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Governor Fayemi Appoints Board Members For Fountain Holdings

In a bid to further drive investment in the state, Governor of Ekiti State, Dr. Kayode Fayemi, has approved the appointment of members of the Board of Fountain Holdings Limited, the investment company owned by the state government.

The new board is headed by Mr. Jide Ogundare. Other members of the board are Prof Abiodun Ayeni- Agbaje, Dr. Tunde Adeniran, Ms. Folakemi Fatogbe, and Prince Bode Adetoyi. Statutory members of the board are the State Commissioner for Finance and the Commissioner for Investment, Trade, and Industry, while the MD/CEO, Mr. Seyi Aiyeleso will also serve on the Board.

Members of the new board come with extensive experience in the private and public sectors and are expected to drive the investment portfolio of the company.

The Chairman, Mr. Jide Ogundare is CEO of MBO Capital. He is a trained Economist and former Executive Director and Head, Retail Banking Division of Guaranty Trust Bank (GTBank), where he worked for 21 years, before retiring in 2011.

He holds a Masters’ degree in Business Administration from Cardiff Business School and a degree in Law from School of Oriental and African Studies, University of London and was called to the Nigerian Bar in 1987.

Prof. Abiodun Rafiat Ayeni- Agbaje, a fellow of the Institute of Chartered Accountants of Nigeria (FCA), is a lecturer at the Department of Accounting, Ekiti State University, Ado-Ekiti. She is also the Chairman of ICAN, Ekiti State chapter.

Dr. Tunde Adeniran has a Ph.D. in Geology and was General Manager in Total Nigeria Plc, where he spent 22 years and held different managerial positions before his appointment as Group Executive Director in charge of NNPC Ventures in 2016.

Adeniran supervised 11 commercial and investment companies of the corporation dealing in crude and LPG sales and was charged with the responsibility of diversifying NNPC’s economic base through commercialization of non-assets and creating new investments. He is presently the Special Adviser to the Governor on Energy Matters.

Ms. Folakemi Fatogbe is the Director of Risk Management at the Central Bank of Nigeria (CBN). Prior to her appointment at the CBN, she had a twenty-year-long career in the banking industry (mostly in the United Kingdom), where she held positions as Senior Risk Analyst, and Programme Director among others. She holds an MBA in Finance and International Business from the University of Wales, Cardiff Business School.

Prince Bode Adetoyi is Chief Executive Officer of Hi-Nutrient International Limited. He holds a Bachelor’s degree in Agriculture and a Master’s degree in Animal Nutrition and Bio-Chemistry. He has undergone extensive training in business management in Nigeria and overseas.

Their appointments take immediate effect.

Source: Government of Ekiti State, Nigeria