Billionaire Femi Otedola Appointed Non-Executive Director of First Bank Holding Plc Amidst Shareholder Changes (

Billionaire Femi Otedola Appointed Non-Executive Director of First Bank Holding Plc Amidst Shareholder Changes


United Capital Plc, a leading investment bank and financial services company, has announced the appointment of Ayodeji Adigun as the Executive Director and Chief Operating Officer (COO).

Adigun, a highly experienced financial services executive, brings over 30 years of expertise to his new role.

With a solid background in risk management, compliance, finance, and business transformation, Ayodeji Adigun is poised to lead United Capital’s operations and ensure that the company’s strategic objectives are effectively translated into operational capabilities.

His appointment is expected to further bolster United Capital’s position as a key player in the financial industry.

Commenting on the appointment, Peter Ashade, the Group CEO of United Capital Plc, said, “We are delighted to welcome Ayodeji to the United Capital family. He is a seasoned and well-respected financial services executive with a proven track record of excellence. I am confident that he will be a valuable asset to our team and will assist us in achieving our strategic goals.”

Prior to joining United Capital, Adigun served as the Executive Director/COO at Nova Merchant Bank Limited. He also held various senior positions at the UBA Group, including General Manager and Chief of Staff to the GMD/CEO, Chief Operating Officer, and Chief Finance Officer (Northern Region), among others.

In his new role, Ayodeji Adigun will oversee United Capital’s operations, with a focus on risk management, compliance, finance, and treasury functions.

By aligning the company’s operational capabilities with its strategic objectives, Adigun aims to enhance efficiency and drive sustainable growth.

United Capital Plc’s ambitious plans to expand its commercial operations and geographical footprint into new markets will greatly benefit from Adigun’s expertise and leadership.

Ayodeji Adigun’s educational background further underscores his qualifications for this critical role. He graduated from the University of Lagos with a Bachelor of Science degree in Accounting, earning First Class Honours.

Also, he is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN), an associate member of the Chartered Institute of Management Accountants (CIMA) in the UK, and a member of the Chartered Institute of Taxation of Nigeria (CITN).

United Capital’s announcement of Ayodeji Adigun’s appointment comes on the heels of the company’s recognition as one of Africa’s fastest-growing companies in 2023 by the Financial Times and Statista. The appointment demonstrates United Capital’s commitment to attracting top talent and fostering operational excellence as it continues to expand its presence in the financial services industry.

With Adigun’s appointment as Executive Director/COO and the addition of other esteemed directors to its board, United Capital Plc is well-positioned to navigate the evolving financial landscape and deliver innovative solutions to its clients. As the company strives to become a financial and investment role model across Africa, the expertise and strategic vision brought by Adigun and the new board members will undoubtedly play a pivotal role in its success.

United Capital Plc remains focused on its mission to transform the African continent by offering a comprehensive suite of services, including Investment Banking, Asset Management, Trusteeship, Securities Trading, Wealth Management, and Consumer Finance. Through innovation, technology, and specialist skills, the company aims to exceed client expectations and create sustainable value for all stakeholders.

With Ayodeji Adigun’s appointment marking a new chapter in United Capital’s growth journey, the company is poised to reach new heights of success in the dynamic and ever-changing financial landscape of Africa and beyond.

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