Wema Bank announces the appointment of 2 new directors.

Wema Bank Plc has announced the appointment of Prince Olusegun Adesegun and Mr. Adeyemi Adefarakan as Non-Executive Directors, with effect from July 19, 2021.

This disclosure is contained in a notification which was sent by Wema Bank to the Nigerian Exchange Group Limited (NGX), esteemed shareholders and other stakeholders, signed by the Company Secretary, Johnson Lebile.

According to the notice, the appointments of Prince Olusegun Adesegun and Adeyemi Adefarakun have both been approved by the Central Bank of Nigeria (CBN).

Directors Profile

Prince Olusegun Adesegun is a psychologist, career counsellor and consultant for high quality investment decisions. He has technical expertise in marketing, administration, supply chain logistics solutions and management both at the public and private sectors.

Segun once worked for Pyramid Products Limited, where he served as Manager in Training and rose to become the General Manager of the then Eastern Zone in 1988. He retired and engaged in private business, establishing and owning Pecol Ventures Limited – a cash crop export and paper products company where he transformed the company from a small producer to a large, world-class Agric-Export firm. He combined his private business with public service to become a two-time Commissioner for Works and Housing in Ogun State, and later served as the Deputy Governor of Ogun State between 2011 and 2015.

Segun holds a Masters’ degree in Industrial Psychology from the prestigious University of Ibadan.

On his part, Adeyemi Adefarakan is a seasoned executive with strong global investment banking, portfolio risk, asset and financial management exposure. Yemi currently serves as the Group Chief Financial Officer and an Executive Director on the board of CBSL (Continental Broadcasting Service Limited). He holds other Boards positions where he continues to create and extract shareholder value through active board engagement.

Before he joined CBSL, Yomi worked with some of London’s financial powerhouses such as; State Street Global Markets, DRW Investments, JP Morgan Chase, Deutsche Bank and HSBC Global Asset Management, where he traded both vanilla and complex instruments and risk-managed multi-billion-dollar multi asset portfolios.

He holds a B. SC (Hons) in Economics & Accountancy from the prestigious City University, London and a Masters’ degree in International Securities, Investment & Banking from the acclaimed ICMA Centre at the University of Reading, U.K.


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