By Chibuike Nwabuko
ABUJA FCT – President Bola Ahmed Tinubu has appointed competent Nigerians to the board of Bank of Industry Limited.
The Board is to be chaired by Dr. Mansur Muhtar, OFR and others are as follows:
(2) Dr. Olasupo Olusi — Managing Director/Chief Executive Officer
(3) Mrs. Ifeoma Uz’Okpala — Executive Director, Large Enterprises
(4) Mr. Shekarau Omar — Executive Director, Micro, Small & Medium Enterprises
(5) Mr. Usen Effiong — Executive Director, Corporate Services
(6) Ms. Mabel Ndagi — Executive Director, Public Sector & Intervention Programmes
(7) Mr. Rotimi Akinde — Executive Director, Corporate Finance & Risk Management
(8) Mallam Tajudeen Datti Ahmed — Non-Executive Director, representing the Ministry of Finance Incorporated
(9) Mr. Adedamola Olufemi Young — Non-Executive Director, representing Central Bank of Nigeria
(10) Reverend Isaac Adefemi Agoye — Non-Executive, representing Manufacturers Association of Nigeria
(11) Mallam Muhammad Bala — Non-Executive, representing Federal Ministry of Industry, Trade & Investment
(12) Mr. Oreoluwa Adeyemi — Independent Non-Executive Director
(13) Mr. Sulaiman Musa Kadira — Independent Non-Executive Director
Dr. Muhtar’s career spans decades in finance, international development, public service, and academia.
Precise Post recalls that Mr. Rotimi Akinde and Mrs. Ifeoma Uz’Okpala were appointed Executive Director, Corporate Finance & Risk Management and Executive Director, Large Enterprises Directorate respectively.
Further recall that Rotimi Akinde is a finance professional with over 20 years Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance).
Prior to joining the Bank of Industry, he was an Associate Partner, Project & Corporate Finance at the Infrastructure Delivery International (IDI), where he worked on the UKNIAF programme and promoted green finance as well as structured debt solutions for sub-nationals.
He also worked previously as the Corporate Finance Advisor at Nigeria Infrastructure Advisory Facility (‘NIAF’), providing financing initiatives, modelling and funding structures on infrastructure.
He served within Corporate Banking as the Group Head & Assistant General Manager, Multinationals at UBA Plc, prior to which he was Vice President, Corporate Finance & Advisory at UBA Global Markets (‘now United Capital’).
He was a Privatization Adviser & Head, Oil & Gas Team at the Bureau of Public Enterprises (BPE), where he closed on the divestiture and sale of the Federal Government’s equity interest in 11 Oil Services Companies and achieved the sale of all the Federal Government’s LPG assets.
He was an Assistant Manager in Leadbank Plc, within both the Investment and Corporate Banking Groups.
Prior to this he had worked in the financial sector in the United Kingdom as an Investment Analyst with Barclays Funds, London and a stint as an Analyst with Merrill Lynch Investment Managers, London.
Rotimi holds a Bachelors degree in Economics from the Obafemi Awolowo University, Ile-Ife; earned a Masters Degree in International Securities, Investment & Banking from the University of Reading, UK and holds an Executive MBA from INSEAD.
Similarly, Mrs. Ifeoma Uz’Okpala joined BOI in September 2014 as Group Head, Large Enterprises Credit and later served as the Chief Risk Officer of the Bank before her appointment.
As Chief Risk Officer of the Bank, she played a crucial role in managing and mitigating risks associated with the bank’s operations, while also providing Environmental, Social, and Governance (ESG) risk support. She offered invaluable ESG support within transactions and provided the roadmap for attracting impact investments.
Uz’Okpala is a seasoned Credit and Risk Management Professional, with a career spanning over 30 years in the financial sector.
She commenced her career at International Merchant Bank and progressed through key roles at MBC International, First Bank, Stanbic Bank, and UBA. Her versatile expertise includes Internal Audit, Corporate Finance, Credit Evaluation and Origination, Foreign Operations, and Risk Management.
She is an alumna of the University of Nigeria, where she attained a BSc. In Accountancy and a graduate of the prestigious Lagos Business School.
Uz’Okpala is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), an Honourary Senior Member (HCIB) of the Chartered Institute of Bankers of Nigeria and Member of the Chartered Risk Management Institute.
