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11 powerful women heading banks in Nigeria

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Historically, the Nigerian banking sector is male-dominated, just like several other professional spheres, with women only left to scramble for lower management positions.

This gender bias constituted a worrying glass ceiling that has, over the years, stifled the growth of the female gender in the banking sector.

However, recent trends have shown that women have broken through the barrier to claim their rightful position among their male counterparts.

On Tuesday, March 19, 2024, Zenith Bank announced Dr Adaora Umeoji as its new and first female Chief Executive Officer (CEO).

Umeoji’s appointment was greeted with pomp and pageantry by many Nigerians, particularly staff and stakeholders of the bank.

Amid this development, Pulse presents to you a list of women who are heading banks in Nigeria.

1. Zenith Bank – Adaora Umeoji

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

Subject to the approval by the Central Bank of Nigeria (CBN), Umeoji will step into the role of the Group Managing Director/Chief Executive of Zenith on June 1, 2024. The accomplished banker with sectoral experience spanning three decades will take over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024.

Umeoji reached the zenith of her career, having climbed the corporate ladder with great dedication and zeal.

She has been with Zenith Bank for 26 years and has held the position of Deputy Managing Director of the bank since October 28, 2016, until her latest appointments.

2. GTBank – Olusanya Miriam

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

In comes another banking Amazon, whose panache and tenacity shunted her to the top of her career. Miriam is the Managing Director of Guaranty Trust Bank (Nigeria) Limited, a subsidiary of Guaranty Trust Holding Company Plc (GTCO), a position she assumed in July 2021.

She rose from an Executive Trainee at the bank in 1998 to the upper echelon, with experience that cuts across Asset and Liability Management, Financial Markets, Corporate Finance, Investment Banking, Investor Relations and Transaction Services.

3. Fidelity Bank – Nneka Onyeali-Ikpe

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

After playing an integral role in the bank’s transformation over six years, Onyeali-Ikpe assumed the office as Managing Director/CEO at Fidelity Bank on January 1, 2021.

Before her appointment, she was the Executive Director of Lagos and South West, overseeing the bank’s business in the six states that make up the South West region.

Onyeali-Ikpe is a consummate professional with over 30 years of experience, cutting her teeth at various banks, including Standard Chartered Bank, Zenith Bank and Citizens International Bank, where she held several management positions.

4. Union Bank – Yetunde Oni

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

On January 10, 2024, the CBN announced the appointment of Oni as the new Managing Director/Chief Operating Officer of Union Bank plc, following an earlier dissolution of the bank’s Board and Management.

The University of Ibadan graduate of Economics comes to the job with over three decades of experience across various banks in Nigeria and abroad.

Oni holds the bragging right of being the first female CEO of the Standard Chartered Bank in Sierra Leone, a position she took in January 2021 until the CBN appointment.

5. Access Holdings – Bolaji Agbede

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

Agbede stepped in as the Acting Group Chief Executive Officer of Access Holdings Plc following the demise of Herbert Wigwe in a tragic helicopter crash in the United States.

She is a versatile professional with over 27 years of cognate experience in Human Resources management, customer relationship management and banking operations.

Agbede’s banking journey started at GTBank in 1992, where she joined as an Executive Trainee.

However, she rose through the ranks, serving in various capacities, including Relationship Manager and Vault Custodian, before eventually joining Access Bank in 2003 as an Assistant General Manager.

6. FCMB – Yemisi Edun

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

Edun was appointed Managing Director/Chief Executive Officer of the First City Monument Bank (FCMB) in July 2021, becoming the first woman ever to hold the position.

She joined FCMB in 2000 as Divisional Head of Internal Audit and Control before assuming the role of Chief Financial Officer of the Bank.

Before her banking sojourn, Edun’s career took off at the Akintola Williams Deloitte (member firm of Deloitte Touche Tohmatsu) in 1987, where she worked on corporate finance activities and audit of banks and other financial institutions.

7. Unity Bank – Tomi Somefun

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

Somefun is one of the trailblazers and pacesetters for women in the banking sector, climbing to become the Managing Director/CEO of Unity Bank Plc in 2015.

Before her appointment, she was the Executive Director overseeing the Lagos and South-West Business Directorates, the Financial Institution Division and the bank’s Treasury Department.

Somefun boasts 35 years of professional career, over 26 years of which were in the banking sector.

8. Citibank – Ireti Samuel-Ogbu

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

After 26 years of operating in Africa’s largest economy, Citigroup Inc. appointed Samuel-Ogbu as its first female Country Officer for Nigeria in August 2020.

