Africa Finance Corporation (AFC) has announced the departure of Adesegun Akin-Olugbade at the end of his contractual term on December 31, 2018, after 11 years of service to AFC, as pioneer general counsel and corporate secretary (2007-2008), executive director corporate services and general counsel (2009-2014) and executive director chief operating officer and general counsel (2015-2018).
A decade after its establishment, AFC has earned an enviable reputation in the infrastructure space internationally. As a member of AFC’s executive committee, Akin-Olugbade, played a key role in the Corporation’s adoption of strong corporate governance principles, systems and structures; expansion of AFC’s country membership; contribution to the growth of the Balance Sheet from $1.1 billion to $4.3 billion with operations in 28 African countries and the attainment of AFC’s investment grade credit rating – all of which have contributed to the success of the institution.
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He has served over 30 years in the legal profession and financial services sector, having worked at both the technical and management levels, in the public and private sector, for leading commercial law firms, development banks and international financial institutions.
He was previously General Counsel and Director at the African Development Bank (AfDB) and the first Chief Legal Officer and Head of the Legal Services Department of the African Export-Import Bank (Afriexim Bank).
AFC’s CEO, Samaila D. Zubairu, said, “We thank Adesegun for the key role he played in the evolution and growth of AFC to a leading Multilateral financial institution on the continent and wish him every success in his future endeavors.”
Chairman of AFC, Okwu J. Nnanna, on behalf of the Board of Directors, also thanked Akin-Olugbade for his contributions to the Board and development of AFC.
Also, Nana Eshun, AFC’s current director, Legal, a project finance lawyer with over 25 years experience, will assume the role of general counsel in an acting capacity, with immediate effect.
