FG Appoints Joseph Nnanna NEXIM Bank Board Chairman

By Modupe Gbadeyanka

Federal Government has announced Mr Joseph Nnanna as the new Chairman, Board of the Nigeria Export Import Bank (NEXIM).

Also appointed are members of the board; Dr Mudashiru Olaitan, Mrs Olubunmi Siyanbola, Mr Ochapa Ogenyi, Mr Adesina Adegbenro and Hajiya Ramatu Ahmed.

They will join the executive management team of the bank headed by Mr Abba Bello as the Managing Director/Chief Executive, assisted by Bala Bello, Executive Director, Corporate services and Stella Okotete, Executive Director, Business Development.

The new board chairman is a former Deputy Governor (Economic Policies) at Central Bank of Nigeria (CBN).

A statement issued on Friday by the Head of Strategy and Communications at NEXIM Bank, Mr Tayo Omidiji, stated that, “The new Chairman brings to bear his rich experience as an economist and banker over the last three decades during which he has been involved in policy formulation and development of financial markets.”

Mr Nnanna joined the CBN in 1994 and rose to become the Director, Research and Statistics in 2001 before he was appointed Deputy Governor in 2015.

In-between his career at the apex bank, he held several positions and was the Director General of West African Monetary Institute (WAMI) from 2006 to 2008.

He also served as a Staff Economist & Desk Officer in the African Department of the International Monetary Fund (IMF) and was a Consultant to the United Nations Conference on Trade & Development (UNCTAD).

According to yesterday’s statement, Minister of Finance, Mrs Kemi Adeosun, had inaugurated the board and charged them to ensure effective operations that would help exporters in the country.

It added that the bank was quite excited that the inauguration of the new board would engender necessary synergy and strengthen the corporate governance structures to deliver quickly on its mandate.