Olalekan Bakare

Olalekan Bakare Email and Phone Number

Company Secretary/ General Counsel at LOTUS Bank Limited @ LOTUS Bank
Olalekan Bakare's Location
Lagos State, Nigeria, Nigeria
Olalekan Bakare's Contact Details

Olalekan Bakare work email

Olalekan Bakare personal email

n/a
About Olalekan Bakare

An astute Legal Advisor, Compliance & Anti-Money Laundering Specialist and Islamic Finance professional with wide range of diversified experiential knowledge and cutting-edge skills garnered over 15 years. My areas of specialization cut across business law, compliance & anti-money laundering engagements, Board governance practice, Islamic banking & finance, debt recovery and dispute resolution management.

Olalekan Bakare's Current Company Details
LOTUS Bank

Lotus Bank

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Company Secretary/ General Counsel at LOTUS Bank Limited
Website:
lotusbank.com
Employees:
2
Olalekan Bakare Work Experience Details
  • Lotus Bank
    Company Secretary/General Counsel
    Lotus Bank May 2024 - Present
    Lagos, Lagos State, Nigeria
    -Overseeing Board services-Managing investor relations-General counsel on laws, regulations and guidelines on corporate governance-Overseeing company secretariat administration
  • Lotus Bank
    Company Secretary/Head, Legal Services
    Lotus Bank Aug 2021 - May 2024
    Lagos State, Nigeria
    Providing strategic leadership and management for the performance of secretariat functions and creating innovative solutions to all legal problems and legal services delivery with a view to protecting the interest of the Bank in all situations and all business involvements.Serving as company secretary to the Board of Directors and its Committees and organizing Board, Committees and the shareholders’ Annual General Meetings.Organizing all Board, Committees and Annual General Meetings of the Bank and fulfilled all legal and regulatory requirements without any exception. Prepared agendas, minutes, and resolutions.* Received Executive Management’s Letter of Commendation for outstanding performance for organizing Board meetings and Annual General Meeting in 2021 and 2023. Overseeing all legal matters across all business units and managing litigations and other legal risks through designing and implementing appropriate strategies. Providing strategic legal advice to the Board, the executive management team and other stakeholders. Providing expert legal advice on drafting, review, and negotiation of a wide range of complex contracts, agreements, instruments and other legal documents.Successfully advising Management and the Board on corporate governance requirements. Recording outstanding compliance level on annual regulatory Corporate Governance and Board Evaluation exercise conducted by external consultants over the years.Proficient in ensuring compliance with regulatory requirements, corporate governance principles, and best practices at the Management and Board level. Effectively ensuring up-to-date corporate filings and legal/regulatory compliance without any fail till date.Providing effective leadership and mentoring of team members. Defines goals and key performance indicators (KPIs) for team members and ensures effective supervision to meet the operational performance requirements of the bank.
  • Suntrust Bank Nigeria Ltd
    Head, Legal Team, Fct Region
    Suntrust Bank Nigeria Ltd Aug 2019 - Aug 2021
    • Effectively carried out supervision of legal/compliance services group in the FCT region• Reviewed litigation portfolio and devised the means to achieve out-of-court settlement in several court cases• Developed efficient strategies for managing litigation portfolio and effectively liaised with external counsel on timely and efficient resolution of cases for and against the Bank• Developed templates of Offer Letters for non-interest banking products offered by the Bank. • Provided strong input and professional advice on banking facility approvals and documentation processes• Reviewed and made key contributions towards the standardisation of Credit Policy of the Bank and carried out compliance review • Carried out review of contract agreements to eliminate legal risk. Introduced archiving process for legal documentations• Supervised creation and perfection of debentures, mortgages and transfer of title in respect of properties at the appropriate registries • Provided leadership on administrative matters relating to legal/compliance services delivery and non-interest banking• Carried out review of various contract agreements to eliminate legal risk. Introduced archiving process for legal documentations• Supervised legal drafting of title deeds to convey titles on over 500 purchasers of the bank’s estate properties in Abuja
  • Jaiz Bank Plc
    Head, Drafting & Litigation Management; Corporate Compliance & Anti-Money Laundering Advisory
    Jaiz Bank Plc Jan 2017 - Sep 2019
    Abuja
    •Managed litigation portfolio and liaised with External Counsel towards resolving litigation•Drafted Legal Opinions and issued efficient advice to the Management on contentious cases•Reviewed court processes; attended court proceedings and adopted suitable strategies for out-of-court settlement. Ensured effective execution of courts’ judgments in the Bank’s favour•Excelled in mentorship by supervising Legal Team on case management and provided strategic legal advice on the means towards avoiding, mitigating and managing litigation risk•Successfully deputised the Company Secretary/Head of Legal in organising Board and Board Committees meetings and Executive Management meetings; issued notices, recorded and prepared minutes of meetings and advised on implementation of Board’s decisions•Successfully negotiated contracts on procurement of softwares, provision of support services and acquisition of properties for the Bank•Provided advice on compliance issues and successfully handled several queries from regulatory agencies. Interfaced with Police and anti-graft agency on behalf of the Bank •Effectively contributed in structuring the Bank’s financing products. Drafted facility agreements, reviewed product papers and provided legal advise on products•Developed and reviewed templates of financial contracts, facility Agreements and product papers•Initiated and supervised recovery of several delinquent facilities through court actions and recorded success in numerous accounts. Effectively liaised with Recovery Agents and generated positive results•Advised on the Bank’s financing on implementation of development programmes on Competitive African Rice Initiative for the empowerment of small-scale rice farmers in Nigeria under the Development Cooperation Scheme of the Governments of Nigeria and Germany•Negotiated and reviewed Service Level Agreements relating to services carried out in all departments•Trained over 500 staff on banking law and non-interest banking
  • Jaiz Bank Plc
    Acting Head, Legal Advisory Services; Corporate Compliance & Anti-Money Laundering Advisory
    Jaiz Bank Plc Jan 2014 - Dec 2016
    Abuja
    • Efficiently carried out Case Management from time to time and provided Head of Legal with weekly update report.• Advised staff, management and the Board on litigation and the means towards mitigating and managing litigation risk• Successfully organised several Board and Board Committees meetings, issued notices, took and prepared minutes of meetings and followed up with Departments on implementation of Board’s decisions• Pioneered and set up the Dashboard of Highlight of Compliance Provisions in Laws, Regulations and Guidelines for the Bank and advised all departments on their compliance. Drafted standard terms and conditions for the Bank in line with international best practices and applicable legal and regulatory requirements.• Redesigned all templates of contingent liability instruments and undertakings towards ensuring that the interest of the Bank was better protected. Reviewed templates of all Facility Agreements, Mortgage Agreements and other legal documents to eliminate legal risk and ensure better shariah compliance• Prepared several contingent liability instruments and negotiated their terms and conditions with customers• Standardized the Bank's process by initiating and drafting Intellectual Property Rights Policy and Information Security Policy of the Bank and also standardized Corporate and Individual Indemnity Form template for the Bank's operation. • Achieved improved knowledge sharing by training over 300 staff on legal compliance, legal documentation, collateral management and law of secured credit. Participated as member of ISMS and ISO 27001 Implementation Task Force
  • Fobgreat Solicitors Lp
    Principal Attorney
    Fobgreat Solicitors Lp Feb 2011 - Dec 2013
    Fobgreat Solicitors Lp
    Garnered private practice experience in commercial & civil litigation, arbitration & ADR, maritime law, Islamic finance, money laundering litigation, company restructuring, real estate due diligence & investment, legal research, banking recovery and capital market advisory services.
  • Perchstone & Graeys Lp
    Intermediate Associate
    Perchstone & Graeys Lp Jan 2010 - Jan 2011
    Lagos
    • Acquired wide range of experience in corporate and commercial litigation and arbitration, especially on cases of recovery, oil and gas, real estate dispute, capital market, election petition and anti-money laundering. • Prepared and reviewed court processes and ensured presentation of clients claims in efficient manner• Successfully negotiated out-of-court settlement in good number of cases• Effectively supervised execution of courts judgment in numerous cases
  • Perchstone & Graeys Lp
    Associate
    Perchstone & Graeys Lp Apr 2009 - Dec 2009
    Lagos
  • 'Akinlawon & Ajomo'
    Associate
    'Akinlawon & Ajomo' Jan 2008 - Apr 2009
    • Acquired experience in corporate and commercial litigation through conduct of cases in superior courts of records• Prepared and reviewed court processes and ensured presentation of clients claims in efficient manner

