President Bola Ahmed Tinubu has appointed a new board for the Bank of Industry (BoI) Limited, signaling a fresh start for the nation’s premier development finance institution.
This was contained in a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.
Dr. Mansur Muhtar, a veteran finance expert and former Minister of Finance, will chair the 13-member board, which includes seasoned professionals from various fields.
Dr. Olasupo Olusi takes the reins as Managing Director/Chief Executive Officer, bringing his wealth of experience to the helm of the bank.
Other members of the board include Mrs. Ifeoma Uz’Okpala, Executive Director, Large Enterprises; Mr. Shekarau Omar, Executive Director, Micro, Small & Medium Enterprises; Mr. Usen Effiong, Executive Director, Corporate Services; Ms. Mabel Ndagi, Executive Director, Public Sector & Intervention Programmes; and Mr. Rotimi Akinde, Executive Director, Corporate Finance & Risk Management.
Non-Executive Directors on the board are Mallam Tajudeen Datti Ahmed, representing the Ministry of Finance Incorporated; Mr. Adedamola Olufemi Young, representing Central Bank of Nigeria; Reverend Isaac Adefemi Agoye, representing Manufacturers Association of Nigeria; Mallam Muhammad Bala, representing Federal Ministry of Industry, Trade & Investment; Mr. Oreoluwa Adeyemi, Independent Non-Executive Director; and Mr. Sulaiman Musa Kadira, Independent Non-Executive Director.
Tinubu tasked the new board with working harmoniously and diligently to achieve the bank’s objectives, saying “the nation expects nothing but the best from this critical institution”.
The appointments take effect immediately, with the new board set to commence work on the bank’s strategic plans and programs.
“President Bola Tinubu has approved the appointment of the following qualified Nigerians to the board of the Bank of Industry Limited:
“Dr. Mansur Muhtar, OFR, — Chairman; Dr. Olasupo Olusi — Managing Director/Chief Executive Officer; Mrs. Ifeoma Uz’Okpala — Executive Director, Large Enterprises; Mr. Shekarau Omar — Executive Director, Micro, Small & Medium Enterprises; Mr. Usen Effiong — Executive Director, Corporate Services.
“Others are Ms. Mabel Ndagi — Executive Director, Public Sector & Intervention Programmes; Mr. Rotimi Akinde — Executive Director, Corporate Finance & Risk Management; Mallam Tajudeen Datti Ahmed — Non-Executive Director, representing the Ministry of Finance Incorporated; Mr. Adedamola Olufemi Young — Non-Executive Director, representing Central Bank of Nigeria; Reverend Isaac Adefemi Agoye — Non-Executive, representing Manufacturers Association of Nigeria; Mallam Muhammad Bala — Non-Executive, representing Federal Ministry of Industry, Trade & Investment; Mr. Oreoluwa Adeyemi — Independent Non-Executive Director; Mr. Sulaiman Musa Kadira — Independent Non-Executive Director.
“Dr. Muhtar’s career spans decades in finance, international development, public service, and academia.
“He served as Minister of Finance, Budget and Economic Development from 2008 to 2010 and was Vice-President, Operations of the Islamic Development Bank, before his recent appointment.
“The President expects the new board of the Bank of Industry to work harmoniously, diligently, and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families,” the statement reads.
