Nigeria, June 10 -- Guaranty Trust Holding Company Plc (GTCO) has announced major changes to its board, including the appointment of Babatunde Soyoye as an independent non-executive director and Suleiman Barau as chairman.

The moves follow the retirement of two long-serving board members.

The announcement was made public on 5 June in a disclosure by Erhi Obebeduo, the company secretary.

Hezekiah Oyinlola, who has been chairman of the GTCO board since its formation, is stepping down. The company said his leadership helped shape its governance structure and long-term strategy.

Suleiman Barau, a former deputy governor of the Central Bank of Nigeria (CBN), will replace him as chairman, subject to regulatory approval. He previously served ...