InfraCredit, an ‘AAA’ rated specialised infrastructure credit guarantee institution, backed by the Nigeria Sovereign Investment Authority (NSIA, has announced the appointment of Sanjeev Gupta as chairman, replacing Mr Uche Orji of NSIA.
In a statement yesterday, it added that Aminu Umar-Sadiq and Mr Reginald Ihebuzor would replace Mr Orji and Ms Stella Ojekwe-Onyejeli on its board as non-executive directors representing NSIA.
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The statement reads in part: “The board and management of InfraCredit give sincere thanks to Mr. Orji and Ms Ojekwe-Onyejeli for their manifold contributions to InfraCredit’s development since their appointments as pioneering members of InfraCredit’s Board of Directors in 2016.”
It said Gupta had been a non-executive director of InfraCredit since 2018, chairing the Board Risk & Capital Committee and the Board Remuneration Committee and was head of AFC’s Financial Services division and a member of the Board of Directors where he oversaw the corporation’s treasury, trade finance, syndication, country relations and advisory business units.
In accepting his appointment as Chairman of InfraCredit and welcoming the new NSIA representatives to the Board, Gupta said, “I am honoured to assume the role of Chairman of InfraCredit, a truly unique institution whose impact in using credit enhancement to facilitate access to long-term, local currency financing for infrastructure projects is noteworthy. I look forward to continuing to work with management and esteemed board members to unlock new growth opportunities which are beneficial to all stakeholders.
“We are grateful to outgoing directors Mr Orji and Ms Ojekwe-Onyejeli for their selfless contributions to the organisation and happy to welcome Mr Umar-Sadiq and Mr Ihebuzor to the board.”
