Coronation Capital, a Lagos-based African private equity firm founded by a former Access Bank CEO, Mr. Aigboje Aig-Imoukhuede has hosted its inaugural investment committee meeting.
The committee is made up of three internal directors and two external advisors. They are Aigboje Aig-Imoukhuede (Founder and Chairman); Charles Ogunwumi (Chief Operating Officer); Ahovi G. Kponou (Chief Investment Officer); Ernest Ebi (external advisor, and former Deputy Governor of the Central Bank of Nigeria) and Arthur Arnold (external advisor and former CEO of FMO, the Dutch Development Finance Institution).
Established as a specialist investment firm for Africa, in Africa, to leverage the power of capital for long term development in Nigeria and sub-Saharan Africa, Coronation Capital focuses on making long term and sustainable investments in the financial services, digital technology, oil and gas and real estate sectors of the economy.
The investment committee reviews and advises Coronation Capital on the investment decisions that it makes and helps to instill high standards of corporate governance and best practice.
Speaking about the role of the advisory panel, Aig-Imoukhuede said: “I am a committed adherent to high standards of corporate governance and best practice. With these two basic principles in place, and a healthy dose of patience, we can build sustainable investment strategy that delivers a return for all.
“I’m particularly happy to be introducing the investment committee today, as not only is it a key pillar in our corporate structure, but the credibility and experience of its members and the vital role the independent members play are a manifestation of our core values. I would like to thank all the members, and in particular Arthur Arnold and Ernest Ebi, for agreeing to participate and look forward to working with them.”