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Access Bank Appoints Kumapayi, Fajobi as Directors



Access Bank Plc, one of Nigeria’s leading financial institutions, on Friday announced the appointment of Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi as Executive Director and Non-Executive Director, respectively.

The announcement, according to the bank, was after the Central Bank of Nigeria approved the two directors.

In a statement forwarded to the Nigerian Stock Exchange, the lender said Mr. Kumapayi has been the Group Chief Financial Officer of Access Bank Plc, a position he has held since 2008.

He is a highly accomplished and result-driven professional. He has over 20 years of progressive banking experience spanning across Finance, Strategy, Risk Management, and Treasury.

He joined Access Bank in 2002 as the Head of Financial Control and Credit Risk Management.

Prior to joining Access Bank, he held controller and analyst positions with First City Monument Bank Limited and Guaranty Trust Bank Plc respectively. Since joining Access Bank, he has played a significant role in the creation of the largest retail bank in Nigeria and specific corporate actions that have supported the Bank’s growth objectives and enhanced its capacity to play in key local and international markets.

While, Mrs. Fajobi is an experienced legal counsel and governance professional with a demonstrated history of working in the financial, investment and legal services industry. She is currently an Operating Director at Tengen Family Office Ltd.

She is a versatile solicitor with strong competencies in negotiation, business risk management and financial analysis who has provided support in setting up companies across different sectors, creating operational bases that have proved effective and efficient.

Mrs. Fajobi worked with International Finance Corporation from May 2014 to June 2017 as Project Lead (Nigeria) Africa Corporate Governance Programmes. She also worked as Legal Counsel at the defunct Oceanic Bank from 2006- 2010 and Access Bank Plc from 2004-2006.

Mrs. Fajobi holds an LLM Degree (Merit) from University of London (2009) with specialization in Corporate and Commercial Law and Second-Class Upper Degree from University of Lagos (1999). She is a member of the Nigerian Bar Association.

Speaking on the appointments, the Bank’s Chairman, Dr. (Mrs.) Ajoritsedere Awosika, MFR said: “We are very delighted to welcome the new appointees to the Board of Access Bank. These individuals have been chosen based on their exceptionally rich blend of professional, academic and corporate board experiences which are all relevant to the needs of our Board.

“We are strongly convinced that their skills will no doubt add significant value to our quest to become Africa’s Gateway to the World and the World’s Most Respected African Bank.”

Source: Naija News

Is a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.