FCMB Group Plc has appointed Mrs Adepeju Adebajo, former Chief Executive Officer of Lafarge Africa Plc, as an Independent Non-Executive Director on its Board. The move lands at a significant moment — FCMB is fresh off a major recapitalisation milestone and clearly building the governance muscle to match.

The appointment was disclosed in a filing submitted to the Nigerian Exchange Limited on May 8, 2026, and has received approval from the Central Bank of Nigeria. FCMB said the appointment supports its transformation and growth objectives across the organisation.

Adebajo brings a career that cuts across industry, finance, and sustainability in an unusually broad way. Beyond her role at Lafarge Africa, she has held CEO positions at Mouka Limited, Lumos Nigeria, and UTC Nigeria Plc, and earlier in her career worked as an Assistant General Manager at United Bank for Africa. She holds degrees in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.

Her current engagements are equally noteworthy. She serves as Chair of the Lagos State Employment Trust Fund, Transformation Lead at Etex Group, and in 2025 founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum. She also sits on the WEF Council on Climate and Nature Governance for the 2025–2027 term.

Bringing a board member with active global climate governance credentials signals that FCMB is thinking beyond traditional financial services territory into sustainability and ESG positioning, areas that international investors and development finance institutions increasingly scrutinise.

The timing, meanwhile, is deliberate. FCMB Group recently crossed the CBN’s N500 billion capital threshold for an international banking licence, and reported a profit before tax of N200.9 billion for 2025, an 80% jump from the prior year. A stronger board, at this stage, is as much a strategic statement as an operational one.