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Olu Akanmu

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Olu Akanmu
BornOlu Akanmu
Osun State
🏳️ NationalityNigerian
💼 Occupation
📆 Years active  1998 — present
Known forDigital Banking
Notable workFintech
🥚 TwitterTwitter=
label65 = 👍 Facebook

Olu Akanmu is a Nigerian business person who has worked in telecommunication, banking, and the Nigerian fintech ecosystem. He was the Chief Executive Officer of Opay,[1] a fintech company with headquarters in Lagos, Nigeria, until July 2023. Since, he has been a financial inclusion and policy advocate.[2]

Early Life and Education[edit]

Akanmu was born in Nigeria and he attendend Lagelu Grammar School in Ibadan where he obtained his secondary education.[3] He later enrolled at Obafemi Awolowo University (formerly known as University of Ife) where he earned a Bachelor of Pharmacy degree in 1985.[4] Folling that, he obtained an MBA degree from Lagos State University.

He also pursed a management programme at the University of Witwaterstand, Johannesburg, South Africa and Heriot Watt University, United Kingdom.[5][6]

Career[edit]

Akanmu started his career as the Marketing Manager at Glaxo-Nigeria,[7] and later became the Chief Operating Officer at Society for Family Health. He later joined First City Monument Bank where he worked as the Executive Director[8][9] of Retail Banking.[10] Akanmu later received an FCMB's award of excellence in retail banking.[11]

Following a position as Chief Marketing Officer[12] at Airtel Nigeria[13] and at First City Monument Bank[14], he was appointed as the co-chief executive officer[15] of OPay Nigeria[16] Under his watch, Opay recorded impressive growth, especially during the Naira shortage in the country.[17]

Exit from Opay Nigeria[edit]

In July 2023 Olu Akanmu left Opay Nigeria after spending less than 2 years in the firm. His resignation raised concern[18] among those in fintech community. Mr. Akanmu's departure was particularly noteworthy because he had dedicated two years of his career to the fintech startup's growth and development and many in the tech community had associated Mr. Akanmu with Opay's success, and his departure raised questions about the company's future[19] direction and strategies.[20]

References[edit]

  1. "Olu Akanmu, CEO OPay Nigeria, talks emerging fintech markets". fintechmagazine.com. 16 February 2022. Retrieved 23 August 2023.
  2. Eto, Ekanem (October 1, 2022). "Without adequate financial inclusion, poverty can't be effectively eradicated — Opay boss". Vanguard Newspaper. Retrieved 23 August 2023.
  3. Rufus, Zion (11 February 2022). "The Lunch Hour, Olu Akanmu, President, OPay-Nigeria | Marketing Edge Magazine". Marketing Edge Magazine. Retrieved 23 August 2023.
  4. "Olu Akanmu Joins Opay Nigeria As Co-CEO - Brand Communicator". 13 November 2021. Retrieved 23 August 2023.
  5. "Olu Akanmu Joins Airtel As Chief Marketing Officer". innovation-village.com. Retrieved 23 August 2023.
  6. "Olu Akanmu joins Airtel as Chief Marketing Officer". IT News Africa | Business Technology, Telecoms and Startup News. 6 June 2012. Retrieved 23 August 2023.
  7. Rufus, Zion (11 February 2022). "The Lunch Hour, Olu Akanmu, President, OPay-Nigeria | Marketing Edge Magazine". Marketing Edge Magazine. Retrieved 23 August 2023.
  8. Okwe, Patrick (15 November 2021). "Olu Akanmu becomes president and co-CEO of Opay". Inclusion Times. Inclusion Times. Retrieved 23 August 2023.
  9. "FCMB introduces paperless, cardless transactions at branches, ATMs, POS terminals". www.premiumtimesng.com. Premium Times. March 16, 2021. Retrieved 23 August 2023.
  10. "Olu Akamu Biography - Biopreneur Nigeria". Retrieved 23 August 2023.
  11. "FCMB Group Plc Wins Big at Business Day Banking Awards". www.fcmb.com. First City Monument Bank. Retrieved 25 August 2023.
  12. Oladipo, Dotun (5 June 2012). "Olu Akanmu joins Airtel as Chief Marketing Officer". The Eagle Online. Eagle Online. Retrieved 25 August 2023.
  13. "Olu Akanmu Joins Airtel as Chief Marketing Officer". BrandCrunch Nigeria. 5 June 2012. Retrieved 25 August 2023.
  14. Ifeanyi, Ubah Jeremiah (14 November 2021). "Olu Akanmu, former FCMB director appointed as co-CEO of OPay". Nairametrics. Retrieved 23 August 2023.
  15. "Opay appoints former FCMB Director, Olu Akanmu as co-CEO". Technext24. 13 November 2021. Retrieved 23 August 2023.
  16. "Olu Akanmu, A Former FCMB Director, Has Been Named Co-CEO Of Opay | Online Courses | SIIT | IT Training & Technical Certification". siit.co. Retrieved 23 August 2023.
  17. Emmanuel, Ojukwu (31 July 2023). "CEO of Opay, Olu Akanmu, Steps Down From Position After Two Years". Tekedia. Retrieved 23 August 2023.
  18. Olowode, Khadijah (2 August 2023). "Sudden Resignation Of Opay Nigeria CEO Raising Dusts". The Gazelle News. Retrieved 10 September 2023.
  19. Adebayo, Philip (1 August 2023). "OPAY NIGERIA CEO, OLU AKANMU, RESIGNS AFTER 2 YEARS, SPARKS MIXED REACTIONS - BusinessWorld.Africa". Retrieved 10 September 2023.
  20. OLOWODE, KHADIJAH. "Sudden Resignation Of Opay Nigeria CEO Raising Dusts". The Gazellenews. Retrieved 25 August 2023.



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