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African Development Bank appoints Aida Ndir Ngom as Director of the Private Sector Development Department



Prior to her appointment, Ngom served as Manager for the Energy Financial Solutions Division within the Power, Energy, Climate and Green Growth Complex

ABIDJAN, Ivory Coast, January 21, 2024/ — The African Development Bank ( has appointed Aida Ngir Ngom as Director, Private Sector Development Department. Her appointment takes effect from February 1, 2024.

Ngom, a Senegalese national, is a seasoned development finance banker with more than 20 years of experience in private sector origination and development, investment banking, and corporate and project finance, notably in the infrastructure space.

Her experience includes collaborating with both private sector entities and governments, building strategic partnerships with industry leaders, and collaborating with other multilateral financial institutions and regulatory bodies.

Prior to her appointment, Ngom served as Manager for the Energy Financial Solutions Division within the Power, Energy, Climate and Green Growth Complex, after having been Chief Investment Officer in the Bank’s Private Sector Department. She played a key role in fostering the deployment of innovative financial products and instruments as a path to delivering ground-breaking infrastructure projects and promoting a Just Energy Transition for Africa. Ngom also serves as an advisory Board member of private equity funds in the Renewable Energy and Infrastructure space.

Ngom joined the Bank in 2007 as a Principal Credit Risk Officer in the Credit Department. In 2013 she was appointed Chief Investment Officer in the Public Private Partnerships and Infrastructure Division in the Bank’s Private Sector Department. Here, she played a key role in strengthening the Bank’s processes and procedures and also participated in various governance bodies including the Non-Sovereign Working Group of the Bank’s Asset and Liabilities Committee. As Chief Investment Officer, she contributed to landmark and ground-breaking transactions providing targeted financial solutions to projects and clients, including the Bank’s biggest private sector syndication loan that mobilized $1 billion for the client. She has also been part of various taskforces including the one that established the Africa 50 and brought catalytic support to key economic sectors across the continent.

Prior to joining the Bank, Ngom worked as an investment professional and head of credit in various international and regional commercial banks including Citibank and Mauritius Commercial Bank in East, Southern, and West Africa as well as in France, in both origination and credit functions.

She graduated from Heriot Watt University in Edinburgh, with a Master of Arts degree in Business Organisation and holds a Master of Science in Banking and Finance.

Commenting on her appointment, Ngom said: “I am truly honoured and humbled by the confidence placed in me and I am grateful to President Adesina for this appointment. I am fully committed to working and collaborating with the Bank’s senior leadership team, colleagues, as well as with our private sector clients and partners to attract private sector capital in key economic sectors and spearhead key strategic initiatives, supporting the President’s vision”.

African Development Bank Group President, Dr Akinwumi Adesina, said: “I am pleased to appoint Ms Aida Ngom, a respected and seasoned development finance banker as Director for the Private Sector Development Department. Aida brings to this role extensive management experience and expertise in the fields of development finance, private sector development and capacity building. She will help the Bank attract the much-needed private sector capital to key sectors and to position the institution as the partner of choice for private sector operators, whilst leveraging the Bank’s thorough understanding of the African context”.


African Development Bank Group (AfDB)

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BVN, NIN requirement: CBN keeps mum as deadline expires



The Central Bank of Nigeria has kept mum as the deadline for banks to restrict customers’ accounts without a Bank Verification Number or National Identity Number has expired.

DAILY POST recalls that CBN, in a notice on December 1 last year, signed by the Director of Payments System Management Department, Chibuzo Efobi and Director of Financial Policy and Regulation Department, Haruna Mustapha, asked banks to restrict tier-1 accounts or wallets without NIN or BVN.

“For all existing Tier-1 accounts/wallets without BVN or NIN: Effective immediately, any unfunded account/wallet shall be placed on ‘Post No Debit or Credit’ until the new process is satisfied.

“Effective March 1, 2024, all funded accounts or wallets shall be placed on ‘Post No Debit or Credit’, and no further transactions will be permitted. The BVN or NIN attached to and/or associated with all accounts/wallets must be electronically revalidated by January 31, 2024”, the statement partly reads.

However, CBN acting spokesperson, Hakama Sidi has yet to respond to calls from DAILY POST on Friday over the fate of banks’ customers without NIN or BVN.

