President Muhammadu Buhari has re-appointed Olukayode Pitan as the Managing Director of the Bank of Industry for another term of five years.

This was contained in a statement issued on Tuesday by the Special Assistant on Media to the Minister of Industry, Trade and Investment, Ifedayo Sayo.

The new appointment, which takes effect from May 27, 2022, was conveyed via a letter signed by the Secretary to the Government of the Federation, Mr Boss Mustapha and dated March 11, 2022.

The President also renewed the appointment of Alhaji Dikko Aliyu Abdulrahaman as part-time chairman of the bank for a final term of five years with effect from May 27, 2022.