Olufunke Iyabo Osibodu or Funke Osibodu is a Nigerian banker who led
Ecobank Nigeria
ECOBANK NIGERIA LIMITED, commonly referred to as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator.
Overview
The bank began operations in ...
and the
Union Bank of Nigeria
Union Bank of Nigeria Plc is a commercial bank in Nigeria headquartered in Marina, Lagos Island, Lagos. It has been operating in Nigeria since 1917.
Overview
Union Bank is a large commercial bank, serving individuals, small and medium-sized comp ...
.
Life
Funke Osibodu was born in January 1959. She attended the
University of Ife
Obafemi Awolowo University (OAU) is a federal university in Ile-Ife, Osun State, Nigeria. The university was founded in 1961 and classes commenced in October 1962 as the University of Ife by the regional government of Western Nigeria, which w ...
and the
Harvard Business School
Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...
.New CEOs resume immediately, who they are? Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016
She was CEO and later a director of the holding company of
Ecobank Nigeria
ECOBANK NIGERIA LIMITED, commonly referred to as Ecobank Nigeria, is a commercial bank in Nigeria. It is one of the commercial banks licensed by the Central Bank of Nigeria, the national banking regulator.
Overview
The bank began operations in ...
until she left in 2006. Her husband Victor Gbolade Osibodu is a Nigerian entrepreneur.Uninon Bank MD Hubby acquires 2 Oil vessels , SocietyNowNG, Retrieved 23 February 2016
She came to notice when there was a shake-up in the Nigerian banking industry when five bank CEOs were dismissed on 13 August 2009, and five replacements were named by the
Central Bank of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. The major regulatory objectives of the bank as stated in the CBN Act are t ...
. She was chosen to lead the
Union Bank of Nigeria
Union Bank of Nigeria Plc is a commercial bank in Nigeria headquartered in Marina, Lagos Island, Lagos. It has been operating in Nigeria since 1917.
Overview
Union Bank is a large commercial bank, serving individuals, small and medium-sized comp ...
Suzanne Iroche Suzanne Olufunke Iroche or Suzanne Olufunke Soboyejo-Iroche is a Nigerian banker who leads FinBank.
Life
Iroche attended Queen's College, University of Lagos and the Kellogg School of Management in Illinois.CBN sacks 5 Banks Directors Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016 Ebong was sacked for giving collateral free multibillion-dollar loans to speculators that included Peter Ololo.
Osibodu was praised for the transparency and discipline that she introduced at the Union Bank of Nigeria. She was placed at position 47 on a list of the world's most powerful businesswomen by the
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
in 2011.Top women FT.com, Retrieved 24 February 2016 She was the only African woman to make the list.The Other Side Of Funke Osibodu 9 January 2016, NGRGuardianNews.com, Retrieved 24 February 2016 She stood down from her position as CEO of the Union Bank at the end of 2012.Olufunke Iyabo Osibodu Bloomberg, Retrieved 23 February 2016 After she left the bank she entered the power industry as the CEO of the Benin Electricity Distribution Company for
Benin City
Benin City serves as the Capital city, capital and largest
Metropolitan area, metropolitan centre of Edo State, situated in Nigeria, southern Nigeria. It ranks as the List of Nigerian cities by population, fourth-most populous city in Niger ...