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 Chief of Army Staff (COAS), Lt. General Waidi Shaibu, has approved the appointment of some senior officers to top strategic command and positions, aimed to strengthen command structures and reposition the Nigerian Army for heightened operational effectiveness.
According to a statement by Army’s spokesperson, Lt.-Col. Apollonian Anele, on Thursday, the appointment cut across key command, staff and instructional positions across formations, units and training institutions of the Army.
Among the new appointees are: Major General Bamidele Alabi, who has been redeployed to Army Headquarters Department of Policy and Plans and appointed Chief of Policy and Plans (Army); Major General Jamal Abdulsalam, formerly Chief of Special Services and Programmes at Army Headquarters proceeds to Defence Headquarters Department of Operations as Chief of Defence Operations while Major General Peter Mala moves from Office of the National Security Adviser to Headquarters Training and Doctrine Command Nigerian Army (TRADOC) as Commander.
Major General Samson Jiya, from Nigerian Army Heritage and Future Centre (NAHFC) moves to Defence Headquarters Department of Defence Accounts and Budget as Chief of Defence Accounts and Budget.
Other strategic appointments include, Major General Mayirenso Saraso from NAHFC to Army Headquarters Department of Operations as Chief of Operations (Army); Major General Isa Abdullahi from Defence Headquarters to Army Headquarters Department of Administration as Chief of Administration (Army); Major General Musa Etsu-Ndagi from Army Headquarters to Department of Training to Army Headquarters Department of Civil-Military Affairs as Chief of Civil-Military Affairs. Major General Abubakar Haruna from NAHFC to Nigerian Army Training Centre (NATRAC) Kontagora as Commander and Major General Philip Ilodibia from Army Headquarters Department of Policy and Plans to Defence Space Administration as Chief of Defence Space Administration.
Others are: Major General Godwin Mutkut, from Multi-National Joint Task Force (MNJTF) N’Djamena to Headquarters Infantry Corps Centre as Corps Commander Infantry, Major General Umar Abubakar from the Ministry of Defence to Headquarters Nigerian Army Armour Corps as Commander Armour Corps, Major General John Adeyemo moves from Nigerian Army School of Artillery (NASA) to Headquarters Nigerian Army Corps of Artillery as Corps Commander Artillery and Major General Mohammed Abdullahi from Nigerian Army Cyberwarfare Command to Headquarters Nigerian Army Signals as Corps Commander Signals.
Also, Major General Taofik Sidick has been redeployed from the NAHFC to Headquarters Nigerian Army Finance Corps as Chief of Accounts and Budget (Army), Major General Abdullahi Ibrahim from NAHFC to Headquarters Nigerian Army Ordnance Corps as Corps Commander Ordnance, Major General Adeyinka Adereti from Defence Headquarters to Headquarters Nigerian Army Electrical and Mechanical Engineers as Corps Commander, Major General Nansak Shagaya from Army Headquarters Department of Operations to Headquarters Nigerian Army Corps of Supply and Transport as Corps Commander Supply and Transport while Brigadier General Yusha’u Ahmed has been appointed acting Corps Commander Education.
The COAS also approved the appointment of Major General Oluyemi Olatoye, from Headquarters 82 Division/ Joint Task Force South East Operation UDO KA to the Nigerian Defence Academy (NDA), Kaduna and appointed Commandant, Major General Emmanuel Mustapha from Defence Space Administration to Nigerian Army Signal School as Commandant, Major General Adamu Hassan from Nigerian Defence Section, Riyadh, to Nigerian Army School of Artillery as Commandant and Brigadier General John Bulus from Headquarters Nigerian Army Finance Corps to Nigerian Army School of Finance and Accounts as Commandant.
According to the statement, the senior officers appointed as field commanders includes, Major General Saidu Audu from Army Headquarters Department of Training to Multi-National Joint Task Force (MNJTF), N’Djamena, as Force Commander, Major General Warrah Idris from Defence Headquarters to Joint Task Force North West Operation FANSAN YAMMA as Commander and Major General Oluremi Fadairo from Army Headquarters Department of Civil Military Affairs to 82 Division Nigerian Army, Enugu as General Officer Commanding and Commander Joint Task Force South East Operation UDO KA.
