Tunde Lemo is a distinguished Nigerian financial expert and administrator, celebrated for his pivotal role as Deputy Governor of the Central Bank of Nigeria and leadership in key public and private institutions.
Profile Summary
| Full name | Tunde O. Lemo |
| Date of birth | December 28, 1959 |
| Place of birth | Abeokuta, Ogun State, Nigeria |
| Nationality | Nigerian |
| State of origin | Ogun State |
| Partner | Oluyemi Olabisi Lemo (Yemi Lemo) |
| Children | Three children; one grandchild |
| Occupations | Banker, financial expert, former CBN Deputy Governor, public administrator |
| Net worth | Approximately $50 million |
Early Life and Education
Born in 1959 in Abeokuta, Ogun State, Nigeria, Tunde Lemo grew up as an indigene of the region. Some accounts specify his birthdate as December 28, 1959, at Sacred Heart Hospital in Abeokuta.
He attended St John’s Anglican Primary School and Lisabi Grammar School in Abeokuta before earning a First Class Honours degree in Accountancy from the University of Nigeria, Nsukka, in 1984. He holds fellowships from the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers.
Career
Lemo started his professional journey at Arthur Andersen & Co. in 1985, building expertise in auditing and consulting. He rose to Managing Director and CEO of Wema Bank Plc from 2000 to 2003, steering the institution through expansion in Nigeria’s dynamic financial environment.
In January 2004, President Olusegun Obasanjo named him Deputy Governor of the Central Bank of Nigeria (CBN), a role he fulfilled until retiring in 2014. There, he oversaw financial surveillance, drove the 2005 banking consolidation that streamlined 89 banks into 25, and advanced microfinance policies for greater inclusion.
After CBN, Lemo chaired the Federal Roads Maintenance Agency (FERMA) to bolster infrastructure, led Ogun State’s 2019 transition committee under Governor Dapo Abiodun, and took board seats including at Titan Trust Bank. He continues engaging on issues like President Tinubu’s pro-poor tax reforms.
Personal Life
Tunde Lemo is married to Oluyemi Olabisi Lemo, known as Yemi Lemo, who works as an educationist and school administrator. The couple has three children and one grandchild. He also engages in philanthropy and serves as a church minister.
Net Worth
Tunde Lemo’s net worth is estimated at around $50 million, drawn from his extensive banking career, board positions, and investments in financial and infrastructure sectors.
Awards and recognition
Lemo received the national honour of Officer of the Federal Republic (OFR) in 2010 from President Goodluck Jonathan. His professional accolades include fellowships from the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers.
