President Bola Tinubu has approved the appointment of a new board for the Bank of Industry.

Mansur Muhtar was appointed chairman of the bank, and Olasupo Olusi as managing director/CEO, Ajuri Ngelale, the president’s spokesman, said in a statement on Monday.

He said Ifeoma Uz’Okpala was appointed executive director (Large Enterprises) and Shekarau Omar as executive director (Micro, Small and Medium Enterprises).

Other executive directors are Usen Effiong, Corporate Services; Mabel Ndagi, Public Sector and Intervention Programmes; and Rotimi Akinde, Corporate Finance and Risk Management.

The president similarly appointed as non-executive directors Tajudeen Ahmed, representing the Ministry of Finance Incorporated; Adedamola Young, representing Central Bank of Nigeria; and Isaac Adefemi Agoye, representing the Manufacturers Association of Nigeria.

Muhammad Bala was also appointed as a non-executive director, representing the Federal Ministry of Industry, whilst Oreoluwa Adeyemi was appointed Independent non-executive director, Trade and Investment.

The president also appointed Sulaiman Kadira as the 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 of operations of the Islamic Development Bank before his recent appointment,” said Mr 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.

(NAN)