FairMoney Appoints Gbenga Shobo and Debo Aderoju to Board

FairMoney Microfin Bank announced the appointments of Gbenga Shobo as Chairman of the Board and Debo Aderoju as Executive Director and Chief Risk Officer. This move is part of the bank's ongoing efforts to strengthen its corporate governance and executive leadership as it expands its footprint in Nigeria's rapidly growing digital financial services sector.

Gbenga Shobo brings 35 years of banking experience, having previously served as Deputy Managing Director at First Bank Nigeria Limited, where he played a pivotal role in driving digital banking growth. He has extensive board-level experience across various financial institutions.

Debo Aderoju, with two decades of experience in credit management and enterprise risk management, previously served as Managing Director and Chief Executive Officer at Letshego Microfin Bank Nigeria. His career includes significant roles at First Bank Nigeria Limited and the African Development Bank.

These appointments are subject to regulatory approval and are expected to enhance FairMoney's governance framework and operational capacity.