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Aigboje Aig-Imoukhuede

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

Aigboje Aig-Imoukhuede
CON
Aigboje Aig-Imoukhuede sitting in front of JSE Building
Aigboje Aig-Imoukhuede sitting in front of JSE Building
Born (1966-09-24) 24 September 1966 (age 58)
NationalityNigerian
Alma materUniversity of Benin
Occupation(s)Banker, lawyer, philanthropist
Known for
Board member ofNigeria Solidarity Support Fund;[5] GBCHealth;[6] ABCHealth;[7] Private Sector Health Alliance of Nigeria (PSHAN); EnterpriseNGR;[8] Vice Chairman, Global Citizen Nigeria;[9]
SpouseOfovwe Aig-Imoukhuede [10]
Children4 [11]

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] In March 2024, he returned to Access Holdings as chairman after the death of Herbert Wigwe.[26][27]

Early life and education

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Aig-Imoukhuede was born on 24 September 1966 in Ibadan, Oyo State in Western Nigeria to parents who were in the civil service.[28] His father, Frank Aig-Imoukhuede and mother, Historian Emily Aig-Imoukhuede (née Ihonde)[29] had 3 other children, Erekpitan, Oluwakemi and Aigbovbioise. He hails from Sabongida-Ora, Edo State in Southern Nigeria.[30][31] He lived with his family in Lagos but went to Federal Government College Kaduna, in Northern Nigeria.[32] He earlier attended St. Saviours School (primary) in Lagos and at age 16, he enrolled to study law at University of Benin, Edo State, Nigeria.[33] He graduated with a LLB degree in 1986 at age 19 and was called to the Nigerian Bar in 1987.[34][35] He holds a Trium MBA, awarded jointly by the London School of Economics, New York University, and HEC Paris.[36][37] In 2000 he attended a three-month Executive Management Programme course at Harvard Business School.[38][28][39]

Career

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He began working as a lawyer with Continental Merchant Bank during his NYSC deployment 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.[40] 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.[41] He has been the chairman of Associated Discount House Limited since 1 December 2011.[42] He serves as a director of Petralon Energy[43] and retired as the chairman of Wapic Insurance Plc where he has been its director since November 2011.[44] Aig-Imoukhuede also served as board chairman and director of FMDQ OTC PLC until 1 August 2014.[45] He founded Coronation Capital Limited in 2015[46] and has led the growth and expansion of the Coronation Ecosystem.[47] 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.[48]

Achievements and awards

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He was conferred with the National Honors of 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 in Nigeria. He was also awarded the National Productivity Order of Merit Award in 2009.[49] 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,[50] as well as the African Banker Magazine's “African Banker of the Year” in 2013.[51][52] He is a member of the American Academy of Arts and Sciences[53] and was appointed a member of the international advisory board of Oxford University's Blavatnik School of Government.[54][55] 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.[56]

Philanthropy

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He is the founder and chairman of the Aig-Imoukhuede Foundation, an independent non-profit that seeks to transform public service delivery and increase access to quality primary healthcare.[57] 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.[58] The Africa Initiative for Governance (AIG) partnership will run for five years, from 2017/18 until 2021/22.[59]

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).[60] 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).[61]

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

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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.[62][63][64]

Personal life

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Aigboje Aig-Imoukhuede is married to Ofovwe Aig-Imoukhuede, and together they have four children.[65]

