#WCW 3 Of The 4 Biggest Nigerian Banks’ Chairmen Are Women


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The news of Ibukun Awosika’s appointment as the Chairman of First Bank is everywhere. The news have made many Nigerian women proud, for many reasons.

Mrs Awosika is the latest to join two other women who are now leading 3 of the 4 biggest Nigerian banks, as the chairmen of their board of directors. They are:

Osaretin Demuren – GTBank

demuren.4On March 31st, 2015, at its 25th Annual General Meeting, GTBank Plc announced Mrs. Osaretin Afusat Demuren as the 6th Chairman the bank’s Board of Directors.

She joined GTBank in April, 2013 as a Non-Executive Director. Before then, She worked at the Central Bank of Nigeria for 33 years. Roles she held at the CBN included – Director, Trade and Exchange Department and Director, Human Resources Department. She was the first female Director of the CBN.


Mosun Belo-Olusoga – Access Bank

On July 30, 2015, Access Bank Plc in a press release, announced the retirement of Mr Gbenga Oyebode as its Chairman and  appointed Mrs Mosun Belo-Olusoga as his successor.

She joined the Access Bank in November 2007 as a Non-Executive Director, and was the Chairperson of the bank’s Credit and Finance Committee and member of the Board Committees on Audit, Governance and Nomination, Risk Management and Remuneration.

Before Access Bank, she was an executive director at GTBank, and over a period was responsible for Risk Management, Corporate and Commercial Banking and Transaction Services and Settlements.


Ibukun Awosika – First Bank


On September 07, 2015, Dr. Oba Otudeko – The Group Chairman of FBN Holdings announced Ibukun Awosika as the next Chairman of First Bank of Nigeria.

Mrs Awosika’s work spans corporate and social enterprises, as well as religious institutions. She has got quite a profile as described on First Bank;s website and seen below:

“Ibukun Awosika is the founder and chairman of the Chair Centre Ltd, a market leader in the office furniture and banking security systems industries. She graduated with a BSc. in Chemistry from the University of Ife. She is an alumnus of the executive programme of Lagos Business School and the global executive MBA programme of the prestigious IESE Business School, Barcelona, Spain. She started her working career with Akintola Williams & Co. (now Deloitte) as an audit trainee during her national youth corps service. Thereafter, she worked at Alibert Nigeria Ltd, a furniture company, as showroom manager. Three and a half months after her employment, she resigned her position to set up her own furniture manufacturing company, Quebees Ltd, from which The Chair Centre Ltd later evolved.

She cofounded the Afterschool Graduate Development Centre (AGDC), a national career centre in Lagos, Nigeria, which was set up in September 2007 to address the high rates of unemployment in the country by helping Nigerian graduates’ become employable and good assets to the economy. In addition, she independently established another ultra-modern furniture facility, furniture manufacturers’ mart, in Lagos in the later part of 2006. The latest additions to her entrepreneurial exploits are the new branches of the Chair Centre Ltd in Accra (Ghana), Tinapa and Calabar (South eastern Nigeria).

Ibukun Awosika is the immediate past chairperson of the board of trustees of Women in Management and Business (WIMBIZ). She is currently the Chairperson of Intermac, the organisers of SmartCard Conferences in Nigeria and Kenya, and a director on the board of First Bank of Nigeria Plc (before becoming chairman).”

2015 has been quite the year for Nigerian women in Banking.


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