The Board of Directors of Jaiz Bank Plc has approved the appointment of Mahe Abubakar as the acting managing director/chief executive officer of Jaiz Bank Plc.

Abubakar is taking over from Muhammad Nurul Islam, whose two-year contract is to end by November 17, 2015, the bank said in a statement over the yesterday.

Until his appointment, Abubakar was an executive director in charge of Business Development.

In a statement from the head, Corporate Communications Department of the bank, Idris Salihu, the board of the bank thanked Nurul Islam for his innumerable contributions towards the growth and success of Jaiz Bank Plc in the last two years.

Nurul Islam joined Jaiz Bank in November 2013 and turned it around from a negative balance sheet to a positive result in 2014.

The bank is now operating in 21 locations from 10 locations he met. Under Islam’s leadership, Jaiz also obtained Approval-in-Principle a license from the Central Bank of Nigeria to operate nationwide.

He led dedicated team of Jaiz Bank to obtain ISO-27001 and PCIDSS certification to render all sorts of e-banking on a robust platform.

According to the profile provided by the bank, Abubakar joined Jaiz in 2014 as executive director in charge of Business Development.

He is an astute banker with over 20 years’ cognate experience. Before he joined Jaiz, he was a general manager/group zonal head of Zenith Bank Plc in charge of the Northwest region.

His wealth of experience is expected to impact greatly on Jaiz Bank’s business development drive.

Abubakar has a Master Degree in Business Administration from the Ahmadu Bello University, Zaria and he is a qualified Dealing Clerk of the Nigerian Stock Exchange.

He has attended several trainings in and outside Nigeria including High Potential Leader: Accelerating Your Performance at Wharton School, Pennsylvania, USA; High Performance People Skills, London Business School; and Senior Management Programme, Lagos Business School.