Tinubu Appoints 10 Prominent Nigerians to MOFI Board


President Tinubu Appoints Dynamic Team to MOFI Board for Enhanced Financial Governance

has given his approval for the appointment of 10 distinguished Nigerians to serve on the Board of Directors of the Ministry of Finance Incorporated (MOFI). This move is a significant step towards strengthening financial governance.

According to a statement released by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the Board will be chaired by Dr. Shamsudeen Usman, with Dr. Armstrong Ume Takang taking on the role of CEO/Managing Director.


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The appointed members include:

  • Mr. Tajudeen Datti Ahmed (Executive Director, Portfolio Management)
  • Mr. Femi Ogunseinde (Executive Director, Investment Management)
  • Mrs. Oluwakemi Owonubi (Executive Director, Risk)
  • Mrs. Fatima Nana Mede
  • Mr. Ike Chioke
  • Ms. Chantelle Abdul
  • Mr. Alheri Nyako
  • Mr. Bolaji Rafiu Elelu (Non-Executive Directors)

President Tinubu’s emphasis on accurate and purposeful performance assessment for both commercial and non-commercial -owned enterprises is evident in these appointments. Driven by the goal of consistent attainment of the highest returns on investments made in trust of the Nigerian people, President Tinubu expects nothing less than the highest level of results-driven performance from the highly experienced and qualified MOFI Board and Management team.


This strategic move aligns with President Tinubu’s commitment to fostering effective financial management and ensuring optimal outcomes for government investments.

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