Summit Bank Limited, Nigeria’s newest non-interest financial institution, has officially confirmed the commencement of its operations and outlined its commitment to ethical and inclusive banking services across the country.
Speaking at a media briefing at the bank’s Abuja headquarters, Managing Director/Chief Executive Officer, Dr. Sirajo Salisu, said Summit Bank is fully operational and positioned to deliver transparent, value-driven financial solutions to customers in Nigeria and the diaspora.
“We have followed the conversations with interest and gratitude, and the curiosity shows people care about ethical finance,” Dr. Salisu said. “We are live, well regulated, fully operational, and ready to serve Nigerians with clarity, integrity, and purpose.”
He described the bank as a purpose-built non-interest financial institution designed to make ethical and transparent banking accessible to individuals, groups, entrepreneurs, small and medium-sized enterprises (SMEs), and corporate organisations. According to him, the bank’s vision is to become Nigeria’s leading ethical bank that supports stakeholders for shared growth and prosperity.
Addressing media speculations about the bank’s ownership, Executive Director/Chief Operating Officer, Dr. Mukhtar Adam, clarified that Summit Bank operates independently and is not affiliated with any existing financial institution.
“While some of our directors have built accomplished careers in top banks such as Zenith Bank, Summit Bank is an independent financial entity governed by a professional board and fully compliant with Central Bank of Nigeria (CBN) regulations,” Dr. Adam stated.
He added that the bank’s mission is “to be the trusted partner providing ethical banking solutions that empower individuals and communities while making a positive impact on stakeholders.”
“Our offerings have no hidden costs or complicated terms,” he noted. “We aim to serve both banked and unbanked Nigerians through transparent, technology-driven, and people-centred services.”
Summit Bank’s operations, according to the management, are guided by core values anchored on Stewardship, Unity, Moral Integrity, Mastery, Innovation, Transparency, Boldness, Authenticity, Mobility, and Keenness—values reflected in its name, SUMMIT.
“These values are integral to our system,” Dr. Adam said. “We are combining institutional banking experience with modern digital models to make non-interest banking practical and accessible to everyone.”
