FCMB Executive Director Acquires Shares Worth N5.8Million

Olufemi Badeji, the Executive Director, First City Monument Bank (FCMB) | Brand Spur

Olufemi Badeji, the Executive Director, First City Monument Bank (FCMB), purchased 2,000,000 ordinary shares of the company.

The management disclosed in a statement signed by Olufunmilayo Adedibu, Company Secretary, FCMB.

Insider dealings give clues on insiders’ sentiment and director unlike before the new transparent policy where shareholders do not know what executives that formulates policy that impacts their desire stocks are doing.

Olufemi Badeji bought 2,000,000 FCMB shares at an average price of N2.94 on 14th, 17th and 18th May 2021 (see below) on the trading floor of the Nigerian Exchange Limited.

Olufemi Badeji, the Executive Director, First City Monument Bank (FCMB) | Brand Spur
  • N2.99 – 50,000 Units
  • N2,94 – 20,000 Units
  • N2.91  – 500,000 Units
  • N2.90 – 1,430,000 Units

Brief profile of Olufemi Badeji

Femi Badeji holds a Bachelor of Science degree (Magna Cum Laude) in Electrical Engineering, with a minor in Mathematics from the University of Hartford, and a Master of Science in Electrical Engineering, with specialization in Computer and Communication Networks, from Worcester Polytechnic Institute.

In addition, Mr. Badeji holds a Master of Business Administration degree, with specialization in Finance and Accounting from the Wharton School, University of Pennsylvania.

Mr. Badeji has over 20years working experience in Engineering and Banking gained in the United States of America, South Africa and Nigeria. He was appointed as an Executive Director of FCMB Group Plc in October 2019.

FCMB Reports 31.1% Rise in Profit to ₦19.6B in 2020, Proposes 15K Final Dividend

  • Gross revenue of ₦199.4 billion for the twelve months ended December 2020, was a 10% growth from ₦181.3 billion for the same period the prior year.
  • Profit after tax (PAT) of ₦19.6 billion, for the full-year 2020, rose 13% Year-on-Year.

FCMB Introduces Paperless and Cardless Transactions at Branches, ATMs and POS Terminals Brandspurng

The Board of Directors recommended a cash dividend of 15 kobo per issued and paid-up ordinary share for the year ended 31 December 2020 (2019:14kobo). This is subject to approval at the Annual General Meeting.