FBNBank Ghana Limited, a subsidiary of First Bank of Nigeria Limited, has announced the appointment of Mr. Kofo Majekodunmi to its Board of Directors as a Non-Executive Director and Chairman following Bank of Ghana’s approval.
Mr. Kofo Majekodunmi, currently the Managing Director of MBC Capital Limited, an issuing House and Investment Advisory Company in Nigeria, has over 30 years of experience in Banking and Financial Services industry with vast knowledge in Issuing House functions and Corporate Financial Advisory. At one time, he was the Deputy Managing Director of MBC International Bank Plc.
Thereafter, he was pioneer Executive Director of Asset Management at FBN Capital Limited. He was on the Board of Leadway Pensure PFA, a leading Pension Fund Administrator in Nigeria, a position he has held for 15 years, and from which he retired in August 2021.
Prior to his current role, he was Executive Director at MBC Securities Limited, from 2007 to 2011. At MBC, he oversaw the firm’s diversification into a suite of Non-Bank Financial Services (Advisory/Issuing House Services, Bureau De Change, Insurance Brokerage) which complements the Broker/Dealer business of MBC Securities Limited.
Mr. Majekodunmi was called to the Nigerian Bar in 1988 upon his graduation from The London School of Economics & Political Science where he obtained a degree in Law. He is a member of the Nigerian Economic Summit, the Institute of Directors and holds an MBA from the Lagos Business School (in association with the University of Navarra IESE, Spain).
Commenting on Kofo’s appointment, Chief Executive Officer of First Bank of Nigeria Limited and Subsidiaries, Dr. Adesola Adeduntan said, “Kofo’s appointment to the FBNBank Ghana Board is an indication of the First Bank Group’s commitment to support the Subsidiary in Ghana. With a strong team, we can look forward with assurance as we chart a new course in our determination to be a significant player in Ghana’s banking sector as we continue to offer the m the gold standard of value and excellence. His extensive experience makes him a great addition and we are happy to have him on the FBNBank Ghana Board.”
Kofo joins FBNBank Ghana Board after 25 years of the Bank’s operations in the country which has seen it increasingly deepen its engagement with customers and other key stakeholder-groups.
Commenting on his appointment to the FBNBank Ghana Board, Kofo said, “I am looking forward to working with the other members of the FBNBank Ghana Board to guide the process of moving the Bank into a new age of leadership in the industry in Ghana. We are well primed for success and our people have passionately embraced the challenge, having just celebrated the Bank’s 25 anniversary in Ghana last year and utilising the opportunity to deepen engagement with multiple stakeholder-groups.
“I consider this to be an opportune time to be part of the FBNBank Ghana story which is unfolding with a strong indication of growth across all the relevant metrics. This great story is developing on the back of FBNBank offering to its stakeholders improved value by putting them at the heart of what the Bank does. This is certainly an exciting time to be associated with FBNBank Ghana.”
About FBNBank Ghana
FBNBank Ghana Limited is a member of the First Bank of Nigeria Limited Group. The Bank has 22 branches and 2 agencies in Ghana with almost 500 staff and offers universal banking services to individuals and businesses.
FBNBank Ghana Limited has been in the business of banking for 26 years in Ghana and is part of the trade hub that has grown economies for over 127 years across Africa, Europe and China.