By Segun Elijah
WorldStage– The board of WEMA Bank Plc, a top player in Nigeria’s banking sector, with a strong digital presence and solid financials has appointed Wilson Chiedu Agu as an independent non-executive director (INED), following the Central Bank of Nigeria’s approval.
As an INED, Agu will provide oversight, strategic advice, and custody of good corporate governance for the bank while he represents shareholders’ interest.
A structural engineer, Agu has spent 35 years in consultancy, information technology, cyber-security, and business development, according to a statement the bank issued March 13.
He has demonstrated competence in corporate governance in the Nigerian tech ecosystem while he served on the governing board of the National Information Technology Development Agency (NITDA). There he chaired the Committee on Standards, Guidelines and Regulations and supported the implementation of the National IT Policy and COBIT 5 framework.
Agu later collaborated with Precise Financial Systems on banking automation solutions between 2018 and 2020.
He currently focuses on industrial parks and free trade zone infrastructure projects as lead partner at Eagle Industrial and Energy Limited.
His participation in both the public and private sector has earned him recognition, including the Professional Fellowship Doctorate (PFD) by the Institute of Corporate and Public Administration of Nigeria; and membership of the Institute of Software Practitioners of Nigeria (ISPON).
The bank noted the appointment took effect March 3
WEMA Bank is strengthening its corporate governance after successfully meeting and surpassing its recapitalization requirements as a national bank. Its capitalization currently stands at about N265 billion, 2 percent above the N200-billion mark.
