The president of the Federal Republic of Nigeria Muhammadu Buhari maintains the
approved constitution of the board and executive management team of the newly restructured Ministry of Finance Incorporated (MOFI), the board will help drive the government’s objectives and execute its expected mandate.
The new board is to be chaired by Dr. Shamsudeen Usman, while the new Chief Executive Officer (CEO), who will lead the new executive management team is Dr. Armstrong Katang.
This is coming almost 3 months after the Federal Government announced the commencement of the process of restructuring the MOFI, the investment vehicle of the Federal Government with over N30 trillion in assets size, some of which are non-performing.
The announcement was included in a statement issued by the Special Adviser to the Minister of Finance, Budget and National Planning on Media and Communications, Yunusa Tanko Abdullahi.