Okonjo-Iweala gets appointment as adviser to Asian investment bank

For her critical role in directing the economy of Nigeria for close to eight years, former Minister of Finance, Mrs.Ngozi Okonjo-Iweala, has been appointed a member of the international advisory panel of the Asian Infrastructure Investment Bank (AIIB).

The AIIB is a multilateral international development bank set up in 2015, with an initial capital of $100bn, one million shares and an initial paid-up capital of $20bn.

It was leant that the bank had been in search of Okonjo-Iweala since her leaving office after the Goodluck Jonathan’s administration in May 2015.

She was said to have told officials of the bank, who met with her severally in London that she was still watching the direction of Buhari’s government following moves to institute probe of his predecessor, in which Okonjo-Iweala played vital role as the coordinating minster.

But Mr. Song Libyan, AIIB Senior Communication Officer, in a statement on Friday, said she would join 10 other key persons on the panel as advisors.

“The Panel provides impartial, objective and independent advice to the President, allowing the Bank to benefit from the international experience and expertise of panel members, he said.

Jin said. The panel members are former Bank Negara Malaysia governor Dr Zeti Aziz, former Pakistan Prime Minister Shaukat Aziz, and former Swedish finance minister Anders Borg.

He further quoted AIIB President, Jin Liqun, as saying that the panel members would advise the bank on the development of its strategy.

Others members of the board include former Timor-Leste finance minister Emilia Pires, former World Bank chief economist Nicholas Stern and former Japanese Prime Minister Yukio Hatoyama, Global Foundation secretary-general Steve Howard.

By Emma Eke….

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