The Nigerian government has appointed a new managing director for the National Economic Reconstruction Fund (NERFUND).

He is Ezekiel Oseni, a former general manager and chief risk officer at the Bank of Industry.
Mr. Oseni’s appointment was announced Wednesday by the Permanent Secretary in the Ministry of Finance, Mahmoud Isa-Dutse, who credited Minister Kemi Adeosun as approving the posting.
“His appointment which takes immediate effect was made under a Management Agreement between the Federal Ministry of Finance and the Bank of Industry,” Mr. Isa-Dutse said in a statement.
He said Mr. Oseni has several mandates, among which is to reposition the organisation and ensure that all outstanding indebtedness were recovered.