Jaiz Bank Plc_2021 Annual Report and Account

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Five Years Financial Summary

Note 2021 2020 2019 2018 2017
N`000 N`000 N`000 N`000 N`000

Assets

Cash and Balances with Central Bank of Nigeria 3 48,113,817 45,869,170 42,103,116 23,409,751 23,909,987
21,680,400 14,839,178 11,438,274
Due from banks and financial institution 4 7,408,063 5,441,073
- - -
InterBank Murabaha 63,473,239 73,795,575 41,086,469 --

Total Sukuk Investment 5 28,160 - - 19,819,872 6,387,918
63,371,224 40,907,082 32,168,321
Investment in Musharaka 2,424,511 1,979,088 1,008,613 - 1,200,000
13,800,888 3,662,628 1,080,389
Murabaha Receivables 6 33,115,954 24,962,636 21,283,416 25,330,697 22,677,161

Investment in Bai Mu'ajjal 7 41,571 97,301 79,430 59,186 -
505,452 11,393 -
Investment in Istisna 8 1,603,513 1,865,656 1,335,361
- 18,975,452 1,603,513
Investment in Ijara asset 9 20,767,542 2,926,153 9,464,869 15,264,911 13,153,201
6,642,247 47,526 2,547,972
Qard hassan 10 475,815 171,948 149,082
41,462 2,611,415 65,297
Investment in Salam 11 574,840 832,253 481,366 --
3,445,684 2,400,175
Investment properties 12 1,248,588 462,186 1,603,513 -

Investment in Assets Held for sale 13 7,699,830 5,883,288

Property, plant and equipment 14 2,578,588 2,123,997

Leasehold Improvement 15 58,118 34,932

Intangible assets 16 370,748 340,286

Other Assets 17 2,809,209 4,676,323

Deferred taxation asset 19(b) 12,368 -

TotalAssets 279,275,581 233,596,177 167,273,406 108,462,458 87,312,608

Liabilities 19(a) 111,559,434 74,580,714 69,603,883 45,950,138 33,706,359
Customer Current Deposits 20 31,536,49 15,405,242 11,963,766
Other Financing 21 13,724,37 24,273,971 12,443,964 2,000,000 -
Other Liabilities 620,938
Tax payable 18(a) - 558,770 120,251 8,229,960 5,367,886
Deferred tax liability 18(b) - -
90,344 135,677
Total liabilities
- 14,641

157,441,238 114,818,696 94,131,864 56,270,442 39,224,563

Equity of InvestmentAccount Holders 97,529,175 100,932,427 57,589,595 39,082,854 34,408,897
Customers' Unrestricted Investment Accounts 19(b) 97,529,175 100,932,427 57,589,595 39,082,854 34,408,897

Owners' Equity 22 17,270,586 14,732,125 14,732,125 1 4,732,125 14,732,125
Share Capital
Share Premium 23 1,348,447 627,365 627,365 627,365 627,365
Retained Earnings
Risk Regulatory reserve 24 (739,345) (2,538,887) (4,081,114) (4,574,108) (4,244,308)
Statutory Reserve
Other Reserves 25 2,428,354 2,175,084 2,714,153 1,619,336 2,267,029

Total Equity 26 3,276,471 2,108,624 1,237,662 504,826 254,517

27 720,655 740,742 321,757 199,618 42,420

24,305,168 17,845,053 15,551,948 13,109,163 13,679,147

Total Equity and Liabilities 279,275,581 233,596,177 167,273,406 108,462,458 87,312,608

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Five Years Financial Summary

2021 2020 2019 2018 2017
N'000 N'000 N'000 N'000 N'000

Income: 15,205,240 10,757,796 7,461,682 6,291,944 6,239,803
8,972,187 8,003,175 6,055,941 1,223,633 684,854
Income from Financing Contracts
Income from Investment Activities

Gross Income from financing and investment transactions 24,177,427 18,760,971 13,517,623 7,515,577 6,924,658

