Governor Ademola Adeleke of Osun state has approved the appointment of Dr. Wale Bolorunduro as chairman of the Living Trust Mortgage Bank Plc.
Hon Wale Bolorunduro , a seasoned banker, served as Commissioner for Finance during the Rauf Aregbesola administration.
A statement made available to Team@orientactualmags.com by the governor’s spokesman, Mallam Olawale Rasheed said Bolorunduro’s letter of appointment as LTMB Chairman, which was dated April 8, 2024 , was signed by the Secretary to the State Government, Hon. Teslim Igbalaye.
‘I present to you the very warm compliments of the government and people of Osun state. I am pleased to inform you that the executive governor of Osun state, His Excellency, Senator Dr. Ademola Jackson Nurudeen Adeleke has graciously approved your appointment as a director and chairman -designate on the board of Living Trust Mortgage Bank Plc.
It is believed that you will employ your wealth of experience as an experienced banker and a finance consultant to steer the bank in its next growth stage.
The current economic climate of the country and recent development in the banking sector would pose challenges to banks, hence the state government’s decision to be proactive in ensuring someone with your wealth of banking and finance experience leads the bank. Wishing you well in your onerous assignment’ the SSG wrote..
In separate letter addressed to the bank’s Company Secretary, it was noted that the appointment will take effect from Friday, 19th April, 2024.
‘Dr. Wale Bolorunduro is a banking and finance consultant with over 35 years industry experience in the Financial Service Sector.
He obtained a PhD degree from the University of British Columbia. He served as Commissioner for Finance in the state and later as the bank’s chairman, until 2016. He led the team to raise the capital that saved the mortgage bank from losing its license.
Living Trust Mortgage Bank is owned by Osun state Government, Corporate and private individuals. The bank is quoted on the NgX with its shares trading at N3.27 on the last trading day’ the statement added-Team@orientactualmags.com Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com. Thank you
