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Tinubu Names Shamsudeen Usman MOFI Board Chairman

The president said he expects the highest level of results-driven performance from the highly experienced team.

President Bola Tinubu has approved the appointment of Dr Shamsudeen Usman as Chairman of the 10-man Board of Directors of the Ministry of Finance Incorporated (MOFI).

The President, in a statement issued on Friday by his Media Adviser, Ajuri Ngelale, also named Dr. Armstrong Ume Takang as CEO/Managing Director and eight others as Executive and Non-Executive Directors  of MOFI. 

The other appointees include Mr. Tajudeen Datti Ahmed, Executive Director, Portfolio Management; Mr. Femi Ogunseinde, Executive Director, Investment Management;

Mrs. Oluwakemi Owonubi, Executive Director, Risk and Mrs. Fatima Nana Mede — Non-Executive Director.

Others are Mr. Ike Chioke, Non-Executive Director; Ms. Chantelle Abdul, Non-Executive Director; Mr. Alheri Nyako — Non-Executive Director and Mr. Bolaji Rafiu Elelu — Non-Executive Director

President Tinubu placed 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 expected nothing less than the highest level of results-driven performance from the highly experienced and qualified MOFI Board and Management team.

Also on Friday, President Tinubu approved the appointment of two Nigerians to serve as nembers on the Board of the Nigeria Customs Service (NCS) for a term of four years as representatives of the organized private sector.

The new board members, according to a release by presidential spokesperson, Ajuri Ngelale, are Dr. Aba Ibrahim and Dr. Muda Yusuf.

The President wished the new appointees well in their deliberations, with an expectation that the views and perspectives of the private sector are fully articulated, such that the objectives of the Renewed Hope agenda in the active promotion and attraction of investment across multiple sectors of the economy are completely realized through the efficient implementation of ongoing reforms within the Nigeria Customs Service (NCS).

Deji Elumoye in Abuja

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