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Published on: 1/10/2004
Last Visited: 10/7/2004
In the wake of the Central Bank's prescription of N25 billion as the new capital base for banks, how far can this crack team led by the managing director, Mr. John I. Udeka, an astute banker go? asks Malachy Agbo
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That AGM was at the instance of ACB International Bank Plc, and it marked the first meeting of the new management team led by Mr. John I. Udeka with shareholders of the bank.Since the return of the bank, Udeka's team appears to be the third in a succession.This informed the fear of shareholders as many questions bordering on the durability of the term of the current team were raised.
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Udeka told the gathering that plans were afoot to grow the bank into a financial superstructure for in Small and Medium Enterprises (SMEs), Small and Medium Industries and Equities Investment Scheme (SMIES), Import / Export Financing, Syndicate Financing, and Project Financing.
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John I. Udeka
He is the managing director/ chief executive officer.Udeka obtained a First Class degree in Accounting from the University of Lagos in 1986 and an M. Sc. degree in Finance from the same university in 1989, with multiple prizes including National School Fund Prize for the best graduating student in final exams in B.Sc Accounting.He is a Chartered Accountant and is currently a Fellow of Institute of Chartered Accountants of Nigeria (FCA); Associate, Chartered Institute of Bankers of Nigeria and Associate, Chartered Institute of Taxation of Nigeria.
His working career began at Unilever Nigeria Plc where he was until 1989.During his stay at Unilever, he was exposed to quality management process and training- an experience which provided a launching pad for his banking career, which started at the Investment Banking & Trust Company Limited (IBTC) in 1989 where he spent 10 (ten) years.Within this period, Udeka garnered vast experience in many areas of banking- particularly, credit and marketing, international trade finance and settlement system, correspondence banking, foreign exchange trading, treasury management and internal control.
Earlier in his banking career, he was the Chief Inspector of IBTC, which provided him the opportunity to design and implement the operations and policy manuals used in five departments of the bank.Udeka was also for many years responsible for managing IBTC's relationships with regulatory and supervisory authorities as well as the Federal Inland Revenue Service (FIRS) and the external auditors.He held the position of Head of Foreign Operations up to January 2000, when he left to join Equiorial Trust Bank (ETB) as Deputy General Manager (Financial Services).By the following year, he took over the responsibility of Relationship Management for the bank as General Manager and was promoted Executive Director (Relationship Management) in 2002.Based on the distinguished role he played in the successful repositioning of ETB, he was seconded to Devcom Bank Limited in October 2003 to lead its turn-around programmme.He joined ACB International Bank Plc in May, this year.
...
That AGM was at the instance of ACB International Bank Plc, and it marked the first meeting of the new management team led by Mr. John I. Udeka with shareholders of the bank.Since the return of the bank, Udeka's team appears to be the third in a succession.This informed the fear of shareholders as many questions bordering on the durability of the term of the current team were raised.
...
Udeka told the gathering that plans were afoot to grow the bank into a financial superstructure for in Small and Medium Enterprises (SMEs), Small and Medium Industries and Equities Investment Scheme (SMIES), Import / Export Financing, Syndicate Financing, and Project Financing.
...
John I. Udeka
He is the managing director/ chief executive officer.Udeka obtained a First Class degree in Accounting from the University of Lagos in 1986 and an M. Sc. degree in Finance from the same university in 1989, with multiple prizes including National School Fund Prize for the best graduating student in final exams in B.Sc Accounting.He is a Chartered Accountant and is currently a Fellow of Institute of Chartered Accountants of Nigeria (FCA); Associate, Chartered Institute of Bankers of Nigeria and Associate, Chartered Institute of Taxation of Nigeria.
His working career began at Unilever Nigeria Plc where he was until 1989.During his stay at Unilever, he was exposed to quality management process and training- an experience which provided a launching pad for his banking career, which started at the Investment Banking & Trust Company Limited (IBTC) in 1989 where he spent 10 (ten) years.Within this period, Udeka garnered vast experience in many areas of banking- particularly, credit and marketing, international trade finance and settlement system, correspondence banking, foreign exchange trading, treasury management and internal control.
Earlier in his banking career, he was the Chief Inspector of IBTC, which provided him the opportunity to design and implement the operations and policy manuals used in five departments of the bank.Udeka was also for many years responsible for managing IBTC's relationships with regulatory and supervisory authorities as well as the Federal Inland Revenue Service (FIRS) and the external auditors.He held the position of Head of Foreign Operations up to January 2000, when he left to join Equiorial Trust Bank (ETB) as Deputy General Manager (Financial Services).By the following year, he took over the responsibility of Relationship Management for the bank as General Manager and was promoted Executive Director (Relationship Management) in 2002.Based on the distinguished role he played in the successful repositioning of ETB, he was seconded to Devcom Bank Limited in October 2003 to lead its turn-around programmme.He joined ACB International Bank Plc in May, this year.
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