Impairment write Back of non-performing (3,720,926) (3,027,892) (1,145,876) 231,584 (161,459)
Financing and Investment 20,456,502 15,733,079 12,371,746 7,747,161 6,763,198

Net Spread after Provision

Return on Equity of Investment Account Holders (4,939,957) (3,789,440) (2,907,985) (1,916,804) (1,397,009)
Bank's share as a Mudarib/Equity investor 15,516,544 11,943,639 9,463,762 5,830,357 5,366,190

Other Income 1,108,774 500,930 1,008,943 988,439 748,709
Fee and commisssion 557,162 352,040 188,258 240,305 182,003
Other Operating Income
17,182,480 12,796,609 10,660,962 7,059,101 6,296,902
Total Income

Expenses: 7,238,222 4,902,366 3,863,554 2,808,765 2,374,457
Staff costs 781,980 811,624 714,586 608,398 522,187
Depreciation and Amortisation
Operating Expenses 4,789,475 4,016,643 3,972,805 2,744,236 2,506,250

Total Expenses 12,809,677 9,730,633 8,550,945 6,161,399 5,402,894

Operating Profit/(Loss) Before Tax 4,372,803 3,065,976 2,110,017 897,702 894,006
Income Tax Expenses (73,575) (162,764) 332,768 (63,336) (356,891)

Profit/(Loss) for theYear afterTax 4,299,228 2,903,212 2,442,785 834,366 537,115

Other Comprehensive Income (214,728) - - 12,313 -
Item that may be reclassified to profit or loss 4,084,500 273,825 - - -
Net gain on gifted property
Foreign currency translation difference 3,177,036 2,442,785 846,679 537,115

Total comprehensive income for the year

Basic and diluted Earnings per share (Kobo) 13.8kobo 9.85 kobo 8.29 kobo 2.83 kobo 1.82 kobo

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F.
Corporate
Information Branch Network 152
Correspondence Bank 154

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Branch Network

Region Address
FCT
Ground Floor, Kano House, 73 Ralph Shodeinde Street CBD, FCT- Abuja.
No 36 Douala Street ,Erisco Bompet Plaza, Zone 5 Abuja.
Bannex Plaza, Wuse, FCT Abuja.
Ground Floor, Block B Room 16, NNPC Towers, Abuja.
National Assembly Complex, 3 Arms Zone Abuja..

NORTH No 55 Tafawa Balewa Way, Off Murtala Muhammad Way, Kano.
WEST No 109b IBB Way, Kofar Kaura Katsina.
No 21 Canteen Road, Opposite CBN Gusau.
NORTH No 5 Ahmadu Bello Way, Former Finbank Building, Sokoto
CENTRAL No. 13E Bello Road Kano.
Kabuga Shopping Complex, Along BUK / Gwarzo Road, Kano.
11 Zoo Road, Opposite Trade Fair Complex, Kano.
Plot 140, Opposite NNPC Depot, Maiduguri Road, Hotoro Kano.
Plot 20 Ahmadu Bello Way, Birnin-Kebbi.
No 69, Sokoto Road, Funtua.
N0 11, Mamman Bashar Road, Daura.
Plot 10/11 Sani Abacha Way, Dutse

11A Ali Akilu Road Kaduna
Ahmadu Bello University Road, Opposite Main Gate, Samaru, Zaria.
Farida Ventures Building, Kano Road, Kaduna.
No. 2 Crescent Road, Sabon Gari, Zaria.
No. 4 John Holt Road, along Paparanda Square, Lokoja.
No 25, Ahmadu Bello Way, Jos.
Plot 664 Cadastral Zone A11, Mararaba Gurku, Karu.

