Thursday 20th April 2017

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Access Bank Appoints Roosevelt Ogbonna as Group Deputy Managing Director Access Bank Plc has announced the appointment of Mr. Roosevelt Michael Ogbonna as Group Deputy Managing Director. He replaces Mr. Obinna Nwosu who recently resigned his appointment to pursue other personal endeavours.

The new group deputy managing director began his illustrious banking career as an investment banker 20 years ago. Over the years, he worked across the Treasury, Risk Management, Commercial and Corporate Banking functions at leading

financial institutions. He joined Access Bank in 2002, implementing strategies across different divisions that increased the bank’s market share and more than doubled the group’s balance sheet. Ogbonna had served as Divisional Head, Commercial

Banking and subsequently rose to the position of Executive Director, Commercial Banking, Access Bank, a position he held since October 2013. In that capacity, he oversaw firm-wide banking operations and formulated strategies to optimize the bank’s robust

commercial business. Ogbonna holds a BSc. in Banking & Finance (Second Class Upper Division) from the University of Nigeria, Nsukka, and is a Fellow of the Institute of Chartered Continued on page 9

FG Begins Fresh Manhunt for Absconded Failed Banks’ Chiefs... Page 9

Ogbonna

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IMF Endorses Nigeria’s Economic Recovery Plan Says it's step in right direction Obinna Chima, Funke Olaode and Kasie Abone in Washington DC The International Monetary Fund (IMF) yesterday endorsed the Economic Recovery Growth Plan (ERGP)

2017- 2020, launched recently by the federal government applauding it as "how fiscal policy should be thought in developing countries." The Fund’s Director, Fiscal Affairs Department, Mr. Vitor Gaspar, conveyed its position

on the plan while responding to a question from THISDAY, during a media briefing on the IMF Fiscal Monitor press conference at the ongoing IMF/World Bank Spring meetings in Washington DC. The IMF official said he had

the privilege of visiting Nigeria some months ago and was very happy to understand that for the Nigerian government, fiscal policies in general and tax policy in particular were part of the strategy for development.

Also, IMF's Assistant Director/Head, Fiscal Policy and Surveillance, Catherine Pattillo, welcomed the country's ERGP, saying its focus on diversification and attention to some of the problems facing the

economy were steps in the right direction. According to Pattillo: "We very much welcome the ERGP. As you are aware, Nigeria went into recession last year, Continued on page 10

Buhari Resets Anti-Corruption War, Suspends SGF, NIA Boss Osinbajo heads committee to investigate Ikoyi billions Senate committee hails presidential action Iyobosa Uwugiaren, Omololu Ogunmade, Chineme Okafor and Damilola Oyedele in Abuja, John Shiklam in Kaduna and Victor Ogunje in Ado-Ekiti President Muhammadu Buhari yesterday took a stagy step to manage the damaging image problems created for his anti-corruption crusade by

suspending the Secretary to the Government of the Federation (SGF), Mr. Babachir Lawal, and the Director-General of the National Intelligence Agency (NIA), Ambassador Ayo Oke. The two senior officials of the government are to be investigated by a three-man committee headed by Vice Continued on page 9

APC Governors, NWC Meet Today ROYAL VISIT of Kano, Alhaji Muhammadu Sanusi II (left), during his visit to the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi Ojaja II, in Ile-Ife, Over Conflict, Poor Funding... Page 10 Emir Osun State ... yesterday


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