She is currently the CEO & Country Officer for Nigeria and Ghana at Citibank/Citigroup Inc.

Samuel-Ogbu was the Europe, Middle East and Africa (EMEA) Head of Payments and Receivables, Treasury and Trade Solutions (TTS) under Citi’s Institutional Clients Group (ICG) based in London, UK, before she was appointed MD/CEO.

9. Suntrust Bank – Halima Buba

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

A seasoned banker with over 22 years of cognate experience obtained from working in various banks, Buba is currently the Managing Director/Chief Executive Officer of SunTrust Bank Nigeria Limited.

Before assuming the position in January 2021, Halima was a co-founder and former Executive Director of Taj Consortium, an organisation of young, dynamic technocrats and financial advisory experts.

10. Lotus Bank – Kafilat Araoye

11 powerful women heading banks in Nigeria
11 powerful women heading banks in Nigeria

Kafilat is reputed as a banker with long and diverse work experience in various leadership positions in the industry, with emphasis on International and Domestic Operations, Payments, General Management, Business Development, Risk Management, Human Resources and Strategy.

Having left as the General Manager of GTBank in 2015, after a spell that started in 1990, Kafilat was appointed the MD Designate for LOTUS Bank in 2018.

Since then, she has been steering the bank’s affairs, deploying her over 25 years of expertise to stimulate growth and maintain stability.

11. FSDH Merchant Bank – Bukola Smith

Smith became the Managing Director/Chief Executive Officer of FSDH Merchant Bank in April 2021, bringing with her over 25 years of progressive experience in the banking industry with a track record of strategic execution and leadership.

Business

31 electricity towers affected as vandals destroy transmission lines in Edo communities

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The Transmission Company of Nigeria (TCN) says vandals in Benin, Edo state, have destroyed 31 transmission towers.

In a statement on Friday, Ndidi Mbah, TCN’s director of public affairs, confirmed that vandals attacked transmission towers in Okada and Ofosu communities along the 330kV Benin-Egbin and Benin-Omotosho transmission lines.

Mbah said the vandalised towers, which suffered significant damage with critical components removed earlier in November, were discovered by TCN linesmen during a routine patrol.

“A total of 31 towers were affected in this incident,” she said.

“TCN engineers from the Benin Sub-Region have initiated repairs to prevent the collapse of the affected towers and to avoid disruption of bulk power supply.”

‘AHOADA-YENAGOA LINE UNDER REPAIR TARGETED BY VANDALS’

Mbah also said its Ahoada-Yenagoa 132kV line, which was under repair following a previous attack, was once again targeted by vandals.

The TCN spokesperson confirmed that the attack, which occurred on November 19, affected towers 29 to 31 and resulted in the theft of approximately one-third of the conductor.

On August 14, TCN announced that Bayelsa state would face a prolonged power outage following the destruction of 13 transmission towers along the Ahoada-Yenagoa 132kV double circuit transmission line by vandals.

The transmission company, on October 29, reported that 65 percent of the damaged transmission towers had been repaired.

The company said 17 transmission towers had been successfully erected, with work continuing on the remaining three.

“A team of TCN engineers, led by Engr. Emmanuel Akpa, General Manager of the Port Harcourt Region, has conducted an inspection of the site,” the statement reads.

“Preliminary findings indicate that the incident occurred at night. In an attempt to prevent further theft while repair arrangements are being made, local security has been engaged at Ula Ikata in Ahoada East LGA to secure the site until repairs are completed.

“Additionally, the line will be energized from the Ahoada end as a preventive measure.”

Mbah added that efforts are underway to replace the stolen 250mm conductor.

Despite challenges posed by difficult terrain and flooding, she said the restringing of the Ahoada-Yenagoa 132kV line is approximately 85 percent complete.

The public relations officer stressed that the incidents underscore the urgent need to address the growing problem of vandalism and theft, which continue to affect Nigeria’s power infrastructure.

She urged the public to support efforts to tackle such criminal acts, which have hindered the expansion and stability of the national grid.

Mbah also called on security operatives and local communities to remain vigilant in protecting power infrastructure in their areas as TCN intensifies its efforts to safeguard its installations.

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Business

NCAA issues aerodrome certification for Lagos, Abuja international airports

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The Nigeria Civil Aviation Authority (NCAA) has issued Aerodrome Certification for Murtala Muhammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja.