References

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  1. ^ "Who we are | AIG | Africa Initiative for Governance". Archived from the original on 15 June 2021. Retrieved 17 November 2021.
  2. ^ "Partnership that works: Aig-Imoukhuede Foundation". 29 October 2021.
  3. ^ "Home". tengenfamilyoffice.com.
  4. ^ "Access Bank PLC | notfound".
  5. ^ "About Us". 13 June 2020.
  6. ^ "Aigboje Aig-Imoukhuede, FCIB, CON | GBCHealth". Archived from the original on 15 November 2021. Retrieved 15 November 2021.
  7. ^ "Adopt-a-Healthcare-Facility Programme (ADHFP): An interview with Aigboje Aig-Imoukhuede, Chairman, ABCHealth – Businessamlive".
  8. ^ "Osinbajo, Finance Minister, Aig-Imoukhuede Launch EnterpriseNGR". 15 October 2021.
  9. ^ "Global Citizen and the Nigeria Sovereign Investment Authority Launch the Nigeria Solidary Support Fund for Nigerians by Nigerians".
  10. ^ "Ofovwe speaks on 'new normal' public sector performance in Nig". 2 June 2021.
  11. ^ "Meet Aig-Imoukhuede, the lawyer-turned-banker who turned an unranked bank into a tier-1 bank". 25 June 2020.
  12. ^ "Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist - THISDAYLIVE".
  13. ^ https://guardian.ng/guardian-woman/ofovwe-takes-charge-at-aig-imoukhuede-foundation/
  14. ^ "AccessBank Group | Our History". 18 October 2021.
  15. ^ "Aigboje Aig-Imoukhuede: The Nigerian banker who refused to be left behind". CNBC Africa. 7 December 2016. Retrieved 20 October 2021.
  16. ^ Oyeyemi, Gbenga-Mustapha (9 February 2018). "Dangote, Aig-Imoukhuede seek African Union-Private sector collaboration on health". The Nation Online. Retrieved 24 December 2018.
  17. ^ "Africa Initiative for Governance picks four Nigerians, Ghanaian for scholarship". Guardian Nigeria. 18 July 2018. Retrieved 24 December 2018.
  18. ^ Ajumobi, Kemi (29 October 2021). "Ofovwe Aig-Imoukhuede, Executive Vice-Chair, Aigboje Aig-Imoukhuede Foundation". Businessday NG. Retrieved 15 November 2021.
  19. ^ a b Samade, Alex (2 January 2013). "Aig-Imoukhuede: Why the subsidy cabal is fighting back". Vanguard Nigeria. Retrieved 24 December 2018.
  20. ^ a b "Aigboje Aig-Imoukhuede". www.nse.com.ng. Retrieved 29 January 2019.
  21. ^ "NSE celebrates Aigboje Aig-Imoukhuede". Businessday NG. 31 March 2021. Retrieved 20 October 2021.
  22. ^ "Aig is NSE president-in-waiting as Dangote steps down". TheCable. 13 May 2014. Retrieved 20 October 2021.
  23. ^ "FMDQ Announces New Board Members". FMDQ Group. 8 August 2014. Retrieved 20 October 2021.
  24. ^ "Osinbajo, Finance Minister, Aig-Imoukhuede Launch EnterpriseNGR". THISDAYLIVE. 15 October 2021. Retrieved 20 October 2021.
  25. ^ "Aigboje Aig-Imoukhuede, investor, banker, Tengen co-founder, publishes book on Access Bank, launch of family philanthropic foundation". www.businessamlive.com. Retrieved 20 October 2021.
  26. ^ "Aig-Imoukhuede's Return to Access Holdings Plc – THISDAYLIVE". www.thisdaylive.com. Retrieved 19 September 2024.
  27. ^ Abimbola, Oluwakemi (15 March 2024). "Access Holdings gains 1.52% as Aig-Imoukhuede emerges". Punch Newspapers. Retrieved 19 September 2024.
  28. ^ a b Hyde, Peace (1 November 2016). "When We Started, All Hell Broke Loose". forbesafrica.com. Retrieved 29 January 2019.
  29. ^ "Welcome to Octogenerian Club -". 13 January 2015.
  30. ^ "Meet Aig-Imoukhuede, the lawyer-turned-banker who turned an unranked bank into a tier-1 bank". Nairametrics. 25 June 2020. Retrieved 20 October 2021.
  31. ^ "Banking mogul, Aigboje Aig-Imhokhuede's huge plan revealed". The Sun Nigeria. 14 December 2019. Retrieved 20 October 2021.
  32. ^ "The interview: Aigboje Aig-Imoukhuede on Change". The interview: Aigboje Aig-Imoukhuede on Change. Retrieved 18 October 2021.
  33. ^ "Aigboje Aig-Imoukhuede: The Nigerian banker who refused to be left behind". CNBC Africa. 7 December 2016. Retrieved 18 October 2021.
  34. ^ "Aigboje Aig-Imoukhuede: Entrepreneurs' courage is what sets them apart". Financial Times. 12 June 2012. Retrieved 18 October 2021.
