Nafisat Bank-Omotoye

Chief Procurement Officer | Lagos, Nigeria

Professional Overview

Nafisat Bank-Omotoye is a seasoned procurement and supply chain professional with over a decade of experience driving strategic sourcing and operational excellence across multiple industries. As a Chief Procurement Officer and C-suite executive, she leverages her expertise to provide strategic direction and lead high-performing teams in delivering optimal procurement and logistics solutions.

Experience Summary

Current Roles

Chief Procurement Officer, Cruxstone Development & Investment Ltd. (Present)

Oversees all procurement, logistics, and supplier management activities for the organization

Develops and implements procurement strategies to drive cost savings, operational efficiency, and sustainability

Leads cross-functional teams in executing complex projects and managing critical supplier relationships

Chief Operating Officer, Lumos Nigeria (Present)

Responsible for the overall operations and business performance of the organization

Drives operational excellence and process improvements to enhance productivity and profitability

Collaborates with the executive team to formulate and execute the company's strategic vision

Group Head of Supply Chain, Starsight Power Utility Ltd. (Present)

Manages the end-to-end supply chain, including procurement, inventory management, and logistics

Optimizes supply chain processes to ensure timely delivery of critical equipment and materials

Implements data-driven decision-making and performance management systems

Career Progression

Head of Supply Chain Management, ATC Nigeria Wireless Infrastructure Limited (Previous)

Spearheaded the development and implementation of a centralized supply chain management system

Streamlined procurement processes and negotiated favorable terms with key suppliers, resulting in significant cost savings

Introduced data analytics and performance monitoring to enhance supply chain visibility and decision-making

Head, Commercial (Procurement, Logistics & Administration), HTN Towers Nigeria (Previous)

Oversaw all commercial functions, including procurement, logistics, and administrative operations

Implemented effective supplier relationship management practices to ensure reliable and cost-effective supply of goods and services

Played a pivotal role in the successful integration of acquired entities and the optimization of shared services

Academic Background

Master's Degree in Supply Chain Management, University of Lagos

Bachelor's Degree in Business Administration, Obafemi Awolowo University

Areas of Expertise

Strategic procurement and sourcing

Supply chain optimization and logistics management

Contract negotiation and supplier relationship management

Inventory control and demand planning

Process improvement and operational efficiency

Cross-functional collaboration and team leadership

Professional Impact

Spearheaded the development and implementation of a centralized procurement and supply chain management system, resulting in a 25% reduction in overall procurement costs

Negotiated long-term contracts with key suppliers, securing favorable pricing and terms that generated over $2 million in annual savings

Led the successful integration of acquired entities, streamlining shared services and achieving a 30% reduction in administrative expenses

Implemented data-driven decision-making and performance management systems, improving supply chain visibility and operational efficiency by 35%

Conclusion

Nafisat Bank-Omotoye is a strategic and results-oriented procurement and supply chain professional with a proven track record of driving operational excellence and profitability across diverse industries. With her extensive experience, strong leadership skills, and deep industry expertise, she is poised to contribute significantly to the growth and success of any organization.