Board of the NSIA

Mr. Farouk Mohammed Gumel - Chairman
Mr. Farouk Mohammed Gumel

Mr. Farouk M. Gumel is a Group Executive Director and Head of Agri-Businesses for the Tropical General Investment (TGI) Group, a global conglomerate operating in 13 countries across Africa, the Middle East and Asia. TGI’s business interests span the entire food value chain from origination/farming, processing, distribution, and branded retail. He is also the Chairman of WACOT Rice Limited, one of the largest state-of-the-art rice mills in Nigeria. He is a consummate professional with nearly two decades of cognate experience spanning consulting, audit, corporate finance, advisory services, and asset management. Mr Gumel serves on the board of several companies.

Prior to joining TGI, Mr. Gumel was a Partner and Head of PricewaterhouseCoopers’ (PwC) West African Advisory/Consulting business which covers Nigeria, Ghana, Liberia, Sierra Leone, and Angola. He worked in PwC in various capacities from 2002 to 2015 in the United Kingdom, United States of America and West Africa.

Between 2016 and 2020, he was an Honorary Consultant to the Presidency of Nigeria on agriculture and food security, where he supported in the development and implementation of the Presidential Fertiliser Initiative (PFI), National Food Security programme, Humanitarian Food Distribution programs in North East Nigeria and various Agriculture and food-related backward integration policy development initiatives. In August 2021, Mr Gumel was appointed the Co-Chairman of the Benin Republic’s National Committee for the Development of Rice Value Chain by President Patrice Talon of the Republic of Benin.

Mr. Gumel is a member of Institute of Chartered Accountants of Nigeria (ICAN) and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW). He has served on several Presidential and Ministerial level task forces/committees for more than a decade. In addition to his professional memberships, he possesses a Masters’ degree in Clean Technology from the University of Newcastle Upon Tyne, which he earned in 2001. For his first degree, he graduated with distinction and finished top of his class with a Bachelors’ degree in Materials (Leather) Technology from the University of Northampton in 2000.

Mr. Ikemefuna Louis Isiekwena - Non-executive Director
Mr. Ikemefuna Louis Isiekwena

Mr. Ikemefuna Louis Isiekwena is a Partner at Simmons Coopers Partners, a firm of Barristers and Solicitors in Nigeria. SimmonsCooper Partners (SCP) is a leading law firm consistently ranked among the top-tier firms within the country. SCP provides sound legal counsel, superior advocacy, excellent work product, and personalized service.

He has extensive experience covering commercial law and has provided transaction advisory services across a wide range of corporations having served as Lead Counsel on large ticket transactions covering project finance, oil and gas, real estate, energy and power, financial services, and private equity. Prior to Simmons Coopers Partners, he had worked at highly regarded and successful law firms including DAC Legal Practitioners, and Alegeh & Co.

Mr. Isiekwena holds a Bachelor of Laws Degree (LL. B) and a Master of Laws (LL.M) degree in Competition Law from the University of Benin in 2002 and the Kings College London in 2012, respectively. He is an MBA Alumnus of the Robert Kennedy College, USA which he earned in 2020. He is a Barrister and Solicitor of the Supreme Court of Nigeria having been called to the Nigerian Bar in 2004.

He also possesses substantial Board-level experience having served on various boards including as Director at Slavabogu Construction Company Ltd and as a Board member, Corona Trust Council. He is a member of some professional bodies including the Nigerian Bar Association (NBA) and the International Bar Association where he actively participates in the Committee on Antitrust and Competition law.

Mallam Ali Goni Kadugum - Non-executive Director
Mallam Ali Goni Kadugum

Mallam Ali Goni Kadugum is an accomplished academic and technocrat. He brings over three decades of cognate experience spanning the academia, civil service, and banking. He has worked in various roles in the academic sector over the last two decades and brings a unique set of industry and research-based skills to the Board.

He retired as Chief Lecturer, at the College of Education Nguru and had served as Rector, College of Admin and Business Studies from 2007 to 2016, until his appointment as Chief Lecturer. He is also a director in Kadugum Brothers Nigeria Limited. Mr. Kadugum served as the Honourable Commissioner for Commerce and Industry, Yobe State, where he contributed to the state’s growth strategy.

Outside the academia, he had worked as an Internal Auditor at Premier Commercial Bank, General Manager at Bade Transport Service and Industrial Officer at the Federal Ministry of Commerce and Industry.

He holds a Master of Arts in Business degree from the University of Central Lancashire, and a Post Graduate Diploma as well as a Bachelor’s degree from the University of Maiduguri. He is a Fellow of the Association of Financial Analysts of Nigeria, Fellow, Institute of Practicing Professionals and Member, Institute of Management Professionals.

Sir Babatunde Emmanuel Sobamowo (KJW) - Non-executive Director
Sir Babatunde Emmanuel Sobamowo (KJW)

Sir ‘Tunde Sobamowo is the promoter and founder of Global Asset Management (Nig.) Ltd. He is an erudite and seasoned investment management expert, consummate banker, and experienced financial services professional with decades of post professional qualification experience spanning Auditing, Taxation, Leasing, Banking, Share dealing and Financial Advisory/Business Recovery Services.

