NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Finance Ministry unveils Management and Board Members of Development Bank

By News Express on 31/03/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,245

•DBN MD Tony Okpanachi.
•DBN MD Tony Okpanachi.

The Federal Ministry of Finance on Thursday announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN).

The Management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited.

Before his appointment as Managing Director/ CEO of Development Bank of Nigeria, he was the Deputy Managing Director of Ecobank Nigeria Limited. Prior to that, he was the Managing Director, Ecobank Kenya and Cluster Managing Director for East Africa (comprising Kenya, Uganda, Tanzania, Burundi, Rwanda, South Sudan and Ethiopia). He was also at various times Managing Director of Ecobank Malawi and Regional Coordinator for Lagos and South West of Ecobank Nigeria.

A seasoned Banker with over 26 years’ experience, He holds a Master degree in Business Administration (MBA) from Manchester Business School UK and a Master of Science degree in Economics from University of Lagos.

Mr Okpanachi will be supported by the Chief Financial Officer, Mrs. Ijeoma Ozulumba and Chief Risk Officer, Mr. Olu Adegbola.

The Board members include:  Chairman, Dr. Shehu Yahaya (who was the interim MD of DBN and former Executive Director, AfDB); Managing Director/Chief Executive, Nigeria Sovereign Investment Authority, Uche Orji and Mohammed  Kalif, of the African Development Bank.

Independent Directors of the DBN are former Group Managing Director/CEO of United Bank for Africa (UBA), Mr. Philips Oduoza; President and CEO, African Finance Corporation, Mr. Andrew Alli; Chairman, FBN Merchant Bank, Alhaji Bello Maccido; Founder/Managing Director, JNC International Limited, Mrs Clare Omatseye and the Managing Director, CEO Excel Professional Service Limited, Mr. Oladimeji Alo.

The Finance Ministry had on Wednesday received notice from the regulator that it was free to commence operations of the Micro, Small, and Medium Enterprise (MSME) focused Development Bank of Nigeria.

Speaking at a recent strategy retreat with the management team, board members, and other key stakeholders of DBN in attendance, the Minister of Finance, Mrs. Kemi Adeosun reaffirmed the importance of the DBN’s mandate and assured them of the public sector support needed to ensure the DBN’s success.  According to Adeosun, “despite limited access to financing, MSMEs contribute a significant 45% to the national economy.  If these institutions could have reliable access to working and investment capital at low cost, the multiplier effect on economic growth and job creation would be significant.”

Source News Express

Posted 31/03/2017 12:49:07 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Panic in Lagos over oil spill

RIGHTSView: Senator Ekweremadu’s parliamentary diplomacy

Nigeria, US launch Security Governance Initiative

Australia hails Nigeria’s peace keeping efforts

Boko Haram, Fulani herdsmen kill 5,800 in 2...

Nassarawa Gov. employs 10 HIV/AIDs positive persons

2015: PPA Leader calls for prayers

Wanted Boko Haram leader gunned down during ambush...

JOHESU strike: Two-day-old baby with spinal cord problem...

7 FIFA chiefs in the net over corruption...

Emeka Ike wins Christmas carnival top dancing prize...

Supreme Court Verdict: Apologise to Deltans, victorious Okowa...

 

Latest News BREAKING NEWS: Bauchi Deputy Governor resigns Of Philistines and quest for power, By Peter-Claver Oparah Nigerian women, children as endangered species, By Adele Adeniji 40 IPOB members in Police net over alleged terrorist plot Gunmen abduct 42 travellers; strip female passengers $16bn power projects: Refer OBJ, Jonathan to EFCC, ICPC, SERAP tells Buhari What is wrong with Anambra Catholic Bishops? Cholera outbreak kills 12 in Adamawa Minimum wage review long overdue – Oyo-Ita 400m Fraud: Court grants EFCC's request to try Metuh in absentia Transcorp Hotels MD laments neglect of tourism sector Buhari orders release of fund for Ogoni clean up

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,433 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (342,155 views) Shameless Genevieve Nnaji exposes breasts in public (273,525 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,876 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,268 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,925 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,047 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,331 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,257 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,549 views) Lagos plane crash: Journalist releases victims’ names (140,075 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,493 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (41) Business & Economy (3,152) Business Verdict (43) Columnists (854) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (598) Global Business Monitor (274) International (1,969) Interview (149) Live Commentary (28) Love Matters (120) News (35,541) Opinion (963) Pidgin (10) Politics (5,052) Religion (745) Sports (1,517) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement