The bank said that both appointments were consistent with its tradition and succession strategy of grooming leaders from within.
According to a statement by the lender on Tuesday, the appointments have been approved by the Central Bank of Nigeria.
“The Board also approved the appointment of Mustafa Bello as an independent non-executive director and the appointment was approved by the Central Bank of Nigeria on December 18,” the statement read in part.
Fasoranti holds a PhD in Economics from the Obafemi Awolowo University, Ile-Ife; M.Sc. in Economics and B.Sc. in Economics from the same university.
Fasoranti, who is a member of the Nigerian Institute of Management, is also an honorary senior member of the Chartered Institute of Bankers of Nigeria.
Prior to his appointment, he was the general manager and the group zonal head in charge of Ikeja zone of the bank and overseeing branches in the Lagos Public Sector Group.
Olisa, on his part, is a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria and an Associate member of the Chartered Institute of Taxation of Nigeria.
Prior to his appointment, he was a general manager and chief inspector of the bank overseeing the internal audit and inspection units of the group.
The newly appointed independent non-executive director, Bello, graduated with a degree in Civil Engineering from the Ahmadu Bello University, Zaria and won the Shell prize for the best project and thesis of the Faculty of Engineering in 1978.
He is currently the Chairman of Invest-in-Northern Nigeria Limited, a special purpose vehicle for the economic and social transformation of the northern Nigerian economy.
According to the statement, he has attended several conferences, missions and meetings where he represented the Federal Government.