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Branch Network

Region Address

NORTH No 8 New Market Road, Commercial Area Gombe.
EAST No 18 Shehu Laminu Way, Maiduguri.
Abubakar Tafawa Balewa University, Bauchi.
No 14, Mohammed Mustapha Way, Opposite Jimeta Modern Market Yola.
No 2 Mohammed Bello Kirfi Road, Off Ahmadu Bello Way, Bauchi
No. 10, Bukar Abba Ibrahim Way, Opposite Yobe Islamic Center, Damaturu

SOUTH

De Plazaville Shopping Complex, 119 Awolowo Way, (Allen Round About) Ikeja, Lagos.
No. 17 Wharf Road, Opposite Eleganza Plaza, Apapa, Lagos.
39, Awolowo Road, Ikoyi, Lagos.
No. 2/4 Davies Street, Kingsway Building, Marina, Lagos.
186 Abba Road, (Opposite Water Line) Port Harcourt.

SOUTH No.3 Fajuyi Road, Dugbe Ibadan.
WEST No.11 Unity Road, (Beside Kasmag Transport) Ilorin.
Main Campus University of Ilorin.
Oke-Dio Junction, Secretariat Road, Saki.
No. 4, Gbongan Road, Oshogbo.
S7/264, Iwo Road, Ibadan.

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Correspondence Banks

Correspondence Banks Addresses
1. Afreximbank
2. AKTIF Bank 72(B) El Maahad El Eshteraky Street Cairo Egypt.
Esentepe Mahallesi Kore Sehitleri Caddesi
3. Banco De Sabadell AKTIF Bank Genel Mudurluk No: 8/1 Sisli Istanbul Turkiye
Pl. De Sant Roc, 20 (sabadell) - Ins. R. M. Barcelona, Tomo 20093,
4. Bank Al Bilad Riyadh, Folio 1, Hoja B-1561 Spain - CIFA08000143.
5. Bank of Beirut (UK) Limited Al Malaz, Steen Street P.O. Box 140 Saudi Arabia.
6. FBN Bank (UK) Limited 66 Cannon Street, London EC4N 6AE.
7. FCMB Bank (UK) Limited 28, Finsbury Circus, London.
8. Standard Chartered Bank, New York 81, Gracechurch Street London EC3V0AU.
9. Zenith Bank (UK) Ltd. 1095, Avenue of The Americas New York,NY.
39, Cornhill London, EC3V 3ND United Kingdom.

154

G. 156
Shareholders 157
Information
Shareholders Engagement 159
160
Notice of AGM 161
163
Explanatory Notes to the Proposed
Resolutions

e-Service/Data Update Form

e-Dividend Form

Proxy Form

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Shareholders Engagement

The Bank maintains an effective communication with its shareholders by providing them with a continuous flow of financial and
non-financial information to ensure that their expectations are aligned with the Bank's corporate objectives. The Bank has
employed the following channels of communication to provide information to its shareholders:

Channel Description

Annual Report and Accounts The Annual report is an encompassing report of the Bank's financial and corporate
governance activities throughout the preceding financial year. It is an annual publication
Website made in hard copy and electronic formats, with same dispatched to shareholders and
Result Announcement other stakeholders 21 days before the Annual General Meeting.
Annual General Meeting (AGM)
www.jaizbankplc.com is the Bank's official website, where relevant information on a
wide range of issues are provided for all stakeholders.

The Bank ensures its financial performance is easily accessible by making quarterly
publication in the national papers in line with the disclosure requirements of the Nigerian
Exchange Group.

The Annual General Meeting is a Statutorily required annual event organized by the Bank,
to discuss the Bank's Performance, Strategy, Ambitions as well as other concerns of
stakeholders. The event is attended by Senior Management, Directors, Shareholders,
Regulators and other Stakeholders. Decisions are approved by simple majority vote as
prescribed by law.

Shareholder Association Meeting In an effort to ensure that minority Shareholders are protected and carried along, the
Bank goes further to interact with representatives of various Shareholder Associations to
address any concerns they may have as well as receive feedbacks and recommendations.

