Dr. Olasupo Olusi
Profile
Dr. Olasupo Olusi is a distinguished economist and seasoned development finance expert, with a remarkable over two-decade career dedicated to shaping economic policies, fostering fiscal sustainability, and driving private and financial sector development on a global scale. Currently the Managing Director and CEO of the Bank of Industry, Dr. Olusi brings a wealth of expertise honed through his extensive tenure with prestigious institutions such as the World Bank and the International Finance Corporation (IFC).
His illustrious journey commenced at the World Bank, where he significantly contributed to capital markets reform and conducted ground-breaking research on finance and private sector development in the Middle East and North Africa. Over the years, Dr. Olusi has assumed pivotal roles, including as a World Bank Country Economist for many countries, Economic Adviser at the Federal Ministry of Finance in Nigeria, and Senior Private Sector Specialist at the International Finance Corporation (IFC)
In the sphere of fiscal policies and debt management, Dr. Olusi brings his expertise to bear in ensuring financial stability and transparency, a testament to his commitment to responsible economic practices. With a proven track record in project management, financing, and implementation, he has successfully led diverse projects, showcasing proficiency in both lending and non-lending spheres. His strategic vision includes creating an enabling environment for businesses through thoughtful policy reforms. Dr. Olusi’s adept knowledge and management skills contribute to impactful initiatives, including newsletters and inspirational lecture series.
Dr. Olasupo Olusi’s comprehensive approach encompasses nurturing entrepreneurship and fostering overall business development. His multifaceted expertise positions him as a valuable leader in shaping economic landscapes and driving transformative change. Noteworthy accomplishments include leading multi-million-dollar development projects, steering private sector diagnostics, and managing investment lending initiatives. Dr. Olusi played a pivotal role in delivering the World Bank Group’s inaugural comprehensive assessment of Nigeria’s private sector in 2020.
In his current role as the Managing Director and CEO of the Bank of Industry, Dr. Olusi is steering the organization towards transformative and competitive economic endeavours. Leveraging his profound understanding of macroeconomic dynamics, his leadership is marked by a commitment to sustainable development, strategic planning, and localised implementation of corporate priorities. Devoted to the growth of Micro, Small, and Medium Enterprises (MSMEs), he actively works towards economic diversification and drives impactful reforms in public sector entities, emphasizing improved governance and efficiency. Actively engaged in collaboration with multi-stakeholders, co-leading knowledge management initiatives, and spearheading impactful projects, Dr. Olusi continues to significantly contributee to the success and resilience of Nigeria’s industrial landscape.
The five thematic areas of focus under his leadership at BOI are SMEs, Digital Transformation, Youth and Skills, Gender and Climate. Also, there will be special focus and strategic initiatives that will be game changer for Nigeria’s private sector.
Dr. Olusi holds a B.Sc. Economics from Hull University, UK; M.Sc. in International Money, Finance, and Investment at the University of Durham, UK and Ph.D. in Economics, also from the University of Durham. He is a proud member of the Royal Economic Society (United Kingdom) and the American Finance Association (USA).
Capabilities
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Ifeoma Uz’Okpala
Profile
Ifeoma Uz’Okpala, a seasoned Credit and Risk management professional, has a career of over 27 years in the financial sector. She commenced her journey at International Merchant Bank and progressed through key roles at MBC International, First Bank, Stanbic Bank, and UBA. Her versatile expertise encompasses Internal Audit, Corporate Finance, Credit Evaluation and Origination, Foreign Operations, and Risk Management.
An alumna of the University of Nigeria, where she graduated from the Accountancy Department, Ifeoma further honed her skills at the prestigious Lagos Business School. She is a Fellow of the Institute of Chartered Accountants of Nigeria, she is dedicated to professional development, evidenced by her memberships in respected organizations such as the Chartered Risk Management Institute of Nigeria, Sustainability Professionals Institute of Nigeria, and Institute of Corporate Responsibility and Sustainability Professionals.
She joined the Bank of Industry in 2014 as Group Head, Large Enterprises Credit and later served as the Group Head of Environmental Social and Governance Risk where she offered invaluable ESG support within transactions and provided the roadmap for attracting impact investments.
Ifeoma Uz’Okpala was the Chief Risk Officer of BOI and played a crucial role in managing and mitigating risks associated with the Bank’s operations.
