Chairman of the Board of Directors, Dr Shehu Yahaya who made
the announcement recently noted that the appointments of Ozulumba and Kyari
would further strengthen DBN’s vision to provide adequate and sustainable
financing to Micro, Small, and Medium Enterprises across the country.
He maintained that the organization would continually uphold
the highest standards of corporate governance, which have kept the Bank on a
steady trajectory of progress.
“We are thrilled to have Ijeoma and Kyari join the Board and
we look forward to them applying their knowledge, experience, and expertise in
helping to deliver DBN’s core mandate as Nigeria’s primary wholesale
development finance institution, providing sustainable financing to MSMEs
across the nation,” Dr. Yahaya, stated.
Also, the Managing Director of the Bank, Mr. Tony Okpanachi
stated that “I am particularly excited by the depth and quality that both
appointees are bringing to the Board and ultimately, the institution. Together,
they bring a combined reservoir of knowledge and expertise in the financial
services sector that will add immense value to the Bank and significantly
contribute to the Bank’s development impact.” He added.
Newly appointed Executive Director, Mrs. Ijeoma Ozulumba
once served as Financial Controller at Continental Trust Bank Ltd (Now part of
UBA Plc) and MBC International Bank Ltd (Now part of First Bank). She was Chief
Financial Officer at FinBank Plc and Basel Risk Consultant and Finance Manager
at Bank of Montreal and Scotia Bank, both in Toronto, Canada. Mrs. Ozulumba
also managed corporate budgeting and management reporting for Seplat Petroleum
Development Company Plc, the largest independent E&P company in Nigeria.
A graduate of the University of Benin, Nigeria, and an
alumnus of the Lagos Business School, Mrs. Ozulumba is a fellow of the
Institute of Chartered Accountants of Nigeria and a Certified Professional
Accountant of Canada. She holds an MBA in International Business from Royal
Holloway, University of London, and is a Project Management Professional. She
was until her appointment the Chief Financial Officer at the Development Bank
of Nigeria.
Mr. Kyari Abba Kyari, newly appointed Independent
Non-Executive Director, is the Managing Director/Co-Founder of Trans Sahara
Investment Corporation, a Private Equity firm based in Lagos, Nigeria.
He had an outstanding career in Engineering and Technology
serving as the former Managing Director/CEO at Central Securities Clearing
System Plc, Lagos and ValuCard Nigeria (Unified Payments Ltd), Lagos,
respectively. He has also served as an Executive Director in charge of
Information Technology at FSB International Bank Plc.
Before joining FSB International Bank Plc, he served in
various roles as Manufacturing Development Engineer, Marketing Program Manager,
Senior IT Consultant, and as Manager in various sectors of the Hewlett Packard
Corporation in the United States of America.
Kyari Bukar was the former Chairman of the Board of
Directors of the Nigerian Economic Summit Group (NESG) and currently serves on
several other Boards.
He holds a bachelor’s degree in Physics from Ahmadu Bello
University Zaria, Nigeria, and a master’s degree in Nuclear Engineering from
Oregon State University, Corvallis, Oregon, USA.
Development Bank of Nigeria Plc is a wholesale development
finance institution, established by the Federal Government of Nigeria in
collaboration with multilateral development partners (The World Bank, AfDB,
KfW, AFD, and EIB) to address the major financing challenges facing Micro,
Small, and Medium Scale Enterprises (MSMEs) in Nigeria. DBN carries out this
function by providing financial institutions, predominantly Deposit Money and
Microfinance Banks with on-lending facilities.
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