The Development Bank of Nigeria (DBN) Plc. has appointed five new Independent Directors to its Board to fill existing vacancies.
The appointments, the Managing Director, Dr. Tony Okpanachi, disclosed today in Abuja, were part of the bank’s on-going efforts to strengthen its leadership and corporate governance structure.
According to him, the organisation remained committed to its mission of promoting inclusive growth and economic development, through the Micro, Small and Medium Enterprises (MSMEs) vehicles in the country.
He added that development reaffirmed DBN’s commitment to sustainable development, excellence and innovation as the institution continued to evolve and shape the dynamic MSME financing landscape in Nigeria.
On the value the new directors were bringing on board, the MD said, “Their diverse expertise and leadership will be instrumental as we continue to drive financial inclusion and support economic growth in Nigeria.
“At the same time, we extend our deepest gratitude to our esteemed pioneer directors for their unwavering dedication and contribution. They have been pivotal to DBN’s success story, and we wish them the very best in their future endeavours.”
The Directors were: Ms. Imoni Akpofure, Mr. Urum Eke, Mr. Mohammed Bintube, Ms. Folakemi.Fatogbe, and Mrs. Juliet Anammah.
Ms. Akpofure was the Regional Director for Africa at CDC Group Plc (now British International Investment), the United Kingdom’s Development Finance Institution, which invests in viable private businesses in developing countries to bootstrap economic growth.
Mr.. EKe is currently the Executive Chairman of Fairchild Group, a fully integrated business advisory firm in Lagos.
He was the Group Managing Director of FBN Holdings Plc and served as a Non-Executive Director on the Boards of First Bank of Nigeria Limited.
Mr. Bintube is the current Chairman of Jaiz Bank; while Mrs. Anammah was ntil January 2020, the Chief Executive Officer of Jumia Nigeria.
Ms. Fatogbe once served as Special Adviser to former CBN Governor, Lamido Sanusi on Risk Management and Banking Reforms. She was also the bank’s pioneer Director of Risk Management.
The directors who recently exited the DBN Board were: Mrs. Clare Omatseye, Mr. Phillips Oduoza, Dr. Oladimeji Alo, Mr. Bello Maccido, Mr. Andrew Alli, and Dr. Shehu Yahaya, who was the.Chairman.
DBN was set up the Federal Government of Nigeria in partnership with several International Finance Institutions like the World Bank, African Development Bank (AfDB), KfW Development Bank (Germany), Agence Francaise de Developpement (AfD) and the European Investment Bank (EIB), to provide medium to long term financing to MSMEs.
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