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Excitement as Parallex Bank launches with Femi Bakre as CEO



Excitement as Parallex Bank launches with Femi Bakre as CEO

Parallex Bank, a lender in Nigeria today launches officially as a commercial bank, with Femi Bakre as MD/CEO, ENigeria Newspaper reports.


Parallex Bank, which Managing Director is Femi Bakre – full name (Olufemi Nojeemdeen Bakre), today opened its doors to customers following an elaborate event in Lagos attended by high-profile figures.

The involvement of Femi Bakre, who is no stranger to banking, signals a promising start for Parallex Bank, ENigeria Newspaper reports.

There are clear indications that the banking legend will use his extensive knowledge of the industry to champion innovative ideas that will propel the bank into the consciousness of Nigerians.


Bakre, the father of BBNaija star Tobi Bakre, has devoted a large part of his life to the banking industry, where he has held many executive positions and achieved record-breaking successes.

Bakre has a broad knowledge of finance, which explains his meteoric climb in the banking world since his one-year mandatory NYSC service at the now-defunct Continental Merchant Bank in 1987.

After a decade of distinguished service at First City Monument Bank FCMB, where he departed as the executive director of institutional banking after a decade of distinguished service, he re-emerged at Parallex Bank as the Managing Director and Chief Executive Officer last year.

Barrister Kingsley Otuaro, Deputy Governor of Delta State, Otunba Lekan Osifeso, Ernest Ndukwe, Pastors and members of Christ Embassy Church, among others, were present for the official inauguration of the lender’s activities on Friday afternoon in Lagos.


Dr. Adeola Phillips chairs the dynamic board of Parallex Bank.

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