Aigboje Aig-Imoukhuede Explained

Aigboje Aig-Imoukhuede
Honorific Suffix:CON
Birth Date:24 September 1966
Nationality:Nigerian
Alma Mater:University of Benin
Occupation:Banker, lawyer, philanthropist
Known For:Chairman, Aig-Imoukhuede Foundation;[1] [2] Founder, Coronation Group & Affiliates; Founder, Tengen Family Office;[3] Former General Managing Director and Chief Executive Officer, Access Bank [4]
Boards:Nigeria Solidarity Support Fund;[5] GBCHealth;[6] ABCHealth;[7] Private Sector Health Alliance of Nigeria (PSHAN); EnterpriseNGR;[8] Vice Chairman, Global Citizen Nigeria;[9]
Spouse:Ofovwe Aig-Imoukhuede [10]
Children:4 [11]

Aigboje Aig-Imoukhuede FCIB, (born 24 September 1966) is a Nigerian business mogul, banker, investor and philanthropist.[12] [13]

He was the former group managing director (GMD) and chief executive officer (CEO) of Access Bank Plc.[14] He is the founder and chairman of Coronation Group Limited[15] [16] and its affiliates, Coronation Asset Management Ltd and Trium Ltd. He founded Africa Initiative for Governance (AIG) in 2014.[17] [18] He is the co-chairman of the United Kingdom-Nigeria Capital Market Task Force and a board member of TCX Investment Management Company Netherlands. He is also chairman, board of trustees of the Financial Market Dealers Association, and immediate past chairman of Coronation Insurance Plc (formerly Wapic).[19] [20]

Aigboje is also a past President of The Nigerian Stock Exchange[21] (now Nigerian Exchange Group) where he took over from Aliko Dangote,[22] the founding Chairman of the FMDQ OTC Exchange,[23] Chairman of EnterpriseNGR[24] and co-founder of Tengen Family Office[25]

Early life and education

Aig-Imoukhuede was born on 24 September 1966 in Ibadan, Oyo State in Western Nigeria to parents who were in the civil service.[26] His father, Frank Aig-Imoukhuede and mother, Historian Emily Aig-Imoukhuede(née Ihonde)[27] had 3 other children, Erekpitan, Oluwakemi and Aigbovbioise. He hails from Sabongida-Ora, Edo State in Southern Nigeria.[28] [29] He lived with his family in Lagos but went to Federal Government College Kaduna, in Northern Nigeria.[30] He earlier attended St. Saviours School (primary) in Lagos and at aged 16, he enrolled to study law at University of Benin, Edo State, Nigeria.[31] He graduated with a LLB degree in 1986 at age 19 and was called to the Nigerian Bar in 1987.[32] [33] He holds a Trium MBA, awarded jointly by the London School of Economics, New York University, and HEC Paris.[34] [35] In 2000 he attended a three-month Executive Management Programme course at Harvard Business School.[36] [26] [37]

Career

He began working as a lawyer with Continental Merchant Bank during his NYSC year in 1988. Aigboje joined Guaranty Trust Bank Plc in December 1991 where he resigned as executive director in March 2002.[19] Aigboje Aig-Imoukhuede was the leader of the 2002 acquisition of Access Bank, then a fringe regional player. He was the group managing director and chief executive officer of the bank till December 2013.[38] He retired as president of the Nigerian Stock Exchange in 2017, but he remains on the National Council as an ex-officio.[20] He was a non-executive director of Africa Finance Corporation since 2008 until June 2, 2017.[39] He has been the chairman of Associated Discount House Limited since December 1, 2011.[40] He serves as a director of Petralon Energy[41] and retired as the chairman of Wapic Insurance Plc where he has been its director since November 2011.[42] Aig-Imoukhuede also served as board chairman and director of FMDQ OTC PLC until August 1, 2014.[43] He founded Coronation Capital Limited in 2015[44] and has led the growth and expansion of the Coronation Ecosystem.[45] In October 2021, Aigboje collaborated with the office of the Head of Nigerian Civil Service (OHCSF), led by Folashade Yemi-Esan to digitalize work processes and public service delivery.[46]

