FirstBank Establishes Landmark Business ethics Chair at University of Lagos with Renowned Professor Kenneth Amaeshi
FirstBank of Nigeria limited has solidified its commitment to ethical leadership and sustainable development with the establishment of the Samuel Asabia Professorial Chair of Business ethics at the University of Lagos (UNILAG). This meaningful endowment marks a pivotal moment in fostering a culture of integrity and responsible business practices within Nigeria’s academic and corporate landscapes, and welcomes Professor Kenneth Amaeshi as its inaugural chairholder.
A Legacy of Values and a Vision for the Future
For over a century, FirstBank has been a cornerstone of the Nigerian financial system, built on a foundation of trust and unwavering ethical standards. This professorial chair is a natural extension of that legacy, designed to proactively address the growing need for ethical considerations in a rapidly evolving business habitat. The initiative honors the memory of Samuel Asabia, a former Chairman of FirstBank and a figure instrumental in shaping the bank’s enduring values and growth trajectory.
Professor Kenneth Amaeshi: A Global Leader in Ethical Business
The selection of Professor Amaeshi as the inaugural Chairholder underscores FirstBank’s dedication to attracting world-class expertise. Professor Amaeshi is a globally recognized scholar specializing in business ethics, corporate governance, sustainable finance, and the innovative concept of Africapitalism – a philosophy advocating for businesses as engines of inclusive economic growth and shared prosperity across Africa.
Currently holding prestigious positions as Chair in Sustainable Finance and Governance at the European University Institute (Florence, Italy) and Chair in Sustainable Business and Public Policy at the university of Edinburgh (UK), Professor amaeshi brings a wealth of research, practical experiance, and international outlook to the role. His extensive publications have significantly contributed to global conversations surrounding responsible capitalism, the crucial role of institutions in development, and the integration of ethical considerations into long-term value creation.
Driving Research,Leadership,and Impact
The Samuel Asabia Professorial Chair is not merely an academic appointment; it’s a catalyst for tangible impact. Professor Amaeshi is tasked with spearheading cutting-edge research into the challenges and opportunities within business ethics, providing thought leadership on critical issues, and mentoring the next generation of ethical leaders – both students and seasoned professionals.
The core objective is to cultivate a mindset of ethical decision-making, demonstrating that profitability and social duty are not mutually exclusive, but rather intrinsically linked components of sustainable success.This will be achieved through:
* Rigorous Research: Investigating contemporary ethical dilemmas facing Nigerian businesses and developing practical solutions.
* Thought Leadership: Disseminating insights through publications, conferences, and public engagement.
* Mentorship & Education: Equipping students and professionals with the knowledge and skills to navigate complex ethical landscapes.
* Policy Engagement: Contributing to informed discussions with regulators and policymakers to promote ethical governance.
A Collaborative Partnership for National Development
FirstBank’s partnership with UNILAG is a testament to the power of collaboration between the private sector and academia. Mr. Olusegun Alebiosu, Managing Director and Chief Executive Officer of FirstBank Group, emphasized the alignment between Professor amaeshi’s expertise and the bank’s core values. “We are delighted to welcome Professor Kenneth Amaeshi… His global expertise and dedication to ethical leadership align perfectly with FirstBank’s vision of fostering sustainable development and principled business practices,” he stated.
UNILAG echoed this sentiment, recognizing the appointment as a reflection of a shared commitment to academic excellence, integrity, and values-based leadership. The university anticipates that Professor Amaeshi’s presence will be a significant asset to students, faculty, researchers, and the broader professional community.
Investing in a Sustainable Future
This initiative is part of FirstBank’s broader, long-term commitment to education and capacity building in Nigeria. The bank firmly believes that strong institutions, robust ethical frameworks, and a highly skilled workforce are fundamental to national development. By investing in academic research and leadership training,FirstBank aims to contribute to a more transparent,accountable,and sustainable business environment – not just in Nigeria,but across the African continent.
Stakeholders are optimistic that the Samuel Asabia Professorial Chair will serve as a vital platform for dialog, fostering collaboration between academics, regulators, business leaders, and students to shape a future where ethics are at the heart of Nigeria’s economic progress.This is a significant step towards building a more responsible and prosperous future for all.
About FirstBank:
FirstBank of Nigeria Limited is a leading financial services provider with a rich heritage spanning over 128 years.Committed to sustainable development and ethical business practices, FirstBank continues to invest in initiatives that promote education, capacity building, and responsible corporate citizenship.
About Professor Kenneth Amaeshi:
Professor Kenneth Amaeshi is a globally recognized scholar specializing in business ethics, corporate governance, sustainable finance, and Africapitalism. He currently holds the Chair
