Abbey Mortgage Bank appoints Adenike Kuti as independent director

Abbey Mortgage Bank, a mortgage lender in Nigeria, has announced the appointment of Adenike Kuti as a new independent non-executive director to its board, effective immediately

Kuti is a chartered accountant and corporate finance professional, with a background in business development, mergers & acquisitions, and investment banking.

She obtained her first degree in accounting from the University of Lagos and a master’s degree in Finance and Investment with First Class Honors from the Nottingham University Business School. She also holds an MBA from the University of Oxford.

Kuti has worked for Leapfrog Investments Limited, Africa Finance Corporation, KPMG, and Vetiva Capital Limited. As an Associate Director of Leapfrog Investments, she structured, executed, and managed its investment portfolio of 350m USD in Ghana, Kenya, and Nigeria.

She founded Oakheirs Limited, which played a pivotal role in the merger of CAP Plc and Portland Paints Plc. She also sits on the Board of E-finance Limited as a Non-Executive Director.

The Board is of the firm belief that this appointment would further promote diversity and inclusion in the Board structure.

“We welcome Adenike Kuti with great enthusiasm,” stated Mobolaji Adewumi, managing director of Abbey Mortgage Bank. “Her wealth of experience in financial management, strategic leadership, and corporate finance will undoubtedly contribute to our continued success.”