Olalekan Bakare Skills

Commercial Litigation Corporate Law Arbitration Dispute Resolution Legal Research Litigation Islamic Finance International Law Legal Advice Mediation Alternative Dispute Resolution Banking Corporate Governance International Arbitration Islamic Finance Practice Money Laundering Regulatory Work Capital Markets Litigation Corporate Finance Finance Islamic Financial Industry Research

Olalekan Bakare Education Details

Frequently Asked Questions about Olalekan Bakare

What company does Olalekan Bakare work for?

Olalekan Bakare works for Lotus Bank

What is Olalekan Bakare's role at the current company?

Olalekan Bakare's current role is Company Secretary/ General Counsel at LOTUS Bank Limited.

What is Olalekan Bakare's email address?

Olalekan Bakare's email address is fa****@****ank.com

What schools did Olalekan Bakare attend?

Olalekan Bakare attended Chartered Institute Of Arbitrators (Uk), Ethan Hathaway, Inceif, The Global University Of Islamic Finance, Nigerian Law School, Olabisi Onabanjo University(O.o.u), University Of South Wales.

What skills is Olalekan Bakare known for?

Olalekan Bakare has skills like Commercial Litigation, Corporate Law, Arbitration, Dispute Resolution, Legal Research, Litigation, Islamic Finance, International Law, Legal Advice, Mediation, Alternative Dispute Resolution, Banking.

Who are Olalekan Bakare's colleagues?

Olalekan Bakare's colleagues are Ologuntoye Oluwanifemi, Adegboye Abosede, Aliyu Abdullahi, Adijat Bakare, Abdulshahid Buba Yarima, Samson Adebayo, Aminu Goni.

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