DBN Appoints Ozulumba, Abba Kyari New Directors
Nigeria’s primary wholesale development finance institution, Development Bank of Nigeria (DBN), has announced the appointment of two new directors into its board.
The appointees are Mrs Ijeoma Ozulumba and Mr Kyari Abba Kyari who have now taken their seats on the Board as Executive Director and Independent Non-Executive Director respectively.
Unveiling the development, Chairman, DBN Board of Directors, Dr Shehu Yahaya said the appointments of Ozulumba and Kyari would further strengthen the Bank’s vision of providing adequate and sustainable financing to Micro, Small, and Medium Enterprises (MSMEs) nationwide.
He said the bank would continually uphold the highest standards of corporate governance that have kept it on a steady trajectory of progress.
According to him; “We are thrilled to have Ijeoma and Kyari join the Board and we look forward to them applying their knowledge, experience, and expertise in helping to deliver DBN’s core mandate as Nigeria’s primary wholesale development finance institution, providing sustainable financing to MSMEs across the nation.”
Also, speaking on the development, Managing Director of the Bank, Mr Tony Okpanachi said; “I am particularly excited by the depth and quality that both appointees are bringing to the Board and ultimately, the institution.
“Together, they bring a combined reservoir of knowledge and expertise in the financial services sector that will add immense value to the Bank and significantly contribute to the Bank’s development impact.”
Newly appointed Executive Director, Mrs Ijeoma Ozulumba once served as Financial Controller at Continental Trust Bank Ltd (now part of UBA Plc) and MBC International Bank Ltd (now part of First Bank).
Also, she was Chief Financial Officer at FinBank Plc and Basel Risk Consultant and Finance Manager at Bank of Montreal and Scotia Bank, both in Toronto, Canada. Mrs Ozulumba also managed corporate budgeting and management reporting for Seplat Petroleum Development Company Plc, the largest independent E&P company in Nigeria.
A graduate of the University of Benin, Nigeria, and an alumnus of the Lagos Business School, Ozulumba is a fellow of the Institute of Chartered Accountants of Nigeria and a Certified Professional Accountant of Canada.
She holds an MBA in International Business from Royal Holloway, University of London, and is a Project Management Professional. Until her appointment, she was the Chief Financial Officer at the Development Bank of Nigeria.
On his part, newly appointed Independent Non-Executive Director, Mr Abba Kyari, is the Managing Director/Co-Founder of Trans Sahara Investment Corporation, a Private Equity firm based in Lagos, Nigeria.
He had an outstanding career in Engineering and Technology serving as the former Managing Director/CEO at Central Securities Clearing System Plc, Lagos and ValuCard Nigeria (Unified Payments Ltd), Lagos, respectively. He has also served as an Executive Director in charge of Information Technology at FSB International Bank Plc.
Before joining FSB International Bank Plc, he served in various roles as Manufacturing Development Engineer,Marketing Program Manager, Senior IT Consultant, and as Manager in various sectors of the Hewlett Packard Corporation in the United States of America.
Kyari Bukar was the former Chairman of the Board of Directors of the Nigerian Economic Summit Group (NESG) and currently serves on several other Boards. He holds a bachelor’s degree in Physics from Ahmadu Bello University Zaria, Nigeria, and a master’s degree in Nuclear Engineering from Oregon State University, Corvallis, Oregon, USA.
