Cedrus Trustees, a subsidiary of Cedrus Group Africa, has been recognized as one of the fastest-growing corporate trustees in Nigeria at the 2024 BusinessDay Banks and Other Financial Institutions Awards (BAFI). This accolade reflects the firm’s commitment to innovative and client-focused trust services, enhancing its reputation in the financial services sector.
The award was presented by Jude Chiemeka, the Chief Executive Officer of Nigeria Exchange Limited, and celebrates Cedrus Trustees’ impressive growth and impactful services that prioritize trust, innovation, efficiency, and adaptability amid a challenging economic landscape.
Mr. Olubusayo Adeniyi, CEO of Cedrus Group, commented on the recognition, stating, “This award validates our dedication to innovation and exceptional client service. Our team has worked tirelessly to build a strong, forward-thinking organization that addresses the unique needs of our clients and is focused on building economic prosperity in Africa.”
Mrs. Monisola Folorunsho, COO at Cedrus, emphasized the significance of the award as an affirmation of their strategic focus on delivering tailored solutions that provide real value for clients. “We remain committed to upholding the highest standards in the industry and meeting the evolving demands of our clients with agility and integrity,” she added.
The BAFI Awards are known for their rigorous selection process, conducted by BusinessDay’s Research and Intelligence Unit and an independent panel of industry experts. Cedrus Trustees’ recognition highlights the firm’s unwavering commitment to excellence, innovation, and growth within Nigeria’s financial services landscape.

