Lokoja — Governor Idris Wada of Kogi state has inaugurated the newly appointed six-member board of the Kogi Savings and Loans Limited with a charge to be above board.
Governor Wada who gave the charge yesterday in Lokoja urged them to be financially prudent.
According to him, in recent years, the bank had witnessed crisis arising from conflicts of interest between both the board and management, urging them to initiate policies that will grow the bank.
He said as part of efforts to strengthen the bank's financial base, the Lokoja Central market was leased to it for management, while necessary contacts had been made with the Central Bank of Nigeria, CBN to facilitate its operations.
He however cautioned against any internal squabbles that would truncate the objectives for which the bank was established, assuring that the board would be given free-hand to operate.
Responding, the chairman of the board, Alhaji Danjuma Ocholi assured that no stone would be left unturned to make the bank viable, saying that the board would partner with other organizations in and outside the state in its bid to make the bank strong and viable.