Bola Kuforiji-Olubi

Chief Bola Kuforiji-Olubi (September 28, 1936 – December 3, 2016) was a Nigerian traditional aristocrat, banker and federal minister of commerce.[1] In addition to a variety of other chieftaincy titles, she held that of the Otunba Ayora of Ijebu-Ode.


Education and membershipsEdit

Kuforiji-Olubi Bola was born on 28 September 1936. Bola Kuforiji-Olubi graduated from the University of London in 1963 with B. Sc. honours in Economics. She started her profession as a Grade two(II) Teacher at Zawan Girls Catholic Primary School, Jos, Plateau State and she became 1955 headmistress in at age 19. During her subsequent career, she became a fellow of the Institute of Charted Accountants, England and Wales in 1977, ICAN Nigeria in 1976, and the British chartered institute of company secretaries (ACIS) in 1964. She was also a member of both the Nigerian Institute of Management (FMIN) and the British Institute of Directors. she died on Saturday barely over two months after she clocked 80 years.


Kuforiji-Olubi was a recipient of the following honours and awards:

Positions heldEdit

Kuforiji-Olubi served in various capacities both locally and internationally. She was the 25th president of the Institute of Chartered Accountants of Nigeria; the first female to become president of the Institute, while she was in office she launched an Accounting Technicians Course.

She was the first Nigerian woman to become the CEO of a multinational company (VYB Industries Limited, with British affiliates (Inchcape plc) and the first female Chairperson of a public listed company (Bewac Plc).

Kufuriji-Olubi either chaired or otherwise served on the boards of many other companies. She was the first Chairperson of the Osun River basin development (from 1976 to 1980) and a member of the governing council of the Nigerian Institute of Social and Economic research (NISER) (from 1981 to 1983). She was appointed chairman of a leading financial institution, United Bank for Africa Plc in 1984, and served until 1990 as the first woman to hold that office in Africa south of the Sahara. She was also later v ice chair of the National conference on Nigerian foreign policy (until the year 2000), and a member of the National Sport commission (from 1986 to 1989). A foundation member and chair of the Lagos State Education endowment fund, she was appointed as the honorable secretary (or Minister) for commerce and tourism in the interim national government of Nigeria in 1983. In addition to this, she was also a deputy chair and hon. federal commissioner for Ogun State at the revenue mobilization.


  • The Female Entrepreneur and Financial Management for Survival (1987)
  • Civil service reform in a developing economy (1988)
  • The Corporate Woman: a marginalised group, problem and strategies for success, via public enlightenment programmes of the institute of directors (1989)
  • Technical education as a catalyst for technical cooperation and economic growth in developing countries (1992)
  • Changing Course - as a co-author.


  1. ^ Aka, Jubril Olabode (2012-02-01). Nigerian Women of Distinction, Honour and Exemplary Presidential Qualities: Equal Opportunities for All Genders (White, Black Or Coloured People). Trafford Publishing. pp. 61–62. ISBN 9781466915541. Retrieved 19 October 2014.

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