/ People

Mrs. Demuren holds a Master of Science Degree in Economics and Statistics from the Moscow Institute of Economics and Statistics, Moscow, and a Diploma in Russian Language and Preliminary Studies from the Kiev State University, Kiev. She is a member of many professional associations including the Society for Human Resource Management of America, Nigerian Statistical Association, Chartered Institute of Personnel Management of Nigeria and the Chartered Institute of Bankers of Nigeria.

Mrs. Demuren had a successful career with the Central Bank of Nigeria which spanned over thirty-three (33) years, during which she served as Director, Trade and Exchange Department and was deployed to serve as the Director, Human Resource Department, a position which she held until her retirement from the Central Bank of Nigeria in December, 2009. She was the first female Director of the Central Bank of Nigeria. 

Mrs. Demuren was at various times a Member and Secretary to the Public Enlightenment Committee on Second-tier Foreign Exchange Market, Representative of the Central Bank of Nigeria on Special Investigation Panel on Trade Malpractices of the Federal Ministry of Commerce and Tourism. She has served on the boards of several public institutions including the National Social Insurance Trust Fund (NSITF), Nigerian Investment Promotion Commission (NIPC), Nigeria Export Processing Zone Authority (NEPZA). 

She was also the nominee of the CBN on the Governing Council of the Nigerian Investment Promotion Commission, nominee of the CBN on the Board of Nigerian Export Processing Zone Authority, Chairman International Technical Committee on the Comprehensive Import Supervision Scheme, Chairman Interministerial Technical Committee on the Nigerian Export Supervision Scheme, Member Presidential committee on the Review of the Pre-Shipment Inspection Scheme, Member Presidential Committee on the investigation of illegal siphoning of foreign exchange outside Nigeria, Member Presidential Committee on Trade Malpractices and the Co-coordinator on the implementation of Travelers Cheques accessibility to the Nigerian Public.

She is an alumnus of several local and international training programs on Management, Banking, Finance, Trade and Investment at institutions such as the Michigan Ross Business School, Detroit and Institut Europeen d' Administration des Affaires (INSEAD) Business School Fontainebleau, France.

Mrs. Demuren joined the Board of Guaranty Trust Bank plc in April, 2013. 

Mr. Agbaje is the Managing Director of Guaranty Trust Bank plc. With over (25) twenty-five years investment and international banking experience, Mr. Agbaje is involved in the general management of the Bank’s day-to-day operations and has earned a reputation as a truly accomplished and highly respected professional within the West Africa sub-region, given his diverse experience in the financial services industry.

Prior to joining Guaranty Trust Bank plc, he worked with Ernst & Young, San Francisco, United States of America (USA). He subsequently joined Guaranty Trust Bank as a pioneer staff in 1991 and rose through the ranks to become an Executive Director in January 2000, and Deputy Managing Director in August 2002, in light of his diverse background and experience in almost all areas of the Bank’s activities including Commercial Banking, Investment Banking, Treasury, Corporate Planning and Strategy, Settlements and Operations.

Mr. Agbaje possesses a deep understanding of the Nigerian business environment having initiated and led the execution of large, innovative and complex transactions in Financial Advisory, Structured and Project Finance, Balance Sheet Restructuring and Debt and Equity Capital raising in several sectors of the Nigerian economy notably Oil and Gas, Energy, Telecommunications, Financial Services and Manufacturing industries. In addition, he helped in developing the Interbank Derivatives market amongst dealers in the Nigerian banking industry and introduced the Balance Sheet Management Efficiency system.

He was also very instrumental in putting together Guaranty Trust Bank’s landmark USD350million Eurobond offering in 2007 and later that year, the listing of its US$750 million Global Depository Receipts (GDR) in an unprecedented concurrent global offering in the domestic and international capital markets – which made Guaranty Trust Bank the first Nigerian company and first bank in Sub-Saharan Africa to be listed on the Main Market of the London Stock Exchange. In 2011, he further led the Bank to launch the first Sub-Saharan Africa financial sector benchmark Eurobond when the Bank launched its USD500million Eurobond without a Sovereign Guarantee or Credit Enhancement from any international financial institution.

