Maureen Tamuno Ratified As Non-executive Director ASO Savings and Loans Plc

By Najib Sani, Gombe

The Group Managing Director (GMD) of Abuja Investments Company Ltd (AICL), Amb. Dr. Maureen Tamuno, has been formally ratified by shareholders as a Non-Executive Director on the Board of ASO Savings and Loans Plc.

The ratification was done during the Bank’s 18th to 27th Annual General Meeting (AGM) held virtually on June 30, 2025.

Dr. Tamuno, who represents the interest of the Federal Capital Territory (FCT) Administration—a significant shareholder in ASO through AICL—was earlier appointed by the Board and received regulatory approval from the Central Bank of Nigeria (CBN) on December 11, 2024.

Her ratification at the AGM was one of the notable highlights of the event, which also saw the formal approval of the Bank’s audited financial statements spanning 2015 to 2024.

Speaking on behalf of the Bank, Chairman of the Board, Alhaji Abdul Kofarsauri, expressed confidence in Dr. Tamuno’s appointment and the strategic value she brings:

“Her appointment adds a wealth of experience to our Board and further deepens the strategic partnership with the FCT Administration, a longstanding and valued shareholder of ASO Savings and Loans Plc,” he said.

The Bank’s relationship with the FCT Administration—via Abuja Investments Company Ltd—continues to be recognized as a critical driver of ASO’s ongoing transformation.

Under the current Board and Management, ASO is pursuing a bold roadmap focused on recapitalization, innovation, and long-term institutional growth.

Maureen brings to the Board a distinguished record in public sector governance, investment facilitation, and economic diplomacy, further enriching the Bank’s leadership as it advances its strategic repositioning.