Tunde Lemo retires from CBN

Deputy Governor CBN, Tunde Lemo

Deputy Governor, Operations, Central Bank of Nigeria, Mr. Tunde Lemo, retires from the Central Bank of Nigeria (CBN) yesterday after serving the maximum of two terms of five years each in the bank since 2004.

Before joining the CBN, He was the Managing Director/Chief Executive Officer of Wema Bank Nigeria Plc between 2000 and 2003.

Lemo, born in 1959 attended Lisabi Grammar School, Ogun State and the University of Nigeria, Nsukka, where he emerged as the best graduating student in the Faculty of Social Sciences with a Bachelor of Science degree in Accountancy (First Class Division) in 1984.

While in CBN, he spear headed various reforms including the implementation of the banking sector consolidation resulting in the 24 stronger and well-capitalised banks, the restructuring of Abuja Security and Commodities Exchange and Nigeria Export Import Bank.

He was also instrumental to the introduction of Microfinance Policy and Supervisory Framework leading to emergence of over 800 microfinance banks.

Lemo was deputy to three successive governors of the CBN – Dr. Joseph Sanusi, Prof. Charles Soludo and Mr. Lamido Sanusi.