President Muhammadu Buhari has approved the appointment of the Board members of the Nigeria Sovereign Investment Authority (NSIA).
In a statement by Special Adviser to Finance Minister on Media and Communications on Wednesday, Yunusa Tanko Abdullahi said the appointment was necessitated following vacancies created in the NSIA Board.
The new appointees are Farouk Mohammed Gumel (North West) as Non-Executive Chairman; Sir Babatunde E. Sobamowo (South West), Non-Executive Director; Isiekwena Ikemefuna Louis (South-South) as Non-Executive Director; Ali Goni Kadugum (North East), Non-Executive Director; Oniyangi Kabir Sulaiman (North Central), Non-Executive Director; and Ike Chioke (South East), Non-Executive.
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The approval is upon the expiration of the tenor of the Board members of the NSIA and the subsequent constitution of the Executive Nomination Committee for the nomination of the Board members.
According to the statement, it is “also in the light of the fact that the tenure of the non-Executive chairman and other Board members which commenced after the inauguration of the Board, for a 4-year term on the 12th of May, 2017 has lapsed on 11th of May, 2021”.
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