Jude Anele Appointed CEO of NOVA Bank Amid Growth Plans

NOVA Bank has officially appointed Jude Anele as the Managing Director and Chief Executive Officer, a decision approved by the Central Bank of Nigeria. This appointment comes at a significant time as the bank is transitioning from a merchant bank to a commercial bank, having successfully completed its recapitalization program ahead of the March 31, 2026 regulatory deadline.

Jude Anele brings 33 years of banking experience across West and Central Africa, with expertise in retail, commercial, and corporate banking, as well as risk management. His leadership will focus on strengthening NOVA Bank's commercial banking platform and expanding its corporate, commercial, and retail segments.

Chairman Phillip Oduoza expressed confidence in Anele's leadership, highlighting his strategic clarity and proven track record. NOVA Bank has met the recapitalization requirements set by the Central Bank of Nigeria, reinforcing its capital adequacy for long-term financial stability.

The bank plans to establish eight additional branches across key commercial hubs by 2026.