Mr. Agbaje serves on the boards of several other notable companies including Guaranty Trust Bank (Ghana) Limited, Guaranty Trust Bank (Gambia) Limited, Guaranty Trust Bank (UK) Limited and also a Director on MasterCard Advisory Board Middle East and Africa.

He is an alumnus of the Harvard Business School and holds a Bachelor of Science in Accounting and a Masters in Business Administration from the University of San Francisco, USA.

Mr. Agbaje was appointed Acting Managing Director of Guaranty Trust Bank plc in April 2011, and as Managing Director/Chief Executive Officer on June 22, 2011.

Engineer Adeola holds a Bachelor of Science degree in Civil Engineering (1975) from the University of Lagos, and a Master of Science degree in Civil Engineering Hydraulics (1978) from the imperial College, London. Engr. Adeola is the founder and pioneer Managing Director of Comprehensive Project Management Services Ltd (CPMS), a firm of project managers.

He is also a Pioneer in the Project Management Industry in Nigeria, has managed a wide variety of projects in the construction industry, with over (36) thirty-six years experience in Engineering Consultancy in various fields including Structural Design, Water and Wastewater Management, Housing Development and Construction, Training, Facilities Management and Project Management. Engr. Adeola has written several books such as “Engineering is Development”, “Our Collective Responsibility” etc., and presented several technical papers at Conferences. He was a member of FIDIC Executive Council (2003-2007) and a former President of The Association of Consulting Engineers, Nigeria, ACEN, (2008-2010).

Engr. Adeola is a Non- Executive Director of UTC and a member of some notable companies.

He joined the Board on April 22, 2010.

Mr. Olabode Mubasheer Agusto obtained a Bachelor of Science degree in Accounting from the University of Lagos in 1977. Mr Agusto became an Associate of the Institute of Chartered Accountants of Nigeria in 1981 and a Fellow of the same association in 1991. He has over (35) thirty-five years work experience in various organisations including UTC Motors Limited, PricewaterhouseCoopers and Nigeria International Bank Limited (now Citibank Nigeria Limited). He is the founder of Agusto & Co. Limited, which is the first credit rating agency licensed by the Securities and Exchange Commission in Nigeria. 

In 2003, President Obasanjo appointed him as his Director-General/Adviser (Budget Matters) and a member of his Economic Team during his second term in office (2003-2007). He also held various public positions during this period including non-Executive Director, National Pension Commission (2005 to 2007), Member, Central Bank of Nigeria Monetary Policy Committee (2006 to 2007).

Mr Agusto was a non-Executive Director of Shell Nigeria Closed Pension Fund from 2009 to 2013. Currently, he serves as a non-executive director on the Board of Agusto & Co. Limited and a member of several professional bodies. Mr Agusto is a recipient of the national honour of Member of the Order of the Federal Republic. He is also an independent researcher and consultant. His research interests cover the Economics, Politics and Banking of the key countries in sub-Saharan Africa.

Mr. Agusto joined the Board of Guaranty Trust Bank plc in April 2010.

A Petroleum Geologist, Mr. Hassan holds a Bachelor of Technology (B.Tech) degree in Geology (1992) from Federal University of Technology, Yola, Adamawa State, and a Master of Science degree in Oil and Gas Enterprise Management (2005) from the University of Aberdeen, United Kingdom. He is an experienced Economic Analyst with over twenty-one (21) years work experience in the Oil and Gas industry with various multi-disciplinary oil and gas service companies.

He is an alumnus of the Lagos Business School Executive Program (SMP - Senior Management Programme).

Mr. Hassan is currently the Managing Director and CEO of Summit Energy Limited, and a member of several professional bodies, including Council of Nigerian Mining Engineers and Geoscientists (COMEG) and the Nigerian Association of Petroleum Explorationists (NAPE).

