Asantehene Implores NIB to fast-track Transformation of the Bank

His Royal Majesty, the Asantehene, Otumfuo Osei Tutu II, has charged the reconstituted Board of Directors and Management of the National Investment Bank (NIB) to fast-track the ongoing transformation process to propel the Bank’s growth.

The Asantehene said this when the recently inducted Board of Directors paid a courtesy call on him at the Manhyia Palace, in Kumasi on Friday, 21st January 2022. The Otumfuo has for many years been a high-value customer and avowed advocate of NIB’s growth hence, the call on him by the recently inducted Board of Directors.

In his remarks, Chairman of the Board of Directors, Mr Kofi Sekyere emphasized the urgency and need for a multistakeholder approach to ensure that the bank is adequately resourced to address the needs of the industry. He also emphasizing on the Board’s commitment to pursue all defaulting loan customers and to continuously build incremental capacity to help drive the country’s industrialization agenda.

Managing Director of NIB, Mr. Samuel Sarpong gave His Royal Majesty a brief update on the achievements so far made in the bank’s transformation process, and assured him that NIB is on course to rebound.

His Royal Majesty, Otumfuo Osei Tutu II, in his welcome comments entreated the Board of Directors and Management of NIB to relentlessly take the necessary steps to transform the bank. “As you all know, NIB was originally set up to support industries, so I urge you to ensure the bank is reverted to its original mandate as it has the potential to make a massive impact on this country’s economy,” he said. He also encouraged Management, especially, to aggressively “go after all loan defaulting customers without fear or favour.”

The delegation included Mr. Kofi Owusu Sekyere, Board Chairman; Mr. Samuel Sarpong, Managing Director; Mr. Michael Ayesu, Mr. Dennis Adjei Dwomoh; Dr. Gideon Bako; Mr. Tweneboa Kodua-Fokuo, Deputy Managing Director; other members of the Management team and the Board Secretariat.