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President Bola Tinubu has announced the constitution of the boards of the National Agricultural Development Fund (NADF), the Bank of Agriculture (BOA), and the Universal Basic Education Commission (UBEC).
Umaru Al-Makura, appointed in July, continues to serve as chair of the UBEC Board. Uchendu Ikechi Mbaegbulem has been appointed to represent the South-east, while Gift Ngo represents the South-south.
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Mrs Ibiwunmi Akinnola will represent the South-west on the board, Meiro Mandara the North-east, Abdu Saulawa the North-west, and Paul Bolorunduro the North-central. The chairman and members of the board shall hold office for a term of four years in the first instance.
President Tinubu confirmed the appointments of Muhammad Babangida as chairman and Ayo Sotinrin as managing director of the Bank of Agriculture (BOA), as previously announced.
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The president also appointed three executive directors and five non-executive directors to the bank, representing Nigeria’s six geo-political zones.
The executive directors are Fatima Garba, from Sokoto, as executive director, Corporate Services; Ka’amuna Khadi, from Borno, as executive director, Risk Management and Strategy; and Hakeem Salami, from Kwara, as executive director, Operations.
The non-executive directors appointed to the bank’s board include Aminu Mohammed (North-east), Charles Amuchienwa (South-east), Oladejo Odunuga (South-west), Rabiu Funtua (North-west), and Kochi Iorgyer (North-central).
In the same vein, President Tinubu in October 2023 appointed Muhammad Abu Ibrahim as the executive secretary and CEO of the National Agricultural Development Fund (NADF) to lead the young agency, conceived by farmers and agripreneurs, to boost access to affordable capital.
In accordance with the Fund’s statute, President Tinubu has now constituted the board members who will be pivotal to the agency’s work.
Mallam Maccido, the pioneer chairman of FBNQuest Merchant Bank Limited, is the board chairman. He has over 30 years of experience in the financial services industry. He represents the North-west.
Other members include a prominent financial consultant and seasoned banker, Nelson Essien, representing Akwa Ibom and the South-south, and Amina Habib, representing Jigawa and the North-west. Amina is a fellow of the Institute of Chartered Accountants.
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Another member appointed by President Tinubu is Ondo State-born, Akinyinka Akinnola, an engineer with diversified business interests. He represents the South-west.
Hassan Usman from Borno represents the North-east on the board. He is the founder of New Frontier Developments Ltd and a former non-executive director of Access Bank.
Lufer Orkar from Benue represents North-central.
Felix Achibiri from Imo represents the South-east. He is the Group Director of Genesis Energy Holdings and the chairman and CEO of DFC Holdings Limited.
Bayo Onanuga
Special Adviser to the President,
(Information and Strategy)
December 5, 2025
