Tinubu appoints a new board of Bank of Industry

● Dr. Mansur Muhtar becomes Chairman, Dr. Olasupo Olusi, MD/CEO

President Bola Tinubu has approved the appointment of new management of the board of the Bank of Industry Limited, BOIL.

A statement issued by the presidential spokesman, Ajuri Ngelale, stated that the president appointed Dr. Mansur Muhtar, as the Chairman and Dr. Olasupo Olusi as the Managing Director/Chief Executive Officer of the 13 member board.

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According to the statement, Mrs. Ifeoma Uz’Okpala is the Executive Director, Large Enterprises, Mr. Shekarau Omar, Executive Director, Micro, Small and Medium Enterprises, Mr. Usen Effiong, Executive Director, Corporate Services, and Ms. Mabel Ndagi, Executive Director, Public Sector & Intervention Programmes, and Mr. Rotimi Akinde, Executive Director, Corporate Finance & Risk Management.

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Others are Mallam Tajudeen Datti Ahmed, Non-Executive Director, representing the Ministry of Finance Incorporated, Mr. Adedamola Olufemi Young, Non-Executive Director, representing Central Bank of Nigeria,

Reverend Isaac Adefemi Agoye, Non-Executive, representing Manufacturers Association of Nigeria, Mallam Muhammad Bala, Non-Executive, representing Federal Ministry of Industry, Trade & Investment, Mr. Oreoluwa Adeyemi, Independent Non-Executive Director and Mr. Sulaiman Musa Kadira, Independent Non-Executive Director.

It further explained that 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.

“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,” it added.