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Meet Femi Bakre, Owner of Parallex Bank Nigeria

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Parallex Bank, a lender in Nigeria launches officially as a commercial bank, with as MD/CEO, Ngnews247 reports.

Parallex Bank, which Managing Director is Femi Bakre – full name (Olufemi Nojeemdeen Bakre), today opened its doors to customers following an elaborate event in Lagos attended by high-profile figures.

(L-R) Board Members, Parallex Bank, Reverend Vale Odu-Thomas, Reverend Thomas Ehis Amenkhienan, Chairperson, Board of Directors Parallex Bank, Dr. Adeola Phillips, Managing Director of Parallex Bank, Mr. Olufemi Bakre, Former Executive Chairman, Nigerian Communication Commission, Mr Ernest Ndukwe, Deputy Governor of Delta State, Mr. Kingsley Otuaro, at the unveiling event of Parallex Bank at Victoria Island, Lagos, Friday 14th January, 2022.

The involvement of Femi Bakre, who is no stranger to banking, signals a promising start for Parallex Bank, Ngnews247 reports.

There are clear indications that the banking legend will use his extensive knowledge of the industry to champion innovative ideas that will propel the bank into the consciousness of Nigerians.

Who is Femi Bakre, Parallex Bank CEO

Bakre, the father of star Tobi Bakre, has devoted a large part of his life to the banking industry, where he has held many executive positions and achieved record-breaking successes.


Bakre has a broad knowledge of finance, which explains his meteoric climb in the banking world since his one-year mandatory NYSC service at the now-defunct Continental Merchant Bank in 1987.

After a decade of distinguished service at First City Monument Bank FCMB, where he departed as the executive director of institutional banking after a decade of distinguished service, he re-emerged at Parallex Bank as the Managing Director and Chief Executive Officer last year.

Barrister Kingsley Otuaro, Deputy Governor of Delta State, Otunba Lekan Osifeso, Ernest Ndukwe, Pastors and members of Christ Embassy Church, among others, were present for the official inauguration of the lender’s activities on Friday afternoon in Lagos.

Dr. Adeola Phillips chairs the dynamic board of Parallex Bank.


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Alamu Tosin

The writer is Alamu Tosin. I have three strong passions in life — football, blogging and movies — in that order. I love spending time with friends talking about the important things in life and hate nothing more than ‘authority’ and hypocrisy. My personal believe in life is that once an individual sets his/her mind to achieve something, it is totally possible. And oh!, I am a strong Lannister, because I always pay my debt. For writing or fixing gigs, contact

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