The NCDF group appoints Mr. Nicholas John Connell as gr …

[Press Release] The Nigerian Capital Development Fund (NCDF Group), one of the main development and impact investment financing institutions, is proud to announce the appointment of Mr. Nicholas John Connell as the new CEO of the group and Chief Compliance Officer.

National British born in South Africa, Connell brings to the NCDF group a distinct career in private equity, venture capital and financial risk management, with proven experience in the design and distribution of high impact investment tools in emerging markets.

In this double leadership role, Connell will guide the development and deployment of tailor -made investment vehicles, including debt notes, securities connected to equity and structured products compliant with the AGE, designed specifically to satisfy the most urgent development priorities of Nigeria.

With a mandate that brings innovation and regulatory compliance, Connell is accused of aligning the different NCDF investment offers with the Nigeria della Nigeria regulatory framework (sec), while guaranteeing that each financial product offers socially regulated returns from the risk for investors. Its supervision will include the development of the prospectus, the strategic placement partnerships and the institutional commitment of investors, positioning the NCDF group as a trusted gateway for the mobilization of inclusive capital in Africa.

“The appointment of Mr. Connell marks a strategic flex point for the NCDF,” said Hareter Babundde Oralusi, president and CEO of NCDF Group. “Its international competence and the profound understanding of the financial structure will allow us to unlock new capital flows, deepen the trust of investors and translate our mission into practicable and scalable financial instruments that feed the sustainable economic growth in Nigeria.”

As CEO of the group and responsible for compliance, Connell will also guide the efforts to strengthen governance, transparency and institutional resilience through the NCDF operating portfolio. Its role is fundamental in balanced innovation with fiduciary liability, ensuring that every project supported by NCDF satisfies rigorous criteria both for profitability and for the measurable social impact.

Commenting on his appointment, Connell said: “I am honored to join the NCDF group in a moment of extraordinary opportunity. The panorama of Nigeria’s development is full of potential and I can’t wait to work with our talented teams and partners to structure the investments that guide the impact, unlock prosperity and inspire trust and inspire African trust.”

With Nicholas John Connell at the helm of its investment strategy and its compliance framework, the NCDF group is ready to accelerate its mission to build a resilient Nigeria, inclusive and full of opportunities through intelligent capital and innovative partnerships.

E-firm
Tajudeen Kareem
Executive director, public affairs

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