Ozulumba, Abba Kyari Join DBN Board As Executive Director, Non-Executive Director

The Development Bank of Nigeria (DBN), has announced the appointments of Mrs. Ijeoma Ozulumba as Executive Director and Mr. Kyari Abba Kyari as Independent Non-Executive Director on the board of the Bank.

The Chairman of the Board of Directors, Dr. Shehu Yahaya who made the announcement recently noted that the appointments of Ozulumba and Kyari would further strengthen DBN’s vision to  provide adequate and sustainable financing to Micro, Small, and Medium Enterprises across the country.

According to Yahaya, the institution would continually uphold the highest standards of  corporate governance, which have kept the Bank on a steady trajectory of progress.

He said, “We are thrilled to have Ijeoma and Kyari join the Board and we look forward to them applying their knowledge, experience, and expertise in helping to deliver DBN’s core mandate as Nigeria’s primary wholesale development finance institution, providing sustainable financing to MSMEs across the nation. 

Also, the Managing Director of the Bank, Mr. Tony Okpanachi expressed his delight at having the new appointees on the board of the organization.

“I am particularly excited by the depth and quality that both appointees are bringing to the Board and ultimately, the institution. Together, they bring a combined reservoir of knowledge and expertise in the financial services sector that will add immense value to the Bank and significantly contribute to the Bank’s development impact.” he said.  

Newly appointed Executive Director, Mrs. Ijeoma Ozulumba once served as Financial Controller at Continental Trust Bank Ltd (Now part of UBA Plc) and MBC International Bank Ltd (Now part of First Bank). She was also at one time, Chief Financial Officer at FinBank Plc and Basel Risk Consultant and Finance Manager at Bank of Montreal and Scotia Bank, both in Toronto, Canada. Mrs. Ozulumba also managed corporate budgeting and management reporting for Seplat Petroleum Development Company Plc, the largest independent E&P company in Nigeria.

Mr. Kyari Abba Kyari, is the Managing Director/Co-Founder of Trans Sahara Investment Corporation, a Private Equity firm based in Lagos, Nigeria. 

He had an outstanding career in Engineering and Technology serving as the former Managing Director/CEO at Central Securities Clearing System Plc, Lagos and ValuCard Nigeria (Unified Payments Ltd), Lagos, respectively. He has also served as an Executive Director in charge of Information Technology at FSB International Bank Plc.  

Kyari Bukar was the former Chairman of the Board of Directors of the Nigerian Economic Summit Group (NESG) and currently serves on several other Boards.
He holds a bachelor’s degree in Physics from Ahmadu Bello University Zaria, Nigeria, and a master’s degree in Nuclear Engineering from Oregon State University, Corvallis, Oregon, USA. 

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