Leadership

We are led by exceptional professionals and visionaries with invaluable industry knowledge and local market insights, combined with proven expertise in global financial markets, they are charting the course for Coronation Merchant Bank.

Our Board of Directors

Executive management

Chairman
Babatunde Folawiyo
B.Sc Economics and LLB; LLM

Mr. Folawiyo is the Managing Director of the Yinka Folawiyo Group – an organisation with interests in energy, agriculture, shipping, real estate and engineering – as well as a Director at MTN Nigeria Communications Ltd.

Over the course of his career, he has been actively involved in petroleum exploration activities under the indigenous programme of the Nigerian Petroleum Industry, and was instrumental in pioneering developmental activities in the Benin Embayment. Since 1996, he has served as Vice President of the Nigeria Association of Indigenous Petroleum Explorers and Productions (NAIPEC), an umbrella body for Indigenous Operators in the nation’s upstream sector. During the 2005 recapitalisation/consolidation of the banking industry, he led Marina International Bank Ltd into a successful merger with Access Bank Plc, and served on the board of the Bank until February 2016. He was also a Director at Unic Insurance Plc.

His achievements include an appointment as Honorary Consul of Barbados in Lagos, Nigeria, a position he holds to this day, and the receipt of the African Business Leadership Award in 2010. He is a member of the Bar Association of England and Wales, and the Nigerian Bar Association.

NON-EXECUTIVE DIRECTOR
Evelyn Oputu
B.Sc Business Administration

Ms. Oputu currently sits on the boards of several companies in a diverse range of sectors, including insurance, mining, medical services, manufacturing and oil and gas.

In 1982, she was headhunted to found the Treasury & Financial Services Division at International Merchant Bank, before she progressed to Senior Manager & Deputy Head of the Corporate Finance Division. Subsequently, she was made Chairman and Chief Executive at KES Products Ltd. She also served as Executive Director at First Bank Nigeria Plc, where she was responsible for the Corporate Development Division and the Corporate Finance & International Division. From 2005 to 2014, she was the MD/CEO of Bank of Industry Ltd. (BOI).

Her achievements include an appointment as a member of the National Directorate of Employment in 1987 and appointment as Chairman of the Committee of the Financial Management of Aviation Parastatals in 2000.

Board member
Adamu Mahmoud Atta
BA. International Relations/International Economics; MA. Development Economics; Masters Political Science

Mr. Atta founded and heads the consultancy, Matad Group Nigeria Limited (“Matad”), and through this, he has gained over twenty years’ experience consulting for various businesses in areas such as socio-economic and feasibility studies, analysis and diagnostic reviews. Under his leadership, Matad continues to evolve, having provided consulting services funded by the World Bank, African Development Bank, Department for International Developments, and the United Nations Development Programme, amongst others.
 
Mr. Atta has experience serving on the boards of various companies, including WAPIC Insurance Plc, Access Investment & Securities Limited, Inter Foods Limited, Workwell Engineering & Tractor Nigeria Limited and Supertex, amongst others. He has also been appointed onto various committees by the Federal Government of Nigeria to help coordinate systems for monitoring Oil & Gas supplies to industries and to instil transparency in the sector.

Mr. Atta has been appointed to various committees in the oil, gas and textile industries by the Federal Government, and to the Nigerian Business Forum by the President. He also played a role in the work of the Nigerian Extractive Industry Transparency Initiative (N-EITI) and was involved in the creation of the accounting model which tracks development in oil and gas industries.

NON-EXECUTIVE DIRECTOR
Olubunmi Fayokun
Bachelor of Laws (LL.B)

Admitted to the Nigerian Bar – 1985, Ms. Fayokun is a Senior Partner in the law firm of Aluko & Oyebode and heads the firm’s Capital Markets’ and M&A practice groups. Prior to joining the firm, Ms. Fayokun was the Legal Adviser/Company Secretary of Denham Management Limited.

Ms. Fayokun’s career spans over three decades during which she has represented a highly diversified clientele of top-tier indigenous, international and multinational companies in various sectors including: banking, oil and gas, FMCG, power, aviation and insurance.

Ms. Fayokun is recognised in Who’s Who Legal as one of the world’s leading lawyers in M&A, Capital Markets and Energy & Natural Resources and has consistently been ranked a Leading Lawyer in IFLR1000 – The Guide to the World’s leading Financial Law Firms. Ms. Fayokun has served on various committees established by the Securities and Exchange Commission for the purpose of promoting the development of the Nigerian capital market, including the CMC Rules and Compliance Sub-committee and the CMC Market Infrastructure Sub-committee.

