CBN approves appointment of Chukwuemeka Obiagwu as Wema Bank executive director

Wema Bank hits N1trn asset valuation

CBN approves appointment of Chukwuemeka Obiagwu as Wema Bank executive director


The Board of Directors of Wema Bank Plc. has announced the appointment of Chukwuemeka Obiagwu as an executive director of the bank effective from April 1, 2021.

According to a statement signed by the bank’s Company Secretary/Legal Adviser, Johnson Lebile, the appointment has been approved by the Central Bank of Nigeria (CBN).

The statement described Obiagwu as a multi-disciplinary professional with a background in accounting, insurance, corporate finance, stockbroking and public finance. He has over three decades experience in banking, financial services and public service.

Early in his career at Fidelity Bank Plc, Obiagwu successfully repositioned and grew a subsidiary, which he eventually led as the group-managing director and chief executive.

He was a non-executive director of Fidelity Pension Managers, where he also served as Chairman of the board, audit committee. He left Fidelity Bank Plc. in 2015 after 20 years of service and in January 2016, joined the Federal Inland Revenue Service (FIRS) as a director with responsibility for
enforcement. He was also a member of the technical committee of the board and chairman of the budget committee of FIRS, among many other roles.

Obiagwu is an alumnus of the Lagos Business School (SMP 16) as well as Harvard Kennedy School of Government Boston, Massachusetts USA, where he obtained an Executive Certificate in Economic Development.

He has had the privilege of studying at some of the world’s leading institutions for Executive Business Education, such as, INSEAD Business School, Fontainebleau, France; and Kellogg School of Management, among others.

Obiagwu is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN); fellow, Chartered Institute of Stockbrokers; Honorary Senior Member, Chartered

Institute of Bankers of Nigeria; Fellow, Chartered Institute of Taxation; and Associate, Chartered Insurance Institute (London).