Tinubu appoints Muhtar as chairman Bank of Industry

President Bola Tinubu has approved the appointment of Dr Mansur Muhtar as the chairman of the board of the Bank of Industry Limited.

This comes as he also named Dr Olasupo Olusi as the Managing Director/Chief Executive Officer of the bank.

Others named on 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),

Mr Rotimi Akinde (Executive Director, Corporate Finance & Risk Management) and Mallam Tajudeen Datti Ahmed (Non-Executive Director, representing the Ministry of Finance Incorporated).

The rest are Mr Adedamola Olufemi Young (Non-Executive Director, representing the Central Bank of Nigeria),

Reverend Isaac Adefemi Agoye (non-executive, representing the Manufacturers Association of Nigeria), Mallam Muhammad Bala (non-executive, representing the Federal Ministry of Industry, Trade & Investment), Mr Oreoluwa Adeyemi (independent non-executive director), and Mr. Sulaiman Musa Kadira (independent non-executive director).

According to a statement issued on Monday by Ajuri Ngelale, Special Adviser to the President (Media & Publicity), the new chairman, 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.

It said that 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.

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