Ebitimi banigo biography

Ebitimi Banigo

Nigerian banker

Ebitimi Banigo is a Nigerian banker who was chief executive of International Merchant Bank of Nigeria from to Between and , he was Minister of Science and Technology in Nigeria.[1]

Banigo briefly worked for the accounting firm of Peat Marwick, Cassleton Elliott & Company before traveling abroad to earn an undergraduate degree in economics from University at Buffalo[1] and later earned an MBA from Harvard University.

Between and , he worked with Citicorp in New York working on international loan syndication and services, in , he moved across the Atlantic and joined Chase Merchant Bank working from its London office. Chase has an affiliate in Nigeria that later became Continental Merchant Bank, Banigo was transferred to the Nigerian affiliate in Upon his return to Nigeria, he briefly worked with the local branch of Chase Merchant Bank as the corporate finance manager.

Ebitimi banigo biography The foremost philanthropist who is unrelenting in his effort to transform Africa a better place through his philanthropic initiative — Tony Elumelu Foundation — made the revelation in posts across his social media handles on Monday, October 16, People often ask me, TOE how do I learn leadership. Should I go on a course? Buy a book? Get a mentor?

In , he left Chase to become deputy managing director of International Merchant Bank and in , he became the banks's MD. Banigo was at the helm of IMB for five years.[2]

In , Banigo and a group of investors started Allstates Trust Bank.[3] In the s, the bank's license was suspended and Banigo was detained by the Economic and Financial Crimes Commission[4] on the recommendation of the Central Bank which audited the bank's financial records and alleged Banigo and his associated companies were extended loan facilities amounting to more than 35% of shareholder equity, a violation of the Bank and Other Financial Institutions Act (BOFIA) of [5]

In , he became the Amanyanabo of Okpoama Kingdom, a traditional title making him King of Okpoama kingdom of Brass Local Government.[6]

References

  1. ^ abAlike, Ejiofor (November 16, ).

    "New Lease of Life for Brass LNG As Banigo Becomes King". Thisday.

  2. ^This Day. (February 26, Saturday). Nigeria; Banigo: Another Garland for the Corporate Guru. Africa News.
  3. ^"FAILURE OF ALLSTATES TRUST BANK PLC"(PDF).

    Ebitimi banigo ijaw In a proclamation he issued on Apri 15, King Banigo, said he took the decision to retire because his prevailing health challenges, which requires his long absence from the kingdom, would not allow him to spend good time with the people as his throne demands. He therefore, offered to vacate the stool with effect from July 31, to allow for enough time for the people to elect and install a new Ibenyanaowi of Okpoama. He said he would notify the Bayelsa State Government of the proclamation and, thanked the people of Okpoama for giving him the honour to serve as their king. He equally thanked God for giving him the privilege to rule over the kingdom of beautiful lands, creeks and people. The abdicating monarch pledged however, to continue to contribute to the development of Okpoama Kingdom and the preservation of the culture of the people, just as he did before ascending the throne.

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  4. ^Isa, Abdulwahab (April 21, ). "EFCC Releases All States Trust Bank Boss, Banigo". Daily Trust.
  5. ^Famakinwa, Samuel (November 19, ).

    All entries available on this Website shall be updated from time to time in order to add, modify or amend the information or contents of an existing entry. Accordingly, no legal proceedings whatsoever shall be entertained by the biographer on account of any information deemed to be inadequate or incomplete. Powered by 24hubs. Toggle navigation. Admin , December 15, September 4, , Banker , Economist , 0.

    "Banking Consolidation: Winners And Losers". Thisday.

  6. ^"Jonathan tasks Bayelsa monarch on peace, development - Vanguard News Nigeria". Vanguard News Nigeria. Retrieved