First Bank Board Seeks Financial Expert
1 week ago
First Bank of Nigeria Limited has announced the appointment of Mr Ebenezer Olufowose as its new Chairman. This move replaces Mr Tunde Hassan-Odukale, who retired after 12 years as a non-executive director.
A statement by the bank explained that Mr Hassan-Odukale exited the position in compliance with corporate governance guidelines set by the Central Bank of Nigeria.
Mr Olufowose brings over 36 years of experience in the financial services industry. He was appointed to the board on April 29, 2021.
With expertise in Corporate Finance, Project Finance and Investment Banking, he joins the board as Group Managing Director of First Ally Capital Limited, an investment banking firm based in Lagos.
Before joining First Bank, he held positions at Access Bank Plc and Citibank Nigeria, where he led origination, structuring and execution of corporate finance and investment banking transactions.
He started his banking career in 1985 at NAL Merchant Bank Plc (NAL), working in the Corporate Planning and Finance Departments.
Mr Olufowose holds a first-class honours degree in Economics from the University of Lagos and an MA in International Economics from the University of Sussex, England.
His professional qualifications include being an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, a Fellow of the Institute of Credit Administration and a Fellow of the Association of Investment Advisers and Portfolio Managers.
Estimated salary for this role is around ₦120,000,000 - ₦150,000,000 per annum, depending on location and other factors.
The ideal candidate will have excellent leadership skills and be able to drive strategic growth within the organization.
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