Personality in Focus
Adesola Adeduntan: Award Winning Financial Game Changer
By Eric Elezuo
Only a few persons would believe that the Managing Director of FirstBank Nigeria Plc, the indefatigable Dr. Adesola Kazeem Adeduntan is just 50 years old. He was 50 on May 7, 2019. This is as a result of the achievements that have trailed his young life. Just a few days ago, Dr. Adeduntan bagged an international award as Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom. This is even as FirstBank was named biggest mover of 2019 according to KPMG Report within the same period. It is not incorrect to say that Adeduntan is a creative achiever.
Born Adesola Kazeem Adeduntan on May 7, 1969, in Ibadan, Oyo State, the banker started his early education at Ibadan Municipal Government Primary School (IMG), Adeoyo between1975 and 1981, for his primary education before proceeding to Urban Day Grammar School, Old Ife Road, Ibadan, where he had his secondary schooling. His excellent to duties created a space for him to become the Deputy Senior Prefect in his final year in 1986.
In the same year, he was admitted to the University of Ibadan in to study Veterinary Medicine, and qualified in 1992 as a Veterinary Surgeon, a profession he hardly practiced before switching over to financial management.
Consequently, in 1994 he joined Afribank (Nig) Plc., and was posted to the Ibadan Main Branch as a graduate trainee. He spent 18 months there learning the ropes, and working in various areas of banking operations including cash management, clearing, credit risk management, and foreign operations.
Between September 1995 and May 2002 Adeduntan worked with Arthur Andersen Nigeria, rising to become manager in the firm’s financial services industry business, leveraging on the 18 months mentorship he received at Afribank. In this role, he led and managed the statutory audit of a number of leading Nigerian banks.
In August 2000, he served as an instructor at the Andersen World-Wide Induction training for new hires in Eindhoven, the Netherlands. He also served as the lead instructor for the Local Office Basic Accounting Training and Induction course in 1999. It was while he was with Arthur Andersen that qualified as a chartered accountant in 2000.
With more feathers to his cap, Adeduntan moved to the financial services industry in KPMG as a senior manager in June 2002, and served diligently till October 2004 when he bowed out. At KPMG, he co-pioneered the firms’ financial risk management advisory services. He was also a KPMG-accredited Trainer and facilitated several internal training programmes.
When he left KPMG in 2004 to study, he pursued a Master’s degree in Business Administration at the Cranfield School of Management, where he was a British Chevening Scholar. He graduated in September 2005.
Armed with yet another great feather, Adeduntan moved to Citibank Nigeria Limited in 2005 where he became the Senior Vice-President (General Manager) and Chief Financial Officer. He was saddled with the responsibility of overseeing the bank’s financial and product control functions, quality assurance and operational risk management. he was on hand to assist the bank in its recapitalisation during the banking consolidation era.
In October 2007, he called it quits with Citibank, and a month later, pitched tent with the Africa Finance Corporation, as the pioneer Chief Financial Officer and Business Manager.
His achievement at the AFC includes leading the team that secured an A3/P2 investment grade international credit rating from Moody’s Investors Service in March 2014. This made the Africa Finance Corporation the second highest-rated lending financial institution in Africa.
In July 2014, he was appointed an Executive Director/Group Chief Financial Officer of FirstBank, where he was responsible for the bank’s financial control, internal control and enhancement, business performance management, treasury and procurement functions.
On Monday January 4, 2016, Adeduntan succeeded Bisi Onasanya, and assumed duty as Managing Director of FirstBank of Nigeria Limited, and its commercial banking subsidiaries including FBN UK, FBN Ghana, FBN DRC, FBN Guinea, FBN Gambia, FBN Mortgages, FBN Senegal, FBN Sierra Leone and First Pension Custodian Limited.
He coordinated his functions so professionally that on December 7, 2016, he was awarded the 2016 Banker of The Year award by the Leadership Newspaper “For refusing to ‘go with the flow’ even when the temptation was high and the reward substantial, and for reminding his colleagues that banking is nothing without integrity”.
A man of many beneficial and influential parts, Adeduntan currently sits on the board of the Nigerian Economic Summit Group, and as a non-executive director on the boards of the Nigeria Interbank Settlement System (NIBSS), Africa Finance Corporation (AFC), FBN Bank U.K. Ltd., Universal Payments Plc., and FMDQ OTC Securities Exchange. He is also a Fellow of the Institute of Chartered Accountants of Nigeria.