Investor Relations Contact Details

Email: [email protected] or [email protected]
Phone: +2348106705793, +2347080635555, +234708063 5500
Contact Address:
Investor RelationsTeam The Registrars:

Company Secretariat, Jaiz Bank Plc., Africa Prudential Plc.,
Kano House, 220B, Ikorodu Road,
No. 73 Ralph Shodeinde Street, Palmgrove, Lagos.
Central Business District,
P.M.B. 31, Garki, Abuja FCT.

RIGHTSAND RESPONSIBILITIES OF SHAREHOLDERS

Shareholders are encouraged to key into the Bank's Corporate Values, with a collective effort of achieving the mission and vision
of the Bank by exercising their right which includes but are not limited:

i. Attending and participating in Shareholders' Meetings
ii. Vote at Meetings
iii. Electing and Removing Directors
iv. Approving Resolutions and Changes thereto
v. Appointing the Bank's external Auditor
vi. Perusal of Corporate records, statements, and reports
vii. Approving fundamental changes to the Bank
viii. Sharing in the property of the Bank upon dissolution.

SHAREHOLDER ENQUIRIESAND COMPLAINTS MANAGEMENT

This policy recognises the obligation of the Bank to provide shareholders with timely access to relevant information regarding
their Bank and their equity holding, addressing the concerns of shareholders efficiently and effectively. It provides clear and
detailed procedure through which shareholders may file complaints or make enquiries as well as the Bank's procedures for
acknowledging and addressing those complaints and the timely within which a given enquiry or complaint shall be addressed.

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Notice of Annual General Meeting

NOTICE IS HEREBY GIVEN that the 10th Annual General
Meeting of Jaiz Bank Plc. will hold at Shehu Musa Yar'Adua
Centre, Central Business District, Abuja on Tuesday16th
August 2022 at 11.00am to transact the following business:

ORDINARY BUSINESS: in accordance with applicable laws, such steps, actions,
business combinations or transactions that would
1. To Lay before the members, the Audited Financial enable the Company to achieve its short and long-
Statements of the Bank for the period ended term growth strategy required to improve
December 31, 2021, together with the Reports of the competitiveness including but not limited to
Directors, Auditors, and Statutory Audit Committee investment, acquisition, restructuring, capital raising,
thereon; issuance of sukuk, expansion or business arrangement
required to secure a competitive advantage for the
2. To declare a dividend; Company.
3. To re-elect Directors; iv. That the Board of Directors be and is hereby
4. To elect Mr. Ahmed Alhaji Hassan as an Executive authorized to do all such things and take all such
actions as are required by the Central Bank of Nigeria,
Director; Securities and Exchange Commission, the Nigerian
5. To appoint Messrs. Deloitte as External Auditors of Exchange Limited and other authorities to raise capital
in the sum of N150,000,000,000.00 through issuance
the Bank in place of Messrs. Ahmed Zakari & Co. who of Sukuk either in full or in series.
would be retiring as the Company’s Auditors; v. That the Board of Directors be and is hereby
6. To authorize the Directors to fix the remuneration of authorized to enter into and execute agreements,
the Auditors; deeds, notices and any other document(s) necessary
7. To note the remuneration of Managers of the Bank for and/or incidental to the above resolutions;
8. To elect Shareholder Representatives of the Statutory vi. That the Board of Directors be and is hereby
Audit Committee. authorized to appoint such professional parties,
consultants and advisers as may be required to
SPECIAL BUSINESS execute above resolutions;
vii. That the Board of Directors be and is hereby
As Ordinary Resolution: authorized to perform all acts and to do all such other
things that may be necessary for or incidental to giving
9. To consider and if thought fit pass the following as effect to the above resolutions, including without
ordinary resolutions: limitation, complying with the directives of the
regulatory authorities.”
i. “That the Board of Directors be and is hereby
authorized to take all steps necessary to comply with 10. That the Directors’ Fees for the financial year ending
the requirements of Section 124 of the Companies December 31, 2022 be and is hereby fixed at
and Allied Matters Act 2020 and the Companies N16million per annum for the Chairman and
Regulations 2021, as it relates to unissued Shares N14Million per annum for every other Non-
forming part of the Share Capital of the Company, Executive Director.
including the cancellation of the unissued Shares of
the Company; NOTES:
1. Compliance with Covid-19 Related Directives and
ii. That the Board of Directors be and is hereby Guidelines
authorized to take all steps necessary to ensure that The Federal Government of Nigeria, State Governments,
the Memorandum and Articles of Association of the Health Authorities and Regulatory Agencies have issued a
Company are altered to comply with resolution 9 (i) number of guidelines and directives aimed at curbing the
above including replacing the provision stating the
authorized share capital with the issued share capital;

