Zedvance Appoints Three Directors to Strengthen Board

In Short

• Zedvance Finance Limited has appointed three new directors to its Board.
• The appointments include an independent non-executive director, a non-executive director, and an executive director.
• The executive director appointment is subject to approval by the Central Bank of Nigeria.

What Happened

Zedvance Finance Limited, a Nigerian non-bank financial institution, has appointed three new board directors as it looks to strengthen corporate governance and support sustainable growth. The company announced the appointments on June 26, 2026.

The new directors are Mrs. Olaide Olusoji-Oke as an independent non-executive director, Mr. Joseph Adegunwa as a non-executive director, and Mr. Adegoke Orimolade as an executive director, subject to regulatory approval by the Central Bank of Nigeria, also known as the CBN.

An independent non-executive director is a board member who is not part of day-to-day management and is expected to provide oversight without conflicts of interest. A non-executive director is also not part of daily operations, but may not meet the “independent” standard depending on ties to the business.

Zedvance said Olusoji-Oke brings over 20 years of experience across finance, strategy, and governance, including CFO roles at ARM Investment Managers and Hygeia Nigeria. Adegunwa is an executive director for finance and strategy at Zedcrest Group and has held CFO roles at ARM Holding Company and Transnational Corporation Plc.

Orimolade has worked in consumer and retail lending for over two decades, and has held roles at FCMB, Credit Direct, and FastCredit. Zedvance said he has led business development and expansion efforts within the company.

Why It Matters

Board appointments are a key governance lever for lenders and other financial services firms, especially as regulators increase scrutiny of risk management and reporting. In practice, a stronger board can affect credit policy, audit oversight, and how fast a lender can scale new products.

For Zedvance, the mix of independent oversight and finance leadership signals a focus on controls and capital planning, alongside commercial growth in lending. The fact that one appointment requires CBN approval also highlights how closely regulated leadership changes can be in Nigeria’s financial sector.

The move follows a broader trend where fintech and non-bank lenders in Nigeria are tightening governance as they pursue larger funding pools and longer-term balance sheet growth.

On Liners, you can track Zedvance and its updates in Nigeria’s lending market.