In just four years at the helm of affairs at FirstBank, Adeduntan has turned the tables and rewrote banking narratives, delving into all aspects of human endeavour to see to the development of SMEs, youth entrepreneuship among many others.
In his speech at the kick off of FirstBank’s celebration of 125 years of unbroken business operations, Adeduntan hinted as follows:
“From that very modest beginning in 1894, First Bank has traversed an incredible journey of delivering impeccable financial services to its customers and supporting the building of the modern-day Nigeria and indeed, West Africa, including our early pivotal role as the monetary and fiscal policy regulator for the entire West African region,” he said.
“As a long-standing institution, which even predates Nigeria as a unified entity, FirstBank is entrenched in the nation’s development; woven into the very fabric of society, with our involvement in every stage of national growth and development.
“At the amalgamation, independence and through the seasons ever after, we have been here marching hand-in-hand with you and our dear nation. We have enabled financial, technological, industrial and societal advancements, achieving very many firsts over time.”
Adeduntan has seen to the sponsorship of prolific enterprises to guide the youths on the right path. These include the African Fashion Week which took place at the Oriental Hotel and Youth Empowerment Seminar at the Harbour Point Event Centre. These shows among a whole lot have a lot of testimonials following.
Adesola is married to Mrs. Adenike Adeduntan and together they have three wonderful children.
For your ability to change the game, and make positive impact in the economic advancement of Nigeria, and very many other countries, especially where FirstBank domiciles, you are our Boss of the Week.
Congratulations sir!
The Minister of Police Affairs, Senator Ibrahim, has commiserated with the family of late Navy Captain Caleb Olubolade (retd) on the death of the former military administrator.
In a condolence statement signed by the Minister himself, and made available to the National Association of Online Security News Publishers (NAOSNP), Senator Gaidam lauded the fallen soldier, saying that his contributions to nation building will not be forgotten.
Olubolade died in the early hours of Monday, May 12, 2025.
Below is the detailed message:
LETTER OF CONDOLENCE TO THE FAMILY OF THE LATE NAVY CAPTAIN CALEB OLUBOLADE (RTD)
I, the Honourable Minister of Police Affairs, Senator Ibrahim Gaidami, offer condolences to the people and government of Nigeria, especially the Olubolade family, on the death of former Minister of Police Affairs, Navy Captain Caleb Olubolade (Rtd), who died today.
The Ministry and Police community share this moment of grief and sorrow with the family, the people of the state, and the entire country. When offering condolences to a statesman, it is important to acknowledge the significance of his contributions and the impact of his passing on the nation.
We are deeply saddened by the loss of a true leader and dedicated servant to our nation. His legacy will live on through his tireless efforts and commitment to the people. This is a profound loss for our country. Captain Olubolade’s dedication to public service and his unwavering commitment to the security sector will be remembered.
Our hearts are heavy as we mourn the passing of a statesman who served with honor and integrity. May his spirit of leadership inspire generations to come.
In this time of grief, we offer our deepest condolences to the family and friends of Olukayode. His contributions to our nation will not be forgotten.
A Board Member of Lagos State Security Trust Fund (LSSTF), Dr. Ayo Ogunsan, has been honoured with membership status of the Centre for African Social and Economic Transformation (CASET), University of the West of England, United Kingdom.
The recognition is coming on the heels of Ogunsan’s indefatigable commitment and unrelenting advocacy and support for quality education across all levels.
Dr. Ogunsan’s unflinching interest in education glaringly shows in his active participation as Board Member of Center for Digital Humanities (CEDHUL) in Nigeria’s frontline university, University of Lagos; as Chairman of AKEM Foundation, a nonprofit which has provided millions of naira within two (2) years to support schools and NGOs who provide education access for free to children in underserved communities in Nigeria; and in several individual sponsorships to ensure that the future is brighter for children. His personal story of prominence polished out of adversity continues to propel him forward.
This commitment is well-captured in the letter of Jo Midgley, the Deputy Vice Chancellor and the Registrar of the University of the West of England, UK who communicated the news of the appointment to the advisory board.
The academic, Jo Midgley highlighted about Dr. Ogunsan, ‘Your extensive experience and contributions to Africa’s higher education sector through training university leaders and teaching personnel, as well as your Board Membership of the Centre for Digital Humanities at the University of Lagos, Nigeria will make you an invaluable member of our CASET’s Advisory Board.’
