Citigroup Inc. has appointed Ireti Samuel-Ogbu as its Nigerian country officer, the first time a woman has been appointed to the lender’s top post after 36 years of operating in Africa’s largest economy.
Samuel-Ogbu, who assumes office on September 1, will report to Akin Dawodu, the former Country Officer, who appointed the cluster head for sub-Saharan Africa in November.
Samuel-Ogbu, according to Citigroup, has a vast wealth of experience and talent in Nigerian banking and would work with the Bank’s institutional partners in Africa’s largest economy, linking them with the bank’s global reach.
Samuel- Ogbu has served as managing director of payments and receivables, treasury and trade solutions for Europe, the Middle East and Africa at the Bank’s office in London for the past 5 years. She will relocate to Lagos, Nigeria’s commercial hub to take.on her new role according to reports.
Bloomberg said Samuel-Ogbu takes over Citigroup’s Nigerian office at a time when the West Africa nation’s banking industry is struggling with the fallout from the coronavirus pandemic, a slump in oil prices and a dollar scarcity that is choking the economy and hampering businesses.
The new country officer has a “talented and experienced team in Nigeria,” and will assist institutional clients in the country by plugging into Citigroup’s regional and global reach, the company said. Citigroup has offices in 11 countries on the continent.