Okechukwu Enyinna Enelamah, one of
President Muhammadu Buhari’s latest ministerial nominees will be finance
minister in the new cabinet, TheNEWS has learnt authoritatively.
Enelemah, 50 year-old head of
Nigeria’s biggest private equity firm, African Capital Alliance is one of the
few of the 37 nominees, whose portfolio we can confirm.
Enelamah, a former Goldman Sachs
banker, former medical doctor, is a founder and chief executive of ACA, which
has raised over $750 million in managed funds since its inception in 1997.
According to his his CV published by
Bloomberg, Dr. Enelamah was one of the original principals of Zephyr Capital
and South Africa Capital Growth Fund, Ltd.
“Previously, he was employed at
Arthur Andersen and Goldman Sachs. He was an investment professional of Zephyr
Management, L.P. He serves as a Director of Dorman Long Engineering Limited.
He has been a Non-Executive Director
of UAC of Nigeria Plc since 2010.
He also serves on the Board of
various companies including eTranzact, Cornerstone Insurance Plc, Technoserve,
Inc., Africa Leadership Initiative West Africa (ALIWA), and Business Day.
“Dr. Enelamah is a Chartered
Financial Analyst and a qualified Chartered Accountant in Nigeria, winning two
national prizes in the qualifying examinations. Dr. Enelamah holds an M.B.A.
degree with high distinction from the Harvard Business School, where he was a
Baker Scholar.
Dambazau: will be defence minister
Another nominee, who was cleared by
the Senate today is General Abdulrahman Dambazau, former chief of army staff.
He will be defence minister, just like Dr. Emmanuel Ibe Kachikwu’s role is also
clear: minister of state in the petroleum ministry.
TheNEWS learnt that
President Buhari deliberately did not assign the portfolios of the 37 nominees,
because there are plans to restructure the ministries into about 18.
The scenario unfolding is the
appointment of two ministers per each ministry.
President Buhari wants nominees such
as Enelamah on board in view of the need to find more creative ways to engineer
Nigeria out of its present financial quagmire.
Oil income has fallen by two-thirds
to just $3.2 billion in the last year up to July, according to a report
published at the weekend by the NNPC. With President Buhari eager to implement
his party’s programme of creating jobs, he needs people with ideas to help
out”, said a source close to the president’s thinking.
President Buhari first sent a list
of 21 names to the Senate on 30 September, comprising former governors and
politicians who generally helped the president to power in the 28 March
election. Among them were Raji Fashola, Kayode Fayemi, Rotimi Amaechi, Chris
Ngige, Ahmed Ibeto, Lai Mohammed and others.
Yesterday he forwarded 16 additional
names, containing several technocrats.
Among them is Aisha Abubakar, a
banker who until recently headed the Abuja Enterprise Agency, a government body
to help smaller firms.
The others, with several being not
well known figures nationally, Khadijatu Bukar Abba Ibrahim, Claudious Omoleye
Daramola, Prof Anthony Onwuka, Jeffery Onyema, Brig. Gen M.M Dan Ali (Rtd), James
E. Ocholi, a senior advocate, Zainab Shamsuna Ahmed, Muhammadu Bello, Mustapha
Baba Shesuri.
Others are Heineken Lokpobiri, a
former senator, Adamu Adamu, a journalist, Prof Isaac Adewole, a medical doctor
and former vice chancellor of the University of Ibadan, Pst Usani Usani Uguru
and Abubakar Buhari Bawa.
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