Mrs. Osaretin Demuren

Osaretin Afusat Demuren is a Nigerian banker and the first female Chairman of Guaranty Trust Bank Ltd and the first female Director of the Central Bank of Nigeria (CBN).

She attended St. Maria Goretti Girls Grammar School, Benin City from 1963-1967. She holds a degree in Economics and Statistics from Moscow Institute of Economics and Statistics, USSR and a Diploma in Russian Language and Preliminary Studies from the Kiev State University, Ukraine.

She attended several executive training programmes at leading worldwide institutions including Harvard Business School, IMD(Switzerland), Upenn Wharton Business School, Cranfield School of Management (UK)among others.

She joined the CBN in 1976 where she served in Research, Exchange Control, Trade & Exchange Departments and was thereafter deployed to Human Resources Department. She retired from the CBN in December 2009.

In 1999, she made history as the First Female Director of the Central Bank of Nigeria. She served on the Boards of Several Public Institutions including the National Social Insurance Trust fund (NSITF), Nigerian Investment Promotion Commission (NIPC) and Nigerian Export Processing Zone Authority (NEPZA).

She also served on the Boards of some leading organizations like Nosak Farms, Guaranty Trust Bank Plc, Trust Fund Pensions Ltd and LAPO Microfinance Bank. She was president of the Bank Directors’ Association of Nigeria (BDAN).

She is a fellow of the Nigerian Statistical Association (NSA) and Chartered Institute of Bankers of Nigeria (CIBN), Institute of Directors (IOD), etc.

In April 2013, she was appointed to the Board of GTB as a Non-Executive Director until April 2015 when she was appointed Chairman, Board of Directors of the Bank.

She is married to Former Director General of the Nigerian Civil Aviation Authority, Dr. Harold Olusegun Demuren. Her Hobbies are reading and counselling in her church. She enjoys music and dancing.