Buhari Appoints New Management For NEXIM Bank
Muhammadu Buhari: President appoints new management for NEXIM Bank[/caption]
President Muhammadu Buhari has approved the appointment of Abubakar Abba Bello as the new Managing Director and Chief Executive of the Nigeria Export-Import Bank (NEXIM).
In a statement signed by Bolaji Adebiyi, Director of Press, Office of the Secretary to the Government of the Federation, on Thursday, the President further appointed Dr. Bala Mohammed Bello as Executive Director, Corporate Services and Stella Okotete as Executive Director, Business Development.
Mr. Adebiyi stated that their “appointments are with immediate effect”.
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With a vision to be the leading African Export Development bank, theNigerian Export-Import Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with a share capital of N50, 000,000,000 (Fifty Billion Naira) held equally by the Federal Ministry of Finance Incorporated and the Central Bank of Nigeria.
The Bank presently provides short and medium term loans to Nigerian exporters. It also provides short term guarantees for loans granted by Nigerian Banks to exporters as well as credit insurance against political and commercial risks in the event of non-payment by foreign buyers. The Bank is also the government’s National Guarantor under the ECOWAS Inter-state Road Transit programme.
The Presidency further confirmed the appointments via its official Twitter handle.
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1. President @MBuhari has approved the following Management appointments for the #Nigeria Export-Import Bank (#NEXIM).
—Presidency Nigeria (@NGRPresident) April 20, 2017
.@MBuhari 2.
Abubakar Abba Bello – Managing Director
Dr. Bala Mohammed Bello – ED, Corporate Services
Stella Okotete – ED, Business Development#NEXIM—Presidency Nigeria (@NGRPresident) April 20, 2017
.@MBuhari 3. The appointments are with immediate effect.
— Presidency Nigeria (@NGRPresident) April20, 2017
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