After rejecting Nigeria, Okonjo-Iweala bags BIG appointment

– The Asian Infrastructure Investment Bank (AIIB) has appointed former finance minister Ngozi Okonjo-Iweala as a a member of its international advisory panel

– The AIIB announced the appointment on Friday, October 21 and explained that part of Okonjo-Iweala’s job is to advise the bank on how to go about its strategies

Just weeks after rejecting proposals from to take up an appointment in the President Buhari administration to stop the economic recession, former finance minister Dr. Ngozi Okonjo-Iweala has landed a job in Asia.

Daily Trust quoted the News Agency of Nigeria as reporting that Okonjo-Iweala’s new job is in Asia where she has been appointed a member of the international advisory panel of Asian Infrastructure Investment Bank (AIIB).

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Mr Song Liyan, AIIB Senior Communication Officer, in a statement made available to newsmen on Friday, announced that Okonjo-Iweala would join 10 other key persons on the panel.

“The Panel provides impartial, objective and independent advice to the President, allowing the Bank to benefit from the international experience and expertise of panel members,” Liyan said.

The statement also quoted AIIB President Jin Liqun as saying that Okonjo-Iweala’s job alongside other panel members is to advise the bank on the development of its strategy.

“It is a great honour to convene such an experienced and diverse group of international leaders to advise on the development of the Bank’s strategy.

“I have no doubt that the advice the panel provides will help shape the development of the Bank in the years ahead.

“I could not ask for a better group of ambassadors to help promote our new Bank to the world,” Jin said.

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Other members on the panel alongside Okonjo-Iweala are former Timor-Leste finance minister Emilia Pires, former World Bank chief economist Nicholas Stern and former Japanese Prime Minister Yukio Hatoyama, Global Foundation secretary-general Steve Howard.

Also included are Korea National Diplomatic Academy chair professor and former South Korean deputy prime minister and strategy and finance minister Dr Oh-Seok Hyun.

Former U.S. ambassador Paul Speltz and London School of Economics professor and former Hong Kong chief executive Tung Chee-Hwa are the remaining panel members.

Recall that Ngozi had refused to join the government of President Buhari despite calls from prominent Nigerians to do so for the sake of the Nigerian economy

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