Achievements and awards

He was conferred with Commander of the Order of the Niger (CON) in 2011 by then President Goodluck Jonathan of the Federal Republic of Nigeria, for his contributions to the development of banking and finance. He was also awarded the National Productivity Order of Merit Award in 2009.[47] In 2011 he was inaugurated into the Ernst and Young World Entrepreneurs Hall of Fame as the Ernst & Young West Africa Entrepreneur of the Year,[48] as well as the African Banker Magazine's “African Banker of the Year” in 2013.[49] [50] He is a member of the American Academy of Arts and Sciences[51] and was appointed a member of the international advisory board of Oxford University's Blavatnik School of Government.[52] [53] He is a fellow of the African Leadership Institute affiliated with the Aspen Institute in Colorado, USA. He is also honorary fellow of the Chartered Institute of Bankers of Nigeria.In 2018, he was awarded the honorary Doctor of Science (D.Sc.) by the Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria.[54]

Philanthropy

He is the founder and chairman of the Aig-Imoukhuede Foundation, an independent non-profit that promotes good governance in Africa. The Foundation partners with Oxford University's Blavatnik School of Government, for scholarships that send qualified Africans to the Oxford for a Master of Public Policy degree and Fellowships for senior Public Servants.[55] The Africa Initiative for Governance (AIG) partnership will run for five years, from 2017/18 until 2021/22.[56]

Aig-Imoukhuede is the first African co-chairman of the Global Business Coalition on Health (GBC Health) and the chairman of Friends of the Global Fund – Africa (Friends Africa).[57] In 2010, he made a $1 million contribution to the Global Fund, and he has since made donations to the Global Fund through the 'Gift from Africa' campaign.

He is currently the chairman of ABCHealth, a regional non-profit established by the Aliko Dangote Foundation and GBCHealth. He is also a director of the Private Sector Health Alliance of Nigeria (PSHAN). In 2019, Aigboje initiated the Adopt-A-Healthcare-Facility Programme (ADHFP).[58]

He is also the vice chairman of Global Citizen Nigeria and through a partnership with the Nigeria Sovereign Investment Fund (NSIA), has created the Nigerian Solidarity Support Fund (NSSF).

Authorship

Aigboje is the author of Leaving the Tarmac: Buying a Bank in Africa (Red Door, 2020), a memoir that recounts how he and Herbert Wigwe bought Access Bank in 2002, one of the smallest and most crisis- prone banks in Nigeria, and built it into one of the biggest and strongest banks in the country.[59] [60] [61]

Personal life

Aigboje Aig-Imoukhuede is married to Ofovwe Aig-Imoukhuede, and together they have four children.[62]

