President Bola Tinubu has approved the appointment of a new board for the Bank of Industry Limited.
According to a statement by Ajuri Ngelale, Special Adviser to the President (Media & Publicity), the appointed members are Dr. Mansur Muhtar, OFR, as Chairman; Dr. Olasupo Olusi as Managing Director/Chief Executive Officer; and Mrs. Ifeoma Uz’Okpala as Executive Director, Large Enterprises.
Other board members include Mr. Shekarau Omar as Executive Director, Micro, Small & Medium Enterprises; Mr. Usen Effiong as Executive Director, Corporate Services; Ms. Mabel Ndagi as Executive Director, Public Sector & Intervention Programmes; Mr. Rotimi Akinde as Executive Director, Corporate Finance & Risk Management; and Mallam Tajudeen Datti Ahmed as Non-Executive Director, representing the Ministry of Finance Incorporated.
Additional appointments to the board are Mr. Adedamola Olufemi Young as Non-Executive Director, representing the Central Bank of Nigeria; Reverend Isaac Adefemi Agoye as Non-Executive Director, representing the Manufacturers Association of Nigeria; Mallam Muhammad Bala as Non-Executive Director, representing the Federal Ministry of Industry, Trade & Investment; Mr. Oreoluwa Adeyemi as Independent Non-Executive Director; and Mr. Sulaiman Musa Kadira as Independent Non-Executive Director.
Ngelale noted that Dr. Muhtar has an extensive career 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 of Operations at the Islamic Development Bank before this 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 presidential spokesman said.
