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We’ll restructure ATMC, Akinyemi

By Babajide Komolafe
Newly appointed Chairman of ATM Consurtium (ATMC), Mr Oladele Akinyemi has said that the new leadership of company will work together to restructure the company to maintain its leadership position.

Akinyemi was appointed last week to replace Mr Adedotun Sulaiman as chairman while Mr. Olumide Bajomo was appointed as Managing Director/Chief Executive. Reacting to his appointment, Akinyemi said  that having been closely engaged in all issues facing the ATM industry from banking as well as IAD perspectives, he is pleased to take on the central role of leading ATM deployment organisation in West Africa. “I look forward to working closely with the board and the new Chief Executive, Olumide Bajomo, and believe we will form a strong and effective team”.

“The current times are challenging with the recent licensing of two additional IAD’s by the Central Bank of Nigeria (CBN) but ATM-C has many strengths and valuable assets on which it is building an enduring customer focussed business. Mr. Akinyemi expressed optimism that the new team can restructure the company to enable these strengths, once again to become what it is known and valued for.”

Mr. Akinyemi represents Diamond Bank, one of the company’s major shareholders where he serves as Executive Director, Customer Service & Technology. Prior to this appointment, he was a member of ATM-C’s board of directors since inception in 2004, and was appointed Vice-Chairman in 2008.

Commenting on the appointment, former  chairman Mr. Sulaiman said, “We are delighted to welcome Mr. Akinyemi to chair the board at this critical time in the history of the company. His distinguished professional track record and unwavering commitment to actualisation of the ATM-C vision combines well with a deep financial and technology services background. This appointment is timely, allowing him to participate fully and work closely with the new management in the ongoing restructuring, transformation and execution of a new strategic plan for ATM-C.”

Mr. Akinyemi started his professional career in 1987 with International Computers Limited (ICL) as Systems Adviser. He commenced his banking career in 1989 as Head Systems Unit at the former Lead Merchant Bank moving on to Diamond Bank in 1991 to Head different units such as Systems Unit, Commercial & Consumer Banking Unit as well as Retail Banking unit. He later moved to United Bank for Africa (UBA) as Head Retail Banking under the Consumer Banking Division and thereafter to Head Card Business, Cash Management and e-Solutions Group at Citibank Nigeria. He returned to Diamond Bank in 2002 overseeing Operations and Technology Divisions prior to being appointed to the board of the bank in 2006.

Specifically, Mr. Bajomo, as Managing Director/CEO of ATM-C, would leverage his wealth of experience and knowledge in the electronic payments industry and the pioneering role he earlier played at the inception of ATM-C. He has garnered over 19 years experience spanning technology and financial service industry working with leading institutions including two of the largest banks in Africa,

where he provided leadership and executed strategies for the development of e-business, e-banking and e-payment. As Deputy General Manager with Ecobank Group, he was responsible for Transaction Banking Service Delivery across 28 African countries also serving as Head, Transaction Banking in Ecobank Nigeria. Prior to this, he was an Assistant General Manager and Divisional Head, Electronic Banking with UBA Group. He has also served as director on the board of payment services and e-business organizations such as ValuCard Nigeria, InterSwitch, National eGovernment Strategies Limited (NeGSt) and ATM-C earlier as a non-executive Director representing UBA Group.


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