President Bola Tinubu has approved the appointment of a new board for Bank of Industry Ltd.
Dr Mansur Muhtar was appointed Chairman of the bank, and Dr Olasupo Olusi as Managing Director/Chief Executive Officer, Ajuri Ngelale, the President’s spokesman, said in a statement on Monday.
Muhtar was was Nigeria’s Minister of Finance under the Umar Yar’Adua administration between December 17, 2008 to 2010 when there was a cabinet reshuffle. He born on 21 September 1959, in Kano. He attended King’s College, Lagos, and then Ahmadu Bello University (ABU), Zaria where he obtained a B.Sc. Economics in 1980. He earned a master’s degree in economics and politics of development from the University of Cambridge United Kingdom in 1983, and a PhD in economics from the University of Sussex, Brighton in February 1988.
Mukhtar was Head of the Department of Economics and a lecturer at Bayero University, Kano, from 1988 to 1990.
Olusi retained the post of Managing Director, an appointment made by President Tinubu in October 2023. Prior to his appointment, Olusi was a renowned Senior Economist and development financial expert with over 20 years of experience mainly at the World Bank.According to a statement yesterday, he had worked across several countries advising national governments on economic growth, fiscal policy and debt management, as well as private and financial sector development.
Ngilale said Mrs Ifeoma Uz’Okpala was also appointed Executive Director, Large Enterprises and Mr Shekarau Omar as Executive Director, Micro, Small & Medium Enterprises.
Other Executive Directors are: Mr Usen Effiong, Corporate Services; Ms Mabel Ndagi, Public Sector & Intervention Programmes and Mr Rotimi Akinde, Corporate Finance & Risk Management.
The President similarly appointed as Non-Executive Directors: Malam Tajudeen Ahmed, representing the Ministry of Finance Incorporated; Mr Adedamola Young, representing Central Bank of Nigeria and Rev. Isaac Adefemi Agoye, representing Manufacturers Association of Nigeria.
Malam Muhammad Bala was also appointed as Non-Executive Director, representing Federal Ministry of Industry, whilst Mr Oreoluwa Adeyemi was appointed Independent Non-Executive Director, Trade & Investment.
The President also appointed Mr Sulaiman Kadira as Independent Non-Executive Director of the bank.
He said the President expected the new board to drive the mandate of the institution to provide support for projects that enhanced job creation, poverty alleviation, and the socio-economic conditions of Nigerian families.
Dear readers, we really need your support to keep on serving you with authoritative, truthful, and juicy stories everyday. For your support, please reach out to the editor @gavelinternational66@gmail.com