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Nurudeen Fagbenro Retires as Executive Director, Wema Bank Plc

LAGOS, NIGERIA – June 2015 – Wema Bank Plc, (Bloomberg: WEMABANK: NL Reuters: WEMABANK: LG) announces retirement of Nurudeen Fagbenro, Executive Director, Wema Bank Plc.

Nurudeen Fagbenro graduated from the University of Lagos in 1985 with a Bachelor of Science degree in Accounting. He joined Wema Bank as an Accounting Supervisor in 1986 and rose to become the Head of Foreign Trade in 1991. He is an Alumnus of the Lagos Business School and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

Nurudeen held various strategic positions in the Bank amongst which were: Head of International Banking Division from 1996 to 2001, Chief Inspector between 2001 and 2003. He became the Deputy General Manager in 2003 and was charged with the responsibility of managing the Commercial & Telecommunications and Institutional Banking Groups.

In 2005, he became the General Manager in charge of Institutional Banking and he was called to the Board as an Executive Director in 2006.  From June 2007 to August 2011, he was responsible for the Risk Management and Control function. Consequent upon a restructuring exercise in 2011, he was moved to Business Development with responsibility for the South West Directorate, a position he held till retirement.

Nurudeen coordinated the successful integration of National Bank of Nigeria Limited into Wema Bank Plc.

His dedication and ardent belief in Wema Bank saw Nurudeen Fagbenro devote his entire working career to the Bank, through its ups and downs – an uncommon spirit, extolled by all. His immense contributions to Wema Bank from the time he was employed as a fresh graduate in 1986, are deeply appreciated by the Bank.

Wema Bank wishes Nurudeen Fagbenro all the very best in his future endeavors.

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