Okonjo-Iweala to earn £130,000 per annum as Standard Chartered Bank’s Independent Non- Executive Director

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Standard Chartered Bank Plc has named Nigeria’s former minister of finance, Dr Ngozi Okonjo-Iweala as an independent non-executive director.

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries.

According to a statement released by the company yesterday, her appointment is effective from November 1, 2017.

Our sources quoted the bank to have said the former minister will earn £130,000 per annum for her expertise in financial and development financing.

José Viñals, group chairman said “Ngozi is a globally recognised African and international figure”.

“She has significant geopolitical, economic, risk and development experience and expertise at a national governmental level and in international organisations, which will provide significant insight and value to the Board.

“She also has deep knowledge of Africa as well as emerging and developing markets. I am delighted to welcome her to Standard Chartered.”

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