Afreximbank Appoints Audit Director

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Afreximbank Appoints Audit Director

Cairo, 03 March 2019: – The African Export-Import Bank (Afreximbank) has announced the appointment of Abel Osuji as Director of its Internal Audit Department following the upgrade of that function into a full department.

Until the appointment, Mr. Osuji had, since 2010, served as Senior Manager heading the internal audit function of the Bank which operated at the unit level.

Mr. Osuji joined Afreximbank from Masters Energy Ltd, Nigeria, where he was Assistant General Manager, Internal Audit, until 2010. Prior to that, he had served as Head, Investigation and Business Risk Monitoring Unit, at Intercontinental Bank (now Access Bank), Nigeria, between 2000 and 2010, and as Trainee (staff Accountant), Senior Accountant to Audit Supervisor, at EY (formerly Ernst & Young) Nigeria, from 1994 to 2000.

The new director received a Master of Science in economics from Enugu State University of Technology, Nigeria, in 2005, and an MBA from University of Lagos in 2000. He also holds a Bachelor of Science in accounting from the University of Port Harcourt, Nigeria, received in 1992.

Mr. Osuji was elected Fellow of the Institute of Chartered Accountants of Nigeria in 2013 and holds a Certified Risk Analyst certification which he received from the International Academy of Business and Financial Management in 2013. He attended the Advanced High-Performance Leadership programme at IMD in Switzerland in 2018.

In his new position, Mr. Osuji is responsible for leading the design and implementation of Afreximbank’s Internal Audit Services strategic direction and overseeing the management of change initiatives in monitoring and evaluation of risk controls in the Bank.

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Media Contact: Obi Emekekwue (oemekekwue@afreximbank.com; Tel. +202-2456-4238)

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Follow us on Twitter: @Afreximbank                 Like us on Facebook: Afreximbank About Afreximbank: The African Export-Import Bank (Afreximbank) is the foremost pan-African multilateral financial institution devoted to financing and promoting intra- and extra-African trade. The Bank was established in October 1993 by African governments, African private and institutional investors, and non-African investors. Its two basic constitutive documents are the Establishment Agreement, which gives it the status of an international organization, and the Charter, which governs its corporate structure and operations. Since 1994, it has approved more than $67 billion in credit facilities for African businesses, including $7.2 billion in 2018. Afreximbank had total assets of $11.9 billion as at 31 December 2017 and is rated BBB+ (GCR), Baa1 (Moody’s), and BBB- (Fitch). The Bank is headquartered in Cairo. For more information, visit: www.afreximbank.com