Ms. Fayokun is a Council Member of the Nigerian Bar Association Section on Business Law, was a Director of the Association of Issuing Houses of Nigeria, a former Treasurer of the Capital Markets Solicitors’ Association and played a key role in the establishment of the Nigerian Association of Securities Dealers (NASD) OTC market. Ms. Fayokun was appointed to the board of Coronation Merchant Bank on 30 May, 2017 and her appointment was approved by the Central Bank of Nigeria on 1 November, 2017.

Non-Executive Director
Idaere Gogo Ogan
B.Sc. (Hons) Economics, MBA International Finance

Mr Ogan has more than 28 years’ experience across key areas of Banking, Insurance and Oil and Gas. He is the Group Chairman of Calvary Group which includes BECCA Petroleum and Gas Limited, Cordero Engineering Services Limited and Calvary Travels and Logistics Limited, a position he has held for twenty (20) years. In this role, he has gained expansive experience in Oil and Gas management, Engineering services, and Logistics.

Prior to his appointment as Chairman of the Calvary Group, he was the Head, Corporate Bank Pharmaceutical Group at Guaranty Trust Bank PLC.

Mr. Ogan sits on the Board of several companies as Director and Chairman. Currently, he is the Chairman, Board of Directors of United Securities Limited (USL); Director in Marina Securities Limited and Eastern Bulkcem Company Limited (Eagle Cement) and a ranking member of Access Bank Plc Shareholders’ Audit Committee,

He is a member, Institute of Directors of Nigeria which is an affiliate of Institute of Directors United Kingdom.

Mr. Ogan was appointed to the board of Coronation Merchant Bank on 21 July, 2017 and his appointment was approved by the Central Bank of Nigeria on 1 November 201John Does

Board member
Larry Ettah
B.Sc Industrial Chemistry; MBA, GSB

Mr. Ettah is the Group Managing Director/Chief Executive Officer of UAC of Nigeria Plc. (UACN) and is Chairman of the following publicly quoted companies: UAC Property Development Company Plc (UPDC), Chemical & Allied Products Plc (CAP), Portland Paints & Products Nigeria Plc and Livestock Feeds Plc.

He began his career as a Management Trainee at UACN in 1988 and was promoted to the board of UACN in 2004. Prior to this promotion, he held several senior management positions within the company, including Executive Director, and Human Resources and Divisional Managing Director of the Mr Bigg’s Division of UAC.

Some of his numerous achievements include an appointment as the first Vice President of the Nigeria Employers’ Consultative Association (NECA), as well as Vice President (Multinationals) of Manufacturers Association of Nigeria (MAN). In addition, he is a Council Member of the Lagos Chamber of Commerce & Industry (LCCI).

Non-Executive Director
Kayode Akindele
BA Hons Degree in Philosophy, Politics, and Economics

Kayode graduated with a BA Hons Degree in Philosophy, Politics, and Economics from the University of Oxford in 2001. He worked first at PricewaterhouseCoopers (PwC) in London as an Audit & Assurance Associate in the Banking & Capital Markets division and then at Lloyds Banking Group as a Manager/Associate Director in the Risk Solutions Team within the Financial Markets Division.

In 2006, he assumed the role of Vice President/Assistant General Manager in UBA Global Markets (now United Capital) in Lagos initially to head the Sales & Structuring Team then heading the Capital Markets, M&A and Structuring teams. As a Co-Founder and Partner in TIA Capital, a pan-African focused investment firm, a credit fund was successfully raised and invested under the UK FCA regulated 46 Parallels brand which was a joint venture with a UK based family office. Since 2015 TIA Capital has invested over $500m in the Sub-Saharan African region as a sub-advisor to a large global multi-strategy fund as well as advising other clients on their investments in the region. From May to June 2015, he served as a Technical Assistant/Subject Matter Expert in Economy & Finance Sub- Committee of President Muhammadu Buhari’s for the Presidential Transition Committee.

Managing Director/Chief Executive Officer
Banjo Adegbohungbe
BSc. Mechanical Engineering, MBA

Banjo has over 25 years banking experience in operations, technology and product management spanning international trade, foreign and local payments, foreign exchange, fixed income, money markets and loans.​

He spent 14 years in Citibank Nigeria (formerly Nigeria International Bank Ltd) in various functions including technology, business process improvement and trade operations, rising to become the Head, Trade Operations in 2005 prior to joining Access Bank in March 2007. He was at various times group head, Global Trade, group head, Global Payments and group head, Corporate Operations before joining Coronation Merchant Bank in July 2018.​

As MD/CEO at Coronation Merchant Bank, he is responsible for the strategic direction for the back office, technology and electronic/digital channels for the group

Paul Abiagam
DEPUTY Managing Director
Paul Abiagam
B.Sc. Botany, MBA. Management

Paul became an honorary senior member of the Chartered Institute of Bankers of Nigeria in 2011 and a Fellow of the Chartered Institute of Management Accountants of the United Kingdom in 2018. He is a member of the American Institute of Certified Public Accountants 2018 (AICPA) and a member of Institute of Directors, Nigeria in 2022. He is an alumnus of the prestigious Lagos Business School. 

