Cosmopolitan banker, Olufemi Nojeemdeen Bakre is no greenhorn when it comes to the issues of finance, accounting, and corporate governance. He has dedicated all his life to the banking profession sitting atop several managerial positions in the banking industry with record-breaking achievements to his credit. If you wake the Oluomo of Ago-iwoye from his sleep and ask him any question about Risk Management, Customer Service, Banking, Credit Analysis, and Financial Analysis, you would be marveled at his spontaneous answer. He is vast when it comes to the issues of finance which gave birth to his astronomic rise in the profession ever since his foray into the banking profession since his one-year mandatory NYSC service in 1987, serving at the defunct Continental Merchant Bank.
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After his long years of working at the First City Monument Bank FCMB, he resigned as the executive director of institutional banking after a decade of meritorious service to join Parallex Bank as MD and CEO. The Otunba Bobaselu of Awa Kingdom’s magic wand has turned the fortune of the moribund bank around to become one of Nigeria’s financial powerhouse; all thanks to his uncommon wizardry. Under his watch, the bank is winning big in its commitment to offering customers a limitless banking experience. Femi Bakre’s enriched workforce of seasoned, dynamic, and visionary professionals with the right mix of skills, expertise, and experience made the bank receive eight different international certifications to strengthen its services and enhance its top-notch banking services. The International Standards Organization (ISO) is a non-governmental organization that comprises standards bodies from more than 160 countries, with one standards body representing each member country, outlining the requirements and specifications a product, process, or service must meet to ensure its quality is consistent from country to country.
In July 2022, the bank received an initial international certification for business continuity and management, an information technology certification, and a certification that Parallex Bank has met all of the requirements to deliver managed IT services of acceptable quality to its customers. In the latest global certification last week, Parallex Bank received five certifications, which are: Payment Card Industry Data Security Standards (PCIDSS); COBIT 2019; ISO 27017; ISO 27031; and ISO 29100.