Formerly dominated by men, the Nigerian banking industry is gradually being overtaken by female banking gurus as the number of women leading the major banks in the country has increased in recent years.
Nigeria currently has 25 major banks with the number of female bank chief executives soaring from just one in 2019 to 10 in 2024, representing 36 per cent of Nigerian major banks' chief executive officers.
However, the list has consistently grown with the additions of Miriam Olusanya, Yemisi Edun, and Halima Buba, among others. On how women have been able to take their place in the male-dominated banking industry, Amolegbe said,"I would like to put it down to a coincidence of succession planning and, in some cases, possibly deliberate institutional policy to uplift and empower the fair gender. It could very well be that these two scenarios just happen to be playing out at about the same time."
She was also a member of the Board of the Nigerian Sovereign Investment Authority as a non-executive director and a director on the Board of Adamawa Homes and Savings Ltd. Somefun began her professional career with Peat Marwick and Co. and later moved to Arthur Andersen before becoming an executive director at Unity Bank Plc.She holds a first degree in History from the University of Ife, now Obafemi Awolowo University , and an M.Sc. in Industrial Relations & Personnel Management from the University of Lagos , graduating as the best student in her class.
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