Salisu Na’inna, Director, Information from the Ministry of Finance, revealed this in a statement on Thursday, March 30.
Okpanachi will be supported by the Chief Financial Officer, Mrs. Ijeoma Ozulumba and Chief Risk Officer, Mr. Olu Adegbola.
Recall that the Development Bank of Nigeria on Thursday secured its license from the Central Bank of Nigeria (CBN) to operate in Nigeria.
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According to Minister of Finance, Kemi Adeosun, the DBN is a Wholesale Development Finance Institution owned by the Ministry of Finance and the approval was sequel to “meeting the minimum capital requirement of N100 billion and the reconstitution of the Board of the Bank and reviewing its organogram.”
The World Bank (WB), KfW (German Development Bank), the African Development Bank (AfDB) and the Agence Française de Development (French Development Agency) had jointly provided the DBN the sum of US$1.3bn (N396.5 billion) to aid the bank takeoff operations.