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Mr. Shekarau D. Omar
Profile
Mr. Shekarau D. Omar obtained a 2nd Class Upper Division (B.Ed.) Honors Degree (1985) from the Ahmadu Bello University, Zaria. He also obtained two Masters’ Degrees in Educational Administration (M.Ed., 1991) and International Law and Diplomacy (MILD, 1992) from the University of Lagos.
He is a consummate professional with over 30 years’ experience, having previously served in the Military, University, Banking and Telecommunications Sectors before joining BOI Ltd in 2005 as a Senior Manager/Head of Human Resources. He rose through the ranks to become a General Manager in 2014. He was the General Manager (Management Services) and later General Manager (SME-North) between 2014 and 2018. He was subsequently appointed as the General Manager (Large Enterprises) in December 2018 and was elevated as the Executive Director, Small and Medium Enterprises in March 2019.
He is a Licensed Human Resource Professional, a member of the Society for Human Resources Management (SHRM), a member of the Chartered Institute of Personnel Management (CIPM), a member of the Chartered Institute of Administration of Nigeria and an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).
Mr. Omar has attended several human resources and personnel management, telecommunications, banking and leadership training programmes throughout his career, both locally and abroad, including courses at the Galilee Institute of Management, Israel, the Institute of International Finance, United Kingdom and the Financial Institutions Training Centre (FITC), Nigeria.
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Mr. Usen Effiong
Profile
Mr. Usen Effiong was appointed as an Executive Director of the Bank in May 2022. He currently oversees the Corporate Services and Commercial Directorate where his responsibilities include supervision of the operations of the Management Services Division (Human Resources, Security and Administration & Procurement Departments) and the Bank’s Subsidiaries.
Prior to joining the Bank, Mr. Usen Effiong served as Deputy Director in Branch Operations Department, Central Bank of Nigeria; overseeing the Service Delivery Division.
Mr. Effiong has over thirty two (32) years’ work experience in Central Bank of Nigeria, out of which 20 years were in core HR functions of Performance Management, Workforce Planning, Talent Management, Change Management, Continuous Improvement and HR Transformation.
He led the team that successfully implemented the Automation of Promotion Examination process in the Central Bank of Nigeria. He was the Best Staff of Human Resources Department for 2003 and a member of Project EAGLES Communication & Culture Change Team.
Mr. Usen Effiong is passionate about value creation in business and enabling dynamic and customer focused work environment.
He holds a Bachelor of Science (Hons) Degree in Agricultural Economics from University of Calabar and a Master’s Degree (M.Sc.) in Agricultural Economics from University of Ibadan.
He is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN), Full Member of Chartered Institute of Personnel Management (CIPM), Member of Nigerian Institute of Management (NIM), a Certified Talent Acquisition Professional (CTAP),and a Strategic Workforce Planner of the Human Capital Institute (SWP).
Capabilities
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Mr. Rotimi Akinde
President Bola Ahmed Tinubu has appointed Mr. Rotimi Akinde Executive Director, Corporate Finance & Risk Management to the Bank of Industry (BOI) effective, Monday, August 26, 2024.
Rotimi Akinde is a finance professional with over 20 years Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance).
Prior to joining the Bank of Industry, he was an Associate Partner, Project & Corporate Finance at the Infrastructure Delivery International (IDI), where he worked on the UKNIAF programme and promoted green finance as well as structured debt solutions for sub-nationals.
He also worked previously as the Corporate Finance Advisor at Nigeria Infrastructure Advisory Facility (‘NIAF’), providing financing initiatives, modelling and funding structures on infrastructure.
He served within Corporate Banking as the Group Head & Assistant General Manager, Multinationals at UBA Plc, prior to which he was Vice President, Corporate Finance & Advisory at UBA Global Markets (‘now United Capital’).
He was a Privatization Adviser & Head, Oil & Gas Team at the Bureau of Public Enterprises (BPE), where he closed on the divestiture and sale of the Federal Government’s equity interest in 11 Oil Services Companies and achieved the sale of all the Federal Government’s LPG assets.
He was an Assistant Manager in Leadbank Plc, within both the Investment and Corporate Banking Groups.
Prior to this he had worked in the financial sector in the United Kingdom as an Investment Analyst with Barclays Funds, London and a stint as an Analyst with Merrill Lynch Investment Managers, London.
Rotimi holds a Bachelors degree in Economics from the Obafemi Awolowo University, Ile-Ife; earned a Masters Degree in International Securities, Investment & Banking from the University of Reading, UK and holds an Executive MBA from INSEAD.