iii. That the Board of Directors be and is hereby
authorized to undertake as it deems appropriate and

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Notice of Annual General Meeting

spread of COVID-19 in Nigeria. Particularly, the Federal The appointment has been approved by the Central Bank of
Capital Territory Administration prohibited the gathering of Nigeria and would be presented to Shareholders’ for approval
more than 20 people while the Corporate Affairs at the 10th Annual General Meeting.
Commission (CAC) issued Guidelines on Holding AGM of Pursuant to Section 285 of the Companies and Allied Matters
Public Companies by Proxy. The Convening and conduct of Act 2020, the following Directors shall retire by rotation and
the AGM shall be done in compliance with these directives being eligible have offered themselves for re-election:
and guidelines.
i. Alhaji (Dr.) Aminu Alhassan Dantata
2. Proxy ii. Mallam Falalu Bello
A member of the Company entitled to attend and vote at the iii. Alhaji (Dr.) Muhammadu Indimi
Annual General Meeting is entitled to appoint a proxy in iv. Alhaji (Dr.) Umaru Kwairanga
his/her stead. A proxy need not be a member of the
Company. Special Notice is hereby given pursuant to Section 282 of the
Companies and Allied Matters Act that Alhaji (Dr.) Umaru
For the appointment of the proxy to be valid, a proxy form Abdul Mutallab, CON, HRH. Engr. Bello Muhammad
must be completed and deposited at the office of the Sani,OON, Alhaji (Dr.) Muhammadu Indimi, OFR and Alhaji
Company’s Registrar, Africa Prudential Plc, 220B Ikorodu (Dr.) Aminu Alhassan Dantata, CON are over 70 years of age
Road, Palmgrove, Lagos, Nigeria, or via email at and have indicated their willingness to continue in office.
[email protected] not later than 48 hours before the The Biographical details of the Directors standing for
time fixed for the meeting. A blank proxy form is attached to election/re-election are provided in the Annual Report as well
the Annual Report and may also be downloaded from the as the Bank’s Website stated above.
Company’s website at https://www.jaizbankplc.com;
7. Closure of Register of Members
3. Attendance by Proxy As previously notified to shareholders and the investing public,
In line with CAC Guidelines, attendance at the AGM shall be the Register of Members and Transfer Books of the Bank will
by proxy only. Shareholders are required to appoint a proxy of be closed from 27th May, 2022 to 2nd June 2022 (both days
their choice from the list of nominated proxies below: inclusive) for the purpose of dividend payment and updating
i. Alhaji (Dr.) Umaru Mutallab, CON the Register.
ii. Alhaji (Dr.) Musbahu Bashir
iii. Mall. Hassan Usman, FCA 8. Nomination to theAudit Committee
iv. Mrs. Olabisi Bakare In accordance with Section 404 of the Companies & Allied
v. Alh. Kabiru Abdullahi Tambari Matters Act, any member may nominate a shareholder as a
vi. Mr. Patrick Ajudua member of the Statutory Audit Committee by giving notice in
vii. Bp. Goodluck Akporie writing of such nomination to the Company Secretary at least
21 days before the Annual General Meeting. Such notice of
4. Stamping of Proxy nominations should be sent via email to
The Bank has made arrangement at its cost, for the stamping [email protected] for the attention of the
of the duly completed and signed proxy forms submitted to Company Secretary. A member of the Statutory Audit
the Company’s Registrars within the stipulated time. Committee is required to be financially literate and be
knowledgeable in internal control processes. Consequently, a
5. Dividend detailed resume disclosing requisite qualifications should be
If the dividend recommended by the Directors is approved by submitted with each nomination.
the shareholders at the AGM, dividend will be paid by 16th
August 2022. Given the previous notice to shareholders and 9. e-Dividend
the investing public by the Bank on the closing period for the Notice is hereby given to all shareholders to open bank
purpose of dividend payment, dividend approved at the AGM accounts, stockbroking accounts and CSCS accounts for the
will be paid to shareholders whose names appear in the purpose of receiving dividend payment electronically.
Company’s Register of members by close of business on Application form for e-dividend could be downloaded from
Thursday, 26 May 2022. our Registrars website at https://africaprudential.com/forms-
offers/ to enable shareholders furnish particulars of their
6. Election and Re-Election of Directors accounts to the Registrar as soon as possible. Detachable
Pursuant to Section 274 of the Companies and Allied Matters forms in respect of mandate for e-dividend payment and
Act 2020, Ahmed Alhaji Hassan is being proposed for election shareholder’s data update are attached to the Annual Report
as Executive Director of the Bank. for convenience.

