TheCable

First City Monument Bank (FCMB) has announced the appointment of Oladipupo Jadesimi as its new chairman.

In a statement released on Tuesday by Olufunmilayo Adedibu, the company’s secretary, FCMB said Jadesimi’s appointment followed the approval of the Central Bank of Nigeria (CBN).

Jadesimi was first appointed a non-executive director of the bank before being nominated as chairman of the board of directors at its meeting which held on March 8.

He is the founder of Ladol Group, a variety of high value industrial free zone enterprises.

“Jadesimi who holds an Oxford M.A. (Honours) in Law and was a jurisprudence scholar at the University of Oxford, has run several businesses in the energy, finance and real estate sectors, and brings on board high-level competencies and varied experience,” the statement read.

“He also currently serves as the chairman of the board of directors of Niger Delta Exploration and Production PIG one of the largest indigenous integrated oil and gas producing companies.

“His leadership on the FCMB Group Plc board will undoubtedly have a positive impact on the Board and the FCMB Group as a whole.”

FCMB Group Plc is a holding company with subsidiaries including First City Monument Bank Limited, FCMB Capital Markets, CSL Stockbrokers Limited, CSL Trustees Limited, and FCMB Microfinance Limited.