Tunde Lemo

Tunde Lemo or Tunde O. Lemo (born 1959

Early life and education Lemo was born in 1959, and is a native of Ogun State.

Lemo attended the University of Nigeria Nsukka, where he graduated with First Class Honours in Accounting in 1984, and in 1997, became a Fellow of the Institute of Chartered Accountants of Nigeria.

Career He started his career from Arthur Anderson & Co in 1985 and from 2000 to 2003, Lemo served as managing director of Wema Bank Plc, and in 2003, became the deputy governor of operations and director of the Central Bank of Nigeria—serving as its deputy governor of financial surveillance sector.

Today, as the former chairman of the boards of Titan Trust Bank and Flutterwave, he continues to lend his expertise as an active member of numerous other boards.

On Monday 2 October 2021, Tunde blamed infrastructural decay as the reason why investors run away from Nigeria.

On Thursday 23 December 2021 Union Bank of Nigeria Plc, in a disclosure filed with the Nigerian Exchange Limited (NGX), announced that Tunde Lemo owned Titan Trust Bank Limited has reached an agreement with Union Global Partners Limited and other shareholders to acquire a combined 89.39 percent stake in Union Bank of Nigeria Plc.

National honour

In 2011, Lemo was awarded the national honour of Officer of the Federal Republic (OFR) by the Federal Government of Nigeria in recognition of his contributions to the banking sector.

Public policy contributions

During his tenure as Deputy Governor of the Central Bank of Nigeria from 2004 to 2014, Lemo played a central role in the banking sector consolidation that raised minimum capital requirements from ₦2 billion to ₦25 billion, contributing to the emergence of larger African and global banking players. He also led the modernisation of Nigeria's payments system, the rapid deployment of electronic banking, the formulation of the Microfinance Policy and Supervisory Framework, and the restructuring of the Abuja Securities and Commodities Exchange and the Nigeria Export-Import Bank (NEXIM).

In 2002, Lemo attended the University of Pennsylvania in the United States for an Advanced Management Program.

Personal life

Lemo is married to Yemi Lemo, who serves as a pastor in the Foursquare Gospel Church. In January 2025, Lemo was installed as Zonal Superintendent in the Foursquare Church, with his wife appointed as Senior Pastor in the same denomination. They have three children. His son Dapo studied economics at the University of Manchester.