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Notice of Annual General Meeting

10. Unclaimed Share Certificates 12. Website
Shareholders with share certificates that have remained A copy of this Notice, Biographical details of Directors
unclaimed, or are yet to be returned for validation are standing for election, re-election, and other information
advised to complete the e-dividend registration or contact relating to the meeting, as well as the full version of the
the Company’s Registrars at the address stated above, or the Annual Reports and Financial Statements can be
Company Secretary at the Bank’s Registered address stated downloaded from the Bank’s website stated above.
below, or any of the Bank’s Branches. Shareholders are also
encouraged to update their contact information in the event 13. Rights of Shareholders toAsk Questions
of change of such information. Change of Address Form can Shareholders have a right to ask questions at the Annual
be downloaded from our Registrar’s Website stated above. General Meeting. Shareholders may also submit questions
Requests may be addressed to the Registrars of the Bank or prior to the Meeting in writing to the Company, and such
the Company Secretary at the Bank’s registered address questions must be submitted to the Company through email
stated below. at [email protected] on or before
Tuesday 6th August 2022.
11. e-Report
In order to improve delivery of our Annual Reports, we By Order of the Board
hereby request that shareholders who wish to receive
Annual Reports and other statutory reports of Jaiz Bank Plc Mr.Mohammed Shehu
in electronic format should download the e-Report Request Company Secretary
Form from the Bank’s Website stated above, complete and FRC/2017/NBA/00000016416
return the form to the Company Secretary for further Jaiz Bank Plc.
processing or simply email the Company Secretary at Kano House
[email protected]. No. 73 Ralph Shodeinde Street
Central Business District, Abuja
Federal Capital Territory

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Explanatory Notes to the Proposed Resolutions

