About us

FBCAbout us

Introduction

FBC Trust & Securities Limited is a leading member of the Nigerian Stock Exchange, operating for over 15 years. It is a non-bank financial institution.FBC Trust &Securities Limited was incorporated on March 14, 1996, and commenced business immediately* providing, individual and corporate clients, with high quality professional and personalized financial and investment services.

We obtained our operating license from the Nigerian Stock Exchange in 1997 and have been registered with Securities &Exchange Commission. Since inception, FBC has played a notable role in the development of the Nigerian capital market by arranging public issues and private placements of equity.

Our Services

Buying and selling of shares on the floor of the Nigerian Stock Exchange (secondary market) as well as receiving agent for primary issues.

Due to the expertise and experience of our team we provide our clients with professional Financial and investment advise on stocks and securities.

We help in making decisions about investment mix and policy, matching investments to objectives, asset allocation for clients.

Verification, transfer and transmission of share certificates, recovering unclaimed dividends and share certificates dividend warrants and share certificates

MEET THE TEAM

If you want to take it to the next level, you have come to the right place.

Mr. Afolabi Cardoso is the Chairman of FBC Trust & Securities Limited. He is a seasoned banker and has over three decades post graduate working experience with over two decades in banking and financial industry. After a brief stay with Chevron Oil Company Nigeria Limited as a Petroleum Engineer, he began his banking career with Nigerian American Merchant Bank Limited as a Deputy Manager in Credit & Marketing Department in 1982. In 1988 he joined First City Merchant Bank Limited as a Manager-Treasury. He was engage again in 1983 at Nigeria American Bank Limited as a Deputy General Manager and he rose to the position of a General Manager before he took up an employment with Centre for Law and Business in 2006. He is currently a financial consultant with Cardtrust Limited.

Mr. Cardoso has a B.Sc. degree in Chemical Engineering Loughborough University Leics England and an MBA Finance, New York University U.S.A. During his banking career, he attended various banking courses in Nigeria and Overseas.

Mr. Olayemi Cardoso is the Chief Executive officer and  Director of FBC Trust & Securities Limited. He is a Professional banker and Chartered Stockbroker. He has over 15 years of banking experience with Chase, Citibank and Citizen International Bank. He attained the position of Vice president at NIB/Citibank and Executive Director at Citizens. He was appointed the premier Commissioner for Economic Planning and Budget in Lagos State in 1999, a position he held until 2005 after which he returned to running of FBC Trust & Securities Limited.

He holds a bachelors degree in Finance and Accounting from Aston University UK, and a Masters degree in Public Administration from Harvard University, USA. He is a Mason fellow at the Kennedy School of Government at Harvard University. He is also a member of the Chartered Institute of Stockbrokers.

Mr Cardoso sits on the board of several companies including MRS Oil Nigeria Plc and He is the Chairman of the Project Committee of the World Bank assisted Lagos Metropolitan Development and Governance Project.

Mr Thompson A. (Yemi) Disu-Sule is a Non- Executive Director of the company. He is a seasoned banker and Chartered Stockbroker. He possesses the Banking Diploma of the Chartered Institute of Bankers (UK) and also an alumnus of Enugu State University Business School. He started his Banking career in the defunct Nationwide Merchant Bank in 1985 as an Analyst before leaving for Marina International Bank Limited with a wealth of experience in Corporate Banking Division; Marina International Banking was acquired by Access Bank Plc. Mr Disu-Sule has over twenty years’ experience as a floor based-trader. He was the Head of Capital Market in EDC Securities Limited the then subsidiary of Ecobank Nigeria Plc. He was in the employ of EDC Securities for over 13 years before moving to Intercapital Securities Limited (a member of The Nigerian Stock Exchange) as the Managing Director for a brief period before moving over to FBC Trust in 2008 as the GM/COO, a position he held for six years. He was appointed as a Director in year 2014

Mr. Olore – Director has over fifteen years postgraduate working experience in both commercial and merchant banking, having worked with First Bank of Nigeria Plc, Nigerian American Merchant Bank Limited [now merged with FCMB Plc.] and the defunct Rims Merchant Bank Limited, where he rose to a senior management position. He also had a brief stay in Indo-Nigerian Merchant Bank Limited [now merged with Sterling Bank Plc.], where he resigned to join FBC Trust & Securities Limited [a member of The Nigerian Stock Exchange] as a General Manager, in July 1999. In 2008 he resigned to take up an appointment with Light House Asset Management Limited, one the foremost Stock broking firms in Nigeria as an Executive Director – Stock broking. He resigned in 2014, and he is currently a Director with FBC Trust & Securities Limited. During his banking career, he attended various banking courses in Nigeria and Overseas.Mr. Olore has a BSc degree in Business Administration and a Master’s degree in Banking and Finance. He is an alumnus of University of Lagos, Ambrose Alli University Ekpoma and Manchester Business School, University of Manchester United Kingdom. He is a Chartered Stockbroker and an Authorized and Dealing Clerk of The Nigerian Stock Exchange.

Babatunde Subair (B. Tech, M.sc, ACS, ACSI)

Is a consummate investment banker and securities trader with over 10 year experience. He has specialist knowledge of securities trading, investment & Portfolio management, investment banking /Issuing House Functions. He is a talented and multi-tasking investment professional with excellent client oversight, issue resolution and relationship building skills, highly effective at maximizing business opportunities.

He is currently the Managing Director/CEO of FBC Trust & Securities Limited.
Prior to his appointment, he was Deputy Manager, Stockbroking and promoted to the position of Client Service Manager with Interstate Securities Ltd. He has a brief stint with Friesland Campina (WAMCO) Plc; Vital Product Plc & Nigeria Machine Tools as Sales & Marketing Executive.

A holder of B. Tech and M.Sc degree in Agricultural Economics & Extension and Agricultural Economics from Fed. University of Technology Minna, Niger State and University of Ibadan, Nigeria respectively. ‘Tunde is an Authorized Dealer of the Nigerian Stock Exchange; an associate of the Chartered Institute of Stockbrokers (ACS); a Sponsored Individual with SEC and Associate of Chartered Institute of Securities and Investment (CISI SUK). He is a Certified Data Protection Officer. He is also a student member of Association of Certified Chartered Accountant (ACCA). ‘Tunde has attended several local courses, seminars and conferences organized by SEC, NSE and Other Facilitators.

Nwaigbo Doris holds a Bachelor’s Degree in Education in Economics from Imo State University Owerri and has over 8 years’s experience in the capital market.

She started her career as an Operation Officer before becoming the Compliance Officer at Crane Securities Limited.
She has now joined (March 2021) the service FBC Trust & Securities ltd as compliance officer.