Mrs. Oyinkansade Adewale, FCA, a qualified chartered accountant since 1984, is a highly experienced finance expert with over 30 years’ track record as Executive Director/Chief Financial Officer in various companies and over 25 years’ experience serving on various boards in executive and non-executive capacities.
Mrs. Adewale started her professional career in 1981 at Coopers & Lybrand as a trainee accountant and left the firm in 1989 as an Audit Manager. Mrs. Adewale started her banking sector career at Citibank Nigeria in 1989 as Deputy Financial Controller and by 2002 when she left, had risen to the role of Executive Director/CFO, Citibank with responsibility for Finance across 7 West African countries, including Nigeria.
She co-founded SIAO, a leading indigenous accounting firm that played a key role in the banking sector consolidation under then CBN Governor, Charles Soludo in 2005; she led SIAO to win several due diligence and financial advisory mandates that subsequently led to M&A transactions.
Mrs. Adewale was the Pioneer MD/COO at Renaissance Capital Africa from 2006 to 2009. From 2009 to 2011, she was the CBN-appointed Executive Director/CFO at Oceanic Bank, where she supervised all the bank’s subsidiaries and also served as a director of some of the subsidiaries. Following the acquisition of Oceanic Bank by ETI and its merger with Ecobank Nigeria in 2012, she managed the integration and was also the ETI Group Head of MIS. From 2012 to 2018, she was the Executive Director/Chief Financial Officer of Union Bank Nigeria Plc.
She has successfully led bank turnarounds and transformations, establishing world class finance functions. She is a recipient of the Central Bank of Nigeria (CBN) Governor’s commendation for meritorious service to the banking sector.
Mrs. Adewale was a member and treasurer of the board of management of St. Saviour’s School, Ikoyi, Nigeria’s prominent British curriculum school. She holds a B.A French Hons degree from the University of Ibadan and is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She is an alumnus of INSEAD, Harvard Business School, Fontainebleau, IMD, Lausanne and Oxford Said Business School. A member of the faculty of the Institute of Directors Nigeria, Mrs. Adewale also teaches financial literacy and has been a guest lecturer of Ethics and Corporate Governance at the Lagos Business School. For over 25 years, she has been a trustee of Junior Achievement Nigeria.
Mrs. Adewale currently also sits on the boards of Lafarge Africa Plc, Beta Glass Plc and FBN Quest Merchant Bank Ltd and is an Independent Investment Committee Member of Uhuru Investment Partners, a West Africa focused Private Equity firm. She was appointed to the Board of Midwestern Oil & Gas Company Limited on the 1st of January 2025.