The Notes below provide explanation to the proposed knowledge and experience.
resolutions.
All the resolutions are being proposed as ordinary resolutions. Resolution 5-6: Appointment of External
This means that for each resolution to be passed a simple Auditors/Remuneration ofAuditors
majority of votes in favour of the resolution is required. Messrs Ahmed Zakari & Co. would be retiring as the external
Auditors of the Company having served for a term of 10years.
Resolution 1:Annual Report andAccounts Consequently, Messrs Deloitte are being proposed to be
The directors are required under Section 388 (1) of the appointed as the External Auditor of the Company
Companies and Allied Matters Act 2020 to lay before the Pursuant to the provision of Section 408(1) (a) of the
company in General Meeting for each financial year copies of Companies and Allied Matters Act 2020, the shareholders will
the financial statements of the company made up to a date not be required to authorize the directors to fix the remuneration
exceeding nine months prior to the date of the meeting. This of the Auditors for the financial year ending December 31,
provides the shareholders the opportunity to ask questions 2022.
on the content of the Annual Report and Financial
Statements. Resolution 7: To disclose the Remuneration of Managers
The Companies and Allied Matters Act provides that the
Resolution 2:Declaration of Dividend compensation of managers of a company shall be disclosed to
By virtue of the provision of the Companies and Allied members of the company at the Annual General Meeting. In
Matters Act 2020, the General Meeting has the power to accordance, shareholders will be requested to note the
approve or reduce the dividend recommended by the disclosure on the remuneration of the managers of the
directors but cannot increase it. If the … kobo dividend per company as contained in Note 43a of the Annual Report and
ordinary share recommended by the Directors is approved, Accounts.
the dividend net of withholding tax will be payable on June 8.
2022 to those shareholders whose names appear on the Resolution 8: Election of the Shareholder Representatives
Company's register of shareholders as at May 27, 2022. of the StatutoryAudit Committee
In accordance with Section 404 (6) of the Companies and
Resolution 3-4:Election and Re-Election of Directors Allied Matters Act 2020, any member may nominate a
In line with the provisions of Section 285 (1) of the shareholder for election as a member of the Audit
Companies and Allied Matters Act 2020, one third of all Non- Committee by giving notice in writing of such nomination to
Executive Directors are to stand for re-election every year the Company Secretary at least 21 days before the Annual
together with Directors appointed by the Board since the last General Meeting.
Annual General Meeting (AGM). In line with this requirement, Members will be required to vote at the Annual General
Alhaji (Dr.) Aminu Alhassan Dantata, Mall. Falalu Bello, Alh. Meeting to elect members of the Bank's Statutory Audit
(Dr.) Muhammadu Indimi and Alh. (Dr.) Umaru Kwairanga will Committee.
retire at this AGM and being eligible for re-election, the
Directors hereby present themselves for election. Resolution 9:Approval of Directors' Fees
Your company is required by law to seek the approval of the
Pursuant to Section 274 of the Companies and Allied Matters annual fees payable to the Non-Executive Directors.
Act 2020, Ahmed Alhaji Hassan is being proposed for election Shareholders will therefore be required to approve annual
as Executive Director of the Bank. The appointment has been fees for the Non-Executive Directors for the 2022 financial
approved by the Central Bank of Nigeria and will be tabled year. The remuneration is N16million per annum for the
before the shareholders for approval at this meeting. Chairman and N14Million per annum for every other Non-
Executive Director. The proposed rate is maintained at the
The profile of the five directors are contained in this Report. 2021 level.
The Board recommends the re-election/approval of the five
Directors to enable it to maintain the needed balance of skill,

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Proxy Form

10th Annual General Meeting of Jaiz Bank Plc. will hold at Shehu Musa Yar'Adua
Centre, Central Business District, Abuja on Tuesday16th August 2022 at 11.00am.

I/WE…………………………………………………… Full Name and Address of Shareholder
(Name of Shareholder in block letters) Being a member(s)
of Jaiz Bank Plc. hereby appoint Alhaji (Dr.) Umaru Abdul Number of Shares
Mutallab CON, FCA or failing him any of the underlisted
shareholders: Resolution For Against Abstain
i. Alhaji (Dr.) Musbahu Bashir
ii. Mall. Hassan Usman, FCA 1. To receive the Audited Financial Statements of
iii. Mrs. Olabisi Bakare the Bank for the period ended December 31,
iv. Alh. Kabiru Abdullahi Tambari 2021, together with the Reports of the
v. Mr. Patrick Ajudua Directors, Auditors, and Audit Committee
vi. Bp. Goodluck Akporie thereon.

