UK Bank Appoints Dr. Ngozi Okonjo Iweala As Director

British bank,Standard Chartered PLC, appoints our own Nigeria’s former minister of finance Ngozi Okonjo-Iweala as a non-executive director .Ngozi Okonjo-Iweala will earn £130,000 (over N53 million) per annum for her expertise in financial and development financing.The former minister has spent 25 years working at the World Bank in various positions Nigeria’s former minister of finance,Ngozi Okonjo-Iweala, has been appointed as an independent non-executive director at UK bank, Standard Chartered PLC.Standard Chartered PLC is a British multinational banking and financial services company headquartered in London,England,and with presence in 70 countries.

The bank announced the appointment of Iweala in a statement on Thursday,July 27, by Jon Tracey, the bank’s media specialist, at the London Stock Exchange,The Cable reports.The financial institution said her appointment is effective from November 1, 2017.The statement from the bank read: “The independent Non-Executive Directors do not participate in any of the Group’s incentive arrangements “Dr Okonjo-Iweala will receive a fee of GBP100,000 per annum for her services as an independent Non-Executive Director,with an additional fee of GBP30,000 per annum as a member of the Brand, Values and Conduct Committee.

This is disclosed in accordance with the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited.” José Viñals, group chairman of the bank described Iweala as a globally recognised African and international figure. He said: “She has significant geopolitical, economic, risk and development experience and expertise at a national governmental level and in international organisations, which will provide significant insight and value to the Board.