NOVA Bank Limited has announced the appointment of Jude Anele as its Managing Director and Chief Executive Officer (CEO), following the approval of the Central Bank of Nigeria (CBN).
NOVA Bank announced this via a statement issued on Sunday, March 15, 2026.
The bank said the appointment comes at a pivotal moment in the bank’s evolution, following its transition from merchant banking to commercial banking and the successful completion of its recapitalisation programme ahead of the March 31, 2026, regulatory deadline.
It added that the appointment reflects the board’s strategic commitment to consolidating NOVA Bank’s commercial banking platform while accelerating growth across its corporate, commercial, and retail segments, as well as priority markets.
Speaking on his appointment, Anele said he was honoured to assume leadership of the bank at a defining stage of its growth.
Anele said: “Nova Bank has built a strong institutional foundation defined by regulatory compliance, capital strength, disciplined governance and a clear commercial mandate.
“Our focus now is execution — deepening customer relationships, expanding responsibly across priority markets, strengthening risk discipline and delivering sustainable value to our shareholders.”
The bank’s chairman, Phillips Oduoza, also expressed confidence in the new leadership, saying: “The Board is pleased to welcome Mr. Jude Anele as Managing Director and Chief Executive Officer.
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“His depth of experience, strategic clarity and proven leadership record align strongly with NOVA Bank’s growth ambitions.”
He added that with recapitalisation completed ahead of the regulatory timeline, NOVA Bank is entering a new phase defined by scale, stability, and structured expansion.
Anele brings more than 33 years of banking experience across West and Central Africa, with deep expertise in retail/commercial banking, corporate banking, risk management, institutional transformation and executive leadership.
Over the course of his career, he has led complex banking operations, strengthened governance frameworks, delivered sustainable revenue growth and built high-performance teams.
NOVA Bank also confirmed that it has met the recapitalisation requirements set by the CBN ahead of the regulatory deadline, reinforcing its capital adequacy and long-term financial stability.
It said the capital raise, supported by new and existing shareholders, further strengthens the bank’s balance sheet and positions it for disciplined growth.
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