In September 2024, I had the privilege of addressing MBA students at the University of Cambridge’s Judges Business School. Reflecting on my career, particularly my time as CEO of Wema Bank, I shared key lessons on innovation, leadership, and resilience.
1. Embrace Innovation to Stay Ahead
During my tenure, we identified a gap in the market for a fully digital bank, leading to the creation of ALAT, Nigeria’s first fully digital bank. This project transformed Wema Bank’s image and allowed us to compete with larger banks. It was a testament to how bold ideas can spark industry-wide change.
2. Resilience is Key in Turbulent Times
Navigating Wema’s capital challenges and the hyper-competitive banking industry taught me that resilience and adaptability are critical to survival. Setbacks should fuel your desire to innovate and thrive.
3. Seek Mentors and Take Calculated Risks
Throughout my journey, mentors played a crucial role. Taking calculated risks, such as joining Wema as part of a turnaround team, was pivotal. Risks often open doors to the greatest opportunities.
4. Balanced Life and Faith
I emphasized the importance of maintaining a balanced life and drawing strength from faith and family. My career successes were deeply intertwined with spiritual guidance and strong family support.
These lessons, drawn from real-world experiences, underscore the need for continuous learning, a growth mindset, and the courage to innovate. As you navigate your own career, I encourage you to stay resilient, seek out mentors, and embrace innovation. Remember, your willingness to take risks and adapt will be the foundation for long-term success.
Stay bold, stay focused, and keep pushing boundaries.
