News Update
CHAIRMAN
Biodun is a First Class Accounting graduate and a chartered accountant with banking experience that spans information technology, banking operations, audit, risk management, financial control, credit and marketing as well as treasury. He is a member of the Chartered Institute of Stockbrokers of Nigeria. He is also an alumnus of Harvard Business School, Boston USA. He worked for Nigeria International Bank Limited (the Nigerian subsidiary of Citibank N.A. also known as Citibank Nigeria), and subsequently for Ecobank Nigeria Plc. and Citizens International Bank Limited, where he set up the internal control units of both organizations. He also worked at FSB International Bank Limited, where he reorganized the Treasury Department. He joined First City Monument Bank Plc (“FCMB”) in July 1993 as Head, Treasury Department, a position he successfully held and managed for six years before moving to the Corporate Banking Group in 1999. He was appointed to the bank’s board in 2002. The following year, he took over the management of Operations and Support Division (including banking operations, information technology, risk management and financial control) of the bank, a position he held till he resigned in December 2004. In January 2005, he took up a consultancy/executive director position in the bank, for six months terminating August 2005. Thereafter he remained on the bank’s board as a non-executive Director till 31st December 2005. He moved to FCTL on 1st August 2005 as the Managing Director and Chief Executive Officer. He is also the chairman of FCTL Leasing Company Nigeria Limited and Seed Capital Microfinance Bank Limited.
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MANAGING DIRECTOR/ CEO
Jacob graduated from University of Ife (now Obafemi Awolowo University) with Second Class Upper Division in Accounting.He is an Associate member of the Institute of Chartered Accountants of Nigeria (ICAN). He is a thoroughbred professional operations expert. He started his banking career with Central Bank of Nigeria in 1985. He joined Nigeria International Bank Limited (the Nigerian subsidiary of Citibank N.A.) in July 1987 and worked in International Operations till April 1991 when he moved to FSB International Bank PLC (“FSB”). He went to FSB, as part of the team responsible for transforming the former Federal Savings Bank to a leading commercial bank in the country. During his stay at the bank, he managed all aspects of banking operations including Branch Operations, Treasury Operations, International Operations and Branch Co-ordination. Before his voluntary resignation in November 2005, he had become the Group Head of the bank’s operations. He has attended many operations and management courses and also facilitated several banking operations training. He is Managing Director/Chief Executive Officer of FCTL Leasing Company Limited and a director of First Capital Trust Limited and Seed Capital Microfinance Bank Limited.

DIRECTOR
Olusola holds a Bachelor of Science (Second Class Upper Division) and a Master of Science Degree in Finance and Banking from the University of Lagos. He is an Associate of Institute of Chartered Accountants of Nigeria (ICAN) and an alumnus of Lagos Business School. He has attended several courses locally and abroad in areas of Strategic Management, Relationship Management, Business and Organizational Development. He has extensive working experience in banking, public service and academic spanning over twenty years. He started his banking career with Universal Trust Bank Limited as a Credit Officer. He later joined First City Monument Bank Limited where he worked for ten years gathering experience in all key areas of banking covering International Operations, Risk Management, Credit Administration, Relationship Management, Treasury and Branch Management. He was on FCMB’s Foreign Currency Trading desk for many years. His last assignment was as the pioneer Branch Manager of Victoria Island Branch of FCMB from where he joined Metropolitan Bank Limited in November 1999 to spearhead the restructure of Treasury, Marketing and Risk Asset Management functions in the bank. At Metropolitan Bank Limited he had different responsibilities at different times including leadership of the following banking functions: Public Sector, Corporate Banking, Treasury and Investment Banking incorporating Corporate Finance and Project Management and non-core banking functions such as Operations, Financial Control and Information Technology. Olusola is a keen sports enthusiast and Managing Director/Chief Executive Officer of Seed Capital Microfinance Bank Limited. He is also a director in First Capital Trust Limited and FCTL Leasing Company Nigeria Limited.

DIRECTOR
Jacob Orimoloye is an experienced banker and a lawyer. He graduated from Ahmadu Bello University over two decades ago and has since worked in several banks including the then Continental Merchant Bank, Universal Trust Bank, Citibank, Ecobank, and First City Monument Bank PLC. Jacob is currently a senior staff of Union Bank Plc. He holds a Bachelor of Science (First Class) in Business Administration and a Masters of Business Administration from Bayero University, Kano, L.L.B. from Ahmadu Bello University, Zaria, and BL from Nigerian Law School. He has attended several courses both locally and abroad in areas such as strategies, administration, business and organizational development. He is on the board of several companies

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