Tunde Lemo
Tunde Lemo | |
|---|---|
| Born | 1959 Ogun State, Nigeria |
| Occupation | Banker |
| Years active | 1985–present |
| Known for | Deputy Governor of the Central Bank of Nigeria; Chairman of Federal Roads Maintenance Agency (FERMA) |
Tunde Lemo or Tunde O. Lemo (born 1959) is a prominent Nigerian banker who formerly held the position of deputy governor in charge of operations and was a director at the Central Bank of Nigeria. Since 2018, he has been serving as the chairman of the Federal Roads Maintenance Agency (FERMA).
Early life and education
Originating from Ogun State, Lemo earned a First Class Honours degree in Accounting from the University of Nigeria Nsukka in 1984. He attained Fellowship status with the Institute of Chartered Accountants of Nigeria in 1997 and is also recognized as a Fellow by the Chartered Institute of Bankers of Nigeria.
Career
Lemo commenced his professional journey at Arthur Anderson & Co in 1985. Between 2000 and 2003, he served as managing director at Wema Bank Plc. Subsequently, he was appointed deputy governor responsible for operations and director at the Central Bank of Nigeria, where he managed financial surveillance activities. On 2 January 2004, he assumed the roles of director and chairman at the Abuja Securities & Commodity Exchange Plc. From 16 May 2007 onward, he has held a non-executive directorship at Africa Finance Corporation.
In October 2017, President Muhammadu Buhari endorsed Lemo’s nomination as chairman of FERMA, with his tenure commencing officially in July 2018 alongside newly appointed board members and managing director. Additionally, he holds chairmanship positions at Titan Bank and Flutterwave and participates on various corporate boards.
On 2 October 2021, Lemo identified deteriorating infrastructure as a key reason behind the exodus of investors from Nigeria. Later, on 23 December 2021, Union Bank of Nigeria Plc disclosed that Titan Trust Bank Limited, under Lemo’s ownership, had agreed to purchase an 89.39% equity stake in Union Bank from Union Global Partners Limited along with other shareholders.