Banking Business

NESG Gets New DG


Mr Laoye Jaiyeola has been appointed the new Director General of the Nigerian Economic Summit Group (NESG).

Jaiyeola takes over from Frank Nweke II, who retired in November 2014 after six years of service the DG and now a senator.

Jaiyeola was appointed to pilot the affairs of the group after being ratified by the board of the organisation in March 2015, after his retirement as the Managing Director of Kakawa Discount House.

He served at the Discount House for 20 years.

He has more than 15 years’ experience in the summit process, running through the policy commissions, the central and joint planning committees of the annual summits.

Until his appointment, he was a serving member of the board NESG.

He was president of the Money Market Association of Nigeria (MMAN), now Financial Markets Dealers Association (FMDA), from 2001 to 2003.

He was a member of the governing council of the FMDA until his recent appointment.

He also became the president of the Chartered Institute of Bankers of Nigeria (CIBN) from 2010 to 2012 where he is a fellow of the institute.

Jaiyeola is a graduate of Economics from Obafemi Awolowo University, Ile-ife, and holds a master’s degree in Banking and Finance from University of Lagos.

He is also a chartered banker with MBA from Bangor University Wales, United Kingdom.

He is a member, Chartered Institute of Bankers, Scotland, and a fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

Furthermore, Jaiyeola is an alumnus of the Lagos and Harvard Business Schools.

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Ihesiulo Grace

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