Ms. Mabel Ndagi
Profile
Ms. Mabel Ndagi is currently the Executive Director of the Micro Enterprise Directorate at the Bank of Industry (BOI). She oversees the implementation of tailored financial and non-financial solutions created for Nigerians at the bottom of the economic pyramid as well as Micro Enterprises operating in the country.
Ms. Ndagi possesses deep financial services expertise that has spanned over 30 years across various functions including treasury management, corporate finance, project finance, integrated marketing communications, special products management, strategic alliances as well as gender development.
Prior to being appointed as an Executive Director, Ms. Ndagi served as the pioneer Divisional Head of the Bank’s Communications and External Relations Division. In that capacity, she was responsible for maintaining a positive brand image for the Bank.
Before this role, Ms. Ndagi led several business groups within the Bank such as the Public and Multilateral Desk, Monitoring and Supervision Group of the Central Bank of Nigeria (CBN) Intervention Funds Desk as well as the Gas & Petrochemicals Group of the Bank’s Large Enterprise Directorate. Ms. Ndagi spearheaded the setup of a dedicated Gender Desk within the Bank in furtherance of the Bank’s deliberate efforts to promote gender empowerment.
She remains committed to this mandate through her leadership of the Bank’s Women Programmes as well as local and international representations at women-led sessions.
Prior to BOI, Ms. Ndagi had worked in Banking and Financial Services Institutions including the erstwhile International Merchant Bank (IMB), a former affiliate of First National Bank of Chicago.
She has attended various professional and leadership trainings around the world. These include New York Institute of Finance, New York; Centre for Finance Strategy, Cambridge Massachusetts, City University Business School, London as well as Institute de Francaise, France.
Ms. Ndagi holds a Bachelor of Law Degree from the Ahmadu Bello University, Zaria. She was called to the Nigerian Bar in 1987. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN).
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Mr. Leonard Kange
Profile
Mr. Leonard Kange is an accomplished Business Leader with over 30 years of domestic and international experience in the Financial Services Industry. His experience in the industry spans Relationship Management, Strategy, Investment Banking, Treasury, Information Technology, Corporate Banking, Commercial Banking, Financial Advisory Services and Insurance.
Leonard currently heads the Corporate Finance and Advisory Division of the Bank. His responsibilities include raising capital locally and internationally to support BOI’s lending activities as well as providing financial advisory services and solutions to its customers.
Leonard joined Bank of Industry Ltd (BOI) in 2017 as the Divisional Head/General Manager, Large Enterprises and was responsible for leading and supervising business development, operations and financial health of the Food Processing, Creative Industry, Solid Minerals, Gender and Special Intervention Funds (for power, Aviation, Manufacturers Refinancing and Restructuring) Business Groups until October 2022. He was also a leading member of the team responsible for sourcing financing from local and international institutions to support the Bank’s lending activities.
Leonard also chairs the Information Security Steering Committee (ISSC) and the Information Technology Steering Committee (ITSC) respectively.
Before joining BOI, Leonard gained extensive experience working for the Royal Bank of Canada (RBC) as a Senior Retail and Franchise Specialist from 2007 to 2017. In this role, he was responsible for Business Development & management of major client relationships, negotiating and implementing complex financing structures, portfolio management, risk assessment and monitoring on behalf of RBC for the benefit of clients. He was also responsible for developing Business Plans, distilling target markets and converting new clients.
Prior to joining Royal Bank of Canada, Leonard had a brief stint as a Financial Advisor at Freedom 55 Financial, Toronto, where he developed solid financial plans for individual and corporate clients.
Leonard invested over 13 years at FSB International Bank Plc (1992-2005) before seeking international banking experience. At FSB, he occupied several Senior Management roles including leading the Relationship Management teams in Corporate and Investment Banking, heading the Strategy and IT functions and Executive Assistant to the Chairman/CEO of the Bank. At the point of his voluntary exit in 2005, he was the Group Head, Corporate & Investment Banking.
Leonard earned a BSc Degree in Sociology from Ahmadu Bello University, Zaria (1986) (Accredited by University of Toronto). He also earned the Professional Financial Planner (PFP) designation in 2007 and the Project Management Professional (PMP) designation in 2008 while in Canada.
Leonard has also attended several professional development programmes at a number of renowned institutions including: The Wharton Business School, USA; RBC Royal Bank of Canada; University of Florida, USA; CitiBank, USA; Cambridge Academy of Transport, UK; Galilee International Management Institute, Israel.
Leonard is a Certified Member of the Project Management Institute (PMI), USA and a member of the Institute of Directors of Nigeria (MIoD).
