Banking Career

Alhaji Dr Umaru Abdul Mutallab, CON, has had a remarkable banking career that spans several decades, leaving an indelible mark on Nigeria’s banking industry. His visionary leadership, strategic insights, and unwavering commitment to excellence have positioned him as a trailblazer in Islamic finance and banking. He became the executive vice chairman, managing director, and CEO of United Bank For Africa (UBA) in 1978 and left in 1988. He was also the chairman of the oldest bank in Nigeria, First Bank of Nigeria PLC, from 1999-2009.

One of the notable highlights of Umaru Mutallab’s banking career is his role as the founder of Jaiz Bank, Nigeria’s first non-interest Islamic bank. He established Jaiz Bank in 2003 to provide innovative and ethical banking solutions that comply with Islamic finance principles. Under his astute leadership, Jaiz Bank has grown to become a leading financial institution in Nigeria, contributing significantly to the development of the Islamic finance industry in the country.

Umaru Mutallab’s pioneering efforts in establishing Jaiz Bank have been widely recognised and applauded. He has been instrumental in promoting awareness and understanding of Islamic finance principles in Nigeria, and his innovative approach to banking has set a benchmark for the industry. As a result, Jaiz Bank has become a model institution, providing a wide range of financial services that cater to the needs of individuals, businesses, and communities while adhering to the principles of fairness, transparency, and ethical conduct.

In addition to his role at Jaiz Bank, Umaru Mutallab has served on the boards of several other banks and financial institutions, providing strategic guidance and insights based on his extensive experience and expertise in the banking industry. He is known for his deep understanding of banking operations, risk management, and regulatory compliance. His contributions have been invaluable in shaping the policies and practices of the institutions he has been associated with.

Umaru Mutallab’s banking career is characterised by his unwavering commitment to professionalism and excellence. He is known for his meticulous attention to detail, thoroughness, and high standards of integrity in all his business dealings. He has been recognised for his outstanding contributions to the banking industry and has received numerous awards and accolades for his leadership and achievements.

Beyond his achievements in the banking industry, Umaru Mutallab is also known for his philanthropic endeavours. He believes in using his success to make a positive impact on society. He has actively supported various charitable causes, particularly education, healthcare, and poverty alleviation. His philanthropic efforts reflect his profound social responsibility and commitment to giving back to his community.