Here is a comprehensive Adesola Kazeem Adeduntan biography.
Dr. Adesola Kazeem Adeduntan, widely recognized as “Sola,” is a highly esteemed Nigerian banker, financial expert, and corporate leader.
Over the years, he has made a significant impact in Nigeria’s financial sector, particularly through his role as the Group Managing Director and Chief Executive Officer (CEO) of First Bank of Nigeria Limited.
Under his leadership, the bank experienced remarkable growth, digital transformation, and international expansion.
Born on May 7, 1969, in Ibadan, Oyo State, Nigeria, Dr. Adeduntan’s journey to success is marked by dedication, academic excellence, and strategic leadership.
His deep understanding of financial systems, corporate governance, and risk management has positioned him as one of the most influential figures in Nigeria’s banking industry.
Adesola Kazeem Adeduntan Biography Overview
| Attribute | Details |
|---|---|
| Full Name | Adesola Kazeem Adeduntan |
| Nickname | Sola |
| Date of Birth | May 7, 1969 |
| Place of Birth | Ibadan, Oyo State, Nigeria |
| Nationality | Nigerian |
| Marital Status | Married to Adenike Adeduntan |
| Children | Three |
| Education | DVM from University of Ibadan; MBA from Cranfield University |
| Professional Certifications | Fellow of the Institute of Chartered Accountants of Nigeria; Fellow of the Chartered Institute of Bankers of Nigeria |
| Notable Positions | Former Group Managing Director/CEO of First Bank of Nigeria Limited |
Early Life and Education of Adesola Kazeem Adeduntan
Dr. Adeduntan was raised in Ibadan, where he developed a keen interest in academics and leadership from an early age.
He attended Ibadan Municipal Government Primary School (IMG), Adeoyo, before proceeding to Urban Day Grammar School, Old Ife Road, Ibadan, for his secondary education.
His leadership abilities were evident as he served as the Deputy Senior Prefect during his final year in 1985/86.
In pursuit of higher education, he gained admission to the prestigious University of Ibadan, where he earned a Doctor of Veterinary Medicine (DVM) degree between 1986 and 1992.
Realizing his passion for finance and business management, he pursued an MBA at Cranfield University, UK, in 2005 as a British Chevening Scholar.
His thirst for knowledge also led him to executive programs at Harvard Business School, Stanford University, and the Wharton School.
In recognition of his contributions to finance, Cranfield University awarded him an Honorary Doctorate of Science in 2022.
Adesola Kazeem Adeduntan Professional Certifications
Dr. Adeduntan is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Bankers of Nigeria (CIBN). These certifications affirm his expertise in financial management, corporate governance, and risk assessment.
Adesola Kazeem Adeduntan Career
Arthur Andersen/KPMG (1995 – 2005)
Dr. Adeduntan’s career began at Arthur Andersen (now KPMG) in 1995, where he quickly rose to the position of Senior Manager in the Financial Services division.
His responsibilities included strategy formulation, audit, mergers and acquisitions, and process improvement for major Nigerian banks.
Citibank Nigeria Limited (2005 – 2007)
In 2005, he transitioned to Citibank Nigeria Limited, serving as Senior Vice-President and Chief Financial Officer. In this role, he was responsible for financial reporting, risk management, and regulatory compliance.
Africa Finance Corporation (2007 – 2014)
Dr. Adeduntan joined the Africa Finance Corporation (AFC) in 2007 as Director, Chief Financial Officer, and Business Manager.
His tenure saw him oversee finance, treasury, and corporate planning, contributing to the corporation’s capital-raising initiatives.
First Bank of Nigeria Limited (2014 – 2024)
In 2014, he joined First Bank of Nigeria Limited as Executive Director/Group Chief Financial Officer.
By January 2016, he had been appointed Managing Director and CEO.
Under his leadership, the bank saw substantial digital transformation, operational restructuring, and geographic expansion across Africa, the UK, and China.
Adesola Kazeem Adeduntan Personal Life
Dr. Adeduntan is happily married to Adenike Adeduntan, and together they have three children. Despite his demanding career, he prioritizes family life and is known for his philanthropy in education and financial literacy initiatives.
Recent Developments
After three successful terms, Dr. Adeduntan stepped down as CEO of First Bank in April 2024. His leadership was instrumental in positioning the bank as a leader in digital banking and financial inclusion in Nigeria.
Frequently Asked Questions
What were Dr. Adeduntan’s major achievements at First Bank?
During his tenure, he led the bank’s digital transformation, expanded its international footprint, and improved financial performance. His efforts significantly contributed to the bank’s modernization and increased customer base.
What is Dr. Adeduntan’s educational background?
He holds a Doctor of Veterinary Medicine (DVM) from the University of Ibadan and an MBA from Cranfield University. He has also attended executive programs at Harvard Business School, Stanford University, and the Wharton School.
What roles did Dr. Adeduntan hold before joining First Bank?
Before joining First Bank, he worked at Arthur Andersen/KPMG, Citibank Nigeria, and Africa Finance Corporation, where he held key leadership positions in financial management.
What is Dr. Adeduntan’s current engagement?
As of March 2025, there is no publicly available information regarding his professional engagements after leaving First Bank.
How did Dr. Adeduntan contribute to financial inclusion in Nigeria?
He played a key role in promoting digital banking, expanding access to financial services for underserved communities, and implementing policies aligned with Nigeria’s financial inclusion goals.
Dr. Adesola Kazeem Adeduntan’s career is a testament to resilience, leadership, and innovation in the banking sector. His contributions have left a lasting impact on Nigeria’s financial landscape.
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