ADVERTISEMENT
  • The Membership Club
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, January 15, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Adebayo Ogunlesi [Photo: Guardian]

Adebayo Ogunlesi [Photo: Guardian]

PROFILE: What to know about Nigerian investor whose firm World Bank president joined after resigning

byOladeinde Olawoyin
January 10, 2019
3 min read

The president of the World Bank, Jim Kim, on Monday, resigned his appointment, effective February 1.

A World Bank press release dated January 7 said Mr Kim announced that, “immediately after his departure, he will join a firm and focus on increasing infrastructure investments in developing countries. The details of this new position will be announced shortly.

“In addition to working on infrastructure investments, Kim announced that he will also be re-joining the board of Partners In Health (PIH), an organization he co-founded more than 30 years ago.

“I look forward to working once again with my longtime friends and colleagues at PIH on a range of issues in global health and education. I will also continue my engagement with Brown University as a trustee of the Corporation and look forward to serving as a Senior Fellow at Brown’s Watson Institute for International and Public Affairs,” the statement highlighted.

Details however, emerged on Tuesday that Mr Kim is joining an investment firm, Global Infrastructure Partners (GIP), chaired by Nigerian investment guru, Adebayo Ogunlesi.

GIP focuses on projects in the energy, transport, water and waste industries, with investments in developed and select emerging countries.

But who is Mr Ogunlesi?

A Nigerian-born investor, Mr Ogunlesi, acts as chairman and partner at the firm. He also has majority stake in London Gatwick airport.

Born Adebayo Ogunlesi in 1953, the investment guru is the son of Theophilus Ogunlesi of Makun, Sagamu, Ogun state. According to his Wikipedia page, his father is the first Nigerian professor of medicine.

RelatedNews

After seven months, court grants bail to soldier who criticised Buhari, Buratai

Court jails tricycle rider caught fighting FRSC operatives

Medical College shut as students, officials test positive for COVID-19

Makinde breaches COVID-19 protocols, attends public gathering hours after returning from the U.S.

Mr Ogunlesi, 65, went to King’s College, Lagos, and received a B.A. with first class honours in Philosophy, Politics and Economics from Oxford University in England. He received a J.D. magna cum laude from Harvard Law School in 1979 and an M.B.A. from the Harvard Business School, which he pursued at the same time.

The businessman also served as a law clerk to Associate Justice Thurgood Marshall of the United States Supreme Court, in the early 1980s.

In 1983, he joined the investment bank First Boston as an advisor on a Nigerian gas project and worked in the Project Finance Group, advising clients on transactions and financings and has worked on transactions in North and South America, the Caribbean, Europe, the Middle East, Africa and Asia.

Dangote adbanner 728x90_2 (1)

“The Man who bought Gatwick Airport”

In July 2006, Mr Ogunlesi started the private equity firm, Global Infrastructure Partners (GIP), a joint venture, whose initial investors included Credit Suisse and General Electric. He currently serves as Chairman and Managing Partner.

GIP bought London City Airport in 2006 and by 2009, it acquired the majority in London Gatwick Airport, in a deal worth £1.455 billion.

For his industry and feats, Mr Ogunlesi is largely addressed as “The Man Who Bought Gatwick Airport”, especially in Nigerian media. Mr Ogunlesi’s GIP owns Edinburgh Airport, which it bought in 2012, as well as Nuovo Trasporto Viaggiatori, which it bought in February, 2018.

In the past, Mr Ogunlesi has served as informal adviser to Nigerian leaders, notably former president, Olusegun Obasanjo.

In 2016, United States’ president, Donald Trump, appointed Mr Ogunlesi and others as advisers.

Mr Trump picked him to join other chief executives in an advisory council. Other members of the advisory council were Stephen Schwarzman, chairman and co-founder of Blackstone; Paul Atkins, CEO, Patomak Global Partners, LLC, former commissioner of the Securities and Exchange Commission; Mary Barra, chairman and CEO, General Motors; Toby Cosgrove, CEO, Cleveland Clinic; among other investment and economic experts.

ADVERTISEMENT

But in August 2017, Mr Trump dissolved the councils. “Rather than putting pressure on the business people of the manufacturing council and strategy and policy forum, I am ending both. Thank you all!” Mr Trump said in a tweet announcing the dissolution.

On Tuesday, Mr Ogunlesi welcomed Mr Kim into GIP as vice chair. “The leadership and vision that Dr. Kim brought to the World Bank as well as his prior roles as president of Dartmouth College and director of the World Health Organization’s HIV/AIDS department speak for themselves,” he said in a statement announcing the appointment.

Meanwhile, Kristalina Georgieva, World Bank CEO, will assume the role of interim World Bank president, effective February 1.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government. For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour. By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

Taiwanese premier to resign on Friday

Next Post

Six suspected touts face trial for alleged display of firearms

Oladeinde Olawoyin

Oladeinde Olawoyin

Oladeinde Olawoyin reports Business & Economy, Development and Lagos Metro at PREMIUM TIMES. A First Class graduate of Mass Communication from the University of Ilorin, Ilorin, he was nominated in the journalism category of The Future Awards Africa in 2017. Aside maintaining a column titled ‘SATURDAY SATIRE’, he also writes art and culture pieces on weekends. Twitter: @Ola_deinde

More News

Nigeria Stock Exchange (NSE)

NSE: Nigerian stocks rise for fifth straight day on bellwether gains

January 14, 2021
Solar pannels [Photo: Nikkei Asian review]

Starsight gets $10 million funding to expand solar power solutions in Nigeria, Ghana

January 14, 2021
INVESTIGATION: How Nigerian Breweries protected its Dutch CEO suspected of corruption

Heineken extends dominance of Nigerian brewery market with potential Champion Breweries takeover

January 14, 2021
A Bureau De Change, BDCs, operator

Nigerian parallel market operators introduce platform for countrywide exchange rates

January 14, 2021
Nigeria Stock Exchange (NSE)

NSE: Market sustains momentum, advances by N24 billion

January 13, 2021
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

Ardova seals pact to take over rival energy firm Enyo

January 13, 2021
Next Post
Lagos-High-Court

Six suspected touts face trial for alleged display of firearms

Vice President Yemi Osinbajo

Osinbajo, Akeredolu, Fayemi attend OPC founder’s funeral

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps Address Nationwide
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.