New Chairman, Two Directors Appointed for Ecobank Nigeria

Mrs. Bola Adesola has been appointed Chairman of Ecobank Nigeria. She takes over from Mr. John Aboh, whose tenure as Chairman expired a few months ago.

Also appointed along with Mrs. Adesola as non-executive directors of the bank are Mrs. Titilayo Olujobi and Mrs. Bimbola Wright.

Announcing the appointments in Lagos today, the Board of Directors of Ecobank Nigeria the three new Directors have distinguished themselves in their various careers and are bringing with them a wealth of experience, integrity and professionalism in the financial services industry, which have earned them international respect.

The Board described the new Chairman, Mrs. Adesola as a highly respected professional with over 33 years experience in the banking industry, noting that she has commendable leadership qualities and had successfully driven expansion initiatives in several banks.

Mrs. Bola Adesola

Mrs. Adesola retired from Standard Chartered Bank as the Senior Vice- Chairman, Africa. Prior to this role, she was the Managing Director/Chief Executive Officer for Standard Chartered Nigeria and West Africa for eight years, with oversight over the bank’s West African subsidiaries, including Ghana, Cote d’Ivoire, The Gambia, Sierra Leone, and Cameroun. Mrs. Adesola was also the Chairperson of the Board of Standard Chartered Bank Mauritius and a Director at Standard Chartered, Ghana.

She had also served as an Executive Director, Corporate Banking and Executive Director, Lagos Directorate at First Bank of Nigeria Plc as well as as Managing Director of Kakawa Discount House.

An alumnus of Harvard Business School and Lagos Business School, Mrs. Adesola holds a Law degree from the University of Buckingham, UK and is an Associate of the Chartered Institute of Arbitrators, U.K and Nigeria, among other qualifications.

The Board also described Mrs. Titilayo Olujobi, another new director, as a well-rounded and experienced professional with nearly four decades experience in Public Accounting, Banking, Training Facilitation, Business Consulting and Coaching. She is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Certified Professional Coach of the International Coaching Federation (ICF). Mrs. Olujobi who is currently a Non-Executive Director of IBFC Alliance Limited, started her professional career at Z. O. Ososanya & Co and Coopers and Lybrand (now Price Waterhouse Coopers) where she led audit assignments and consulted on tax issues. She was at Nigeria International Bank Limited (now Citibank Nigeria Limited) as a Management Associate and rose through the ranks across multiple positions to become Vice-President (Deputy General Manager); she was Managing Director, IBFC Agusto Training Limited; Executive Director of IBFC Alliance Limited after the merger of IBFC Agusto and Alliance Consulting. She holds a B.Sc. Degree in Economics from the University of Ife (now Obafemi Awolowo University).

On the other hand, Mrs. Bimbola Wright, is described as a transformative and human-centered professional with 33 years banking experience in top financial institutions, over 20 years of which was at senior leadership levels. She is currently an Executive Director with Wright & Co Limited, a management consulting firm based in Lagos; Chairperson of the Board of Arami Essentials; member of the Institute of Directors, where she sits on the board of IoD Centre for Corporate Governance; and Fellow of the Nigeria Institute of Management.  Her career commenced with NAL Bank Plc (now part of Sterling Bank), from where she moved to Kakawa Discount House which was later acquired by First Bank Holdings to become FBN Quest Merchant Bank. She was  Executive Council member of Women in Management, Business and Public Services (WIMBIZ). Mrs. Wright holds a B.Sc in Human Biology from Surrey University, and an M.A. in International Relations from University of Kent at Canterbury.

Commenting on her new role, Mrs. Bola Adesola said that she was honoured to be appointed as Chairman of the Board of Ecobank Nigeria. “I am familiar with the brand and the proud history that is built on strong foundation across the African continent and indeed globally”, she said, stating that she looked forward to working with the other members of the Board and the Executive team in the journey to be top in the Nigerian market, by setting the standards in financial services for customers.

She expressed gratitude to her predecessor, Mr. John Aboh, whom she described as a consummate and respected banker, for a very successful tenure and wished him all the best for the future.

In his comment, the Managing Director of Ecobank Nigeria, Mr. Patrick Akinwuntan said the entire staff and Management of Ecobank Nigeria warmly welcome Mrs. Adesola and the other new directors to the Board. He assured them of full support in ensuring the actualization of the Bank’s strategic plans in Nigeria. He also thanked Mr. Aboh, the immediate past Chairman, for successfully completing his tenure of office, during which the Bank made remarkable progress in growing its market share and repositioning Ecobank Nigeria for leadership in the Nigerian financial services sector.

 

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