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Former CBN Governor, Sanusi appointed KADIPA board member

His Highness, Muhammadu Sanusi II, has been appointed into the board of the Kaduna State Investment Promotion Agency (KADIPA). 



Former CBN Governor, Sanusi appointed KADIPA board member, Breaking: Federal High Court orders release of Sanusi from confinement

Within forty-eight hours of his dethronement as Emir of Kano, Muhammadu Sanusi II, has been appointed into the board of the Kaduna State Investment Promotion Agency (KADIPA).

A statement from Sir Kashim Ibrahim House announced that Kaduna State governor, Malam Nasir El-Rufai had approved the reconstitution of the board of KADIPA, with the former CBN boss as Vice Chairman.

FG says proposed borrowed N2 trillion pension fund would come via bonds 

“Malam Nasir El-Rufai has appointed His Highness, Muhammad Sanusi II into the board of KADIPA. The appointment is part of the reconstitution of the board of KADIPA, which is statutorily chaired by the Deputy Governor and has as internal members senior officials of the Kaduna State Government.

“Governor El-Rufai said that Kaduna State hopes to benefit from the profile, experience, intellect and networks of His Highness, Muhammad Sanusi, who before becoming Emir, had built a solid reputation in global financial circles. Malam Nasir El-Rufai said that Kaduna State is honoured to be able to call on the services of a man of such calibre to drive its development.” 

[READ MORE: Former CBN Governor, Sanusi dethroned as Emir of Kano

The Governor expressed his confidence that the new board, which includes the most senior officers of the state, would further propel KADIPA to greater success in attracting investments to Kaduna State, adding that the external members had been carefully chosen to further reinforce the investment credentials of the state.

The new board of KADIPA has the deputy governor, Her Excellency, Dr Hadiza Balarabe as Chairman, and His Highness, Muhammadu Sanusi II as Vice-Chairman.

Other members of the committee include Balarabe Abbas Lawal, Secretary to the State Government;

  • Bariatu Y. Mohammed, Head of Service;
  • Jimi Lawal, Senior Adviser-Counsellor;
  • Aisha Dikko, Attorney-General of Kaduna State;
  • Idris Nyam, Commissioner, Business, Innovation & Technology;
  • Fausat Ibikunle, Commissioner, Housing & Urban Development;
  • Thomas Gyang, Commissioner, Planning & Budget Commission;
  • Farida Dankaka, KACCIMA;
  • Amal Hassan, Private Sector;
  • Hafiz Bayero, MD, Kaduna Markets Development Company;
  • Altine Jibrin, Director-General, KADGIS; and
  • Umma Aboki, Executive Secretary, KADIPA.

“Malam Nasir El-Rufai has expressed his gratitude to members of the reconstituted board of KADIPA for agreeing to serve,” the statement said.

READ MORE: El-Rufai: How Vodafone recorded its ‘biggest’ investment mistake in Nigeria

The Kaduna State Investment Promotion Agency (KADIPA) is a one-stop investment centre for business and investments that facilitates facilitate investment in the state by coordinating the activities of all MDAs in the business environment.

Established in 2015, KADIPA has led the investment drive of the state and anchored implementation of the Ease of Doing Business Charter that earned Kaduna State World Bank recognition as the Number One place for doing business in Nigeria.

bitcoin train

With this new appointment, the finance guru appears to be set for a historical comeback from the throne into the finance sector.


Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career.As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

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Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.



Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Nairametrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.

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Africa Prudential announces appointment of Zubaida Rasheed as Director

Zubaida Rasheed has been appointed as an Independent Non-Executive Director by Africa Prudential Plc.



African Prudential could be worth more than N4.55

The Board of Africa Prudential Plc has ratified the appointment of Mrs. Zubaida Mahey Rasheed as an Independent Non-Executive Director, effective February 24, 2021, subject to regulatory approval from the Securities and Exchange Commission.

This is according to a notification signed by the Company’s secretary, Joseph Jibunoh, and made available to the Nigerian Stock Exchange.

Given her profile and wealth of experience, the Board strongly believes that the appointment will strengthen the company by consolidating its digital transformation drive and ensuring its smooth transition from its core registrar business to providing digital solutions and technological services.

About Zubaida Mahey Rasheed 

Mrs. Zubaida is a distinguished technocrat with over forty years’ experience in the public and private sectors. A sizeable number of the aforementioned years were spent in NITEL Plc, where she served for 23 years, rising to the position of Executive Director.

Mrs. Zubaida is currently the Deputy Coordinator of Technical Working Group (TWG) for the preparation of Medium-Term National Development Plan (MTNDP) 2021-2025 & Nigeria Agenda 2050 (Business Environment, Trade, Competitiveness, and Product Space Mapping).

She is an alumna of Ahmadu Bello University (ABU), having obtained a BSC degree in Economics in the aforementioned institution. She holds professional membership in the Nigerian Institute of Management and National Institute of Marketing, Nigeria.

What you should know

  • Africa Prudential Plc had earlier declared a dividend of 50 kobo each, totaling N1 billion for its shareholders.
  • Africa Prudential Plc formerly known as UBA Registrars Ltd was incorporated as a private limited liability company on 23rd March 2006 to take over the registrar services formally operated as a department by its former parent – UBA Global Market Limited.
  • The company was listed on the Nigerian Stock Exchange on the 17th of January, 2013. It currently manages over 80 corporate clients in both the public and private sectors.

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