FCMB Group Plc has announced the appointment of former Lafarge Africa CEO, Mrs. Adepeju Adebajo, as an Independent Non-Executive Director on the Board of the company.
The appointment was disclosed in a filing submitted to the Nigerian Exchange Limited on May 8, 2026.
According to the Group, the appointment is aimed at strengthening the Board and supporting its transformation and growth objectives across the organisation.
FCMB Group stated that the appointment has received approval from the Central Bank of Nigeria (CBN).
The company added that Mrs. Adebajo brings more than three decades of experience spanning industry, renewable energy, agriculture, finance, and consulting.
The Group said Mrs. Adebajo has over 30 years of professional experience across multiple sectors.
FCMB added that she has worked with clients and teams across Sub-Saharan Africa and Europe, helping organisations drive growth and impact.
The company noted that her broad leadership experience is expected to strengthen governance and strategic execution within the Group.
Mrs. Adebajo holds a Bachelor’s degree and a Master’s degree in Chemical Engineering from Imperial College London, as well as an MBA from Harvard Business School.
She currently serves as Chair of the Lagos State Employment Trust Fund and Transformation Lead at Etex Group, which includes Nigerite and Emenite Limited.
She also serves on the World Economic Forum Council on Climate and Nature Governance for the 2025–2027 term, further strengthening her profile in sustainability and corporate governance.
The appointment comes after FCMB Group successfully crossed a key regulatory milestone by raising N500 billion, enabling its banking subsidiary to meet the international banking licence capital requirement set by the Central Bank of Nigeria.
The recapitalisation places FCMB among banks that have met the apex bank’s revised capital thresholds as the industry undergoes a major restructuring phase.
The Group’s latest financial performance reflects strong earnings momentum as Nigerian banks continue to strengthen capital positions and expand operations.