Other appointees are Major General Olatokumbo Bello as the Director Defence Media Operations at Defence Headquarters while Brigadier General Samaila Uba was redeployed from the Armed Forces Command and Staff College Jaji to Defence Headquarters as Director Defence Information.
The CIAS charged the new appointees to bring to bear their wealth of operational experience, administrative acumen and strategic foresight in driving a disciplined and combat-ready Army to decisively confront the contemporary and emerging security challenges.
He urged them to sustain the current operational momentum, strengthen interagency collaboration and remain unwavering in upholding the Nigerian Army’s core ethos of loyalty, selfless service, integrity and excellence.
Former Director General of the National Council for Arts and Culture (NCAC) and the Nigerian Tourism Development Authority (NTDA), Otunba Segun Runsewe, has bagged the award of Pillar of Nigerian Culture and Tourism.
The award was conferred on him by the Association of Nigerian Journalists and Writers of Tourism (ANJET), the umbrella body for Nigerian travel press, on Thursday, October 23 at a colourful ceremony held at the prestigious Sheraton Lagos Hotel and Towers.
He was among some distinguished Nigerians from public and private sectors, including the former Nigerian Minister of Tourism and Culture, Ambassador Frank Ogbuewu, who were honoured for their contributions to the growth and development of Nigerian tourism.
Other distinguished Nigerians conferred with awards were: Otunba Wanle Akinboboye (Foremost National Tourism Builder and Creative Mind), Mr. Jemi Alade (National Trailblazer in Inbound Tour Operation) Engineer Tarzan Ganiyu Shekoni Balogun (National Icon in Tourist Boat Operations and Water Transportation), Mr. Nkereuwem Onung (Icon of Consistency and Resilience in National Tourism Leadership), and Chief Abimbola Bode-Thomas (Hospitality and Tourism Management Amazon).
Speaking on the award conferred on Runsewe and the other awardees, the President of ANJET Mr. Okorie Uguru said the awards aim to promote the culture of service to the people, and also showing appreciation to those who have served the nation with distinction while holding public office.
He said: “It is not about celebrating those who are serving the country now, but showing appreciation to those who have served in the past, to challenge current political office holders to put in their best.
“The individuals and distinguished Nigerians we are honouring are among the people that built the visibility and growth the tourism industry is enjoying today… They have contributed, and are still contributing to the sector.
“As holders of institutional memories and archivists of this industry, we know the roles they have played and are still playing in the development of the Nigerian tourism industry. That is why years after some of our awardees have left public offices, we still call them to bestow this honours.”
While receiving the award, Runsewe lamented the inability of Nigeria to take tourism seriously. He said: “I stopped talking for some time because there are too many talks in tourism, there is no action. We come; we speak big English and go back. Today, I am going to reveal two or three things. The last time I came out was to speak to the new executives of the Federation of Tourism Associations of Nigeria (FTAN). For me, I am almost tired of talking, because there is no action.
“Let me first of all thank Ambassador Ogbuewu today. He said he does not want to come, so I urged him to come. It is only the living that can be celebrated. Let us thank God that during our lifetime, we are being celebrated. It is not everybody that has that opportunity.
“I can stand anywhere and talk about this industry. I do not need a book.
“Ambassador Ogbuewu you would recollect that President Obasanjo took your very good self, led a delegation to Trinidad and Tobago. That was the day Obasanjo made a statement, he said ‘I going to stand on the existing protocol’. That was the first time they heard that English. The then president of Trinidad asked, ‘what is he talking about.’ That is a tourism brand.
