Agriculture

Recapitalisation: Bank of Agriculture Pledges Restructuring

The new Managing Director of the Bank of Agriculture, Ayo Sotinrin, has promised to restructure the organisation to meet its mandate.

Sotinrin said this on Wednesday while taking over from his predecessor, Alwan Ali Hassan, at the bank’s headquarters in Kaduna.

The PUNCH reports that President Bola Tinubu had last week appointed Sotinrin as the new Managing Director of the Bank of Agriculture.

The appointment was confirmed in a statement issued last Friday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

Sotinrin, a seasoned finance and agribusiness expert, brings a wealth of experience from both the private and public sectors.

Speaking during the handing-over ceremony, he noted that the BOA under his leadership will digitise all its branches across the country, do smart banking and deploy capital in a very intelligent, smart and efficient way.

He said his vision for the bank includes leveraging technology and developing value chains in key crops like cocoa and ginger to become the largest bank in Africa.

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