‘As a Board member, you will play a crucial role in shaping CASET’s strategic direction, providing high-level support and guidance on stakeholder engagement strategies and knowledge dissemination efforts, helping to foster impactful collaborations and partnerships, and ensuring that the Centre’s initiatives align with the evolving needs of Africa’s social and economic landscape’, the letter stated about the expectations for the technocrat Ogunsan.
The higher institution, University of the West of England, United Kingdom also added the reason for appointing Dr. Ayo Ogunsan as Member of the Advisory Board of our Centre for African Social and Economic Transformation (CASET). They noted that they are guided by the University’s ethos of enterprise and collaboration, thus ‘the Centre is dedicated to empowering individuals and communities in Africa through strategic partnerships and transformative education and training programmes, research, evidence-based policymaking, social and cultural engagement geared towards finding practical solutions to regional social and economic challenges.’
‘We will be honoured to have you as part of our highly respected and esteemed group of experts and thought leaders.’
Midgley added that the Advisory Board convenes annually, with meetings held virtually and occasionally in person at the University of the West of England UK or in Africa where feasible.
He noted that Ogunsan’s insights and participation would be instrumental in helping CASET to achieve its mission of fostering transformative social and economic change through capacity building, research priorities, evidence-based policy and innovation.
The Registral said that Advisory Board Members were not employees of the University including CASET adding that his term as a board member would commence in June 2025 and run for a renewable period of three years on a non-remuneration basis.
“Renewal of board membership is subject to members’ continuing support, integrity and commitment to always being a good ambassador in advancing CASET’s mission.
“We will be honoured to have you as part of our highly respected and esteemed group of experts and thought leaders.
“We also appreciate your willingness to contribute to our mission and look forward to your valuable contribution to advancing CASET’s vision for transformative change in Africa,” he said in the letter.
It was gathered that Ogunasn is a prominent figure in the education sector, his expertise spans entrepreneurs hip, security management, and education, and he is widely acknowledged for his visionary leadership and unwavering commitment to excellence.
Source: Trek Africa
Robert Francis Prevost, the first pope from the United States, has a history of missionary work in Peru but also a keen grasp of the inner workings of the Church.
The new Leo XIV, a Chicago native, was entrusted by his predecessor Francis, to head the powerful Dicastery for Bishops, charged with advising the pontiff on new bishop appointments.
The sign of confidence from Francis speaks to Prevost’s commitment as a missionary in Peru to the “peripheries” – overlooked areas far from Rome prioritised by Francis – and his reputation as a bridge-builder and moderate within the Curia.
The 69-year-old Archbishop-Bishop emeritus of Chiclayo, Peru, was made a cardinal by Francis in 2023 after being named Prefect of the Dicastery, one of the Vatican’s most important departments — and a post that introduced him to all key players in the Church.
Vatican watchers had given Prevost the highest chances among the group of US cardinals of being pope, given his pastoral bent, global view and ability to navigate the central bureaucracy.
Italian newspaper, La Repubblica, called him “the least American of the Americans” for his soft-spoken touch.
His strong grounding in canon law has also been seen as reassuring to more conservative cardinals seeking a greater focus on Theology.
Following Francis’s death, Prevost said there was “still so much to do” in the work of the Church.
“We can’t stop, we can’t turn back. We have to see how the Holy Spirit wants the Church to be today and tomorrow, because today’s world, in which the Church lives, is not the same as the world of ten or 20 years ago,” he told Vatican News last month.
“The message is always the same: proclaim Jesus Christ, proclaim the Gospel, but the way to reach today’s people, young people, the poor, politicians, is different,” he said.
Born on September 14, 1955, in Chicago, Prevost attended a Minor Seminary of the Order of St Augustine in St Louis as a novice before graduating from Philadelphia’s Villanova University, an Augustinian institution, with a degree in Mathematics.
After receiving a masters degree in divinity from Chicago’s Catholic Theological Union in 1982, and a doctorate decree in canon law in Rome, the polyglot joined the Augustinians in Peru in 1985 for the first of his decade-long missions in that country.
Returning to Chicago in 1999, he was made provincial prior of the Augustinians in the US Midwest and later the prior general of the order throughout the world.
But he returned to Peru in 2014 when Francis appointed him as apostolic administrator of the Diocese of Chiclayo in the country’s north.
Nearly a decade later, Prevost’s appointment in 2023 as head of the Dicastery came after Canadian Cardinal Marc Ouellet was accused of sexually assaulting a woman and resigned for age reasons.
The Vatican later dropped the case against Ouellet for insufficient evidence.
Prevost also serves as president of the Pontifical Commission for Latin America.
