Funke Osibodu: Difference between revisions
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{{short description|Nigerian banker}} |
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{{Infobox person |
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| name = Olufunke Iyabo Osibodu |
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| birth_date = {{birth year and age|1959}} |
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| employer = |
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| occupation = CEO |
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| spouse = [[Victor Gbolade Osibodu]] |
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| nationality = Nigerian |
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==Life== |
==Life== |
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Funke Osibodu was born in January 1959.<ref>[http://www.checkcompany.co.uk/director/8540312/MRS-OLUFUNKE-IYABO-OSIBODU Olufunke Iyabo Osibodu], CheckCompany, Retrieved 23 February 2016</ref> She attended the [[University of Ife]] and the [[Harvard Business School]].<ref name=new>[http://www.vanguardngr.com/2009/08/new-ceos-resume-immediately-who-they-are/ New CEOs resume immediately, who they are?], Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016</ref> |
Funke Osibodu was born in January 1959.<ref>[http://www.checkcompany.co.uk/director/8540312/MRS-OLUFUNKE-IYABO-OSIBODU Olufunke Iyabo Osibodu], CheckCompany, Retrieved 23 February 2016</ref> She attended the [[University of Ife]] and the [[Harvard Business School]].<ref name=new>[http://www.vanguardngr.com/2009/08/new-ceos-resume-immediately-who-they-are/ New CEOs resume immediately, who they are?], Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016</ref> |
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She was CEO and later a director of the holding company of [[Ecobank Nigeria]] until she left in 2006.<ref name =cbn/> Her husband Victor Gbolade Osibodu is a Nigerian entrepreneur.<ref>[http://societynowng.com/Union-Bank-MD-Funke-Osibodu-Hubby-Victor-Acquire-Two-Oil-Vessels Uninon Bank MD Hubby acquires 2 Oil vessels], SocietyNowNG, Retrieved 23 February 2016</ref> |
She was CEO and later a director of the holding company of [[Ecobank Nigeria]] until she left in 2006.<ref name =cbn/> Her husband Victor Gbolade Osibodu is a Nigerian entrepreneur.<ref>[http://societynowng.com/Union-Bank-MD-Funke-Osibodu-Hubby-Victor-Acquire-Two-Oil-Vessels Uninon Bank MD Hubby acquires 2 Oil vessels] {{Webarchive|url=https://web.archive.org/web/20170202001351/http://societynowng.com/Union-Bank-MD-Funke-Osibodu-Hubby-Victor-Acquire-Two-Oil-Vessels |date=2017-02-02 }}, SocietyNowNG, Retrieved 23 February 2016</ref> |
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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]].<ref name=cbn/> She was chosen to lead the [[Union Bank of Nigeria]] replacing [[Bartholomew Bassey Ebong]].<ref name=ft/> Others replaced on the same day included the CEO of [[FinBank Nigeria|FinBank]] who was replaced by [[Suzanne Iroche]].<ref name=cbn>[http://www.vanguardngr.com/2009/08/cbn-sacks-5-banks-directors/ CBN sacks 5 Banks Directors], Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016</ref> Ebong was sacked for giving collateral free multibillion-dollar loans to speculators that included [[Peter Ololo]].<ref name="Makanjuola2015">{{cite book|author=Yomi Makanjuola|title=Banking Reform in Nigeria: The Aftermath of the 2009 Financial Crisis|url=https://books.google.com/books?id=6Z8MCgAAQBAJ&pg=PA16|date=8 May 2015|publisher=Palgrave Macmillan|isbn=978-1-137-49353-8|page=42}}</ref> |
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]].<ref name=cbn/> She was chosen to lead the [[Union Bank of Nigeria]] replacing [[Bartholomew Bassey Ebong]].<ref name=ft/> Others replaced on the same day included the CEO of [[FinBank Nigeria|FinBank]] who was replaced by [[Suzanne Iroche]].<ref name=cbn>[http://www.vanguardngr.com/2009/08/cbn-sacks-5-banks-directors/ CBN sacks 5 Banks Directors], Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016</ref> Ebong was sacked for giving collateral free multibillion-dollar loans to speculators that included [[Peter Ololo]].<ref name="Makanjuola2015">{{cite book|author=Yomi Makanjuola|title=Banking Reform in Nigeria: The Aftermath of the 2009 Financial Crisis|url=https://books.google.com/books?id=6Z8MCgAAQBAJ&pg=PA16|date=8 May 2015|publisher=Palgrave Macmillan|isbn=978-1-137-49353-8|page=42}}</ref> |
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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]] in 2011.<ref name=ft>[http://www.ft.com/cms/s/0/91c434ca-0b35-11e1-ae56-00144feabdc0.html#axzz4163v7llJ Top women], FT.com, Retrieved 24 February 2016</ref> She was the only African woman to make the list.<ref name=other>[http://www.ngrguardiannews.com/2016/01/the-other-side-of-funke-osibodu/ The Other Side Of Funke Osibodu], 9 January 2016, NGRGuardianNews.com, Retrieved 24 February 2016</ref> She stood down from her position as CEO of the Union Bank at the end of 2012.<ref name=bloom>[https://www.bloomberg.com/research/stocks/people/person.asp?personId=60780563&privcapId=9794025 Olufunke Iyabo Osibodu], Bloomberg, Retrieved 23 February 2016</ref> After she left the bank she entered the power industry as the CEO of the Benin Electricity Distribution Company for [[Benin City]] in Nigeria<ref name=poorsource>[https://africaindc.wordpress.com/2013/10/25/you-can-only-squeeze-so-much-out-of-an-orange-but-power-africa-provides-a-lot-of-sunshine-africa-breakfast-on-the-hill/ You Can Only Squeeze so Much Out of an Orange], AfricaInDC, Retrieved 23 Feb 2016</ref> where her husband, Victor, is the |
