France Varsity honours Parallex Bank MD with doctorate degree

Olufemi Bakre, managing director of Parallex Bank Limited, has been awarded an honorary doctorate degree by the prestigious City University of Paris, France.

This honour was conferred during a dinner at the Palace of Westminster Abbey, House of Lords, London, as part of the Global Sustainable Education and Leadership Conference 2024.

The conference, themed, “Fostering Sustainable Education for Global Transformation,” took place from 28–29 November 2024 at the University of Greenwich, London. Jointly organised by the African Scholars Care Initiative (ASCI) and the University of Greenwich, bringing together global thought leaders, academics, and policymakers to explore innovative approaches to achieving sustainable education as a catalyst for global transformation.

Olufemi Bakre’s recognition as an Honorary Doctorate recipient is a testament to his exceptional leadership and impactful contributions to the financial sector and beyond. As the pioneer and current Managing Director of Parallex Bank, he has championed innovative financial solutions, enabling possibilities for businesses and individuals while demonstrating an unwavering commitment to sustainable growth and development.

Bakre expressed heartfelt gratitude to the African Scholars Care Initiative and its partners for the honour and the insightful course, reaffirming his commitment to nurturing and empowering African children who, despite facing significant challenges, possess the potential to lead Africa to a brighter future.

Modestus Anaesoronye

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.