Pius Ajumobi, former MD of defunct National Bank, dies at 85 | TheCable

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Pius Ajumobi, a former managing director of the defunct National Bank, is dead.

Oluwagbemiga Olofin-Adimula, the traditional ruler of Isinkan, confirmed Ajumobi’s death to journalists on Saturday in Akure.AdvertisementAjumobi, who was also a top inspector with Central Bank of Nigeria before his retirement, was charged by the federal government with the task of repositioning, reforming and rebranding the National Bank, prior to its market re-capitalisation and sale.

Before to his assignment at the National Bank, Ajumobi had served as the comptroller of audit for the defunct Owena Bank.He was also an assistant director at the CBN before his appointment as the head of the department of bank examination for the Nigerian Deposit Insurance Corporation .He is survived by Olufunmilayo, his wife, children and grandchildren.

Ajumobi, who was reputed as an apostle of fiscal prudence and a no-nonsense disciplinarian, would be missed as one of the early pioneers of zero-tolerance culture for corruption in the public sector.

 

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