CBN confirms Tomi Somefun as Unity Bank MD/CEO

The Central Bank of Nigeria (CBN), has confirmed the appointment of Mrs. Tomi Somefun as the Managing Director/Chief Executive Officer of Unity Bank Plc. This is coming on the heels of the departure of Henry J. Semenitari, who resigned his appointment with the Bank last month.

The confirmation of Mrs. Tomi Somefun was contained in a letter to the Bank dated August 10, 2015, signed by its Director of Banking Supervision.

An experienced professional with a depth of experience and knowledge of the Finance Industry, Tomi has over three decades of cognate experience of which 26 years were in the Banking Sector.

She started her career in Accounting and Financial Consulting with Peat Marwick & Co, and subsequently Arthur Andersen & Co (now KPMG). She has worked in several areas across the Industry, spanning Treasury & Institutional Banking, Investment Banking, Retail and Commercial Banking. Prior to joining Unity Bank, she had a distinguished career with United Bank for Africa where she managed and sat on the board of several subsidiaries, including being the maiden CEO of UBA Pensions Custodian which she managed for eight years, as well supervising the South-West Region of the Bank.

She possesses special skills which include leading and developing highly effective teams, implementing strong strategy definition and execution skills which she has enhanced through a combination of top class local and international trainings.


Prior to her appointment, Tomi was the Executive Director responsible for Lagos and South West Regional Operations, and oversight on Treasury and Financial Institutions Division.

She holds a B.A. (Hons) in English Language (Second Class Upper Division) from the Obafemi Awolowo University. She is a Fellow of the Institute of Chartered Accountants of Nigeria and has benefitted from numerous Executive Education Programmes from INSEAD, Harvard Business School, University of Columbia, and Wharton Business School.