Nigeria’s foremost driver of its robust private sector, the Institute of Directors (IoD) on Thursday inducted three directors of the country’s leading engineering construction company, Julius Berger Nig. Plc as members of the IoD. The Julius Berger directors (Board members) inducted as members are Alh. Zubairu Ibrahim Bayi, Mrs. Belinda Ajoke Disu and Mr. Tobias Meletschus. 63 others were inducted alongside the Julius Berger directors.
At the well-attended ceremony, which held at the Eko Hotels, Victoria Island Lagos, the official charge for the new members was administered by the IoD’s 1st Vice President, Chief Chris Okunowo. Earlier in the evening, the Chairman of the Governing Council of the institute, Alhaji Ahmed Rufai Mohammed had enjoined the new members to proactively imbibe and practice the core values of corporate governance, which guarantees sustainable competitiveness and success for corporations. He encouraged the inductees to engage in continuous learning and self-development to remain assets to their companies and the country.
The guest speaker of the event was Dr. Andrew Nevine, who holds a PhD in Economics from Harvard, an MA in Philosophy and Politics from Oxford University as well as a BA in Computer Science and Mathematics from the University of Western Ontario, Canada. He is the Chief Economist at Pricewaterhousecoopers (PwC) West Africa. Dr Nevin who celebrated the private sector in Nigeria as the driving propeller of the nation’s economy, itemised eight technologies which he said every 21st century director needs to be aware of. These include Cloud Computing, Artificial Intelligence (AI), 3D Printing, Drones, Virtual Reality, Internet of Things, Robotics; and Block chain. He stated that every director need to be aware of these tools and engage them to enhance personal capacity for corporate utilization and success.
The highlight of the ceremony was the presentation of Certificates of Membership in different categories to the inductees.
The Institute of Directors (IoD) Nigeria was established in 1983 primarily for the professional development of leadership personnel, values and skills for the successful growth and management of companies and the society. In 1997 the IoD Nigeria got officially affiliated to the IoD United Kingdom which was founded in 1903. The IoD Nigeria, as a prime leadership forum, enjoys the support of core market institutions, such as the Securities and Exchange Commission (SEC), the Nigerian Stock Exchange (NSE), the Financial Reporting Council (FRC) of Nigeria, the Corporate Affairs Commission (CAC) as well as international multilateral organisations, such as the International Finance Corporation (IFC). The IoD Nigeria was admitted as a member of the African Corporate Governance Network (ACGN) in February 2014.
Mr. Akin Fanimokun of the First Bank of Nigeria Plc gave a vote of thanks to the IoD on behalf of the new members, pledging that they would be responsible and worthy ambassadors of the respected IoD at all material times.