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First City Monument Bank (FCMB) Limited has appointed Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors, following approval from the Central Bank of Nigeria (CBN).
This is also as Bluecode Africa, the European payments infrastructure operator named former Deputy Governor of the CBN, Prof Kingsley Chiedu Moghalu as Chairman, Advisory Board of its Nigerian subsidiary, Bluecode Payments Nigeria Limited.
Rewane, the Managing Director at Financial Derivatives Company Limited, a top financial advisory and economic research firm has previously served on the boards of blue-chip companies and multinationals, including Guinness Nigeria Plc., British American Tobacco, Henkel Nigeria Limited, Top Feeds Nigeria Limited, and Africa Infrastructure Plus Partners.
A statement issued by the FCMB Group said its Board of Directors of First City Monument Bank ‘welcomes Mr. Rewane.’
“The Bank is confident that his expertise in macroeconomics, corporate governance, and strategic management, together with the Bank’s stronger capital base, will strengthen its leadership and help drive the next phase of growth while continuing to deliver value to stakeholders.”
Meanwhile, Moghalu who now chairs Bluecode Africa subsidiary in Nigeria
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
Bluecode Africa, the European payments infrastructure operator backed by leading United States and European institutional investors.
Bluecode Africa has formally entered the Nigerian market.
The appointment was jointly announced by Chris Pirkner, Founder of Bluecode, and Odin Krismayr, Managing Director of Bluecode Africa, who described it as a foundational governance decision for the company’s Nigerian and continental operations.
Moghalu led the CBN team that introduced the unique-identifier Bank Verification Number (BVN), enrolling 50 million banking users, simplifying Know Your Customer (KYC) procedures, and doubled Nigeria’s financial inclusion rate from 33 to 60 per cent.