As my/our proxy to vote for me/us on my /our behalf at the 2. To Declare a Dividend
10th Annual General Meeting of our Company to be held on
........................................ 2022, at 11.00am and at any 3. To Re-Elect Director:
adjournment thereof. 1.Alhaji (Dr.) Aminu Alhassan Dantata
2. Malam Falalu Bello
Unless otherwise instructed, the Proxy will vote or abstain 3.Alhaji (Dr.) Muhammadu Indimi
from voting as he/she thinks fit. Signed this day of 2022 4.Alhaji (Dr.) Umaru Kwairanga
Shareholder’s

Signature:………………………………………………… 4. To Elect Mr. Ahmed Alhaji Hassan as an
Executive Director

1. The Proxy must produce the Admission card sent with the 5. To appoint Messrs. Deloitte as External
Notice of the Meeting to obtain entrance to the meeting.
Auditors of the Bank

2. Before posting or emailing the above card tear off this part 6. To authorize the Directors to fix the

and retain it. remuneration of the Auditors

IMPORTANT NOTES 7. To disclose the remuneration of Managers of
the Bank
A member (shareholder) who is unable to attend an Annual General
Meeting by Law may vote by proxy. The form has been prepared to enable 8. To elect members of the Statutory Audit
you exercise your vote since you cannot attend. Committee
Provisions have been made on this form for either the Chairman of the
Meeting, Alhaji (Dr.) Umaru Mutallab CON; or Alhaji (Dr.) Musbahu Bashir; 9. That the Directors’ Fees for the financial year
or Malam. Hassan Usman FCA to act as your proxy. Please sign the above ending December 31, 2022 be and is hereby
and choose any of the mentioned Proxies to act in your stead. Post or email fixed at N16million per annum for the
it to [email protected] so as to reach the address shown Chairman and N14Million per annum for
overleaf not later than 48 Hours before the meeting. If executed by a every other Non-Executive Director
Corporation, the proxy form should be sealed with common seal. It is a legal
requirement that all instruments of proxy must bear appropriate stamp Please indicate with an “X” in the appropriate box how you may wish your votes to be cast
duty from the Stamp Duties Office, and not adhesive postage stamps. The on the resolutions set above. Unless otherwise instructed, the proxy will vote or abstain
Bank has made arrangement to stamp the forms at its cost. from voting at his/her discretion.

Please admit………………………………………………………………………………………………to the 10th Annual General
Meeting of Jaiz Bank Plc. which will holdat Shehu Musa Yar'Adua Centre, Central Business District, Abuja on Tuesday16th August 2022 at
11.00am and at any adjournment thereof

Signature………………………………………………………………………………………………………………………………

Important

(A) This admission card must be produced by the shareholder or his proxy in order to obtain entrance to the General Meeting.

(B) Shareholders or their proxies are requested to sign the admission card before attending the Meeting. 10637

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PLEASE AFFIX A
STAMP HERE

Send by post to:

Africa Prudential Plc.
(Formerly UBA Registrars Limited)

220B Ikorodu Road,
Palmgrove, Lagos, Nigeria.

Or by email to:
[email protected]

164

Finance!You decide,we

Jaiz Auto Finance (Murabaha)

This is a product designed to finance acquisition of automobile for salary
account holders in public and reputable private organisations.The financing is
based on the concept of Murabahah (cost plus mark-up).The Bank purchases
the vehicle and sells to the customer with reasonable markup (otherwise called
profit). Payment for the vehicle sold to the customer is usually on monthly
basis from the customer’s salary for a period of 3 to 4 years.
Features
• Salary domiciliation
• Up to 48 months tenure
• Minimum down payment

Corporate Head Office No. 73 Ralph Shodeinde Street Central Business District. P.M.B. 31 Garki Abuja, Nigeria For more information:
[email protected] +234 700 773 0000 www.jaizbankplc.comTWITTER @JaizBankNG
FACEBOOK/LINKEDIN/INSTAGRAM @jaizbankplc

[email protected]
+234 (0) 700 773 0000
www.jaizbankplc.com

JaizBankPlc JaizBankNG

w w w. j a i z b a n k p l c . c o m