Economy

Presco Plc Appoints Ademola Adebise as Independent Non-Executive Director

Presco Plc has announced the appointment of Mr. Ademola Adebise as an Independent Non-Executive Director to its Board of Directors.

The appointment, which fills a casual vacancy, will remain in effect until the company’s next Annual General Meeting.

Mr. Adebise is an accomplished professional with more than 33 years of experience spanning information technology, treasury, risk management, financial control, strategic planning, management consulting and corporate banking.

He is well known in the Nigerian financial sector, having previously served as Managing Director and Chief Executive Officer of Wema Bank Plc, where he led the development of Africa’s first fully digital bank, ALAT.

He has also held board-level positions in several institutions including AIICO Pension Managers Limited, the Financial Institutions Training Centre (FITC), Nigeria Inter-Bank Settlement Systems Plc (NIBSS) and Great Nigeria Insurance Plc.

He currently serves as a Non-Executive Director at AIICO Capital Limited and AIICO Insurance Plc, as well as an Independent Non-Executive Director at FCMB Group Plc. In addition, he is Chairman of Family Homes Fund Limited.

Mr. Adebise is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and the Chartered Institute of Bankers of Nigeria (FCIB).

He is also a member of the Computer Association of Nigeria (MCOAN), the Chartered Institute of Taxation of Nigeria (ACIT), and the Institute of Directors (IOD).

Presco Plc stated that Mr. Adebise brings extensive expertise and diversity to the Board and will complement its leadership team in driving progressive growth.

The Board extended a warm welcome to him and expressed confidence in his valuable contributions to the company.

The announcement was signed by Frederick Ichekwai, Company Secretary.