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An Introduction

Ifiesimama Melvin Precious Sekibo, fca, fcib, PHD, is a Nigerian banker and entrepreneur adept at returning moribund companies to the path of sustained profitability. He is the pioneer and currently the CEO and Managing Director of Heritage Bank, Nigeria’s most innovative bank. A post he held since 2012.

Sekibo has a degree in accountancy from the university of Science & Technology, Port Harcourt, an alumnus of Harvard Business School OPM Class (2006-2009), and a PhD Credit Management from the London Post Graduate Credit Management College, UK, an affiliate of American University, London.

He is a valued member and Fellow of a number of Professional Institutes including the Institute of Directors; Institute of Petroleum, London; Institute of Chartered Accountants of Nigeria, Nigerian Institute of Management; Institute of Credit Administration, Chartered Institute of Bankers of Nigeria.

He attended various international seminars, workshops and courses in Banking, Insurance, Energy, Marketing and Finance.

Career

Sekibo started his career as an Auditor 11 with the Rivers State government’s Audit department in 1988. He joined KPMG in Lagos as an Audit Trainee in 1989 before moving to ELF Nigeria ltd as a Cost Controller.

He moved to Investment Banking and Trust Co. Ltd, as an Assistant Manager from 1991 to 1997 He became a member of the Executive Management of Rims Merchant Bank Ltd. from 2000 to 2002, aside being with Monipulo Limited (Petroleum Development) at its Financial Controller/ Head of Admin from 1999 to 2002.

He became the Executive Vice-Chairman of International Energy Insurance Plc, IEI, from 2003 to 2009, a position he held before leading another team of professionals which nurtured the re-birth of the erstwhile Societe Generale Bank into an innovative Commercial Bank with Regional Authorization called to Heritage Banking Company Limited as the Managing Director/Chief Executive Officer.

Again in 2014, he led the bank to acquire Enterprise Bank and got a national license from the Central Bank of Nigeria to operate nationwide bigger, better and stronger Heritage Bank. He has been the MD/CEO since 2012.

Summarily, Heritage Bank Plc services include retail banking, corporate banking, online/internet banking, investment banking and asset management services. It is headquartered in Lagos, Nigeria. It has 127 branches, 202 automated banking centres and 350 ATMs across Nigeria.

Under the leadership of Sekibo, Heritage Bank developed as the most innovative banking service providers in Nigeria. It also won several awards including Best SME Bank in Nigeria by Capital Finance International (CFI) 2018. Also, Agriculture Bank of the Year at Nigeria Agriculture Awards (NAA) 2018, and many other awards.

Honours & Awards

  • 2019 ‘Humanity Awards’ for contribution towards the development of para powerlifting in Nigeria. – World Para-Powerlifting
  • 2018 ‘WFFA Appreciation Award’ for Feet and Tricks Freestyle Football Championship – World Freestyle Football Association (WFFA)
  • 2018 ‘Sustainable Banking Award’ Sustainable Transaction of the Year in Agriculture - Central Bank of Nigeria (CBN)
  • 2018 ‘Best SME Bank’ – Capital Finance
  • 2018 ‘Bank of the Year’ for Business Support & Entrepreneurship Development – Africa Value Award
  • 2018 ‘Agric Bank of the Year’ – Nigeria Agriculture Awards
  • 2018 ‘Most Innovative Bank Award’ – Timeline Awareness Initiative
  • 2018 ‘Award for Outstanding Contributions’ – Nigerian Young Professionals Forum
  • 2017 ‘Outstanding Partnership Award’ – Digital Reality Print Limited
  • 2017 ‘Best Digital Bank in Nigeria’ – Infosys Finacle/CWG Plc
  • 2016 ‘Leadership Forum Award’ – The Nigeria Pilot
  • 2016 ‘Best Financial Services Provider’ – Applause Achievers Award
  • 2015/16 ‘Special Olympics Appreciation Award’ – Special Olympics Nigeria
  • 2015 ‘2nd Most Supportive Financial Institution’ - the Chartered Institute of Bankers of Nigeria (CIBN)
  • 2015 ‘Emerging Innovative Bank of the Year’ – Nigerian Telecoms Awards
  • 2014 ‘Appreciation Award’ for support of Sport & Development – Lagos State Badminton Association
  • 2013 ‘Most Promising Bank of the Year Award’ – The Institute of Chartered Accountants of Nigeria (ICAN)
  • 2013 ‘Most Improved Bank Award’ – African Development Magazine
  • 2013 ‘Appreciation Award’ for sponsorship of International Badminton Championship – Badminton Federation of Nigeria (BFN)
  • 2013 ‘Most Promising Customer Bank Award’ – Nigeria Customer Service Awards
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    Mentorship

    Sekibo has been involved in mentoring the youths over the years despite his busy schedules. He is involved in mentorship and giving direction to the youths. He has led several business forums for entrepreneurs and mentorship sessions both within Nigeria and outside Nigeria.

    One of the cardinal points of his life, which he readily acknowledges, is mentoring the younger generation and this he does with all passion and God-given resources, buoyed by the early realisation of the need for the youths to embrace entrepreneurship as a means of survival.