  35. ^ "Aigboje Aig-Imoukhuede Soldiers on at 53". THISDAYLIVE. 28 September 2019. Retrieved 18 October 2021.
  36. ^ "Aigboje Aig-Imoukhuede". www.bsg.ox.ac.uk. Retrieved 20 October 2021.
  37. ^ "Aigboje Aig-Imoukhuede". www.nse.com.ng. Retrieved 21 February 2019.
  38. ^ "Stocks". Bloomberg News.
  39. ^ "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. Retrieved 29 January 2019.
  40. ^ "Aigboje Aig-Imoukhuede: Entrepreneurs' courage is what sets them apart". amp.ft.com. Retrieved 15 November 2021.
  41. ^ Nairametrics (August 2014). "Official: Sarah Alade Named African Finance Corporation Chairman, Elumelu & Aig-Imoukhuede Also On The Board". Nairametrics. Retrieved 15 November 2021.
  42. ^ "Associated Discount House gets merchant banking licence". The Guardian Nigeria News - Nigeria and World News. 13 May 2015. Retrieved 15 November 2021.
  43. ^ Ajanaku, Lucas (29 June 2015). "Sunmonu is Petralon Energy chair, Aig-Imoukhuede Director". The Nation. Retrieved 24 December 2018.
  44. ^ Lambiase, Silvia (16 September 2017). "Aigboje Aig-Imoukhuede wins Entrepreneur of the Year award". Daily Times. Retrieved 24 December 2018.
  45. ^ Adefaye (1 August 2013). "FMDQ OTC dealers platform set to commence operations". Vanguard Nigeria. Retrieved 24 December 2018.
  46. ^ "Our People". www.coronationam.com. 15 November 2021.
  47. ^ "Aigboje Aig-Imoukhuede: The Nigerian banker who refused to be left behind - CNBC Africa". www.cnbcafrica.com. Retrieved 15 November 2021.
  48. ^ "Head of Service Partners Aig-Imoukhuede Foundation on Digitalisation". THISDAYLIVE. 27 October 2021. Retrieved 15 November 2021.
  49. ^ "${Instrument_CompanyName} ${Instrument_Ric}". www.reuters.com. Retrieved 29 January 2019.
  50. ^ Eno, John (8 November 2011). "Aig-Imoukhuede, Okoloko win awards". Vanguard Nigeria. Retrieved 24 December 2018.
  51. ^ Udo, Bassey (30 May 2013). "Nigeria shines as GTBank, First Bank, Sanusi win at African Bankers Awards". Premium Times. Retrieved 24 December 2018.
  52. ^ Reporter (5 June 2013). "PRESS RELEASE : AFRICAN BANKER OF THE YEAR AWARD". The New Times Rwanda. Retrieved 24 December 2018.
  53. ^ Augoye, Jayne (13 April 2017). "Chimamanda, Jega, Aig-Imoukhuede, Mabogunje elected into American Academy of Arts and Sciences". Premium Times. Retrieved 24 December 2018.
  54. ^ Adekunle (18 September 2017). "Aig-Imoukhuede joins University of Oxford advisory board". Vanguard Nigeria. Retrieved 24 December 2018.
  55. ^ Onyenucheya, Adaku (18 September 2018). "Aig-Imoukhuede joins Oxford varsity advisory board". Guardian Nigeria. Retrieved 24 December 2018.
  56. ^ Anonymous (5 February 2018). "Coronation Capital chairman, Aig-Imoukhuede, gets honorary doctorate from OOU". Business AM Live. Retrieved 24 December 2018.
  57. ^ Abimbola, Oluwakemi (27 October 2024). "Aig-Imoukhuede Foundation reaffirms commitment to public service excellence". Punch Newspapers. Retrieved 12 November 2024.
  58. ^ Adekunle (13 November 2018). "Aig-Imoukhuede and the Initiative for Public Governance". Vanguard. Retrieved 24 December 2018.
  59. ^ "Africa Initiative for Governance Partnership". www.bsg.ox.ac.uk. Retrieved 29 January 2019.
  60. ^ Opara, Stanley (4 February 2018). "Dangote, Aig-Imoukhuede drive AU private sector revolution". Punch. Retrieved 24 December 2018.
  61. ^ "Aig-Imoukhuede: The Story of an Investor, Banker, Philanthropist - THISDAYLIVE". www.thisdaylive.com. Retrieved 21 September 2023.
  62. ^ "Review: Leaving the Tarmac by Aigboje Aig-Imoukhuede". African Business. 29 April 2021. Retrieved 21 October 2021.
  63. ^ "Home". www.leavingthetarmac.com. Retrieved 21 October 2021.
  64. ^ "Leaving The Tarmac: Buying A Bank In Africa". THISDAYLIVE. 4 April 2021. Retrieved 21 October 2021.
  65. ^ "Ofovwe speaks on 'new normal' public sector performance in Nig". Vanguard News. 2 June 2021. Retrieved 21 October 2021.
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