Polaris Bank Strengthens Leadership Team

Polaris Bank Strengthens Leadership Team with Key Appointments


In a strategic move to bolster its executive leadership team, Polaris Bank has announced the appointment of two seasoned professionals, Chinwe Iloghalu and Martins Izuogbe. The bank aims to leverage their expertise to advance its refreshed strategy, which emphasizes technology and service as essential pillars for growth.


Commenting on the appointments, Adekunle Sonola, the MD/CEO of Polaris Bank, expressed his satisfaction with the additions to the executive leadership team. Sonola highlighted the extensive experience of both Iloghalu and Izuogbe in the Nigerian banking sector, emphasizing their expertise in corporate banking, innovation, and technology. He further expressed confidence in the management team’s ability to achieve the bank’s ambitious growth targets.


The bank also acknowledged the valuable contributions of Segun Opeke (ED Lagos and Corporate Banking) and Abdullahi Mohammed (ED North), who will soon complete their tenures on the management team. Opeke and Mohammed played instrumental roles in stabilizing Polaris Bank following its transition from Skye Bank, successfully steering it back to profitability.


As Polaris Bank forges ahead with its growth agenda, the bank’s CEO extended his gratitude to Opeke and Mohammed for their unwavering support during the transition process. Their dedication and guidance have laid a strong foundation for the bank’s future success under the new leadership.


With Chinwe Iloghalu and Martins Izuogbe now part of the executive leadership team, Polaris Bank stands poised to capitalize on their expertise and drive its refreshed strategy forward, propelling the bank toward a prosperous future.

Key Highlights:

  • Chinwe Iloghalu Joins as Executive Director, Lagos and Corporate Banking: Chinwe Iloghalu, a highly experienced banker with a remarkable career spanning over 25 years, assumes the role of Executive Director, Lagos and Corporate Banking. Prior to joining Polaris Bank, she served as the General Manager/Regional Head at Fidelity Bank, where she oversaw operations in Lagos and accumulated extensive knowledge in the digital and electronic banking ecosystem.
  • Martins Izuogbe Appointed as Executive Director, Service and Technology: Martins Izuogbe, who brings with him 25 years of banking sector expertise, exclusively gained at Fidelity Bank, has been appointed as the Executive Director, Service and Technology. Having previously served as the Regional Bank Head for Apapa, Izuogbe’s strong background in operations and IT leadership positions equips him to effectively lead Polaris Bank’s service and technology function.
  • Driving Polaris Bank’s Refreshed Strategy: Polaris Bank emphasizes that these appointments mark a significant milestone in the implementation of its refreshed strategy, which has already yielded positive results. The bank has experienced deposit growth, expanded its product suite, and achieved service efficiencies, all contributing to improved overall performance. By prioritizing technology and service, Polaris Bank aims to enhance its competitiveness within Nigeria’s dynamic financial services ecosystem.
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