Debt Recovery Tops Afribank’s Priority List

Nebolisa Arah, Group Managing Director/CEO of Afribank Nigeria Plc has said top on the bank’s priority list are debt recovery, stabilization, confidence building and improvement processes.
Arah noted further that the new team will work on the business continuity plan along with the staff in order to ensure the smooth operations of the bank.
“The task ahead of us is clear. All of us are going to be involved and we must see the present challenges facing the bank as an opportunity to redefine our presence in the market. We must return to the basics of banking and set agenda for ourselves. We will work-hard to change the mix of our assets”.
He explained that the Action Plan of the Management will be anchored on “stabilization, restoration of confidence and improved business process and performance”.
“We are succeeding in our first key assignments which are to stabilize the bank, secure and sustain the confidence of the banking pubic, our customers and stakeholders on the ability to serve them better and more efficiently”.
Arah described the bank’s rich experience, wide diversification, strong work force, robust IT, market friendly services and products, sound business plan and commitment of staff as the strength which will aid its market acceptance.
He added that the present management will work hard to ensure that the bank will not request for further funds from the Central Bank of Nigeria.