The Bank Directors Association of Nigeria has said its income rose by 5.3 per cent in 2021 financial year.

The Chairman of the association, Mr Mustafa Chike-Obi, disclosed this while presenting its 2021 financial statement ended December 31, 2021, at its 25th annual general meeting in Lagos.

He said, “The total income performance of the association increased by 5.3 per cent in comparison with that of 2020 activities. A surplus of N13.45m was contributed to the accumulated fund.

The association, limited by guarantee also announced the retirement of two members of the board, Mrs Onari Duke, a non-executive director of UBA Plc who had served on the board since 2017.

Ms Hadiza Ambursa, a director representing Access Bank Plc also retired.

Chike-Obi stated that it was the desire of the association to ramp up its advocacy drive on behalf of the banks who were members of the association.