He started his banking career at Diamond Bank Plc as an Executive Trainee in 1998 and became ab Assistant Manager before joining GTBank in 2005 as a Deputy Manager & Branch Head, Commercial Banking Group. He rose to the level of General Manager and Divisional Head, Commercial Banking in 2018 before his appointment as the Divisional Head, Corporate Banking, Lagos Island, in 2019. In January 2022, he was appointed as the pioneer Managing Director/CEO of Guaranty Trust Pension Managers Ltd. He was a Non-Executive Director of Guaranty Trust Bank, Cote D’Ivoire between June 2018 and March 2023.

Executive Director/Executive Compliance Officer
Funke Feyisetan-Ladimeji
BSc. Economics; MSc. Globalisation

Funke has over 30 years’ experience in banking and finance. She has managed a variety of Banking businesses across Markets and Corporate Finance Businesses, across multiple jurisdictions in EMEA (Europe, Middle East and Africa), North America and Asia, and across multiple functional areas, including Financial Control, Complex Product Accounting, Technology, Business Operations and Human Capital.

She spent 14 years in JP Morgan Chase where she was the Executive Director/COO with global responsibilities in managing businesses and leading the development of an African investment bank. Prior to joining Coronation Merchant Bank, she was the Executive Director and Chief Operating Officer at FBNQuest Merchant Bank Group where she oversaw a period of radical revolution that grew the balance sheet and massively increased revenues with two key acquisitions and evolution in technology and business culture.

Funke is a Fellow of the Institute of Chartered Accountants of England & Wales and holds a Master’s degree in Globalisation and a Bachelor’s degree in Economics from Queen Mary and Brunel Universities respectively.

As Executive Director/Executive Compliance Officer at Coronation Merchant Bank, she is responsible for the management of Compliance, Information Technology, Centralised Operations, Customer Service, Administration and Global Trade.

Saheed Alamutu
Chief Risk Officer
Saheed Alamutu
BSc. Chemistry MSc. Financial Services, Risk & Operation

The Chief Risk Officer (CRO), Saheed Alamutu is a thoroughbred governance, risk, and compliance (GRC) professional with over two decades of strategic insight, experience, and excellence in the establishment and management of enterprise risk to optimize opportunities in pursuit of organization objective. In his role as the CRO, he oversees the risk management function in Coronation Merchant Bank, ensuring that material risk exposures of the organization are managed within the Board approved risk appetite.

He is certified by professional institutions across Africa, Europe, and the Americas – a Fellow of the Chartered Bankers Institute in Nigeria, Chartered Banker (Scotland), Member of Chartered Securities and Investment (MCSI), and Professional Member, Institute of Operational Risk (PIOR) in the United Kingdom and a Certified Information Security Manager, CISM (ISACA). He holds a bachelor’s degree in Industrial Chemistry from the University of Ibadan, Ibadan, and a master’s degree in Financial Services, Risk & Operation from Glasgow, United Kingdom.

In his previous roles, he has been able to promote risk management and control culture from a mere compliance function to a strategic enabler of organizational goals. Before joining Coronation Merchant Bank in 2023, he was appointed the Chief Risk Officer of Parallex Bank Limited where he set up the risk management structure and developed an effective risk management framework and policies. He has attended several local and international trainings and conferences.

GH LEGAL SERVICES & ADMINISTRATION
Stanley Ubani
LLB; BL; MBA

Mr. Stanley Ubani graduated with a Second-Class Upper in Law from Abia State University in 1996 and a Second-Class Upper from the Nigeria Law School in 1997. He was called to the Nigerian Bar in 1998. He is a Chartered Secretary and Administrator, a holder of a postgraduate Diploma in International Dispute Resolution and an LL.M Degree in International Commercial Law from the University of London. He is also an Alumni of Lagos Business School and a member of the Executive Committee of the Association of Banks Company Secretary and Legal Adviser (ABLACS).

 

Stanley has over 20 years of banking industry experience with core competencies in Legal Advisory, Dispute Management, Credit Documentation and Control, Insolvency Practice, Company Secretarial Services and Corporate Governance. He was the Head, Legal Services Division in Keystone Bank Limited for about seven years before his appointment as the Company Secretary/Legal Adviser of Coronation Merchant Bank Limited.

