Mrs. Oyinkan Adewale, FCA - Independent Non-Executive Director
Mrs. Oyinkansade Adewale, FCA, a qualified chartered accountant since 1984, is a highly experienced finance expert with over 30 years’ track record as Executive Director/Chief Financial Officer in various companies and over 25 years’ experience serving on various boards in executive and non-executive capacities.
Mrs. Adewale started her professional career in 1981 at Coopers & Lybrand as a trainee accountant and left the firm in 1989 as an Audit Manager. She started her banking sector career at Citibank Nigeria in 1989 as Deputy Financial Controller and by 2002 when she left, had risen to the role of Executive Director/CFO, Citibank Nigeria, with responsibility for Finance across seven West African countries, including Nigeria.
In 2005, she co-founded SIAO, a leading indigenous accounting firm that played a key role in the banking sector consolidation under then CBN Governor, Charles Soludo; she led SIAO to win several due diligence and financial advisory mandates that subsequently led to M&A transactions.
Mrs. Adewale was the pioneer MD/COO at Renaissance Capital Africa from 2006 to 2009. From 2009 to 2011, she was the CBN-appointed Executive Director/ CFO at Oceanic Bank, where she supervised all the bank’s subsidiaries and also served as a director of some of the subsidiaries. Following the acquisition of Oceanic Bank by ETI and its merger with Ecobank Nigeria in 2012, she managed the integration and was also the ETI Group Head of MIS.
From 2012 to 2018, she was the Executive Director/Chief Financial Officer of Union Bank Nigeria Plc, where, along with her role as CFO, she oversaw the divestment of all the bank’s non-bank subsidiaries.
She has successfully led bank turnarounds and transformations, establishing world-class finance functions. She is a recipient of the Central Bank of Nigeria (CBN) Governor’s commendation for meritorious service to the banking sector.
Mrs Adewale was a member and treasurer of the board of management of St. Saviour’s School, Ikoyi, Nigeria’s prominent British curriculum school.
She holds a B. A French Honours degree from the University of Ibadan, and is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She is an alumnus of INSEAD, Harvard Business School, Fontainebleau, IMD, Lausanne and Oxford Said Business School.
Mrs Adewale teaches financial literacy and has been a guest lecturer in Ethics and Corporate Governance at the Lagos Business School.
Mrs Adewale has been a trustee of Junior Achievement Nigeria for over 25 years.
Mrs Adewale currently sits on the boards of Lafarge Africa Plc, Beta Glass Plc, FBN Quest Merchant Bank Ltd and MidWestern Oil & Gas Company Ltd as an Independent Non-Executive Director and is an Independent Investment Committee Member of Uhuru Investment Partners, a West Africa-focused Private Equity firm.
She was appointed to the Board of Lafarge Africa Plc on the 4th of June 2020.
