FairMoney Announces Key Appointments to Drive Banking Operations in Nigeria
These appointments underscore FairMoney’s commitment to strong governance, regulatory compliance, and sustainable growth.
FairMoney is reinforcing its leadership team as it scales banking operations in Nigeria with the appointment of Gbenga Shobo as Chairman of the Board and Debo Aderoju, MBA, FCIB, MCIB, as Executive Director and Chief Risk Officer, subject to regulatory approval.
Gbenga Shobo brings over 35 years of banking experience, including his role as Deputy Managing Director at First Bank of Nigeria Limited, where he was instrumental in driving digital banking growth and overseeing major revenue-generating units. Adebowale (Debo) Aderoju joins FairMoney with more than two decades of expertise in credit management and enterprise risk leadership. He previously served as CEO of Letshego Microfinance Bank Nigeria and held senior roles at United Bank for Africa and First Bank of Nigeria Limited.
These appointments underscore FairMoney’s commitment to strong governance, regulatory compliance, and sustainable growth. The move is part of the company’s broader strategy to build a technology-driven financial institution capable of serving both businesses and individual customers across Nigeria, strengthening its position as a leading fintech in the market.

