Mansur Muhtar takes the reins as Tinubu’s Pick for Bank of Industry chair

Business a.m.

President Bola Tinubu has unveiled a new board of directors for the Bank of Industry (BOI), with Mansur Muhtar appointed as the chairman.

The new board of the Bank of Industry was announced in a statement released by Ajuri Ngalale, the presidential spokesperson, revealing the names of other key appointees in addition to Chairman Mansur Muhtar.

The statement revealed that Olasupo Olusi was named as the managing director and chief executive officer (CEO) of the BOI. Ifeoma Uz’Okpala, Shekarau Omar, and Usen Effiong were also appointed as executive directors, responsible for Large Enterprises, Micro, Small & Medium Enterprises (MSMEs), and Corporate Services respectively.

The board of the Bank of Industry is further bolstered by the appointments of Mabel Ndagi as executive director, Public Sector & Intervention Programmes; Rotimi Akinde as executive director, Corporate Finance & Risk Management; Tajudeen Datti Ahmed as non-executive director, representing the Ministry of Finance Incorporated; and Adedamola Olufemi Young as non-executive director, representing the Central Bank of Nigeria (CBN).

Other appointees include: Isaac Adefemi Agoye as a non-executive director, representing the Manufacturers Association of Nigeria (MAN); Muhammad Bala as a non-executive director, representing the Federal Ministry of Industry, Trade & Investment; Oreoluwa Adeyemi as an independent non-executive director; and Sulaiman Musa Kadira as an independent non-executive director.

According to Ngelale, Mansur Muhtar, the newly appointed BOI chairman, brings with him a wealth of experience in the financial sector, having served as Nigeria’s Minister of Finance, Budget, and Economic Development from 2008 to 2010. He has also held the position of vice president, operations at the Islamic Development Bank.

Ngelale stated that President Bola Tinubu has placed his trust in the newly appointed board members of the Bank of Industry (BOI), tasking them with working cohesively and tirelessly towards the advancement of the bank’s mandate, as well as its contribution to the betterment of Nigerian families.