Ademola Adekoya
Divisional Head, Corporate and Investment Banking
Ademola Adekoya
B.Sc. Estate Management

Mr. Adekoya is an experienced banker whose core banking experience has covered financial and business advisory, wealth management, corporate finance, and credit and marketing. As the Divisional Head, Corporate and Investment Banking at Coronation Merchant Bank, he is responsible for the development of marketing and sales strategies, as well as products and services for the Division; originating and managing the bank’s relationships within the corporate market.

Mr. Adekoya began his banking career in August 2002 at Guaranty Trust Bank Plc (GTB) as an Executive Trainee in the Energy Unit of the Credit and Marketing Group. Prior to joining GTB, he worked as Head of Property Management at Leke Sanni & Associates. In May 2003, Mr. Adekoya joined Access Bank Plc as Senior Banking Officer, Global Financial Markets. He joined Coronation Merchant Bank in August 2015 as Assistant General Manager of Corporate Banking.

His achievements include participating in quasi-equity for Access Bank via long term convertible debenture, which is the first of such investment in a Nigerian Bank by a development finance institution. He also participated in promoting Gender Empowerment at Access Bank, by raising funds from the International Finance Corporation.

Arini Awotunde
Chief Financial Officer
Arini Awotunde
MBA. Finance, MSc. Finance

Arini is an experienced financial controller with about two decades of professional experience in Corporate and Investment Banking. He has both local and international banking experience. He is an alumnus of Citibank, a leading global bank. As the Chief Financial Officer at Coronation Merchant Bank, his responsibilities include directing the fiscal functions of the Bank; overseeing the preparation of its budget and implementation; anticipating and controlling financial risks; and ensuring the development and implementation of accounting policies and procedures, by leading practices and standards.

He started his career in the trade operations of Citi before joining the Finance department of the bank. His Finance experience in Citibank covered CBN regulatory reporting, balance sheet management and control, expense management reporting, and rendition of all the monthly corporate reports to the U.S office of Citibank in line with the American’s generally accepted accounting principle. He was also the control lead for Sub-Saharan Africa, Citi U.S Corporate and Regulatory Reporting, and Sheet Management and Control. He rose to the rank of Financial Controller and also Deputized as Chief Finance Officer. In this role, he was responsible for initiating, monitoring, and reporting on Citibank Nigeria’s finance control process. In November 2023, he joined Coronation Merchant Bank as the Chief Financial Officer.

Arini is a fellow of the Chartered Institute of Bankers of Nigeria, a fellow of the Institute of Chartered Accountants of Nigeria, and an associate of the Chartered Institute of Taxation of Nigeria. He is skilled in Banking, Accounting and Finance, International Financial Reporting Standard (IFRS), U.S Corporate reporting, and the American Financial Accounting Standards, Equities and Capital Markets. He holds both an MBA and M.Sc in Finance. Arini also has a lot of certifications and international training to his credit.

Adeola Awe
Acting Chief Audit Executive
Adeola Awe
BSc, Management & Accounting MBA, Financial Management

Adeola is the Chief Audit Executive with over 20 years of banking experience which cuts across Finance, Trade Services, Domestic Operations, Clearing, Internal Control, and Internal Audit. She provides independent assurance to the Board of Directors (through the Board Audit Committee) and Senior Management on the quality and effectiveness of the Bank’s internal control, risk management, governance systems, and processes.

In September 2006, Adeola joined Guaranty Trust Bank (now GTCO) as a Banking Officer, where she worked for 12 years and rose to the level of Group Head, Internal Audit. She joined Coronation Merchant Bank as the Head of the Internal Control Department in 2018.

She obtained a bachelor’s degree in Management and Accounting and an MBA in Financial Management. Adeola is a fellow of the Institute of Chartered Accountants of Nigeria, a Chartered Risk Manager and a member of the Institute of Internal Auditors.

Head, Private Banking
Chidinma Akanle
BSc. Mass Communication

Chidinma Akanle heads Coronation Private Banking, crafting and implementing a client value proposition tailored to Ultra High Net-Worth (UHNW) and High Net-Worth (HNW) individuals. She collaborates closely with stakeholders and partners to deliver a comprehensive wealth management experience, encompassing investment advisory, lifestyle solutions, and more. This integrated approach drives both client satisfaction and growth for the bank.

