The Board of Directors of the Jaiz Bank PLC at its AGM appointed Mr. Hassan Usman as substantive Managing Director to run the affairs of the bank subject to the approval of Central Bank of Nigeria. Usman is taking over from Mahe Abubakar who had been acting since December 2015. However, Usman is not new to this position as he had previously acted as Managing Director in 2013.

The company reported earnings results for the year 2015. The company's profit after tax (PAT) of NGN 794.2 million the for 2015 financial year, representing an increase of 576% when compared with NGN 126.8 million recorded in the previous year.

The company expects to face 2016 with a lot of optimism to deliver significant level of profitability that will see pay dividend by the end of year 2017.