Indimi, Jaiz Bank Major Shareholder Vows To Ensure Bank’s Survival

Jaiz Bank’s non-executive director and major shareholder, Dr. Muhammadu Indimi, has resolved to spend any amount of money to keep the bank flourishing.

The business mogul and chairman, Oriental Energy Resources Ltd, disclosed this after the foundation laying ceremony of Jaiz Bank’s new branch office, which coincided with the celebration of his 77th birthday  in Maiduguri, Borno Sstate.

Indimi also stated that he would continue to invest towards the growth of the Bank, saying such was one of the legacies he intends to leave for the state and the country as a whole.

“I am trying to see that I leave a good legacy for my peoples and one of the legacies is the growth of this Bank, we travelled all over the world to understand the operations of non-interest module before the Bank was birth and I am ready to spend anything to see the Bank prosper,” Indimi said.

Also speaking, Jaiz Bank’s Board chairman, Mohammed Mustapha Bintube, said the Bank’s performance had improved tremendously following the recruitment of a new MD/CEO and executive directors.

Bintube further informed that the Bank focuses on financing the real sectors of the economy, saying, “In terms of our contribution to the economy, our bank’s statement which we have made available to the public, is to see that we have invested in top sectors like agriculture, manufacturing and general commerce.”

Meanwhile, the managing director and chief executive officer of Jaiz Bank, Haruna Musa, remarked that the bank was planning to support the people of Borno state through myriad of its business activities.

“I believe our presence will be beneficial to the people of Borno state, because we are going to support the communities immensely.

Any business person can work into any of our branches and pick an account opening form. Our operation is based on a profit and loss sharing formula which is an Islamic banking principle that allows parties in business to win together and lose together,” Haruna said.

He said, like other locations, Borno state was strategic to the success of the Bank, hence, its readiness to harness the potentials for a sustainable economic recovery in the North-East region.