VFD Group Appoints Adewumi Executive Director, Finance

By Modupe Gbadeyanka

Mr Mobolaji Adewumi has been announced as an executive director in charge of finance at VFD Group Plc.

This appointment was confirmed by the board of VFD Group, but is still subject to the approval of shareholders at the next Annual General Meeting (AGM).

It was explained that the appointment of Mr Adewunmi further underlines the ambition of VFD Group Plc to become the foremost financial solutions brand in Africa.

“We are delighted to welcome Mobolaji to the Board and we are optimistic that his extensive knowledge and experience in the financial services sector will be of considerable value and enhance stakeholders’ interest,” the company said in a statement.

As Executive Director of VFD Group, Mr Adewunmi will be leading strategic initiatives which include the firm’s regional banking project, the proposed listing of VFD Group on the Nigerian Stock Exchange (NSE), the floating of the proposed VFD Group Bond, etc and generally strengthening the board for enhanced governance.

Mr Adewunmi holds a B.Sc. in Management and Accounting from the Obafemi Awolowo University (OAU), Ile Ife and an MBA specializing in Finance from the Judge Business School, University of Cambridge.

He is a member of the Association of Chartered Certified Accountants (ACCA) with over 10 years’ post-qualification experience.

Prior to joining VFD Group Plc, he worked with the Managing Director of First Bank of Nigeria Limited. Prior to that, he was the Special Adviser to the Managing Director of ASO Savings and Loans Plc while doubling as Head of Strategy.

Mr Adewunmi is said to have deep financial services experience and expertise, having worked with regional and global leaders in the financial services sector, such as the United Bank for Africa and KPMG Nigeria.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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