Board of Directors

Chairman

Mr. Wole Oshin, BSc (Hons) MBA ACII FCIIN

Mr. Wole Oshin is the Chairman of the Board of Directors. He has a first degree in Actuarial Science from the University of Lagos and a Masters degree in Business Administration from the University of Ibadan. Mr. Oshin is an Associate Member of the Chartered Insurance Institute, U.K, as well as a Fellow of the Chartered Insurance Institute of Nigeria.

In addition, he is an Alumnus of Lagos Business School (LBS CEP–9) and a former Chairman of the Governing Council of the Nigerian Insurers Association. He has worked in various organizations such as Actuarial Services Department of the National Insurance Corporation of Nigeria (NICON), also as an Assistant Manager in the Executive Support Services Division of Femi Johnson & Co. and the Marketing Department of Crusader Insurance (Nig) Plc. Mr. Oshin founded Custodian and Allied Insurance Ltd in 1994 and served for many years as its Managing Director, before his elevation to Group Managing Director of Custodian & Allied Plc.

Mr. Wole Oshin is the Chairman of CrusaderSterling Pensions Limited and a Board member of the International Insurance Society based in New York, USA. He joined the Board of Directors of Interstate Securities Limited in 2008 and became Chairman of the Board in 2014.

Managing Director/CEO

Mrs. Busola Ogbonna

Busola Ogbonna is the Managing Director/CEO of Interstate Securities Limited, responsible for
Securities Trading, Debt/Equity Capital Market Transactions, Financial Advisory and Project
Finance.

She is a Fellow of the Chartered Institute of Stockbrokers (CIS) and an Associate member of the
Chartered Institute for Securities and Investment (CISI), UK. She holds a Bachelor’s Degree and
Master’s Degree in Business Administration from Lagos State University with over 15years
cognate experience in Advisory, Research, Securities Trading and Portfolio Management.

Prior to joining ISL as MD/CEO, she was the MD/CEO of Cedrus Capital Limited and ARM
Securities Limited having responsibility for Securities trading, Advisory, Debt & Equity Capital
Market transactions, Product Development and Client Management respectively. She also
worked as Head of Fixed Income Trading, Strategy and Business Development at CLG Securities
Ltd. She has also managed Equity and Research Desk of Dynamic Portfolio Limited and AIICO
Pensions Managers Limited, respectively.

Director

Mr. Adeniyi Falade, BSc (Hons), MBA, FCA

Mr. Niyi Falade is a Fellow of the Institute of Chartered Accountants of Nigeria and a Chartered Stockbroker, with extensive Managerial experience in the financial services sector. Mr. Falade is a graduate of the University of Ibadan and of the University of Warwick, in the UK.

He is the former Head, Investment Banking at Ecobank Nigeria Plc, former Chief Executive Officer at Lead Capital Limited and former Director/CEO of CrusaderSterling Pensions Limited.
He serves as a Director on the Board of Custodian Life Assurance Limited. Mr. Falade joined ISL’s Board in December, 2016.

Director

Mr. Ademola Ajuwon, BSc (Hons), FCA, CPA

Mr. Ajuwon is an accomplished financial service professional with international experience covering Nigeria and North America. He is a Fellow of the Institute of Chartered Accountants of Nigeria and member of the American Institute of Certified Public Accountants. He is also professionally certified as a financial applications consultant by Oracle Corporation and SAGE Corporation. Mr. Ajuwon started his career with Akintola Williams & Co and worked for a time with Arthur Andersen (now KPMG Professional Services), Ecobank Nigeria Plc, and Zenith bank Plc, before joining Crusader Nigeria Plc as Group Chief Finance Officer. He is currently Group Chief Finance Officer at Custodian & Allied Plc and is a non-executive Director at Custodian & Allied Insurance Limited. Mr. Ajuwon joined ISL’s Board in December, 2016.

Director

Mrs. Adeola Asabia, LLB (Hons) BL

Mrs Adeola Asabia graduated from the University of Lagos in 1990 where she obtained her LLB and a Bachelor of Law degree from the Nigerian Law School. Her working experiences include working in the banking sector where she worked in the treasury operations unit, Ecobank Plc.

In 2000, she co-founded a non-profit NGO, Metamorphosis-Nigeria advocating for access to water & sanitation in low income and high density communities. She worked on the second national urban water sector reform with Lagos Water Corporation in 2005 on a project funded by the World Bank. She trained at the Entrepreneur studies of Lagos Business School in 2006 sponsored by Goldman Sachs and was awarded a certificate in entrepreneurial studies.

In 2008, she co-founded MN-Environmental Services as a social enterprise for profit and social impact where she serves as an Executive Director. This has enabled her to work as a social entrepreneur and has worked on Public-Private Partnership projects as a project director with MN Environmental Services and Lagos State Government to build and maintain public conveniences in Lagos State; to ensure that facilities are professionally managed to adopt global best practices. Adeola has received certification as a Global Bio risk Advisory Council trained technician. In 2016, she attended training at the Nigerian Stock Exchange on building a sustainable capital market. Mrs Adeola Asabia joined the Board of Directors of Interstate Securities Limited in 2005 as an Alternate Director and was later appointed a Director in 2019.

Director

Mrs. Olubunmi Sodade, BSc, MBA

Mrs. Olubunmi Sodade is a financial service professional with extensive banking, finance, and insurance experience. Served customers in diverse industries including, oil and gas, real estate, automobile, health, manufacturing, and retail.

Practiced as a qualified insurance professional with a certification in financial planning for nine years with Sunlife financial services Canada and as a Commercial Banker with Bank of Montreal. Very passionate to unlock experiences gained in the investing, insurance, and lending industry to the benefit of clients.

She earned an MBA from the School of Business, University of Durham United Kingdom and a Post Bachelor’s degree in accounting from Wayne State University, Detroit USA. Received professional designations from the Financial Planners Standard Council of Canada and the Canadian Securities Institute as a Certified Financial Planner (CFP) and a Financial Management Analyst (FMA) respectively. She attended the University of Ife where she obtained a BSc in Economics.