Gov. Oyebanji Names Seven-Member Board For Fountain Holdings Limited

October 28, 2023

Determined to boost the state’s investment drive, Ekiti State Governor, Mr Biodun Oyebanji has named a seven-member board to drive the state-owned Fountain Holdings Limited.

The members are:

1​. Mr. Jide Ogundare​-Chairman
2​. Ms Folakemi Fatogbe-Member
3​. Mr Akintunde Oyebode-Ex-Officio
4​. Mrs Tayo Adeola-​Ex-Officio
5​. Mrs Adenike-Yomi Faseun-Member
6​. Mr. Ayo Fakolade-​ Member
7​. Mr. Kunle Gidado​- Member



Jide Ogundare:
Mr Jide Ogundare, who is being re-appointed as Chairman of the Board of Fountain Holdings Limited, is CEO MBO Capital Management Limited, an equity firm that invests in small to medium sized companies in Nigeria and the rest of Anglophone West Africa.
Ogundare holds a first degree in Law from the School of Oriental and African Studies (SOAS), University of London, and called to the Nigerian Bar in 1987. He also holds an MBA from Cardiff Business School, UK.
His areas of expertise include client and investor relations, transaction structuring, policy and procedure development, and performance improvement.

Folakemi Fatogbe:
Folakemi Fatogbe, a banker and risk management expert was a former Director, Risk Management at the Central Bank of Nigeria (CBN). She is the Chief Executive Officer/Founder, De-Risking Lab, and the Creative Director/ Founder of Oyaato.
Fatogbe studied Communication Arts at the University of Ibadan and started her banking career at the Public Relations Department, Owena Bank. She later bagged an MBA in Finance and International Business at the Cardiff Business School, UK. From there, she went into UK banking sector and started in financial control and corporate strategy at the NatWest Banking Group, Head Office in the City of London.
She later worked for the Bank of England as a Senior Risk Analyst covering Emerging Markets, (African and Gulf banks). She also worked as Programme Director for Banking at NCR and from there to Lloyds Financial Markets, the Royal Bank of Scotland, and Chase Cooper Consulting as a Risk Consultant. She joined the CBN upon her return to Nigeria In the heat of the 2008/2009 global financial crises and served as Special Adviser to the CBN Governor on Banking Reforms and Risk Management as well as Director of Risk Management of the apex bank.

Adenike Yomi-Faseun:
Adenike Yomi-Faseun is a multi-skilled professional with over 26 years experience in migration management, business services support, global mobility, immigration advisory and compliance services, and tax compliance management.
She is a Supervising Partner in KPMG for Country Briefing engagements, where she has assisted various clients in educating their expatriate employees and dependants on the challenges of living and working in Nigeria. She leads corporate social responsibility (CSR) Team at KPMG Nigeria and supervises the implementation of impactful activities in the communities.
Adenike holds a Master of Business Administration (MBA) from Lagos State University, Ojoo, Lagos; and a Bachelor of Science degree in Sociology from the Obafemi Awolowo University (OAU), Ile-Ife.

Ayo Fakolade:
Ayo Fakolade, Founder of Compleo Legal, has significant and diverse expertise in commercial Law. He has advised several indigenous and foreign companies, development finance institutions, non-profit organisations and individuals on diverse issues.
Prior to founding Compleo Legal, Ay has had stints with Aluko & Oyebode, Nigeria’s leading Commercial law firm. He also worked at a holding company with subsidiaries in the financial, real estate and telecommunication sectors.
Ayo Fakolade holds a law degree from the University of Ibadan and a master’s degree in law from Northwestern Pritzker School of Law, Chicago, Illinois, USA. He also holds a Certificate in Private Equity, London Business School, UK.

Olakunle Gidado:
Gidado has an extensive experience in the oil and Gas sector and currently heads Nigeria- Lukoil International Trading and Supply Company. He had previously served as Managing Director and Regional Lead, BP Global West Africa, where he provided leadership for the delivery of BP supply and trading West Africa strategy including: access to refined product markets, biofuel and crude lifting opportunities and asset/infrastructure investments. He had previously worked in the United Kingdom and United States of America.
Gidado holds a bachelor’ degree in Accounting and a Master of Science degree in Finance from University of Houston, C.T. Bauer College of Business. He also holds an MBA from the Houston Christian University, Archie W. Dunham College of Business, USA.

Akintunde Oyebode:
Currently Ekiti State Commissioner for Finance, a position he is manning for a second consecutive term. He had previously served as Special Adviser to the Governor on Investment, Trade and Innovation.
Oyebode is a trained Economist who is passionate about sustainable development, investment and youth employment. He started his career as a Research Assistant at the Lagos Business School, before going into the banking industry where he spent over a decade in various roles with First City Monument Bank (FCMB) and Stanbic IBTC Bank, where he was Head of SME Banking. The 2002 Economics graduate of University of Lagos, Akoka, was the pioneer Executive Secretary of the Lagos State Employment Trust Fund (LSETF), established to provide financial support to residents of Lagos State, for job and wealth creation and to tackle unemployment.

Tayo Adeola:
Currently the Commissioner for Investment, Trade and Industry in Ekiti State, Mrs Adeola came into public service as a Special Adviser to the Governor on Investment, Trade and Industry.
Adeola is an investment banker with over 31 years cognate experience. She began her career with the ICON Limited (Merchant bankers) in 1991 and join Consolidated Discounts Limited in 1996 as a pioneer security dealer and managed assets in excess of $1,2billion. She later served as Managing Director of Capital Express Assets and Trust Limited and was Vice President, bank of America Merrill Lynch International where she managed assets in excess of $50 billion.

The date for the inauguration of the board would be announced later.

The Biodun Oyebanji administration is committed to working with individuals, corporate organisations and institutions in the bid to ensure growth and development in line with the shared prosperity mantra of the administration.

Yinka Oyebode
Special Adviser, Media

Last modified: October 28, 2023

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