Notes and References

  1. Web site: Who we are | AIG | Africa Initiative for Governance . 2021-11-17 . 2021-06-15 . https://web.archive.org/web/20210615102118/https://www.aigafrica.org/Who-we-are . dead .
  2. Web site: Partnership that works: Aig-Imoukhuede Foundation. 29 October 2021.
  3. Web site: Home . tengenfamilyoffice.com.
  4. Web site: Access Bank PLC | notfound .
  5. Web site: About Us. 13 June 2020 .
  6. Web site: Aigboje Aig-Imoukhuede, FCIB, CON | GBCHealth . 2021-11-15 . 2021-11-15 . https://web.archive.org/web/20211115114309/http://gbchealth.org/about/board/aigboje-aig-imoukhuede/ . dead .
  7. Web site: Adopt-a-Healthcare-Facility Programme (ADHFP): An interview with Aigboje Aig-Imoukhuede, Chairman, ABCHealth – Businessamlive .
  8. Web site: Osinbajo, Finance Minister, Aig-Imoukhuede Launch EnterpriseNGR. 15 October 2021.
  9. Web site: Global Citizen and the Nigeria Sovereign Investment Authority Launch the Nigeria Solidary Support Fund for Nigerians by Nigerians.
  10. Web site: Ofovwe speaks on 'new normal' public sector performance in Nig. 2 June 2021.
  11. Web site: Meet Aig-Imoukhuede, the lawyer-turned-banker who turned an unranked bank into a tier-1 bank. 25 June 2020.
  12. Web site: Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist - THISDAYLIVE .
  13. https://guardian.ng/guardian-woman/ofovwe-takes-charge-at-aig-imoukhuede-foundation/
  14. Web site: 18 October 2021. AccessBank Group Our History.
  15. Web site: 2016-12-07. Aigboje Aig-Imoukhuede: The Nigerian banker who refused to be left behind. 2021-10-20. CNBC Africa. en.
  16. News: Oyeyemi . Gbenga-Mustapha . Dangote, Aig-Imoukhuede seek African Union-Private sector collaboration on health . 24 December 2018 . The Nation Online . 9 February 2018.
  17. News: Africa Initiative for Governance picks four Nigerians, Ghanaian for scholarship . 24 December 2018 . Guardian Nigeria . 18 July 2018.
  18. Web site: Ajumobi. Kemi. 2021-10-29. Ofovwe Aig-Imoukhuede, Executive Vice-Chair, Aigboje Aig-Imoukhuede Foundation. 2021-11-15. Businessday NG. en-US.
  19. News: Samade . Alex . Aig-Imoukhuede: Why the subsidy cabal is fighting back . 24 December 2018 . Vanguard Nigeria . 2 January 2013.
  20. Web site: Aigboje Aig-Imoukhuede. www.nse.com.ng. 29 January 2019.
  21. Web site: 2021-03-31. NSE celebrates Aigboje Aig-Imoukhuede. 2021-10-20. Businessday NG. en-US.
  22. Web site: 2014-05-13. Aig is NSE president-in-waiting as Dangote steps down. 2021-10-20. TheCable. en-US.
  23. Web site: 2014-08-08. FMDQ Announces New Board Members. 2021-10-20. FMDQ Group. en-US.
  24. Web site: 2021-10-15. Osinbajo, Finance Minister, Aig-Imoukhuede Launch EnterpriseNGR. 2021-10-20. THISDAYLIVE. en-US.
  25. News: Aigboje Aig-Imoukhuede, investor, banker, Tengen co-founder, publishes book on Access Bank, launch of family philanthropic foundation. www.businessamlive.com. 20 October 2021.
  26. Web site: When We Started, All Hell Broke Loose. Peace. Hyde. 1 November 2016. forbesafrica.com. 29 January 2019.
  27. Web site: Welcome to Octogenerian Club -. 13 January 2015.
  28. Web site: 2020-06-25. Meet Aig-Imoukhuede, the lawyer-turned-banker who turned an unranked bank into a tier-1 bank. 2021-10-20. Nairametrics. en-US.
  29. Web site: 2019-12-14. Banking mogul, Aigboje Aig-Imhokhuede's huge plan revealed. 2021-10-20. The Sun Nigeria. en-US.
  30. Web site: The interview: Aigboje Aig-Imoukhuede on Change. 2021-10-18. The interview: Aigboje Aig-Imoukhuede on Change. en.
  31. Web site: 2016-12-07. Aigboje Aig-Imoukhuede: The Nigerian banker who refused to be left behind. 2021-10-18. CNBC Africa. en.
  32. News: 2012-06-12. Aigboje Aig-Imoukhuede: Entrepreneurs' courage is what sets them apart. Financial Times. 2021-10-18.
