By Politico staff writer
FBNBank Sierra Leone has appointed Udeme O. Udoh as the new Managing Director. He succeeds Gbenga Odeyemi whose two-year period has ended.
Udoh is a graduate of Finance with a Master’s Degree in Business Administration. He takes over with a wealth of experience in banking spanning over 20 years.
Sources at the bank said he has a proven record of “competence and ground-breaking professional expertise that would certainly go a long way in serving the corporate goals of FBNBank Sierra Leone”.
He is a Fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.
His new task will include deepening and energising FBNBank’s ‘You First’ philosophy of proactively connecting with customers, creating new relations, broadening customer base with their innovative banking products, services, and technology; and instigating the market to deliver on the overall corporate goals of the bank.
“We are very pleased to have Mr. Udeme O. Udoh taking over as the new Managing Director,” says Oluniyi Robbin-Coker, the Chairman of FBNBank Sierra Leone. Speaking added: “Mr. Udeme O. Udoh is a highly motivated professional with an uncommon drive to achieve designed and set goals. He has a deep understanding of FBNBank business model and culture.
This gives me the confidence that he is the right fit and would be able to deliver on the values of the bank. His taking over the saddle of the management of the bank is like a rebirth and a regeneration for the bank. And we are all going to put our shoulders under the keel to see him raise the needed wave that would lift us all to growth and profitability.”
Udeme O. Udoh says he is “honored and excited” to have been appointed as the new Managing Director of FBNBank Sierra Leone. He said his excitement was inspired by the fact that “Sierra Leone has always been a beacon to all in sub-Sahara Africa. It was once the Athens of Africa… It’s a land of opportunities and warm and friendly people,” he said. He added “The economic outlook is positive. The knowledge of all this makes me excited to be here. And as a bank, FBNbank Sierra Leone is well-positioned to build relationships and partnerships with businesses, both small and big, and with the government in order to achieve the needed socio-economic growth for the betterment of all in Sierra Leone and Africa”.
FBNBank Sierra Leone Limited is a subsidiary of First Bank of Nigeria Limited, an FBN Holding, Plc Company, which is Nigeria’s leading financial institution in terms of total assets and gross earnings, and one of the largest corporate and retail banking financial institutions in sub-Sahara Africa (excluding South Africa).
Since its establishment in 1894, the Bank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, risk management, and strong organization, according to a source at the bank.
FirstBank provides a comprehensive range of financial services and has an international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank DR Congo, FBNBank Ghana, FBNBank Gambia, FBNBank Guinea, FBNBank Sierra-Leone, and FBNBank Senegal as well as its Representative Offices in Johannesburg, Beijing, and Abu Dhabi.
FirstBank is the recipient of many awards. It has been named “The Best Bank Brand in Nigeria” five consecutive times – 2011 to 2015 – by the globally renowned “The Banker Magazine” of the Financial Its Times Group. Also for three consecutive years – 2012 to 2014 – FirstBank was named the “Best Retail Bank in Nigeria” by the Asian Banker International Excellence in Retail Financial Services Awards.
Other recent awards include the “Best Bank in Nigeria” in the Euromoney Awards for Excellence, “Best Bank in West Africa” and “Most Innovative Bank in Africa” in the African Banker Awards, “Best Bank in Nigeria” in the EMEA Finance African Banking Awards for the fourth time, “Best Foreign Exchange Services in Africa” in the EMEA Finance Treasury Services Awards, “Best Banking Group in Nigeria” by World Finance Banking Awards, and “Best Financial Reporting Company” by Africa Investor.
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