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Tunde Lemo Biography, Wiki, Net Worth, Age, State, Career, Family, Titan Bank CEO

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Read more in detail about Tunde Lemo Biography, Net Worth, Wikipedia, State of Origin, Age, Family, Real Name, Titan Bank and Flutterwave

Tunde Lemo Wiki, Profile

Name:

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Tunde Lemo

CEO:

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Titan Bank • Flutterwave

Date of Birth:

_ _ 1959

Age:

61 Years

State of Origin:

Ogun State

Net Worth:

$10 million – $50 million

Tunde Lemo Biography and Net Worth

Tunde Lemo Biography

Tunde Lemo or Tunde O. Lemo was born 1959 is a Nigerian banker and former deputy governor of operations and director of the Central Bank of Nigeria. As of 2018, he serves as chairman of the Federal Roads Maintenance Agency (FERMA).

Tunde Lemo Education, Early Life

Lemo was born in 1959, and is a native of Ogun State. His mother, Eunice Olufolake Lemo (11 November 1932 — 9 May 2018), was a school teacher.

Lemo attended the University of Nigeria Nsukka, where he graduated with First Class Honours in Accounting in 1984, and in 1997, became a Fellow of the Institute of Chartered Accountants of Nigeria. He is also a Fellow of the Chartered Institute of Bankers.

Tunde Lemo Career

He started is career from Arthur Anderson & Co in 1985 and from 2000 to 2003, Lemo served as managing director of Wema Bank Plc, and in 2003, became the deputy governor of operations and director of the Central Bank of Nigeria—serving as its deputy governor of financial surveillance sector.

On 2 January 2004 Lemo became the director and chairman of the Abuja Securities & Commodity Exchange Plc.

He was a non-executive director of Africa Finance Corporation since 16 May 2007.

On Friday 6 October 2017 President Muhammadu Buhari of Nigeria approved his appointment as the new chairman of the Federal Emergency Road Maintenance Agency (FERMA). He effectively became a chairman of the agency in July 2018 joined by six new members of the board and a new managing director.

He is the chairman of Titan Bank and Flutterwave and sits on many other boards.

On Monday October 2, 2021, Tunde blamed infrastructural decay as the reason why investors run away from Nigeria.

Tunde Lemo Titan Bank

Titan Trust Bank was approved as a national commercial bank in Nigeria in 2019 and commenced operation in October of the same year. The bank currently has two bank branches and styles itself as a digital bank, a common focus for newer banks looking to challenge the more established commercial banks. The company is not a quoted company and as such does not publish its financial statements publicly. However, we did get a copy.

  • In its financial statement, Titan Bank reported gross earnings of N8.5 billion in 2020 up from N2.5 billion reported a year earlier when it just commenced operations. It commenced operations in October 2019.
  • Profit after tax was N2.9 billion delivering a return on average equity of about 8%.
  • The company has customer deposits of about N85.9 billion and loans and advances of about N38.7 billion.
  • Its Net Assets as of 2020 is N32.9 billion.
  • Most of the company revenues come from fees generated from Letters or credits and from trading forex.

Tunde Lemo

Tunde Lemo net is yet to be reviewed.

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