  33. Web site: 2019-09-28. Aigboje Aig-Imoukhuede Soldiers on at 53. 2021-10-18. THISDAYLIVE. en-US.
  34. Web site: Aigboje Aig-Imoukhuede. 2021-10-20. www.bsg.ox.ac.uk. en.
  35. Web site: Aigboje Aig-Imoukhuede. www.nse.com.ng. 21 February 2019.
  36. Web site: Stocks. Bloomberg News.
  37. Web site: NSE Appoints Mr. Aigboje Aig-Imoukhuede & Mr. Abimbola as first & second Vice-Presidents. NSE Appoints Mr. Aigboje Aig-Imoukhuede & Mr. Abimbola as first & second Vice-Presidents. 29 January 2019.
  38. Web site: Aigboje Aig-Imoukhuede: Entrepreneurs' courage is what sets them apart. 2021-11-15. amp.ft.com.
  39. Web site: Nairametrics. Official: Sarah Alade Named African Finance Corporation Chairman, Elumelu & Aig-Imoukhuede Also On The Board. 2021-11-15. Nairametrics. August 2014. en-US.
  40. Web site: 2015-05-13. Associated Discount House gets merchant banking licence. 2021-11-15. The Guardian Nigeria News - Nigeria and World News. en-US.
  41. News: Ajanaku . Lucas . Sunmonu is Petralon Energy chair, Aig-Imoukhuede Director . 24 December 2018 . The Nation . 29 June 2015.
  42. News: Lambiase . Silvia . Aigboje Aig-Imoukhuede wins Entrepreneur of the Year award . 24 December 2018 . Daily Times . 16 September 2017.
  43. News: Adefaye . FMDQ OTC dealers platform set to commence operations . 24 December 2018 . Vanguard Nigeria . 1 August 2013.
  44. Web site: 15 November 2021 . Our People . www.coronationam.com.
  45. Web site: Aigboje Aig-Imoukhuede: The Nigerian banker who refused to be left behind - CNBC Africa. 2021-11-15. www.cnbcafrica.com.
  46. Web site: 2021-10-27. Head of Service Partners Aig-Imoukhuede Foundation on Digitalisation. 2021-11-15. THISDAYLIVE. en-US.
  47. Web site: $ $. www.reuters.com. 29 January 2019.
  48. News: Eno . John . Aig-Imoukhuede, Okoloko win awards . 24 December 2018 . Vanguard Nigeria . 8 November 2011.
  49. News: Udo . Bassey . Nigeria shines as GTBank, First Bank, Sanusi win at African Bankers Awards . 24 December 2018 . Premium Times . 30 May 2013.
  50. News: Reporter . PRESS RELEASE : AFRICAN BANKER OF THE YEAR AWARD . 24 December 2018 . The New Times Rwanda . 5 June 2013.
  51. News: Augoye . Jayne . Chimamanda, Jega, Aig-Imoukhuede, Mabogunje elected into American Academy of Arts and Sciences . 24 December 2018 . Premium Times . 13 April 2017.
  52. News: Adekunle . Aig-Imoukhuede joins University of Oxford advisory board . 24 December 2018 . Vanguard Nigeria . 18 September 2017.
  53. News: Onyenucheya . Adaku . Aig-Imoukhuede joins Oxford varsity advisory board . 24 December 2018 . Guardian Nigeria . 18 September 2018.
  54. News: Anonymous . Coronation Capital chairman, Aig-Imoukhuede, gets honorary doctorate from OOU . 24 December 2018 . Business AM Live . 5 February 2018.
  55. News: Adekunle . Aig-Imoukhuede and the Initiative for Public Governance . 24 December 2018 . Vanguard . 13 November 2018.
  56. Web site: Africa Initiative for Governance Partnership. www.bsg.ox.ac.uk. 29 January 2019.
  57. News: Opara . Stanley . Dangote, Aig-Imoukhuede drive AU private sector revolution . 24 December 2018 . Punch . 4 February 2018.
  58. Web site: Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist - THISDAYLIVE . 2023-09-21 . www.thisdaylive.com . en.
  59. Web site: 2021-04-29. Review: Leaving the Tarmac by Aigboje Aig-Imoukhuede. 2021-10-21. African Business. en-GB.
  60. Web site: Home. 2021-10-21. www.leavingthetarmac.com. en.
  61. Web site: 2021-04-04. Leaving The Tarmac: Buying A Bank In Africa. 2021-10-21. THISDAYLIVE. en-US.
  62. Web site: 2021-06-02. Ofovwe speaks on 'new normal' public sector performance in Nig. 2021-10-21. Vanguard News. en-US.

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