Mr. Oyinlola holds a Bachelor of Science degree (B.Sc) in Accounting (First Class Hons.) from the University of Ghana, Legon (1979) and a Masters in Business Administration (MBA) from the Stanford University, Graduate School of Business, Stanford, United States of Amercia (U.S.A). He is a seasoned professional with over thirty (30) years work experience in the Oil and Gas industry, having worked with Schlumberger Group from 1984 till June 2016. He has at various times served in management capacity, including being the first Nigerian Managing Director of Schlumberger Group in Nigeria and rose through the ranks to Vice President & Group Treasurer and later to become the Chairman Africa, Schlumberger Group, a position he has held from 2011 till his retirement in June 2016.

He is a member of the Advisory Board, Sustainability Accounting Standards Board; the Executive Committee, African Diaspora Health Initiative; the Board of Trustees, Nigerian American Multicultural Council; and President and Member of the Board of the Schlumberger Foundation. He is also a Fellow of the Institute of Petroleum Studies, University of Port Harcourt, Nigeria.

Mr. Oyinlola is an alumnus of several local and international training programs on Infrastructure and Energy Finance, Reservoir Engineering, Petroleum Fiscal Systems and Economics, Project Finance, International Tax Management, Crisis Management and Management, Banking, Finance, Trade and Investment at institutions such as the Oxford University Institute for Energy Studies, Institute for Management Development, (IMD), Switzerland.

He joined the Board on April 24, 2014.

Ms. Akpofure holds a Bachelor of Engineering (B.Eng Honors) degree in Civil Engineering (1988) from the Imperial College, University of London, United Kingdom, a Masters of Science Degree (M.Sc) in Environmental Engineering (1989) from the Newcastle University, United Kingdom. She also obtained a Masters in Business Administration (MBA) from the INSEAD, France.

She is a seasoned professional with over eighteen (18) years work experience in the financial industry, having worked with International Finance Corporation from 1995 till 2013, where she rose through the ranks to become the Director, Western Europe, a position she held from 2009 till her retirement in 2013.

Ms. Akpofure also serves as a member of other boards in several companies.

She joined the Board on October, 2015.

Mr. Babatunde Soyoye holds a Bachelor of Engineering degree in Electrical Engineering from Kings College, University of London, London, England (1991) and a Masters in Business Administration from the Imperial College London, England (1995).

Mr. Soyoye is a seasoned professional with over twenty-four (24) years work experience, twenty-one (21) of which has been spent in investment/financial advisory services.

He is the co-founder and Managing Partner of Helios Investment Partners LLP, a private investment firm with its principal office in the United Kingdom, formed to pursue alternative asset class investments in Sub-Saharan Africa, specializing in investment in companies, growth capital for private enterprises, restructurings, joint ventures, startups and structured investments.

Prior to co-founding Helios Investment Partners, Mr. Soyoye was responsible for Telecoms & Media investments across Europe for TPG Capital. He served as a senior member of the Corporate Strategy team at British Telecom, and manager of business development at Singapore Telecom International.

Mr. Soyoye has played a key role in the execution of over $3 billion of investments across Africa, Europe, Asia and North America.

Mr. Soyoye joined the Board on July 27, 2016.

Mrs. Victoria Osondu Adefala holds a Bachelor of Laws (LL.B) degree (1987) from the University of Lagos, Lagos State, Nigeria and a Master’s degree in International Law (LL.M) from University of Houston Bates Law School, Houston, Texas. She was called to the Nigerian Bar in 1988.

Mrs. Victoria Osondu Adefala is a seasoned professional with over twenty-four (24) years’ work experience in diverse industries including Manufacturing, Finance and Transportation as well as the Legal profession, having worked with the African Chamber of Commerce, Houston, Texas, Michelin Nigeria Limited and Alstom Nigeria.

She served as the Country President and Managing Director of Alstom Nigeria up till 2016. Prior to working at Alstom, Mrs. Victoria Osondu Adefala was an Executive Director at Michelin Nigeria Limited, and sits on the Board of both local and international companies.

Mrs. Victoria Osondu Adefala is the Managing Partner of WHITGIFT Law Firm.

She joined the Board in September 2017.

