Buhari approves board members, management team for new Ministry of Finance Incorporated

President Muhammadu Buhari has approved new board members and management team for the new Ministry of Finance Incorporated.

The competent 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.

This was contained in a statement by the Special Adviser, Media and Communications to the Minister of Finance, Mr Yunusa Tanko Abdullahi, a copy of which was obtained by Persecondnews.

The constituted part-time board members are, Dr. Shamsudeen Usman, Chairman. The non-executive directors are Permanent Secretaries Finance and Petroleum and the Accountant-General of the Federation, and representatives 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 Takang as CEO, Eric Olo Executive Director, Portfolio, Sani Yakubu, Executive Director, Investment, and Oluwakemi Owonubi, Executive Director, Risk.

The approval of the various appointments by President Buhari is to fast track and bring about policies to manage government investment, interest, estates, easement and right.

The statement reads: “President Muhammadu Buhari has approved the appointment of the inaugural members of the board and executive management team of the new Ministry of Finance Incorporated (MOFI) to kickstart the execution of its crucial mandate.

“The competent 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.

“Competence was the watchword in the formation of this formidable team to drive the achievement of MOFI’s governance and management objectives.

“All the above persons were identified with key competencies to drive the achievement of MOFI’s governance and management objectives.”

The Governing Council of MOFI is to be inaugurated by the President at a date to be announced later.