Coronation Capital, an African private equity firm founded by Aigboje Aig-Imoukhuede and operating to the highest standards of investment management, has hosted its inaugural investment committee meeting. The committee is made up of three internal directors and two external advisors. They are AigbojeAig-Imoukhuede (Founder and Chairman), Charles Ogunwuyi (Chief Operating Officer), Ahovi G. Kponou (Chief Investment Officer), Ernest Ebi (external advisor, and former Deputy Governor of the Central Bank of Nigeria) and Arthur Arnold (external advisor and former CEO of FMO, the Dutch Development Finance Institution).
Established as a specialist investment firm for Africa, in Africa, to leverage the power of capital for long term development in Nigeria and sub-Saharan Africa, and led by proven entrepreneur AigbojeAig-Imoukhuede, Coronation Capital focuses on making long term and sustainable investments in the financial services, digital technology, oil and gas and real estate sectors of the economy.
The investment committee reviews and advises Coronation Capital on the investment decisions that it makes and helps to instill high standards of corporate governance and best practice.
Speaking about the role of the advisory panel, Aigboje Aig-Imoukhuede, Chairman of Coronation Capital said:“I am a committed adherent to high standards of corporate governance and best practice. With these two basic principles in place, and a healthy dose of patience, we can build sustainable investment strategy that delivers a return for all. I’m particularly happy to be introducing the investment committee today, as not only is it a key pillar in our corporate structure, but the credibility and experience of its members and the vital role the independent members play are a manifestation of our core values.
“I would like to thank all the members, and in particular Arthur Arnold and Ernest Ebi, for agreeing to participate, and look forward to working with them.
“Nigeria is at a defining moment as it deals with a series of external and internal challenges, while gradually trying to transition into a middle-income economy. Coronation Capital will leverage our experience to invest across the specific sectors of the Nigerian economy that we believe have the potential to grow exponentially over the coming years.
“ We believe in the power of capital to act as a significant catalyst for long term economic growth and the creation of social value and we are committed to investing for the long term.”
Coronation Capital holds an existing portfolio of investments in Nigeria, including WAPIC Insurance Plc, Coronation Merchant Bank, Petralon and is actively seeking further investments in its focus segments.
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