By Tony Obiechina, Abuja 

Presìdent Muhammadu Buhari has approved the appointments of a new Managing Director/Chief Executive Officer and two new Executive Directors for the Nigeria Sovereign Investment Authority (NSIA).

They are Aminu Umar-Sadiq, as the new MD/CEO; Mr. Kolawole Owodunni, and Mrs. Bisi Makoju, as Executive Directors

This is contained in a statement issued by the Special Adviser, Media & Communications To Minister of Finance, Budget & National Planning Mr Yunusa Tanko Abdullahi in Abuja on Monday. 

The appointments of the new MD follows the expiration of the tenure of the erstwhile MD, Mr. Uche Orji, on the 30th of September, 2022 after serving two five-year terms, having been appointed on 2nd October, 2012.

Section 16(3) of the NSIA Establishment Act 2011 specifies that the Executive Nomination Committee (ENC) be constituted to begin the process of recruitment and selection process for the replacement of Mr. Orji, the MD, and the Executive Directors.

Aminu Umar-Sadiq, who is currently an Executive Director and Head of Infrastructure, has a Bachelor’s and Master’s degrees in Engineering Sciences from University of Oxford (Saint John’s College), Oxford, United Kingdom (UK).

He is Archbishop Tutu Leadership Fellow (ATLF) and also Mandela Washington Fellowship (MWF).

Umar-Sadiq commenced his professional career in Mergers and Acquisitions M&A) focused on Infrastructure and Energy at Morgan Stanley Investment Bank, proceeding to Infrastructure focused private equity at Denham Capital Management, all in the UK. 

He has worked on several projects including Presidential Fertiliser Initiative, an import substitution program for the delivery of 1 million high quality, lower cost to farmers at lower cost metric tons of fertilizer.

 He was also a part of the Presidential Infrastructure Development Fund, an investment fund focused on the actualisation of five strategic nationwide projects in the transportation and power sectors. He has a vast experience in investment and infrastructure industry. 

Mrs. Bisi Makoju is a Financial Expert with vast experience, in financial risk management, while Mr. Kolawole Owodunni is a professional of 18 years standing in the Financial Services Sector with emphasis in investment management, Risk Management and Treasury. 

They are all expected to help steer and transform the investment and infrastructure industry and propel the sector to a higher pedestal.