President Bola Tinubu has sanctioned the appointment of a new management team for the Board of the Bank of Industry Limited (BOIL).

A statement from the Presidential spokesman, Chief Ajuri Ngelale, revealed that Dr. Mansur Muhtar has been appointed as Chairman, while Dr. Olasupo Olusi will serve as the Managing Director and Chief Executive Officer of the 13-member board.

The statement further detailed the appointments of Mrs. Ifeoma Uz’Okpala as Executive Director for Large Enterprises, Mr. Shekarau Omar as Executive Director for Micro, Small and Medium Enterprises, Mr. Usen Effiong as Executive Director for Corporate Services, and Ms. Mabel Ndagi as Executive Director for Public Sector & Intervention Programmes.

Additionally, Mr. Rotimi Akinde has been appointed as Executive Director for Corporate Finance & Risk Management.

Other members include Mallam Tajudeen Datti Ahmed, a Non-Executive Director representing the Ministry of Finance Incorporated; Mr. Adedamola Olufemi Young, a Non-Executive Director representing the Central Bank of Nigeria; Reverend Isaac Adefemi Agoye, a Non-Executive Director representing the Manufacturers Association of Nigeria; Mallam Muhammad Bala, a Non-Executive Director representing the Federal Ministry of Industry, Trade & Investment; Mr. Oreoluwa Adeyemi, an Independent Non-Executive Director; and Mr. Sulaiman Musa Kadira, also an Independent Non-Executive Director.

The statement highlighted that Dr. Muhtar brings decades of experience in finance, international development, public service, and academia, having previously served as Minister of Finance, Budget, and Economic Development from 2008 to 2010 and as Vice-President of Operations at the Islamic Development Bank prior to this appointment.

The President anticipates that the new board will collaborate effectively, work diligently, and uphold their commitment to the nation in fulfilling the essential role of this institution in supporting initiatives that promote job creation, alleviate poverty, and improve the socio-economic conditions of Nigerian families.