Unity Bank Plc Appoints Ebenezer Ademola Kolawole as Acting Managing Director and retirement of Mrs. Tomi Somefun

Unity Bank Plc has announced the appointment of Mr. Ebenezer Ademola Kolawole as the Acting Managing Director of the bank, effective immediately. Mr. Kolawole’s appointment follows the retirement of Mrs. Tomi Somefun, who has served as the Managing Director and Chief Executive Officer (CEO) of Unity Bank Plc.

Mrs. Somefun will step down from her role after a distinguished tenure, marking the end of her leadership at Unity Bank. The bank expressed gratitude for her years of service and dedication.

Profile of Ebenezer Ademola Kolawole, Acting Managing Director, Unity Bank Plc

Mr. Ebenezer Ademola Kolawole brings over 30 years of banking and financial services expertise to his new role as Acting Managing Director of Unity Bank Plc. With a career that spans multiple sectors of the Nigerian financial services industry, Mr. Kolawole has established himself as a leader in finance, operations, and corporate strategy.

His professional journey began in 1992 at Caribbean Finance Limited (an affiliate of CFL in the Cayman Islands), where he started his career in Kaduna. Mr. Kolawole’s trajectory in the banking sector continued with his role at Ecobank, where he held several positions across Operations and Finance, eventually rising to the position of Deputy Financial Controller.

His career also includes a notable tenure at Standard Trust Bank (STB), where he played a key role in the STB/UBA merger. Following the merger, he served as the Chief Financial Officer (CFO) of United Bank for Africa (UBA), contributing significantly to the bank’s strategic growth.

Mr. Kolawole’s leadership was further demonstrated as the Group Chief Finance Officer (GCFO) at Mainstreet Bank, where he led critical turnaround and transformation initiatives. His diverse experience also extends beyond banking, having contributed to corporate business development at Globacom, Nigeria’s leading indigenous telecommunications company.

Educational and Professional Credentials
Mr. Kolawole is a distinguished academic with a First-Class Honours Degree in Accounting from Obafemi Awolowo University (OAU), Ile-Ife. He has also enhanced his professional expertise through executive education programs at prestigious institutions such as Columbia Business School in New York, USA, and The Wharton School of the University of Pennsylvania in Philadelphia, USA.

His professional affiliations include being a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), a Fellow of the Institute of Credit Administration (FICA), an Honorary Member of the Chartered Institute of Bankers of Nigeria (HCIB), and an Associate Member of the Nigeria Institute of Management (AMNIM). Additionally, he is a Member of the Institute of Directors.

About Unity Bank Plc

Unity Bank Plc is a leading Nigerian financial institution that provides a wide range of banking services to individuals, businesses, and governments across the country. Established in 2005, the bank has grown to become one of Nigeria’s prominent retail and commercial banks, known for its innovative financial products, customer-focused services, and commitment to driving economic growth.

Unity Bank offers an array of services, including savings and current accounts, loans, corporate banking solutions, and wealth management services. The bank caters to both the retail and corporate sectors, focusing on providing accessible and affordable financial solutions to meet the diverse needs of its customers.

With a strong presence across Nigeria, Unity Bank operates an extensive network of branches, ATMs, and digital banking platforms, ensuring that its customers have seamless access to banking services. Its digital banking offerings, such as mobile banking, internet banking, and USSD banking, have helped position the bank as a forward-thinking financial institution capable of meeting the evolving needs of Nigeria’s fast-growing digital economy.

Unity Bank’s dedication to corporate social responsibility (CSR) is reflected in its commitment to community development and support for various socio-economic initiatives. The bank places significant emphasis on education, healthcare, and environmental sustainability, striving to make a positive impact on the communities in which it operates.

Through its strong leadership, operational excellence, and customer-centric approach, Unity Bank continues to enhance its market position and contribute to the development of Nigeria’s financial services sector.

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