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]] in 2011.<ref name=ft>[http://www.ft.com/cms/s/0/91c434ca-0b35-11e1-ae56-00144feabdc0.html#axzz4163v7llJ Top women], FT.com, Retrieved 24 February 2016</ref> She was the only African woman to make the list.<ref name=other>[http://www.ngrguardiannews.com/2016/01/the-other-side-of-funke-osibodu/ The Other Side Of Funke Osibodu], 9 January 2016, NGRGuardianNews.com, Retrieved 24 February 2016</ref> She stood down from her position as CEO of the Union Bank at the end of 2012.<ref name=bloom>[https://www.bloomberg.com/research/stocks/people/person.asp?personId=60780563&privcapId=9794025 Olufunke Iyabo Osibodu], Bloomberg, Retrieved 23 February 2016</ref> After she left the bank she entered the power industry as the CEO of the Benin Electricity Distribution Company for [[Benin City]] in Nigeria<ref name=poorsource>[https://africaindc.wordpress.com/2013/10/25/you-can-only-squeeze-so-much-out-of-an-orange-but-power-africa-provides-a-lot-of-sunshine-africa-breakfast-on-the-hill/ You Can Only Squeeze so Much Out of an Orange], AfricaInDC, Retrieved 23 Feb 2016</ref> where her husband, Victor, is the chairman. |
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==References== |
==References== |
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{{DEFAULTSORT:Osibodu, Funke}} |
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[[Category:1959 births]] |
[[Category:1959 births]] |
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[[Category:Living people]] |
[[Category:Living people]] |
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[[Category:Yoruba bankers]] |
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[[Category:Yoruba women in business]] |
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[[Category:Obafemi Awolowo University alumni]] |
[[Category:Obafemi Awolowo University alumni]] |
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[[Category:Nigerian women |
[[Category:Nigerian women business executives]] |
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[[Category: |
[[Category:Nigerian women chief executives]] |
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[[Category:Nigerian chief executives]] |
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[[Category:Nigerian corporate directors]] |
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[[Category:Women corporate directors]] |
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Latest revision as of 07:59, 20 September 2024
Olufunke Iyabo Osibodu | |
|---|---|
| Born | 1959 (age 64–65) |
| Nationality | Nigerian |
| Occupation | CEO |
| Spouse | Victor Gbolade Osibodu |
Olufunke Iyabo Osibodu or Funke Osibodu is a Nigerian banker who led Ecobank Nigeria and the Union Bank of Nigeria.
Life
[edit]Funke Osibodu was born in January 1959.[1] She attended the University of Ife and the Harvard Business School.[2]
She was CEO and later a director of the holding company of Ecobank Nigeria until she left in 2006.[3] Her husband Victor Gbolade Osibodu is a Nigerian entrepreneur.[4]
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.[3] She was chosen to lead the Union Bank of Nigeria replacing Bartholomew Bassey Ebong.[5] Others replaced on the same day included the CEO of FinBank who was replaced by Suzanne Iroche.[3] Ebong was sacked for giving collateral free multibillion-dollar loans to speculators that included Peter Ololo.[6]
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 in 2011.[5] She was the only African woman to make the list.[7] She stood down from her position as CEO of the Union Bank at the end of 2012.[8] After she left the bank she entered the power industry as the CEO of the Benin Electricity Distribution Company for Benin City in Nigeria[9] where her husband, Victor, is the chairman.
References
[edit]- ^ Olufunke Iyabo Osibodu, CheckCompany, Retrieved 23 February 2016
- ^ New CEOs resume immediately, who they are?, Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016
- ^ a b c CBN sacks 5 Banks Directors, Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016
- ^ Uninon Bank MD Hubby acquires 2 Oil vessels Archived 2017-02-02 at the Wayback Machine, SocietyNowNG, Retrieved 23 February 2016
- ^ a b Top women, FT.com, Retrieved 24 February 2016
- ^ Yomi Makanjuola (8 May 2015). Banking Reform in Nigeria: The Aftermath of the 2009 Financial Crisis. Palgrave Macmillan. p. 42. ISBN 978-1-137-49353-8.
- ^ The Other Side Of Funke Osibodu, 9 January 2016, NGRGuardianNews.com, Retrieved 24 February 2016
- ^ Olufunke Iyabo Osibodu, Bloomberg, Retrieved 23 February 2016
- ^ You Can Only Squeeze so Much Out of an Orange, AfricaInDC, Retrieved 23 Feb 2016