The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) comprising the fifteen Ministers of Finance from the Economic Community of West African States (ECOWAS), has renewed the tenure of the President of the Bank, His Excellency Bashir Mamman IFO, for another term of four years.
This decision taken during its 13th ordinary session held in Bamako, Republic of Mali, on June 15 2015.
EBID is the financial arm of the Economic Community of West African States comprising fifteen countries namely: Benin, Burkina Faso, Cape Verde, la cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.
IFO is a seasoned banker and administrator with more than 31 years of professional experience in the public and private sectors.
He holds a Masters degree in Business Administration (MBA) in Finance and a Bachelors degree in Business Administration and Finance from the Ahmadu Bello University, Zaria, Nigeria.
He joined the institution in 1995 and has held several senior Management positions including that of Head of Financial Operations Division and Director of Treasury in the erswhile ECOWAS Fund for Cooperation,Compensation and Development (ECOWAS Fund) which was transformed into the ECOWAS Bank for Investment and Development (EBID) in order to extend the services of the Bank to the private sector.
The transformation produced two subsidiaries for EBID that is, the esrtwhile ECOWAS Regional Investment Fund (ERDF) and ECOWAS Regional Investment Bank (ERIB) where IFO served as Head of Finance and Administration and later, Acting Managing Director.
IFO was appointed President of EBID on 11 October 201 after serving as Vice-President, Finance and Corporate Services 2007.
He was awarded the Grand Officer of the National Order of Benin by the Republic of Benin in January 2014.
The Bank intervenes in various sectors of activity within …Read More
Source:: New Mail