By Tony Obiechina, Abuja
President Muhammadu Buhari has approved the appointment of the inaugural members of the board and the executive management team of the new Ministry of Finance Incorporated (MOFI) to kickstart the execution of its crucial mandate.
This was contained in a statement released on Thursday by Yunusa Tanko Abdullahi, Special Adviser, Media & Communications to the Minister of Finance, Budget & National Planning.
According to the statement, the board of directors is to provide strategic direction and oversight while the executive management team is to drive effective day-to-day operations of the business and will be supported by the middle management team.
The constituted part-time board members are: Dr. Shamsudeen Usman, Chairman.
The non-executive directors are Permanent Secretaries Finance and Petroleum. Accountant-General of the Federation, and representative of Central Bank of Nigeria (CBN).
Others are Mr. Olawale Edun, Hajiya Fatima Mede, Ike Chioke, Muhammad Nda ; and Barrister Alheri Bulus Nyako.
The President also approved Executive Management including Dr. Armstrong Katang as CEO, Eric Ojo, Executive Director, Portfolio, Sani Yakubu, Executive Director, Investment, and Oluwafemi Owonubi, Executive Director, Risk.
The statement noted that the appointees have been “identified with key competencies to drive the achievement of MOFI’s governance and management objectives”, adding that the Governing Council will be inaugurated by the President on a later date.
MOFI, Pursuant to sections 2 and 3 of MOFI Act 1959, is a corporation sole vested with the responsibility to manage all federal government investments, interests, estates, easement and rights.