This recertification is a significant achievement, highlighting the ongoing improvements in the safety standards of Nigeria’s international airports.

The announcement was conveyed via a post on the official X (formerly Twitter) account of the Federal Airports Authority of Nigeria (FAAN) on Friday.

The Aerodrome Certificates were formally presented to the Managing Director/Chief Executive of FAAN, Mrs. Olubunmi Kuku, by the Acting Director General of the NCAA, Capt. Chris Najomo.

“@NigeriaCAA just issued Aerodrome Certification for the Murtala Muhammed International Airport Lagos and the Nnamdi Azikiwe Airport Abuja. The recertification is a major boost and attestation to the continued improvements of the safety standard of our Airports,” the tweet read in part.

The certification confirms that Lagos and Abuja airports adhere to the strict safety, operational, and technical standards of the International Civil Aviation Organization (ICAO). This milestone is anticipated to enhance trust among domestic and international airlines, strengthening Nigeria’s standing in global aviation.

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Lagos state government plans traffic diversion in Ikeja for 10km Capital City Race today

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The Lagos State Government has announced plans for a traffic diversion to accommodate the 10km Capital City Race scheduled for Saturday, November 23, 2024.

The race, which runs between 5:00 AM and 11:00 AM, will affect several major roads in the Ikeja axis, requiring motorists to explore alternative routes during the event.

A statement published on the official X (formerly Twitter) account of the Lagos State Commissioner for Transportation, Oluwaseun Osiyemi, on Friday, highlighted the affected routes.

These include Shoprite Alausa, Billings Way, Kudirat Abiola Way, Opebi Link Bridge, Allen Avenue, Adeniyi Jones, and Oba Akran Avenue.

The race will conclude at the Police College Sports Secretariat/Gym. Junctions and intersections along these roads will be temporarily blocked and manned by officials from the Lagos State Traffic Management Authority (LASTMA), the Nigeria Police Force (NPF), the Federal Road Safety Corps (FRSC), and the Lagos State Neighborhood Corps (LSNC) to ensure a smooth event.

“The Lagos State Government has announced that traffic will be diverted to accommodate the maiden edition of the 10-kilometer Capital City Race between 5:00 am and 11.00 am tomorrow Saturday,  23rd November,  2024. 

“To this end, the following route starting from; Shoprite Alausa Ikeja inwards Billings Way to Kudirat Abiola Way, Opebi Link Bridge, Opebi Glo Tower inward Allen Avenue, Allen Junction, GTBank on Adeniyi Jones,  AP Filling Station on Oba Akran Avenue, Samsung Authorized Service Centre to Police College Sports Secretariat/Gym will be partially closed off to vehicular movement. 

“Consequently, all junctions and intersections from Shoprite Alausa Ikeja to the destination (Police College Sports Secretariat/Gym) will be blocked with barriers, manned by LASTMA, NPF, FRSC, and LSNC to prevent other road users access to the main race corridor,” the statement read in part.

The Lagos State Commissioner for Transportation urged motorists to remain patient as the road closures are part of the traffic management plan for the event. He added that intersections will be intermittently reopened as the race progresses to minimize inconvenience for road users.

Motorists are advised to plan their movements accordingly and cooperate with traffic officials to ensure the success of the inaugural Capital City Race.

In addition to the planned traffic diversion in Ikeja for the 10km Capital City Race, other traffic diversions are currently in effect across Lagos to accommodate critical infrastructure projects.

The Lagos State Government recently announced a 15-month traffic diversion at Mile 2, which began on November 11, 2024, to facilitate the construction of the new Transport Interchange Terminal. This project aims to integrate rail, bus, water, and non-motorized transport, addressing the city’s growing transportation needs.

The diversion affects Loop 1 on the Apapa-bound lane and Loop 4 on the Badagry-bound lane and will last until February 16, 2026. Motorists are advised to use alternative routes, such as Akinwande Road for Badagry-bound traffic and Durban Road for Apapa-bound traffic, to ease congestion.

Additionally, a three-month traffic diversion on the Marine Bridge, outbound Apapa, commenced on Monday, November 18, 2024. This diversion, set to run until February 25, 2025, is to allow for urgent asphalt repairs overseen by the Federal Ministry of Works.

Motorists heading toward Lagos Island are advised to use the Eko Bridge via Costain Roundabout, while those heading to Ijora Causeway or Iddo can navigate through Ijora 7up or other designated routes.

These diversions are part of ongoing efforts by the Lagos State Government to improve transportation infrastructure while minimizing disruption for road users.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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