Tinubu appoints new board for BoI

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.

He 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 was similarly appointed as Non-Executive Directors: Malam Tajudeen Ahmed, representing the Ministry of Finance Incorporated; Mr. Adedamola Young, representing the Central Bank of Nigeria; and Rev. Isaac Adefemi Agoye, representing the Manufacturers Association of Nigeria.

Malam Muhammad Bala was also appointed as Non-Executive Director, representing the Federal Ministry of Industry, while 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.

“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,” said Ngelale.

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.