News
Tinubu Appoints Two New Directors For Bank Of Industry
President Bola Tinubu has approved the appointments of Rotimi Akinde and Ifeoma Uz’Okpala to the positions of Executive Director for Corporate Finance and Risk Management and Executive Director for the Large Enterprises Directorate, respectively, at the Bank of Industry (BOI).
The bank spokesperson, Theodora Amechi, announced in a statement made available to newsmen that these appointments are effective immediately.
Akinde brings over 20 years of experience in Investment and Corporate Banking, with a strong background in capital raising, including Debt, Equities, and Hybrids, as well as expertise in Corporate Finance, encompassing Mergers & Acquisitions, Privatization Advisory, and Project Finance.
Prior to his role at the Bank of Industry, he served as an Associate Partner in Project and Corporate Finance at Infrastructure Delivery International (IDI), where he contributed to the UKNIAF programme and advanced green finance initiatives and structured debt solutions for subnational entities.
His previous experience includes serving as the Corporate Finance Advisor at the Nigeria Infrastructure Advisory Facility (NIAF), where he focused on financing initiatives, modeling, and funding structures for infrastructure projects.
Additionally, he held the position of Group Head and Assistant General Manager for multinationals within Corporate Banking at UBA Plc and was formerly the Vice President of Corporate Finance and advisory at UBA Global Markets, now known as United Capital.
Akinde began his career as an Assistant Manager at Leadbank Plc, working in the Investment and Corporate Banking divisions.
Uz’Okpala has been with BOI since September 2014, initially serving as the Group Head of Large Enterprises Credit and later as the Bank’s Chief Risk Officer before her recent appointment.
In her capacity as the bank’s Chief Risk Officer, Uz’Okpala was instrumental in overseeing and alleviating risks linked to the bank’s operations while also offering support in Environmental, Social, and Governance (ESG) risk matters.
She provided essential ESG guidance during transactions and developed a strategic framework for attracting impact investments.
Uz’Okpala is an experienced professional in Credit and Risk Management, boasting a career that spans more than 30 years within the financial industry.
She began her professional journey at the International Merchant Bank and advanced through significant positions at MBC International, First Bank, Stanbic Bank, and UBA.
Her diverse skill set encompasses Internal Audit, Corporate Finance, Credit Evaluation and Origination, Foreign Operations, and Risk Management.
News
OERAF Executive Director Dr Akpodiete, Held Memorial lecture on Essence and benefits of health insurance+Photos
…Enrolled over 400 indigents into Delta state health insurance scheme
In a very unique and significant way of tackling health challenges in our society, the ever passionate and health insurance ambassador (HIA), Executive Director of Olotu & Ekuogbe Rowland Akpodiete Foundation (OERAF) Dr Otemu Olotu Akpodiete held memorial lecture on essence and benefits of health insurance in Nigeria in honour of his late grand father, Late Chief Ekuogbe Rowland Akpodiete Ph.D
Speaking during the event at both Okparabe and Otor-Udu respectively yesterday, he noted that health insurance is very important to every family in the society.
Akpodiete explained that, Sometimes there might be an emergency and if you don’t have health insurance, you will spent alot before you can be attended to by Medical organizations. But if there’s health insurance card with you it get easier.
“He further commended the Delta state government led by His Excellency, Rt Hon (Elder) Sheriff Oborevwori, for brining this good initiative and it’s very affordable, just with seven thousands naira, you get enrolled unlike the federal government that is almost forty thousand per person.” he added.
The Director General (DG) of the Delta State Contributory health commission, Olorogun Dr. Isaac Akpoveta ably represented by Mr. Emmanuel Akpofure, thanked the sponsor Dr Akpodiete for being the first person across Ughelli/Udu Federal Constituency to register indigents for the scheme. He called on other wealthy individuals to emulate this young man.
Dr Akpodiete also received commendation from several beneficiaries of the scheme, they said that to enrole over 400 persons in this program so far is not a joke, each person is seven thousand naira and Dr Olotu Akpodiete is not the most wealthiest before doing it. He is a man with so much passion for humanity and we prayed God to grant him his heart desires.” they concluded.
Other highlights of the event was presentation of health insurance ambassador (HIA) award to the sponsor.
Pascal Gabriel Dozie, founder of the defunct Diamond Bank Plc and a former chairman of MTN Nigeria, has died at 85 from an undisclosed ailment, a source close to the family revealed.
By Kayode Sanni-Arewa
On Monday The Naira depreciated to N1,629 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,629 per dollar from N1,600 per dollar last week Friday, indicating N29 depreciation for the naira.
Likewise, the naira depreciated to N1, 570 per dollar in the parallel market from N1,565 per dollar last weekend. Consequently, the margin between the parallel market and NFEM rate widened to N59 per dollar from N35 per dollar last weekend.
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