Wema Bank Plc has appointed engineer Wilson Chiedu Agu as an independent non-executive director following approval from the Central Bank of Nigeria.
The appointment, which took effect on 3 March, was announced by the bank in a statement on 13 March as part of efforts to strengthen its corporate governance framework.
As an independent non-executive director, Agu will provide oversight, strategic guidance and support for strong corporate governance at the bank while representing the interests of shareholders.
A structural engineer by training, Agu has more than 35 years of experience spanning consultancy, information technology, cyber security and business development.
According to the bank, he has demonstrated strong corporate governance expertise within Nigeria’s technology ecosystem. He previously served on the governing board of the National Information Technology Development Agency, where he chaired the Committee on Standards, Guidelines and Regulations and supported the implementation of the National IT Policy and the COBIT 5 framework.
Agu also worked with Precise Financial Systems between 2018 and 2020 on banking automation solutions.
He is currently involved in infrastructure development for industrial parks and free trade zones as lead partner at Eagle Industrial and Energy Limited.
His contributions across both the public and private sectors have earned him several recognitions, including the Professional Fellowship Doctorate awarded by the Institute of Corporate and Public Administration of Nigeria, as well as membership of the Institute of Software Practitioners of Nigeria.
Wema Bank said the appointment forms part of ongoing efforts to reinforce its governance structure following the successful completion of its recapitalisation programme as a national bank.
The bank’s capital base currently stands at about N265 billion, exceeding the N200 billion requirement for national banking licences.
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