Governor Sheriff Oborevwori assured that all funds would be transparently managed.
He said excluding students from the NELFUND board is akin to shaving a man’s head in his absence.
It said Mr Aig-Imoukhuede’s appointment followed the passing of Herbert Wigwe, the council’s former president, in February.
The approval was granted on Friday.
The prominent Nigerian banker was appointed on Friday.
The honour is viewed among the most highly coveted among bankers who matter.
The list presents the new business elite, made up of those whose vision and enterprise shape the conceptual landscape of finance, business and technology.
The high-profile event is set to be held on November 22 and 23 at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, from 8.00 a.m. to 6.00 p.m. daily.
The Nigerian lender also bagged another category at the global event held at the London Stock Exchange.
The bank said the honour underscored its resilience amidst a challenging macroeconomic environment and global headwinds.
