Africa Finance Corporation appoints Samuel-Ogbu as new chair of board of directors
The Africa Finance Corporation (AFC) has announced the appointment of Ireti Samuel-Ogbu as Chair of its Board of Directors.
AFC made the announcement in a statement in Lagos on Monday.
According to AFC, Mrs Samuel-Ogbu succeeded Emeka Emuwa who had completed 12 years of meritorious service to the corporation.
The statement said she brings a wealth of experience spread over three decades leading and transforming the banking sector in Europe, Middle East, and Africa Access Multimedia Content
Until recently, Mrs Samuel-Ogbu led the Citi’s institutional businesses in Nigeria and Ghana, with oversight across banking, markets, and services.
During this period, the new chair also steered the franchise through significant macroeconomic and regulatory headwinds, strengthening its strategic momentum and resilience.
The statement further explained that her international career within Citibank included senior leadership roles across over 50 countries in the Europe, Middle East, and Africa region, during which time she worked in the United Kingdom, Nigeria, and South Africa.
Samaila Zubairu, president and chief executive officer of AFC, stressed that the corporation was delighted to bring Mrs Samuel-Ogbu on board, revealing that her wealth of experience would be an invaluable asset.
“Her wealth of experience, visionary leadership and deep understanding of Africa’s financial landscape will be invaluable as we navigate our next phase of growth- expanding our impact, mobilising urgently needed capital and delivering transformative projects that enable inclusive and sustainable prosperity across the continent,” Mr Zubairu said.
In her remarks, Mrs Samuel-Ogbu said she was honoured to take on the role of chair at AFC, describing the corporation as an institution that serves as a trusted bridge between international capital and Africa’s dynamic growth opportunities.
She added that she’s looking forward to working closely with the board, management, and all stakeholders to advance the corporation’s mission.
The new chair, however, promised to strengthen the corporation’s role as the leading provider of strategic, investment-driven solutions that unlock Africa’s full economic potential.
AFC recently delivered a record-breaking FY2024 financial performance, with total revenue increasing by 22.8% to $1.1 billion, surpassing the $1 billion milestone for the first time.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Hot news Home top
Osun Election: APC, PDP file petitions challenging Gov Adeleke’s re-election
The APC and PDP have filed petitions before the Osun Governorship Election Petitions Tribunal challenging Governor Ademola Adeleke’s re-election.
NationWide
Insecurity: Security agencies conducted 7,062 operations, killed 1,487 terrorists in two months, says ONSA
ONSA says security agencies conducted 7,062 operations, killed 1,487 terrorists and insurgents and rescued 777 kidnap victims nationwide in July and August.
Anti-Corruption
NOUN, BPP to partner on procurement certification, capacity building
NOUN and BPP have agreed to strengthen institutional collaboration, particularly in procurement certification programmes and capacity building.
States
Navy dismantles illegal refining sites in Rivers, recovers 33,000 litres of diesel
The Nigerian Navy dismantled two illegal petroleum refining sites in the Egbema-Ndoni Local Government Area of Rivers State.
World
Iran warns of tougher response to U.S. attacks
Iran warned it will step up efforts to respond to U.S. sanctions.
Economy
UAE builds alternative trade, energy routes amid Iran attacks
The United Arab Emirates is building alternative routes for its energy exports and trade to ensure they are not “held hostage” by the ongoing war with Iran.
