President Bola Tinubu has approved the appointment of ten qualified Nigerians to serve on the Board of Directors of the Ministry of Finance Incorporated (MOFI):

(1) Dr. Shamsudeen Usman — Board Chairman

(2) Dr. Armstrong Ume Takang — CEO/Managing Director

(3) Mr. Tajudeen Datti Ahmed — Executive Director, Portfolio Management

(4) Mr. Femi Ogunseinde — Executive Director, Investment Management

(5) Mrs. Oluwakemi Owonubi — Executive Director, Risk

(6) Mrs. Fatima Nana Mede — Non-Executive Director

(7) Mr. Ike Chioke — Non-Executive Director

(8) Ms. Chantelle Abdul — Non-Executive Director

(9) Mr. Alheri Nyako — Non-Executive Director

(10) Mr. Bolaji Rafiu Elelu — Non-Executive Director

President Tinubu places a premium on accurate and purposeful performance assessment of both commercial and non-commercial government-owned enterprises, as well as on the consistent attainment of the highest returns possible on all investments made in trust of the Nigerian people. As a result, the President expects nothing less than the highest level of results-driven performance from this highly experienced and qualified MOFI Board and Management team.

Chief Ajuri Ngelale
Special Adviser to the President

(Media & Publicity)

November 24, 2023