President Tinubu appoints new board for MOFI

President Bola Ahmed Tinubu has approved the appointment of a new board for the Ministry of Finance Incorporated (MOFI) while also reappointing Dr. Armstrong Ume Takang as CEO/Managing Director of MOFI.

MOFI was incorporated under the provisions of Sections 2 and 3 of the Ministry of Finance Incorporated (MOFI) Act of 1959 as an asset holding company under the Federal Ministry of Finance. It is the sole manager of all federal government investment interests, estates, easement and rights.

According to a statement by Presidential spokesman, Ajuri Ngelale on Friday, they are Shamsudeen Usman — Board Chairman, Armstrong Ume Takang — CEO/Managing Director, Tajudeen Datti Ahmed — Executive Director, Portfolio Management, Femi Ogunseinde — Executive Director, Investment Management, Oluwakemi Owonubi — Executive Director, Risk, Fatima Nana Mede — Non-Executive Director.

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

Ngelale said President Tinubu places 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 the trust of the Nigerian people.