A seasoned banker with over 16 years of experience, Chidinma has navigated various roles across private banking, retail banking, and business development within strategic units. Her career began in 2006 at Ecobank’s Retail Banking division, where she honed her skills in relationship management, product development, and management for UHNW and HNW clients. This foundation prepared her for a diverse career across institutions such as Diamond Bank PLC, United Bank of Africa PLC, Heritage Bank, and Stanbic IBTC.

Most recently, Chidinma served as Head of Executive Banking, Nigeria, and Segment Head of Silver Banking, Nigeria, at Stanbic IBTC PLC. Chidinma holds a bachelor’s degree in mass communication from the University of Nigeria, Nsukka, and has actively participated in local and international conferences and training courses to further her expertise.

Chief Economist and Head, Economic Research/ Intelligence
Chinwe Egwim
BA Economics Kwame Nkrumah University, Kumasi Ghana MA Financial Economics Kingston University London

Chinwe Egwim is an Executive-level Economist with experience in macro, financial, development, gender and behavioral economics. She is currently the Chief Economist and Head, Economic Research/ Intelligence at Coronation Merchant Bank. Prior to joining Coronation Merchant Bank, she worked at FBNQuest Merchant Bank, FBN Capital, Fitch Ratings Milan and the Central Bank of Nigeria. She holds a master’s degree in Financial Economics from Kingston University London, a BSc in Economics from Kwame Nkrumah University Kumasi Ghana and she is an alumna of the European School of Economics.

Her diverse corporate experience includes short and long-term forecasting, strategic planning, and market outlooks. Chinwe provides valuable perspectives for corporate boards and contributes to enhancing structures that produce optimal business results. She periodically develops evidence-based research for the benefit of decision-making, as well as to tackle operational and policy issues. Her contributions have also supported high-level projects driven by the World Bank, IMF, NESG and leading female empowerment NGOs. Chinwe has been appointed as a National Consultant by the United Nations Economic Commission for Africa and UNCTAD to lead the services trade project which focused on global and regional value chain analysis for the financial services sector.

She is frequently pulled in to give expert advice on economic trends across print and visual media. Chinwe has also been appointed as an Executive Council Member of Women in Management, Business and Public Service (WIMBIZ), she is currently the Vice-Chair of Advocacy at WIMBIZ and has published papers used for gender equality advocacy. Chinwe has received several reputable recognitions and awards for her work as an Economist and an Advocate for Women Empowerment.

Chief Compliance Officer (CCO)
Ibrahim Bello
B.Sc. Accounting, FCA, MBA

As Head of Compliance at Coronation Merchant Bank, Mr. Bello’s responsibilities include the provision of operational and advisory support in the development and implementation of all compliance strategies and concerns. He is also charged with establishing strong compliance standards in accordance with industry and global best practices, and acting as a liaison between the Bank and all regulatory bodies.

He has gained over a decade’s experience in financial control, fund management, relationship management, compliance and risk management. He commenced his career at Saro Agro Sciences Limited in 2004 as an Accountant, and then progressed to the role of Financial Controller at Stanbic IBTC Pension Managers Ltd., gaining a mass of expertise in risk and compliance, stockbroking, and fund management, in a variety of positions. In 2009, he became the Head of the Relationship Management Desk for Foreign Stockbroking clients. Before he joined Coronation Merchant Bank, he served as a Compliance Manager at Citibank Nigeria.

He has an MBA from Warwick Business School and is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), as well as an Associate Certified Anti-Money Laundering Specialist (ACAMS).

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Board member
Babatunde Dabiri
B.Sc Economics; MBA

Mr. Dabiri is a retired Banking CEO who is now a member of numerous boards – he is a Director at Academy Press Plc and Mutual Benefits Assurance Plc, and Chairman at Lawson Thomas and Colleagues Ltd. He sits on the board of the University of Lagos Holding Company Ltd and on the Advancement Board of the University of Ibadan. He is also a Board Member of LEAP Africa, an organisation committed to developing dynamic, innovative and principled youth leaders.
 
Mr. Dabiri’s career spanned over three decades, during which he worked at various financial institutions such as Prime Merchant Bank, Continental Merchant Bank, and Fountain Trust Merchant Bank Ltd. He served in various leadership positions over the course of his career, and eventually became the first GMD/CEO of Sterling Bank from January 2006 to February 2008, until he retired from banking. Since retirement, he has been involved in several businesses in various economic sectors.
 
Some of his achievements include being the founding Chairman of Lagos State Pensions Commission (LASPEC), a position he held for 6 years. Between 2003 and 2005, he was the Alumni President of the Lagos Business School, and from 2004 to 2007, National President of the Igbobi College Old Boys Association (ICOBA). He served on the Governing Council of the Lagos State University for 8 years and has been on the Corona Schools Trust Council for 20 years.