At NOVA, we believe adherence to the highest levels of Corporate Governance is critical to building long-term shareholder value. We have adopted best practice Corporate Governance principles which enables the Board to provide effective oversight within a framework of prudent and effective controls.

The major responsibilities of the Board include:

  • Provision of strategic direction by defining strategic goals, approving business strategy and monitoring implementation
  • Formulation of policies by which it intends to achieve its strategic goals
  • Oversight of the management of the business and the affairs of the Bank
  • Serves as the key decision-making body of the Bank

Our Board Committees include the following and complement the Board in the discharge of its fiduciary duties:

  • Finance, Nominations, Governance & General Purpose Committee
  • Risk & Audit Committee
  • Board Credit & Investment Committee

The Board conducts its affairs in accordance with its Board Charter and the provisions  of the Nigerian Banks and other Financial Institutions Act (“BOFIA”), the Companies and Allied Matters Act (“CAMA”), the Central Bank of Nigeria’s (“CBN’s”) Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014, and all other applicable laws and regulatory provisions.

More Information

Nova Merchant Bank Limited
23, Kofo Abayomi Street,
Victoria Island, Lagos. Nigeria.

+234 1 280 4000

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