• Friday, April 19, 2024
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DBN appoints Ozulumba executive director

Development Bank of Nigeria (DBN)

The Development Bank of Nigeria (DBN), Nigeria’s primary wholesale development finance institution has announced the appointment of Ijeoma Ozulumba as its new Executive Director.

Also appointed is Kyari Abba Kyari who is now an Independent Non-Executive Director on the board of the Bank.

Chairman of the Board of Directors, Shehu Yahaya who made the announcement noted that the appointments would further strengthen DBN’s vision to provide adequate and sustainable financing to Micro, Small, and Medium Enterprises across the country.

“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,” Yahaya, stated.

He maintained that the organization, would continually uphold the highest standards of corporate governance , which have kept the Bank on a steady trajectory of progress.

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). 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.

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, she 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. She was until her appointment the Chief Financial Officer at the Development Bank of Nigeria.

Kyari Abba Kyari, newly appointed Independent Non-Executive Director, 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.

Also, the Managing Director of the Bank, Tony Okpanachi stated that “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,” he added.