Nigeria’s new non-interest bank, Summit Bank Limited, has started full operations, promising to give Nigerians honest, clear, and fair banking services.
The Central Bank of Nigeria (CBN) listed Summit Bank as a regional non-interest bank with its head office in Abuja. It joins other non-interest banks in Nigeria like Jaiz Bank, Taj Bank, and Lotus Bank.
The Managing Director, Mr Sirajo Salisu, during a press briefing in Abuja, said that the bank was seeking to serve Nigerians very well.
“We are live, well-regulated, fully operational, and ready to serve Nigerians with clarity, integrity, and purpose.”
He also talked about people thinking the bank was linked to a big bank, saying, “We have followed the conversations with interest and gratitude, and the curiosity we have carefully observed tells us that people care about us and about ethical finance, now is the time for clarification, as Summit Bank’s establishment and operation have gone beyond speculation,” he stated.
On his part, the bank’s Executive Director, Mr Mukhtar Adam, said, “While some of our directors have built accomplished careers at frontline financial institutions such as Zenith Bank, Summit Bank is an independent financial entity governed by a professional board and fully compliant with Central Bank of Nigeria regulations.”
He added, “Our offerings promise no hidden costs or complicated banking for both banked and unbanked Nigerians, with clear, compliant banking services backed by robust technology, sophisticated banking infrastructure, and tested human resources.”
The bank was started in July 2024 and got its CBN licence in February 2025.