February 23, (THEWILL) – Parallex Bank Limited has announced the renewal of Dr Olufemi Bakre’s tenure as its Managing Director for another five years, effective 1st of May 2025.
The decision was made by the bank’s Board of Directors, who, in a released statement, expressed confidence in Dr Bakre’s leadership and vision for the bank’s future growth and development.
Under Dr Bakre’s guidance, Parallex Bank has experienced significant expansion and innovation, solidifying its position as a major player in the Nigerian banking industry since it was licensed as a commercial bank by the Central Bank of Nigeria (CBN) in 2021.
The renewal of his tenure is expected to usher in a new era of growth and prosperity for the bank, as Dr Bakre continues to implement his strategic vision for the institution.
Dr Bakre’s reappointment has been widely welcomed by stakeholders, who have praised his commitment to excellence and his dedication to the bank’s customers and employees in driving Parallex Bank’s success and cementing its position as a leader in the Nigerian banking sector.
In his reaction, Dr Olufemi Bakre expressed his profound gratitude to the Parallex Bank Board for reposing their trust in him with the five-year tenure renewal. He described the renewal as a testament to the bank’s collective efforts rather than a personal achievement.
Bakre added that Parallex Bank is committed to revolutionising the banking landscape in Nigeria and delivering exceptional services and unparalleled value to its stakeholders.