Meanwhile, in a telephone interview with DAILY POST, the President of the Bank Customers Association of Nigeria, Dr Uju Ogubunka, appealed to CBN for a deadline extension.

According to him, though many accounts have NIN or BVN, there are still many without the requirement.

“At this point, the best thing for CBN to do is extend the deadline for bank customers to have their NIN or BVN”, he told DAILY POST.

A source who preferred anonymity in a tier-1 bank told DAILY POST that no customer account had been restricted owing to the NIN or BVN requirement.

“At the moment, no customers’ accounts have been restricted. Customers in the last three days have trooped in to update their account”, he said.

DAILY POST reported that bank customers were in a last-minute rush to meet the NIN and BVN requirement deadlines as they besieged their respective banks.


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Gov Mbah signs New Enugu City, ENSIEC bills into law



On Friday, Governor Peter Mbah of Enugu State officially approved the New Enugu City Development Agency Bill, the Enugu State Geographical Information System Service Bill, and the Enugu State Independent Electoral Commission (ENSIC) Amendment Bill, turning them into law. The signing ceremony, witnessed by Enugu State House of Assembly Speaker Uchenna Ugwu at the Government House in Enugu, marked significant steps in the state’s governance.

Governor Mbah clarified the purposes of these laws during the signing event. He highlighted that the New Enugu City Development Agency Law grants administrative authority to oversee the development of a new city master plan, aimed at accommodating both present and future generations. The Enugu State Geographical Information System Service Law, on the other hand, focuses on automating and digitizing processes for service delivery, beginning with land-related matters.

Regarding the ENSIEC Amendment Law, Governor Mbah noted its alignment with constitutional amendments concerning electoral bodies, ensuring compliance with the evolving legal framework.

Explaining the rationale behind the New Enugu City Development Agency, Mbah emphasized the government’s forward-thinking approach to governance, addressing the need for urban expansion to accommodate the growing population. He underscored the significance of having a master plan for future generations to prevent urban congestion.

Furthermore, Mbah elaborated on the Enugu State Geographical Information System Service, emphasizing its role in fulfilling the administration’s promise to streamline land administration processes and provide efficient services. He highlighted the agency’s mandate to manage property information systems and facilitate digital platforms for accessing services and making payments.

Governor Mbah expressed gratitude to the State House of Assembly for their support and swift passage of these executive bills, acknowledging the importance of collaboration in driving the state’s development agenda forward. He emphasized that progress and success hinge on the collective efforts of all stakeholders, including the legislature.

In conclusion, Governor Mbah affirmed his administration’s commitment to fulfilling its promises and leveraging legislative support to enhance governance and service delivery in Enugu State.

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Tinubu’s presidency not by chance – Shettima



Vice President Kashim Shettima asserts that Asiwaju Bola Tinubu’s rise to the presidency is not coincidental but a divine blessing due to the sincerity of his character. Shettima made these remarks during a courtesy visit by the Nigerian Christian Pilgrim Commission (NCPC) delegation at the Presidential Villa in Abuja on Friday.

“The path leading to Tinubu’s presidency wasn’t accidental. He is known for his consistent sacrifices for the nation’s welfare. His success is viewed as a divine reward for his genuine intentions,” Shettima stated.

He stressed the importance of leaders fostering unity, highlighting Tinubu’s significant role in offering an alternative political platform within Nigeria’s system.

“Tinubu has made sacrifices and facilitated unity. He provided a haven for those facing political persecution and offered an alternative platform when others struggled for recognition,” Shettima elaborated.

Shettima urged Nigerians to be patient with Tinubu’s leadership, emphasizing that his presidency is not a coincidence but a deliberate journey towards national success.

He also charged the newly appointed NCPC Board to demonstrate unwavering commitment to their duties and reminded them of the importance of religious dedication in addressing national challenges.

“All of you were selected based on your religious commitment. We cannot overlook the issues within our system. It’s essential for all of us to strive for positive change to achieve the Nigeria we envision,” he concluded.

Previously, Bishop Stephen Adegbite, the Executive Secretary of NCPC, expressed gratitude to President Tinubu for the opportunity to serve on the board and praised Vice President Shettima’s outstanding leadership, citing his support for the Church and peace efforts in Borno State.

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