BOARD OF DIRECTORS

Mr. Jide Ogundare is the founder and managing director of MBO Capital Management Limited (MCM), a private equity firm that invests in small to medium-sized companies in Nigeria and the rest of Anglophone West Africa. 

In addition to leading the executive team at MCM, he serves as a director of AfyaCare Nigeria Ltd, a company that invests in healthcare assets, and as a director of Retail Supermarkets Nigeria Limited (operator of Shoprite stores in Nigeria). Both companies are portfolio companies of MCM.

Prior to founding MBO Capital in 2012, Jide was an Executive Director and Head, Retail Banking Division of Guaranty Trust Bank Plc (GTBank), a leading African Bank with Nigerian roots where he worked for 21 years. 

His areas of expertise include corporate governance, transaction structuring, policy & procedure development, client & investor relations, and performance improvement.  Jide also serves as chairman of the boards of Eko Development Company Ltd, The Payment Services Company Ltd, Primera Microfinance Bank Ltd, and Fountain Holdings Ltd, as well as a member of the board of Nosak Farm Produce Ltd. He previously served on the boards of GTBank Plc. and GTBank Sierra Leone Ltd. 

He holds an MBA from Cardiff Business School and a first degree in Law from the School of Oriental and African Studies (SOAS), University of London. Jide was called to the Nigerian Bar in 1987.
 

Boye is an accomplished business leader with broad domestic and international experience spanning over 20 years. He is the founder and current Group Managing Director of Primera Africa Group (PAG), where he provides overall fiscal, strategic and operations leadership to all the businesses within the Group.

Prior to setting up PAFG, Boye worked at Afrinvest West Africa Limited where he held several roles including Chief Strategy Officer of the firm and Co-head of its Investment Banking group. Before Afrinvest, he worked in the Mergers & Acquisitions (M&A) group at UBS Investment Bank in New York, USA where he executed transactions in various sectors including healthcare, industrial and consumer products. He also worked in the Debt and Equity Capital Markets desk at Merrill Lynch in New York, USA.

Boye holds a B.B.A. Finance degree from Howard University, Washington, D.C. USA.

Lilian Olubi, a seasoned finance and investment professional with over twenty years of Capital Markets experience is currently the CEO of EFG Hermes Nigeria Limited.

She co-founded and served as Chief Executive Officer of one of the group’s subsidiary companies, Primera Africa Securities Limited, which provided Equities, Fixed Income Trading, and actionable investment research to its Domestic and International clients and is a member of the Board of Directors of Primera Africa Group.

Lilian began her Securities trading career at CSL (a member of the FCMB group), working in various capacities spanning Operations, Investment Management, and Research before joining the Sales & Marketing team. 

Prior to Primera Africa Securities, she worked at Afrinvest (West Africa) Limited as Head of its Private Client Services overseeing the marketing functions and initiatives across its branches and was instrumental in refocusing the firm's retail business. 

She is a Chartered Stockbroker and Authorized Dealing Clerk of the Nigerian Stock Exchange, an Associate of the Chartered Institute of Securities & Investments UK, and Certified Pensions Institute of Nigeria. 

Oboden Valentine Ibru is currently the Deputy Managing Director of Proton Africa Holding Limited, a group holding company for a power generation company. Oboden started his career at Oceanic Bank International in 1990, and over 20 years, acquired high-level operational expertise within the Banking sector becoming the ED/COO of Oceanic Bank in 2004 and then as the founding MD/CEO of Oceanic Capital in 2007. After leaving Oceanic Group in 2010, he has utilised his Corporate Finance expertise to invest in, consult and project manage numerous initiatives in areas such as Finance, Oil & Gas Upstream, Oil & Gas Midstream, Dredging, and Power Generation.

He currently sits on the Boards of Midwestern Oil & Gas Limited, Metro Health HMO Limited and other Ibru Family-owned companies. He has also sat on the boards of Oando Plc, Business Day Media, Aerocontractors Company of Nigeria Limited, to name a few. He holds an MBA from the International Graduate School of Management (IESE) Navarra, Spain, a B.Sc. Finance, and B.Sc. Decision Sciences from the University of San Francisco, California, USA and is a Fellow of the Institute of Directors. 

Mr. Riad Joseph Baloukji currently serves as the Group Managing Director of Boulos Group of Companies. He started his career with the Boulos Group of Companies which consists of 3 major enterprises: Boulos Enterprises Limited (BEL) which is a leading distribution and trading company for commercial motorcycles, power bikes, tricycles and out board motors in Nigeria Incorporated in 1964, BEL PAPYRUS limited (BPL) which handles the paper operations and Bel Impex Limited (BIL), the converting arm of the Paper mill operations, which was incorporated by the Boulos Group in 2001.

Riad is a commercially experienced, business focused and trained electrical engineer. He is skilled at leading large companies in multi-locations with multi-cultural teams to design, build, restructure or manage complex and start-up operations in order to improve profitability and sustainability.

With over 20 years of track record as leader and builder of companies across sectors, Riad possesses Board level executive experience, managing budgets, investments and implementing large enterprise change projects as well as mergers and acquisitions.

Riad has great wealth of international experience gained across the Middle-East and Africa with strong exposure in West Africa.