Retired CBN Board Members
Mr. Tunde Lemo (OFR)
Deputy Governor,Operations Directorate
Served in the CBN from 1/1/2004 To 1/10/2014
Tunde Lemo is a fellow of the Institute of Chartered Accountant of Nigeria as well
as fellow of the Chartered Institute of Bankers with significant leadership and top
management experience in both the public and private sectors spanning over 26 years.
He holds a Bachelor of Science degree in Accountancy (first class division)
from the University of Nigeria, Nsukka in 1984 where he won seven academic laurels,
including the Best overall graduating student in the Faculty.
He attended Advanced Management Programme (AMP) at the Wharton College, University of
Pennsylvania, Philadelphia, U.S.A in 2002 as well as executive training programmes in
world class institutions including Harvard University, INSEAD, Fontainbleau, France,
Brandies University, Boston etc.
Currently, he is serving as Deputy Governor in charge of Operations,
Central Bank of Nigeria, in which role he is driving the industry-wide shared services
initiative towards achieving efficient banking services with 30% cost savings for the
Nigerian banking industry and greater penetration of banking services. He equally
provides strategic direction and supervises five departments of the Central Bank of
Nigeria including Reserve Management, Banking and Payments System, Currency Operations,
Branch Operations and Information Technology departments. Prior to this, he was Deputy
Governor, Financial Systems Surveillance. He is an experienced and versatile public
officer and financial manager. His contributions to public policy include the
implementation of the Banking Sector Consolidation, formulation and implementation of
the Microfinance Policy and Supervisory Framework both under the supervision of the
Governor. He also led the restructuring of Abuja Security and Commodities Exchange
and Nigeria Export Import Bank (NEXIM), as the Chairman of both institutions.
As Vice Chairman Technical Committee for the establishment of Africa Finance Corporation
(AFC), he participated actively in the establishment of the Pan-African investment
institution where he still serves as a Director..
Prior to his appointment as Deputy Governor, he had led the transformation of Wema
Bank Plc as MD/CEO between 2000 and 2003 resulting in the bank’s superlative performance
which made it rank as one of the top ten most profitable commercial banks in Nigeria
His major strengths are his passion for excellence, ability to transform challenges
into opportunities, integrity and exceptional people-management and problem solving
skills. This is complemented with strong inter-personal and negotiation skills as well
as sound analytical and financial management capabilities. He leverages his diverse
exposure and works effectively with people of different background in the private and
He is excited by the opportunities to formulate policies that will raise people’s standard of living and regularly render volunteered and community development services through Tunde Lemo Foundation.