Accion Microfinance Bank shareholders appoint new directors
The Shareholders of Accion Microfinance Bank Limited (AMfB), Nigeria’s leading national microfinance Bank, at the last AGM held in May 26, 2017 approved the appointments of four additional directors to the Bank’s Board.
According to the Bank’s Chairman, Patrick Akinwuntan, “the new directors were appointed not only to further strengthen the governance structure of the Bank but also to enhance AMfB’s capacity to deliver the shareholders strategic objective of an efficient microfinance institution that contributes to Nigeria’s growth and development through enabling financial inclusion and empowerment in a strong socially responsible manner”.
The directors include Adenike Laoye who represents Ecobank Nigeria Plc on the board, Prince Olumide Obayomi appointed as an independent director, Christian Ruehmer represents Accion Investments on the Board, and Prateek Shrivastava, who also represents Accion Investments on the board.
Laoye is a graduate of the Lagos State University, and was called to the Bar in 1991, after which she joined the chambers of Fani-Kayode (SAN) and Sowemimo (SAN). She joined Ecobank Nigeria in 1992 and presently is the company secretary / Chief Legal Counsel responsible for (amongst other things); the management of the entire legal risk function sin the Bank and ensuring compliance with all governance requirements. With 25 years post call in-house counsel experience, she is very knowledgeable in documentation for transactions and processes and possesses excellent negotiation skills. An honorary member of the Chartered Institute of Bankers of Nigeria, she is married with children.
Obayomi is a Corporate Value Optimization Consultant and a farmer. He retired into private practice and agriculture after over 30 years post degree chequered professional career in the public sector, commercial and corporate banking and more than 17 years of private equity investment with African Capital Alliance (ACA). He had responsibility for managing Nigeria’s best performed independently managed SME Fund in his last years in ACA. He is a Fellow of the Institute of Chartered Accountants of Nigeria, an Associate of the Chartered Institute of Taxation of Nigeria and the Nigerian Institute of Management. Obayomi serves as a director on the Board of a number of public and private companies in the transportation, oil and gas, media, hospitality and agriculture sectors.
Ruehmer is an expert in the area of Risk Management and Treasury for financial institutions in developing countries and a Senior Risk Manager and Banker with over 25 years of international experience. He has 15 years of in-depth international experience in the implementation and improvement of risk management frameworks with over 70 financial institutions and international organizations.
Shrivastava is Vice President, Digital Solutions, within the Global Advisory Solutions group at Accion, a global nonprofit and financial inclusion pioneer. He is responsible for supporting Accion’s partners – microfinance institutions, banks and fintech companies – worldwide in their use of digital services to become more efficient and enhance customer service in a cost-effective and sustainable manner. During his time between 2009 and 2012 as Managing Director for Emerging Markets at Monitise plc, Shrivastava’ s project in Nigeria was one of the subjects of a visit to Nigeria by David Cameron, former Prime Minister of the UK. He also co-founded the shared agent network BeyondBranches Nigeria, now part of the Interswitch Group. Shrivastava has worked with the IFC, World Bank, USAID, Reliance and many other organisations around the world, promoting technology-enabled financial inclusion.
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