Sunday, 20 September 2015

WORLD BANK APPOINTS ANOTHER NIGERIAN



It is not uncommon to find Nigerian women prospering in all spheres of life: From, business to banking, to agriculture and even politics.



A Havard alumnus. Arunma Oteh graduated from University of Nsukka with a first class honors degree in Computer Science. She later went ahead to obtain her Masters Degree in Business Administration from Havard University.



An Abian by birth, Oteh was recently made a Vice President and Treasurer of the World Bank by the World Bank President Jim Yong Kim. A position she will fully resume September 28, 2015. 



In her new role at the World Bank, Ms. Oteh will manage and lead a large and diverse team responsible for managing more than $150 billion in assets.

Before now, Arunma Oteh served as the Director General of the Securities and Exchange Commission (SEC) in Nigeria from January 2010 to July 2015. Here, she was known for her toughness in reeding the SEC of identified market abuse. Due to her tenacity in bringing the culprits to book, she was removed a few months after she was appointed but was called back two years later.


She had worked with the Harvard Institute for International Development and Centre Point Investments Limited of Nigeria in corporate finance, consulting, teaching and research. And in 1992, she joined the African Development Bank (AfDB) where she served as a Senior Investment Officer/Senior Capital Markets Officer from 1993 to 1997, then Division Manager Investments and Trading Room from 1997 to 2001. She was late appointed the Bank's Group Treasurer responsible for fund raising and investments in major international capital markets. By March 2006, she got appointed as the Vice-President for Corporate Management at the African Development Bank (ADB).




Some of Ms Oteh’s achievements and recognition are;


  • Officer of the Order of the Niger (OON) 
  • Co-edited the book, ‘African Voices African Visions’. 
  • Serves as a Member of Advisory Board at Africa investor Ltd.
  •  Serves as a Non-Executive Director of AMCON, Inc.
  •  member of the Board of the International Organization of Securities Commissions (IOSCO)
  •  Chairperson of the Africa Middle East Regional Committee of IOSCO.
  •  "Distinction In Public Service" award from the Commonwealth Business Council/African Business.







CREDIT: en.wikipedia.org, allafrica.com, bbc.com, devex.com, , worldbank.org, bloomberg.com, mynewswatchtimesng.com

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