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January 12th, 2017
Bola Onadele

Bola Onadele

Bola Onadele, FMDQ OTC Chief Executive Officer

Bola Onadele, also known as Koko, serves as Managing Director of FMDQ OTC PLC.

Onadele founded Financial Datanet House Limited in 2001 and serves as its President.

Onadele commenced his banking career with First City Merchant Bank (FCMB) in 1990 and later moved to Nigeria International Bank (Citibank Nigeria) in 1991.

He left Citibank Nigeria in 1998 to re-join FCMB as the Vice President, Treasury & Financial Services Group.

In 2002, he assumed duty as the Managing Director/Chief Executive Officer of Trust Bank of Africa Merchant Bankers to champion the turn around of the bank.

He was the Chief Operating Officer of Leadbank between 2003 and 2005.

He is a leading banker in the areas of derivatives products. In 2001, he structured the $130 million foreign exchange swap that facilitated the payment of the $285 million license fee for Econet Wireless, now known as Zain Nigeria.

He championed a number of market development activities of the Money Market Association of Nigeria (MMAN) now Financial Market Dealers Association (FMDA) especially in the areas of financial infrastructure.

He also served as the Chairman of the pilot committee on the establishment of a Futures Exchange in Nigeria.

He is also a commentator on the financial markets and delivers papers on market risk management.

In 2002, he developed e-Noodles, a Foreign Exchange Money Market course with an electronic FX trading game and in 2005 he successfully developed Gilts Game, a bond trading course with electronic bond trading simulation and Zerocs, a Treasury bills course with a simulation game.

He has had considerable exposure to the international financial markets.

He has developed an over 10-year relationship with the British Bankers’ Association which he consults regularly to the benefit of the Nigerian financial markets.

He was a facilitator for the Citibank Bourse Game Foreign Exchange and Money Market Simulation course in Nigeria and Ghana from 1997 to 1998.

He served as a Director of the Nigeria Inter-Bank Settlement System (NIBSS) since 2000.

He is the Head of FDHL Faculty.

He also served as faculty member of the Lagos Business School/MBC International Bank Treasury Simulation Course.

In 2000, he championed and facilitated the first ever Regulator (CBN) and Practitioners (R&P) workshop on Foreign Exchange Management issues in Nigeria.

In 1989, he was awarded the ICAN prize for the best overall performance in the November professional examinations.

He completed his articles with Coopers & Lybrand now PriceWaterhouseCoopers (PwC). 

Onadele is a Second Class Upper Division graduate of Economics from the University of Ibadan.

He is an alumnus of the prestigious Columbia University and University of Pennsylvania-The Wharton School and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

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