Funke Osibodu
   HOME

TheInfoList



OR:

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 ...
replacing Bartholomew Bassey Ebong. Others replaced on the same day included the CEO of FinBank who was replaced by
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 ...
in NigeriaYou Can Only Squeeze so Much Out of an Orange
AfricaInDC, Retrieved 23 Feb 2016
where her husband, Victor, is the chairman.


References

{{DEFAULTSORT:Osibodu, Funke Nigerian bankers Harvard Business School alumni 1959 births Living people Obafemi Awolowo University alumni Nigerian women business executives Nigerian women chief executives Nigerian chief executives Nigerian corporate directors Women corporate directors