CBN DEPUTY GOV. OPS BOWS OUT TOMORROW

The Deputy Governor in charge of Operations at the Central Bank of Nigeria, Tunde Lemo, is billed to formally bow out from service tomorrow, after ten years in office.

Mr Lemo is reputed for his key role in the implementation of the Banking Sector Consolidation under Prof. Chukwuma Soludo and Sanusi Lamido Sanusi.

A statement published today by the CBN in Abuja, said Mr Lemo’s retirement would take effect from January 11, 2014, being the last working day before his retirement date.

Prior to his appointment, Lemo was the Managing Director/Chief Executive Officer of Wema Bank Nigeria, Plc between 2000 and 2003.

BABATUNDE LEMO

Born in 1959, he attended Lisabi Grammar School, Ogun State and the University of Nigeria, Nsukka, where he emerged as the Best Overall graduating student in the Faculty of Social Sciences with a Bachelor of Science degree in Accountancy (First Class Division) in 1984.

Lemo is also reported to have attended Advanced Management Programme, AMP, at the Wharton College, University of Pennsylvania, Philadelphia, U.S.A in 2002 as well as executive training programmes in world class institutions including Harvard University, INSEAD, Fontainbleau, France, Brandies University, Boston.

He also championed the restructuring of Abuja Security and Commodities Exchange and Nigeria Export Import Bank, NEXIM, as the Chairman of both institutions. As Vice Chairman Technical Committee for the establishment of Africa Finance Corporation, AFC, Lemo participated actively in the establishment of the Pan-African investment institution.

Lemo was equally responsible for the transformation of the National Payments System for widespread use of electronic payments and the transformation of the Nigeria Inter-Bank and Settlement Systems (NIBSS), Plc.