C&I Leasing Plc has announced the retirement of is GMD/CEO, Mr. Andrew Otike-Obidi. In a disclosure filed with the Nigeria Exchange (NGX) on Tuesday, C&I Leasing Plc announced the retirement of its Group Managing Director and CEO, Mr. Andrew Otike-Obidi effective from 31st December 2021.
The company, through the notice signed by the company secretary, Mbanugo Udenze & Co, notified the shareholders and investing public of the change in management. Following the resignation of the MD/CEO, the company appointed Mr. Ugoji Lenin Ugoji, who prior to now was the company's Chief Operating Officer, to succeed the outgoing Managing Director. Mr. Ugoji's appointment as Group Managing Director/CEO takes effect from January 1st, 2022. Other appointees include Mr. Alexander Mbakogu and Mr. Okechukwu Nnake, both appointed as Chief Operating Officer/Group Deputy Managing Director and Chief Finance Officer, respectively. All appointments are effective January 1st, 2022. About the new Group Managing Director/CEO Ugoji holds a Bachelors' Degree in Estate Management from the University of Lagos, and an MBA in Banking & Finance from the ESUT Business School, Enugu.
He is also a Chartered Pension professional, and an associate of the Certified Pension Institute of Nigeria. According to the notice, Ugoji joins C&I Leasing with over 20 years experience in Commercial/Investment Banking, Leasing, and Asset Management. His last assignment was with The Mellanby Trust Company, a Commodity focused Asset Management Company registered with the Securities & Exchange Commission (SEC), where he was a founding Director and the Chief Investment Officer responsible for directing the company's Investment Portfolio structure for purposes of its corporate and individual clients. Ugoji's extensive experience in the Leasing Industry commenced in 2005 as a Pioneer member of the Aquila Capital Group where he served as the pioneer Group Head Treasury & Wealth Management.
He was responsible for creating the Group's, Equipment Leasing focused Funding and Investment structure, which was targeted at attracting Capital from Private Equity, Foreign Development Financial Institutions and Local sources. From 2010 to 2015, he served as the pioneer Managing Director for 'Aquila Asset Management Ltd', a Management Buy-Out firm from the Aquila Group. Prior to his time at the Aquila Group, Ugoji worked at Continental Trust Bank (now UBA) and NAL Bank Plc (now Sterling Bank) in the Treasury, International Operations and Domestic operations groups respectively.