He started his career at Coopers and Lybrand (now PricewaterhouseCoopers), an internationally renowned firm of professional accountants and rose to become Senior Accountant. Following his short stint at the firm, he joined NAL Merchant Bank Nig. Plc in 1983, as an Assistant Manager and rose to become an Area Manager, Northern Area. Subsequently, he became the Head of the Capital Markets at NAL Merchant Bank (now a member of the Sterling Bank Group) where he led the structuring of several listings and big-ticket transactions for the bank.

He left the bank in 1993 and founded Babatunde Sobamowo & Co. a Tax, Management Consulting and Audit practice as its pioneer Principal Managing Partner. Following this, he set up Global Asset Management (Nig) Ltd in 1996. Apart from founding and leading these respected organizations, Sir. Sobamowo has had the privilege of serving on various Boards within and outside the financial services industry.

Sir. Sobamowo has been a dealing member of the Nigerian Stock Exchange since May 1993. He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA); Fellow of the Chartered Institute of Stockbrokers (FCS); Associate of the Chartered Institute of Taxation; an Associate of the Certified Pension Institute of Nigeria and a member of the Business Recovery and Insolvency Practitioners Association of Nigeria. He is a 1978 graduate of the prestigious University of Lagos, where he studied Economics.

Mr. Kabir Suleiman Oniyangi - Non-executive Director
Mr. Kabir Suleiman Oniyangi

Mr. Kabir Suliaman Oniyangi is a financial services expert with over three decades of relevant experience. Prior to his appointment as a Non-executive Director at the NSIA, he spent over 26 years at the Nigeria Deposit Insurance Corporation (NDIC), a parastatal under the Nigerian Ministry of Finance, charged with protecting the banking system from instability, rising from Deputy Manager to Controller, Kano Regional Office.

Prior to joining NDIC, he worked at the National Electric Power Authority (NEPA) as an Investment Manager. Before NDIC, he had also worked in the New Nigeria Development Company (NNDC) also as an Investment Manager.

He has attended courses locally and internationally. Mr. Oniyangi holds a Master of Business Administration (MBA) from the Ahmadu Bello University and a Bachelor’s degree in Business Administration from the same institution. He is a Member of the Institute of Management Professionals.

Mr. Uche Orji - Managing Directors & Chief Executive Officer
Mr. Uche Orji

Mr. Uche Orji is the Managing Director and Chief Executive Officer of the Nigeria Sovereign Investment Authority (NSIA) and has served in this capacity since inception of the Authority. He brings over three decades of global experience spanning banking, asset management and financial services to the leadership of the Authority.

In addition to his role as MD & CEO, NSIA, he serves on the Boards of the Infrastructure Credit Guarantee Company Ltd (InfraCredit) as Chairman, and Non-executive Director at the Development Bank of Nigeria (DBN), Family Homes Funds Ltd (FHFL), NG Clearing Ltd and Nigeria Mortgage Refinance Company (NMRC).

Prior to leading the NSIA, he worked in various organizations including; UBS Securities, New York, where he was a Managing Director and Global Coordinator of Semiconductor Equities Research; JP Morgan Securities, London, where he was a Vice President and later Managing Director within the Equities Division and Analyst in charge of European Semiconductor Equities Research; Goldman Sachs Asset Management where he was an Executive Director serving as Analyst/Portfolio Manager covering chemicals and telecommunication equipment sectors, as well as co-manager of Global Technology Fund and pan-European equities fund. Preceding his international work experience, he had served as the Acting Financial Controller at Diamond Bank Plc (now part of Access Bank Plc), Nigeria, and started his career in the audit group of Arthur Andersen & Co. He completed his National Youth Service in Bauchi, where he worked at the Nigeria Industrial Development Bank, NIDB (now Bank of Industry).

As an analyst, he advised leading global asset managers, ranking #1 in Europe and top 3 in the United States according to Institutional Investors Magazine All-Equities Analyst Ranking. As part of his sector coverage, he provided strategic advice to the Management of leading companies such as Intel Electronics, Nvidia, ASML, Philips Electronics, AMD and Texas Instruments; and as global coordinator covered global companies such as Samsung Electronics, Toshiba, Nikon, Canon and Hynix. He has authored/co-authored hundreds of research papers in the Semiconductor sector as well as the broader technology investment sectors and was a regular commentator on the technology sector on all major news media.

Uche studied Chemical Engineering at the University of Port Harcourt, Nigeria, graduating in 1990, and subsequently obtained an MBA from Harvard Business School in 1998.

Mr. Aminu Umar-Sadiq - Executive Director
Mr. Aminu Umar-Sadiq

Mr. Umar-Sadiq has significant experience in investment banking, private equity and public finance, including his most recent role at the NSIA where he served as a Senior Vice-President and Deputy Head, Infrastructure.

Since joining NSIA, Mr. Umar-Sadiq has led the development, execution and management of critical domestic infrastructure projects in the agriculture, healthcare, motorways, real-estate and power sectors.

Prior to joining the NSIA, he worked in mergers and acquisitions at Morgan Stanley focused on the Energy and Utilities sectors. He also worked with Denham Capital Management, an oil and gas, mining, and power focused private-equity fund.

A Bauchi-State academic scholar, Aminu holds Bachelor's and Master's degrees in Engineering Sciences from the University of Oxford.

He is an Archbishop Desmond Tutu Fellow, a Nigeria Leadership Initiative Associate and a Mandela Washington Fellow.