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FCMB Appoints New Directors to Bolster Corporate Governance

Two new non-executive directors have been appointed into the board of First City Monument Bank Plc (FCMB). They are Mustapha I. Damcida who is to serve as an alternate Director to Alhaji IM Damcida and Mr. Olusegun Adedeji Odubogun.

According to the Bank’s Group Head, Corporate Communications, Kenny Aliu, the new directors were appointed to further strengthen the Board in line with the bank’s corporate governance policy which also aligns with the Central Bank of Nigeria’s new regulatory framework.

“They are both tried and tested professionals of high repute and come with a wealth of experience and notable professional achievements and accomplishments” he said. Olusegun Adedeji Odubogun who is a fellow of the Association of Chartered Certified Accountants (ACCA) and Institute of Chartered Accountants of Nigeria (ICAN) started his career with Akintola Williams & Company. He later joined Deloitte West and Central Africa where he became the Chairman/Chief Executive Officer.

He is a foundation council member of Business Recovery and Insolvency Practitioners of Nigeria (BRIPAN) the Nigerian member of INSOL International, a global Association of Insolvency Practitioners, and is currently a council member of BRIPAN. He was a foundation council member of the Chartered Institute of Taxation of Nigeria (CITN) and currently Chairman of the Audit, Investigation and Forensic Accounting Faculty of the Institute of Chartered Accountants of Nigeria (ICAN). He is also a member of the Institute of Directors of Nigeria (IOD) and the Nigerian Institute of Management (NIM).

Mustapha I. Damcida is currently the Managing Director/Chief Executive Officer of several notable corporate bodies in the country including Damus International Limited, Damson Properties Limited and Damus Security Solicitors.

He is also one of the directors of Prudent Risk Advisors Limited (Insurance Brokers), and Director Partner, Basic Drill Ventures. He holds a diploma in Law and Bachelor of Science degree in Business Administration from Ahmadu Bellow University, Zaria and Robert Morris College, Pittsburgh, USA, respectively.


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