Appointment of Obeahon Ohiwerei as Managing Director & Chief Executive Officer follows the Bank’s successful recapitalisation, strengthened governance, continued digital transformation and focus on delivering long-term value for clients and shareholders.
Lagos, Nigeria – July 6, 2026 – Coronation Merchant Bank has announced the appointment of Obeahon Ohiwerei as its Managing Director and Chief Executive Officer, following receipt of the Central Bank of Nigeria’s No Objection approval.
Mr. Ohiwerei succeeds Paul Abiagam, whose leadership has guided the Bank through an important period of strategic transformation and positioned it strongly for its next phase of growth.
The appointment comes at a defining moment in the Bank’s evolution. Earlier this year, Coronation Merchant Bank celebrated its tenth anniversary, successfully exceeded the Central Bank of Nigeria’s minimum capital requirements, strengthened its governance framework, accelerated the digitisation of key operating processes, and achieved a Fitch Ratings assessment of Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Collectively, these milestones reinforce the Bank’s strategy of disciplined growth, prudent risk management and sustainable value creation.
