Diamond Bank Plc has announced the appointment of Mrs. Ifueko Omoigui Okauru to its Board of Directors as an Independent Director, subject to the approval of the Central Bank of Nigeria (CBN) and shareholders in general meeting.
According to a statement released by the Bank, the appointment was approved by the Board of Directors of Diamond Bank Plc at its meeting of July 26, 2012.
Mrs. Omoigui Okauru, who is best described as a hands-on strategy/change management consultant and change agent with proven leadership ability, is expected to bring on board her wealth of experience in contributing towards the advancement of Diamond Bank.
She is currently the Managing Partner of Compliance Professionals Plc. – supporting individuals and organizations to ensure compliance with rules and regulations. She is also a part-time member of the United Nations (UN) Committee of Experts on International Cooperation in Tax Matters as well as a member of the Board of Trustees of DAGOMO Foundation Nigeria (Limited by Guarantee), a family based Non-Governmental Organisation geared to community development.
As member of the UN Committee of Experts, Ifueko is the coordinator of the sub-committee on capacity building responsible for identifying and executing capacity building initiatives for deserving revenue authorities and officials. Ifueko also acts as the 2012 Mentorship Chair of the African Women’s Leadership Think Tank (AWLTT).
From May 2004 to April 2012, Ifueko was the first female Executive Chairman of the FIRS and Chairman of the JTB comprising representatives of all taxing tiers of Government in Nigeria. During her tenure, she spearheaded comprehensive tax reforms that lead to the development of a national tax policy (for the first time), modification of tax legislation and remarkable improvement in the effectiveness of Tax Administration. Tax collection in the FIRS, under the leadership of Ifueko Omoigui Okauru grew significantly.
From July 1996 to April 2004, Ifueko founded ReStraL Ltd. (a Leadership and Management Services Company) and built the organisation up from a zero base to a company par excellence. ReStraL Ltd. owns the Franklin Covey (FC) license in Nigeria and other parts of West Africa, and is governed by a Board of Directors committed to the highest standards of service and driving positive individual and organisational change.
From December 1983 to March 1996, Ifueko worked across the broad spectrum of Audit, Tax and Consulting work in the firm of Arthur Andersen & Co. (now split into two firms - KPMG Professional Services and Accenture). She led the firm’s successful strategy consulting practice before her exit in 1996.
A prize winner in the Institute of Chartered Accountants of Nigeria (ICAN) professional examinations, Ifueko is a Fellow of ICAN and a Fellow of the Chartered Institute of Taxation of Nigeria (CITN).
She attended the University of Lagos where she also earned the competitive Gulf Oil (now Chevron) scholarship for her course of study, Accounting. She graduated with a first class degree and was the valedictorian at her convocation with several prizes won. She attended the prestigious Imperial College London, United Kingdom on a Commonwealth scholarship and holds its Master of Science/Diploma of Imperial College Degree in Management Science.
She has received numerous awards in recognition of services rendered to Nigeria, most recently in May 2012, from the paramount traditional ruler of Edo Kingdom, Omo N’Oba Uku Akpolo Kpolo, Oba Erediauwa, bestowing royal beads on her.
During her tenure, the Federal Inland Revenue Service was recognised through several awards such as the Government Agency of the Year 2009 by the “This Day” and “Leadership” Newspapers.
Ifueko has written several articles and books currently being published. Her works have been used as case study in a number of publications in print and electronic media.
Mrs. Omoigui Okauru’s appointment brings to three the number of female directors sitting on Diamond Bank’s Board.
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