In a disclosure filed with the Trade on Tuesday, C&I Leasing Plc introduced the retirement of its Group Managing Director and CEO, Mr. Andrew Otike-Obidi efficient from thirty first December 2021.

The corporate, by means of the discover signed by the corporate secretary, Mbanugo Udenze & Co, notified the shareholders and investing public of the change in administration.

Following the resignation of the MD/CEO, the corporate appointed Mr. Ugoji Lenin Ugoji, who before now was the corporate’s Chief Working Officer, to succeed the outgoing Managing Director. Mr. Ugoji’s appointment as Group Managing Director/CEO takes impact from January 1st, 2022.

Different appointees embody Mr. Alexander Mbakogu and Mr. Okechukwu Nnake, each appointed as Chief Working Officer/Group Deputy Managing Director and Chief Finance Officer, respectively. All appointments are efficient January 1st, 2022.

In regards to the new Group Managing Director/CEO

Ugoji holds a Bachelors’ Diploma in Property Administration from the College of Lagos, and an MBA in Banking & Finance from the ESUT Enterprise College, Enugu. He’s additionally a Chartered Pension skilled, and an affiliate of the Licensed Pension Institute of Nigeria.

In response to the discover, Ugoji joins C&I Leasing with over 20 years expertise in Industrial/Funding Banking, Leasing, and Asset Administration. His final task was with The Mellanby Belief Firm, a Commodity centered Asset Administration Firm registered with the Securities & Trade Fee (SEC), the place he was a founding Director and the Chief Funding Officer accountable for directing the corporate’s Funding Portfolio construction for functions of its company and particular person purchasers.

Ugoji’s in depth expertise within the Leasing Trade commenced in 2005 as a Pioneer member of the Aquila Capital Group the place he served because the pioneer Group Head Treasury & Wealth Administration. He was accountable for creating the Group’s, Tools Leasing centered Funding and Funding construction, which was focused at attracting Capital from Non-public Fairness, Overseas Improvement Monetary Establishments and Native sources.

From 2010 to 2015, he served because the pioneer Managing Director for ‘Aquila Asset Administration Ltd’, a Administration Purchase-Out agency from the Aquila Group. Previous to his time on the Aquila Group, Ugoji labored at Continental Belief Financial institution (now UBA) and NAL Financial institution Plc (now Sterling Financial institution) within the Treasury, Worldwide Operations and Home operations teams respectively.

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