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Dr. Rislanudeen Muhammad
Profile
Dr. Rislanudeen holds a Bachelors Degree in Economics (Second Class Upper) from Bayero University, Kano, 1985; an MSc. Degree in Economics from Ahmadu Bello University, Zaria, 1991 and a Ph.D in Economics from Bayero University, Kano, 2019 (where he graduated with Distinction). He is an Adjunct Lecturer in the Department of Banking and Finance, Bayero University, Kano and Department of Economics, Nile University, Abuja.
Dr. Rislanudeen has had extensive professional training, both in Nigeria and abroad, and is an alumnus of four (4) prestigious Business Schools – Lagos Business School, Harvard Business School and London Business School as well as the Galilee International Management Institute, Israel.
He is an Honorary Senior Member, Chartered Institute of Bankers of Nigeria (CIBN); a Fellow, Nigerian Institute of Management Consultants; Fellow, Association of Enterprise Risk Management Professionals; a Fellow, Nigerian Institute of Fiscal Studies; Chartered Risk Manager, Chartered Risk Management Institute of Nigeria; Life Member, Nigerian Economic Society; Fellow, Institute of Service Excellence and Good Governance; Fellow, Chartered Institute of Loan and Risk Management; Fellow, Nigerian Institute of Training and Development; Fellow, Institute of Business Administration and Knowledge Management; Fellow, Nigerian Institute of Corporate Administration; Fellow, Nigerian Institute of Training and Development; Member, Nigerian Institute of Management; Technical Advisor, Commonwealth Women in Business Board and Member, Daily Trust Newspapers Board of Economists, among others.
He has over 33 years’ experience in Budget and Economic Planning, Corporate Banking, Credit and Operations, Retail and e-Banking, Risk Management and Investment Advisory Services.
Dr. Rislanudeen joined the Bank in 2018 and is now the Chief Economist and Head, Strategy and Research.
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Dr. Isa Emmanuel Omagu
Profile
Dr. Isa Omagu joined Bank of Industry Ltd (BOI) in October 2022 and is currently the Divisional Head in-charge of Large Enterprises 1. He is responsible for leading and directing the origination and coverage of relationships in Food and Beverages, Oil &Gas, Creative and Digital, and Chemicals and Industrial Minerals strategic business groups.
Prior to joining BOI, Isa was the Director, Marketing & Sales in Unified Payment (UP) Services Limited, a FinTech company owned by key Banks in Nigeria, where he was responsible for Agency Networks across Nigeria, Payment Solutions and UP’s Payment Gateway, Payarena.
He had a brief stint in a turnaround role as the Chief Operating Officer (COO) of Glo Mobile Ghana in 2019.
Isa is a GTBank veteran with over thirteen (13) years in different roles including Non-Executive Director of Guaranty Trust Bank (Sierra Leone) Limited while doubling as the General Manager & Divisional Head responsible for Guaranty Trust Bank’s Commercial Banking business on Lagos Mainland until January 31, 2019.
Isa has over 34 years’ professional work experience spanning teaching, auditing, foreign trade supervision, telecommunications sector, payments industry and over 20 years of extensive banking experience in Institutional and Commercial Banking across top Banks in Nigeria starting with FSB International Bank through NAL Bank Plc to Guaranty Trust Bank Plc.
Isa was the Global Chairperson of University of Stellenbosch Business School (USB) Alumni Association and an Advisory Board Member of USB in Cape Town between 2014 and 2019. He is also a Member of the Executive Council of Lagos Business School Alumni Association (LBSAA)
Isa is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (HICB), a Member of the Institute of Directors (MIoD), an Associate of the Certified Pension Institute of Nigeria (ACIP), a Member, Nigeria Institute of Management (MNIM) and a Chartered Development Finance Analyst (CDFA).
Dr. Omagu graduated as the Best Student in Chemistry with a Bachelor of Science Degree from Ahmadu Bello University in 1988. He obtained a Post Graduate Diploma and a Master of Science Degree in Economics from University of Lagos, Nigeria, Master of Business Administration from IESE Business School, Spain, Master of Development Finance from the University of Stellenbosch Business School, South Africa and is a Graduate of the Advanced Management Programme of Lagos Business School/Pan African University, Lagos. He also holds a Doctorate in Business Administration with specialization in Entrepreneurship and Small Business Management from Babcock University.
Dr. Omagu has attended Executive Education Programmes at Cranfield School of Management in the United Kingdom; Kellogg School of Management, IIIinois; and Ross Business School, Michigan, United States of America.
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