Akin-Olugbade takes final bow from AFC
ADESEGUN AKINOLUG BADE, the long serving pioneer general counsel of the Africa Finance Corporation has finally made take his exit from the development finance institution.
Akin-Olugbade, who holds a doctorate degree, is believed to have made a last play to for the chief executive position following the completion of the tenure of erstwhile CEO, Andrew Alli, but lost out to the eventual appointee, Samalia Zubairu.
During his time, he was regarded as being influential in the affairs of the corporation and bestrode himself like a colossus, with many believing that if the position was not tenured, he would have wanted to serve another term, and another term, and another term.
In a statement put out by the AFC, it simply said it was announcing “the departure of Akin-Olugbade at the end of his contractual term on 31 December, 2018 after 11 years of meritorious service to AFC, as pioneer general counsel and corporate secretary (2007-2008), executive director corporate services and general counsel (2009-2014) and executive director chief operating officer and general counsel (2015-2018).”
The organisation attributed to him contributions he made to the institution’s earned “enviable reputation in the infrastructure space internationally,” adding that as a member of AFC’s executive committee, Akin-Olugbade played a key role in the AFC’s adoption of strong corporate governance principles, systems and structures, the expansion of its country membership, as well as contributing to the growth of its balance sheet from $1.1 billion to $4.3 billion with operations in 28 African countries and the attainment of investment grade credit rating by the corporation.
Current CEO, Samaila Zubairu said: “We thank Adesegun for the key role he played in the evolution and growth of AFC to a leading multilateral financial institution on the continent and wish him every success in his future endeavours”.