“People do not understand tourism yet. People think it is only about moving from one place to the other. No. Let me reveal a few things: how many of us know the late Pastor T.B. Joshua. T.B. Joshua was selling religious tourism and nobody keyed into it? When T. B. Joshua was having his conference in Nigeria, there were over 20 private jets parked at the airport. I, maybe you did not know before today, I normally go to the airport to list how many countries they come from. I have my data. There is religious tourism in Nigeria. We have not tapped into it. We see them as pastors. Yes, pastors doing their job, but there is tourism content in what they are doing.
“If this country manages tourism well, we should not have a single child looking for a job. After agriculture, tourism is the biggest employer of labour, but we are still playing games, we are still telling ourselves stories.”
He thanked ANJET for the award and encouraged them to continue with the good work in the industry.
Personality in Focus
NAOSNP Security Week: Gaidam Reiterates Govt’s Commitment to Data-Driven Policing
The Minister of Police Affairs, Senator Ibrahim Gaidam, has reaffirmed the Federal Government’s commitment to repositioning the Nigeria Police Force through data-driven strategies, inter-agency synergy, and international cooperation towards building a safer, stronger Nigeria.
He stated this during the 2025 National Security Conference and Awards organised by the National Association of Online Security News Publishers (NAOSNP), with the theme, Securing and Safeguarding Nigeria’s Economic Resources: A Call to Serve, held at the Oriental Hotel, Victoria Island, Lagos.
In his keynote address presented by the Deputy Director (Information and Public Relations Unit), Mr. Bolaji Oladimeji Kazeem, the Minister stated that the Federal Government, through the Ministry, has started realizing key initiatives such as the National Criminal Data Fusion Centre (NCDFC), Nigeria Police Crime and Incident Database, Community Policing, transparent recruitment of an additional 30,000 Police Officers, and technological advancements to enhance the operational efficiency of the Nigeria Police Force for bolstering national security.
The Minister said as a major milestone in intelligence-led policing, the National Criminal Data Fusion Centre (NCDFC), provides a centralized platform for law enforcement agencies to pool, analyse, and disseminate criminal data, thereby enhancing internal operations and collaboration with international partners.
He noted that the upgraded Nigeria Police Crime and Incident Database Centre (NPCIDB) has enabled the Police to document criminals’ data through biometrics from Divisional Police Stations across the country, and digitally forwarded to the NPCIDB located in the National Criminal Data Fusion Centre.
He reiterated the good working relationship among security agencies to curb illegal mining, through collaboration of the Nigeria Police Force, the Armed Forces, and Nigerian Security and Civil Defence Corps (NSCDC)’s Mining Marshals.
“Security is the foundation upon which all human endeavours are built. It requires inclusiveness, people-centric approaches, and collective efforts to ensure peace, safety, and prosperity. These vital institutional allies are in the national effort to combat illegal mining and restore order in Nigeria’s solid minerals sector, and curb the activities of bandits, criminals, kidnappers, and terrorists,” the Minister hinted.
Gaidam urged all citizens, stakeholders, and media to join hands in supporting the Nigeria Police Force. “We require collective investment in technology, logistics, welfare, and equipment to enhance security. I propose that we procure High-Resolution Drone Surveillance for police commands across the country”. He stressed.
Earlier, the Chief of Defence, General Christopher Musa, represented by the Commandant, Armed Forces Resettlement Centre, Air Vice Marshal Bashir Rimi Maman, posited that security is the foundation for economic success. When people feel safe, businesses grow, farmers plant with confidence, and investors take bold steps.
He said Nigeria recently increased its crude oil production to over 1.5 million barrels per day, but vandalism and illegal activities still threaten this progress.
“We must therefore protect what we have built so that our natural wealth becomes prosperity for every Nigerian, not just a few,” the CDS cautioned.
According to him, “beyond military action, we must focus more on the non-kinetic side of national security, which accounts for nearly 70 percent of the work. This includes good governance, infrastructure, power, communication, and social development.”
Senator Ibrahim Gaidam was afterwards honoured with the award of Excellence as the National Association of Online News Publishers (NAOSNP) Iconic Man of the Year.
