FCMB Group Plc has appointed Adepeju Adebajo as an Independent Non-Executive Director on its Board. The appointment was confirmed in a filing to the Nigerian Exchange Limited on Friday and has received approval from the Central Bank of Nigeria. FCMB stated that Adebajo's role is intended to support the Group's transformation and growth objectives.
Adebajo brings over 30 years of professional experience across sectors including industry, renewable energy, agriculture, finance, and consulting. She has worked with teams and clients across Sub-Saharan Africa and Europe, assisting organisations in driving growth and impact. Her leadership background is expected to enhance governance and strategic execution within FCMB Group.
She holds a Bachelor's and Master's degree in Chemical Engineering from Imperial College London and an MBA from Harvard Business School. Adebajo previously served as Chief Executive Officer of Lafarge Africa Plc's Cement business, Mouka Limited, Lumos Nigeria, and UTC Nigeria Plc. She began her banking career as Assistant General Manager at United Bank for Africa Plc.
She currently chairs the Lagos State Employment Trust Fund and serves as Transformation Lead at Etex Group, which includes Nigerite and Emenite Limited. In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum. She is also a member of the World Economic Forum Council on Climate and Nature Governance for the 2025–2027 term.
Adepeju Adebajo joins FCMB's board after leading firms in cement, energy, and agriculture, yet her sustainability advocacy sits alongside roles in fossil-fuel-adjacent industries. Her appointment strengthens board diversity, but her climate governance role contrasts with past leadership in high-emission sectors. Nigerians watching corporate climate claims should note the gap between green affiliations and industrial footprints. This duality may shape public trust in private sector sustainability pledges.
Editorial note: AI-assisted opinion, not established fact. Full disclaimer →
