The appointment, according to the media aide of the president, Mr. Ajuri Ngelale, was to further expedite the process of expanding consumer credit access to Nigerians.

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Those appointed are:

(1) Otunba Aderemi Abdul – Board Chairman (Independent Non-Executive Director)

(2) Engr. Uzoma Nwagba – Managing Director/Chief Executive Officer

(3) Mrs. Aisha Abdullahi – Executive Director (Credit, Risk & Portfolio)/CRO

(4) Ms. Olanike Kolawole – Executive Director (Operations)/COO

(5) Dr. Armstrong Ume Takang – Non-Executive Director (MOFI Nominee)

(6) Dr. Peter Iwegbu – Non-Executive Director (NIMC Nominee)

(7) Mr. Mohammed Nasiru Abbas – Non-Executive Director (FMITI Nominee)

(8) Mr. Marvin Nadah – Non-Executive Director (FCCPC Nominee)

(9) FMF Representative – Non-Executive Director (FMF)

Ngelale said the president expected the new members of the board to bring their vast experience, competence, and dedication to bear in their functions to achieve CREDICORP’s mandate of accelerating access to consumer credit to millions of Nigerians.

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The appointment is said to be in the president keeping with his dedicated efforts to ensure financial inclusion and economic prosperity for the majority of Nigerians,

Nwagba, 36, holds a Master’s of Business Administration from the Harvard Business School and a first-class Bachelor’s of Engineering from Howard University, Washington DC.

Prior to his appointment, Nwagba served as Chief Operating Officer of the Bank of Industry, in charge of driving micro-credit and other financial interventions at the institution.

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He had also served as Senior Investment Associate, specialising in financial services (banking, insurance, pensions) at the African Capital Alliance.

Nwagba was a Software Engineer at Microsoft, where he led multiple teams charged with building enterprise and mobile software for emerging markets (Brazil, Russia, India, China, South Africa, and Nigeria), before his transition to finance.

According to the president’s media aide, Mr. Ajuri Ngelale, more information about this landmark initiative of President Bola Tinubu’s administration can be found on: www.credicorp.ng

He said the president expected the new Chief Executive Officer of the critical agency to bring to bear his wealth of experience in finance and technology, as well as his record in driving financial interventions across Nigeria in the new role in order to expand access to credit to all classes of Nigerian citizens, while promoting financial inclusion, and enhancing the quality of life of the Nigerian people as they accessed the tangibles of prosperity.

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Uzoma Nwagba, chief operating officer of the Government Enterprise Empowerment Programme, GEEP, said in a commendation letter to the governor that he was glad that AbdulRazaq followed through on the programme — barely one year after he visited the headquarters of GEEP in Abuja.

GEEP, which comprises MarketMoni, TraderMoni, FarmerMoni, is a component of President Muhammadu Buhari’s National Social Investment Programme, NSIP, that seeks to empower small businesses and lift as many people as possible out of poverty line.

Nwagba said Kwara’s version of the programme had also turned out to be a huge success with at least 21,623 petty traders getting interest-loan to upscale their businesses and thousands more to benefit from its Owo Arugbo — a part of the social programme that targets vulnerable, old people.

He specifically commended “the excellent work you are doing with your own programme (Owo Isowo, Owo Arugbo, etc).”

He said: “I am really excited to see that you carried on that vision, and it is working in Kwara. You even made improvements (e.g. mandatory BVN, etc) over and above ours.

“The commencement of the programme made me very happy, Your Excellency, especially the replication of the clear process and transparency (of the scheme).

“Because Kwara has built a ready platform and project infrastructure locally, you are ready for the World Bank CARES project.”

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