Mr. Odeyemi is a Chartered Accountant (Fellow), graduate member of the Chartered Institute of Stockbrokers of Nigeria, and a Chartered member of the Institute of Taxation in Nigeria. He holds a First Class Honours first degree (B.Ed) in Social Studies from Obafemi Awolowo University, a Masters Degree in Tests, Measurement and Statistics which he finished with a distinction average, and a Doctorate Degree in Tests, Measurement and Statistics from the same university. 

He joined Guaranty Trust Bank Plc in 1997 and later worked with First City Monument Bank as Head of Financial Control and Strategy, and Chief Operating Officer for four (4) companies in the FCMB Capital Markets Group in 2002. He later returned to Guaranty Trust Bank Plc in 2003. He serves as a Non-Executive Director on the Boards of Guaranty Trust Bank (Ghana) Limited, Guaranty Trust Bank (United Kingdom) Limited, Guaranty Trust Bank (Liberia) Limited. He is also a Non-Execitive Director on the Boards of Sokoa Chair Centre Limited and 3 Peat Investment Limited, all companies in which the Bank has investments under the Small and Medium Industries Equity Investments (SMIEI) Scheme.

Mr. Odeyemi is currently responsible for International Banking, and the Strategy and Group Coordination of the Bank’s subsidiaries.

He joined the Board on October 19, 2011.

Mr Haruna Musa has over twenty-three (23) years experience which spans through Retail & Commercial Banking and Public Sector. He joined the Bank in 2001 and rose through the ranks to become an Assistant General Manager and Group Head Public Sector, North East Division in 2006. He left the Bank briefly in 2008 to pursue his Masters Degree in Finance and Management at the Cranfield University, United Kingdom, after which he returned in 2009.

He holds a Bachelors’ Degree in Agriculture from Ahmadu Bello University, Zaria (1991), a Masters Degree in Business Administration from Bayero University Kano (1998) and a Masters Degree in Finance and Management from Cranfield University, United Kingdom (2009).

Mr. Musa is currently the Head of the North-East Division of the Bank.

He joined the Board of Directors on October, 2015.

Mr. Bolaji Lawal attended Kings’ College, Lagos. He obtained a Bachelor of Laws degree from Obafemi Awolowo University, (1990), professional certification of B.L from the Nigerian Law School (1991) and a Masters of Business Administration from Oxford University, United Kingdom (2002). He has also attended several executive management and banking programs in leading institutions such as Citibank School of Banking, New York; Venture Capital Institute, Atlanta; Harvard Business School, Boston, Stanford Graduate School of Business, Stanford, California and Institut Européen d'Administration des Affaires (INSEAD).

He joined the Bank in 1992 as an executive trainee within the Credit Risk Management Group. In 1995, he was redeployed to the Oil & Gas Team as Relationship Officer in Lagos, and subsequently as Relationship Manager, Oil & Gas, Port Harcourt, Rivers State. From Port Harcourt, he was part of the project team that set up and thereafter managed GTBank’s first branch in Warri, Delta State between 1998 and 2000.

He has over twenty-four (24) years of broad and in-depth banking experience covering Corporate Banking, Commercial Banking, Credit Risk Management and Investment Banking.

He also worked as Relationship Manager, Institutional Banking Group in Kano State. In 2003, he was appointed Group Head, Corporate Finance, wherein he led the Bank’s core execution and advisory team that worked on several landmark debt syndications, capital markets and project finance transactions within the Nigerian Banking Sector.

Mr. Lawal is currently the Divisional Head, Digital Banking Division in the Bank.

He joined the Board of Directors on March 17, 2017.

Mrs. Olusanya has over 20 years of banking experience which spans through Transaction Services, Treasury, Assets and Liability Management, Corporate Finance and Wholesale Banking. She joined the Bank in 1998 and has been in charge of managing the Bank’s Naira and Foreign Currency Balance Sheet, Asset and Liability Position as well as Money Market, Foreign Currency and Bonds Trading.

She holds a Bachelor of Pharmacy degree from the University of Ibadan (1995) and a Master of Business Administration (Finance and Accounting) from the University of Liverpool (2011). She has attended a number of executive management and banking specific programs in leading educational institutions.

Mrs. Olusanya was a General Manager until her appointment. She is the Head, Wholesale Banking Division of the Bank.