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New CEOs resume immediately, who they are?

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By Babajide Komolafe
The newly appointed Managing Directors/Chief Executives of the five banks  resumed immediately  at the  headquarters of the banks.

The new chief executives are Mr. John Aboh – MD/CEO Oceanic International Bank Plc, Mr. Mahmud L. Alabi- MD/CEO Intercontinental Bank Plc, Mr. Nebolisa Arah – MD/CEO Afribank Plc, Mrs. Suzanne Iroche- MD/CEO Finbank Plc, Mrs. Funke Osibodu – MD/CEO Union Bank Plc.

Mr. John O. Aboh, (Oceanic International Bank Plc),  was previously Executive Director (Banking Operations & Services) of First Bank of Nigeria Plc, from where he was appointed  Ag. Group Managing Director, Wema Bank Plc. in 2008

Born on July 18, 1956. Mr. Aboh holds a B.Sc. degree in Finance and MBA in Finance & Accounts. He has over the years acquired special skills in Structural International Trade Transactions, Computer Literacy and People Management.

He has also attended several proficiency_enhancing courses within and outside Nigeria. A seasoned Banker, Mr. Aboh began his Banking Career in 1981 in First Bank of Nigeria Plc.

He worked as Credit Analyst, Assistant General Manager and as Deputy General Manager & Chief Inspector in Nigeria Merchant Bank Limited, Nigeria International Bank (Citibank) and UBA Plc respectively.

Notable special projects executed by Mr. Aboh include the reorganisation of International Operations System at Nigeria International Bank (Citibank) and the Implementation of the UBA MoneyGram Money Transfer Service. He is now Executive Director (Banking Operations & Services) at First Bank. He is married with children.

Olufunke Iyabo Osibodu (Union Bank)   She currently heads the Financial & Investment services arm of Vigeo Holding Ltd, a conglomerate involved in various sectors of the Nigerian economy, where she is also serving as a Director.
Mrs Funke Osibodu studied Economics at the University of Ife and is also an Alumnus of the prestigious Harvard Business School.
With over 27 years of banking experience, she has been the Managing Director of two banks, MBC, and more recently Ecobank Nigeria Plc, before becoming a Director in the parent holding company of Ecobank, Ecobank Transnational Incorporated, a position she left in August 2006.

In addition to an excellent banking career, Mrs. Osibodu has held various positions of prominence in the business community and has served in various government appointed committees. As well being a member Vision 2010, she has been a director of ValuCard, Nigeria Interbank Settlement System (NIBSS), Consolidated Discount House Limited, First Securities Discount House Limited, MBC Securities Limited, and ESL Securities Limited.

A recipient of various awards, in the non-financial realm she is also a director in Nigeria Economic Summit Group, Enterprises for Development International, a Non-Governmental Organisation, and the Centre for Law & Business – a private law university.

Suzanne Olufunke Iroche, (Finbank PLC) has over twenty four years industry experience. An alumnus of Queens’ College Yaba Lagos, University of Lagos, Akoka, Yaba and J.L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois, U.S.A., she has also attended several management and leadership development courses in some of leading business institutes of the world. Suzzane has extensive experience and knowledge in the areas of Corporate Banking, Treasury and international banking. She is currently the Executive Director of Global Bank Directorate.

Mr. Mahmud Lai Alabi (Intercontinental Bank) is a graduate of Economics in 1975 with 1st Class Division and the best graduating student of the University in that year having won 5 academic prizes. He has a master degree in economics from Yale University, USA in 1979.

He started his banking career with NAL Merchant Bank Plc as Deputy Manager in 1985 and rose to the position of Senior Manager before he joined First bank of Nigeria plc where he rose to the position of Deputy General Manager (Finance & Planning).

He became a pioneer Managing Director of Kakawa Discount House Limited in 1995. The position he occupied before joining Union Bank of Nigeria in 1999 as Executive Director (Commercial Banking) and later moved to Corporate and International Banking. He retired from the services of Union Bank in 2006.

CBN appointed his as the interim Chairman of FinBank Plc in June 2008 and later appointed as the Acting Managing Director and Chief Executive of Wema Bank plc.

Mr. Nebolisa Arah, was the Managing Director/Chief Executive Officer of Fidelity Bank Plc from where he retired recently.Mr. Arah maintains a strong reputation in the banking industry as an achiever.

He holds a Bachelor of Science Degree in Agricultural Economics from the University of Ibadan, as well as Master of Science (Agricultural Economics), Master of Business Administration from Ohio University of Graduate School, Columbus.He is also a member of several professional bodies including Nigeria Economic Summit Group amongst others.

Sacked MDs and Executive Directors of the Five banks

Banks Officers

Oceanic Bank        Managing Director
Cecilia Ibru

Executive Directors
Francis Okumagba
Charles  Mekwunye
Duate Iyabi
Kola Ayeye,
Oti  Ikomi
Ololade Ogunlusi
Akinpelu Asalu

FinBank Plc             Managing Director/CEO
Okey Nwosu

Executive Directors:
Dayo Famoroti
Charles Onukwugha
Danburam Abubakar Nuhu
Ocholi Kadiri Danjuma
Oliver Alawuba

Union Bank Nigeria Plc     Managing Director/ Chief Executive.
Dr. Barth B. Ebong
Executive Director
Ado Abdullahi
K.S. Adeyemi
S.I. Ayininuola
E.U. Emeruem
A.E Esangbedo
W.C.O. Mbah
Austen Obigwe

Intercontinental Bank    Managing Director/Chief  Executive Officer
Erastus Akingbola

Executive Director
Joseph Ajibola
Simon Aranonu
Isyaku Umar
Akin Ajayi
Olayinka Adebiyi

Afribank Nigeria        Managing Director/Chief  Executive Officer
Sebastian Adigwe

Executive Directors:
Alh. Isa Zailani
Mr. Jibrin Isah
Mr. Chinedu Onyia
Mr. Henry Arogundade
Mr Abbas Jega

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