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Buhari appoints Tony Okpanachi as development bank MD, names board

– President Muhammadu Buhari appoints Tony Okpanachi as the Managing Director of the newly set up Development Bank of Nigeria (DBN)

– Okpanachi will be supported by the Chief Financial Officer, Mrs. Ijeoma Ozulumba and Chief Risk Officer, Mr. Olu Adegbola

The Federal Government has appointed Tony Okpanachi, as the pioneer Managing Director of the Development Bank of Nigeria (DBN), Daily Trust reports.

This was disclosed in a statement from the Ministry of Finance, signed by Director, Information Salisu Na’inna on Thursday, March 30.

FG appoints Tony Okpanachi as development bank MD

FG appoints Tony Okpanachi as development bank MD

Na;inna said Mr Okpanachi will be supported by the Chief Financial Officer, Mrs. Ijeoma Ozulumba and Chief Risk Officer, Mr. Olu Adegbola.

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Before his appointment as Managing Director/ CEO of Development Bank of Nigeria, Okpanachi was the Deputy Managing Director of Ecobank Nigeria Limited, former Managing Director, Ecobank Kenya and Cluster Managing Director for East Africa (comprising Kenya, Uganda, Tanzania, Burundi, Rwanda, South Sudan and Ethiopia).

He was also at various times Managing Director of Ecobank Malawi and Regional Coordinator for Lagos and South West of Ecobank Nigeria.

He is a seasoned Banker with over 26 years’ experience and holds a Master degree in Business Administration (MBA) from Manchester Business School UK with a Master of Science degree in Economics from University of Lagos.

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Also appointed are:

1. The Chairman of the board, Dr. Shehu Yahaya (who was the interim MD of DBN and former Executive Director, AfDB);

2. Managing Director/Chief Executive, Nigeria Sovereign Investment Authority, Uche Orji

3. Mohammed Kalif, of the African Development Bank as members.

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