• Contact Us
  • About Us
Saturday, January 21, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home News

FG Restructures Ministry Of Finance Incorporated, Appoints Former  Minister As Chairman

metro by metro
January 20, 2023
in News
0
Muhammadu Buhari
0
SHARES
0
VIEWS

President Muhammadu Buhari has appointed former Minister of Finance,  Dr. Shamsuddeen Usman as Chairman of the new  Ministry of Finance Incorporated (MOFI).

According to a statement by the Federal Ministry of Finance,  last night, the Chairman, also a former Deputy Governor of the Central Bank of Nigeria (CBN), would function on a part-time basis.

Others appointed into the board were: Mr. Olawale Edun, Hajiya Fatima Mede, Ike Chioke, Muhammad Nda ; and Barrister Alheri Bulus Nyako.

Institutional non-executive members of the board included: Permanent Secretaries of the Ministries of Finance and Petroleum,  Accountant-General of the Federation, and  representative of Central Bank of Nigeria (CBN).

Mr President also appointed Dr. Armstrong Katang as CEO, Eric Ojo, Executive Director, Portfolio, Sani Yakubu, Executive Director, Investment, and Oluwakemi Owonubi, Executive Director, Risk.

The statement signed by Mr. Tanko Abdullahi, Special Adviser, Media & Communications, to the Minister of Finance,  Budget and National Planning, indicated that all the above persons were identified with key competencies to drive the achievement of MOFI’s governance and management objectives.

It added that the board of directors would provide strategic direction and oversight while the executive management team would  drive effective day-to-day operations of the business and to be supported by the middle management team.

The Governing Council of MOFI is to be inaugurated by Mr. President on a later date.

MOFI is a corporation vested with the responsibility to manage all federal government investments, interests, estates, easement and rights.

ALSO READ:Fuel Scarcity: End Not In Sight As Volume Of Product Lifted By Marketers Has Dropped By 40%
The appointments are  coming barely 3 months after the Federal Government announced the commencement of the process of restructuring the MOFI, the investment vehicle of the Federal Government with over N30 trillion in assets size, some of which are non-performing.

Read Also

‘You Are Welcome Back’, Buhari Receives Emefiele In Abuja, As Governor Keeps Mum On Outcome

CBN Moves To Check Scarcity Of New Notes, Bends Conditions For Accessment By Banks

CBN Governor, Emefiele, Appeals Against $53m Debt Summons 

Previous Post

Fuel Scarcity: End Not In Sight As Volume Of Product Lifted By Marketers Has Dropped By 40%

Next Post

PDP Suspends Chimaroke Nnamani, Chris Ogbu, Fayose’s Son, Others

Related Posts

News

‘You Are Welcome Back’, Buhari Receives Emefiele In Abuja, As Governor Keeps Mum On Outcome

January 19, 2023
Godwin Emefiele
News

CBN Moves To Check Scarcity Of New Notes, Bends Conditions For Accessment By Banks

January 19, 2023
CBN
News

CBN Governor, Emefiele, Appeals Against $53m Debt Summons 

January 18, 2023
Buhari Extends Tenure Of IGP Baba, Says Appointment Now  On Four-Year Period.
Breaking

Buhari Extends Tenure Of IGP Baba, Says Appointment Now  On Four-Year Period.

January 18, 2023
Next Post
PDP Suspends Chimaroke Nnamani, Chris Ogbu, Fayose’s Son, Others

PDP Suspends Chimaroke Nnamani, Chris Ogbu, Fayose’s Son, Others

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PDP Suspends Chimaroke Nnamani, Chris Ogbu, Fayose’s Son, Others

PDP Suspends Chimaroke Nnamani, Chris Ogbu, Fayose’s Son, Others

January 21, 2023
Muhammadu Buhari

FG Restructures Ministry Of Finance Incorporated, Appoints Former  Minister As Chairman

January 20, 2023
Muhammadu Buhari

Fuel Scarcity: End Not In Sight As Volume Of Product Lifted By Marketers Has Dropped By 40%

January 20, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version