The African Export-Import Bank (Afreximbank) has upgraded its compliance unit to a full department, naming a Nigerian long-serving banker, Maureen Mba, as director of the department.
Mr Obi Emekekwue, the Director and Global Head of Communications and Events Management in Afreximbank, said this in a statement on Wednesday in Lagos.
Emekekwue said Mba’s new role would include Afreximbank’s compliance functions and the strategic objectives related to compliance risk management.
According to him, the former Central Bank of Nigeria staff, is to ensure the bank stays abreast of global trends with regard to ethics, corporate governance and compliance risk management.
Mba earned her MBA (General Management Emphasis) from City University, Bellevue, Washington, D.C., and a Bachelor of Science from the New York Institute of Technology, also in the United States.
She also holds the Diplôme Approfondie in French Studies and Computing from the Chambre de Commerce de l’Exterieur/Cite Universitaire, Strasbourg, France, and a Diplome French from the Universite de Clemont Ferront, France.
Afreximbank is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade.
The bank was established in October 1993 by African governments, African private and institutional investors and non-African investors.
Since 1994, it has approved more than $67 billion in credit facilities for African businesses, including $7.2 billion in 2018.
Afreximbank has a total asset of $11.9 billion as at Dec. 31, 2017 and is rated BBB+ (GCR), Baa1 (Moody’s) and BBB- (Fitch).
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