THE one survivor of the Jonathan girls is the once embattled Aruma Oteh, the Securities and Exchange Commission boss who stood her ground while others stumbled.
Last week, World Bank President Jim Yong Kim announced her appointment as Vice President and Treasurer of the World Bank, saying, Arunma has deep knowledge of capital markets and tremendous experience as the former Treasurer of one of our partner development bank. We are very fortunate to be able to recruit an individual of Arunma’s obvious caliber.
Prior to joining the Securities and Exchange Commission (SEC) of Nigeria, Ms. Oteh was Group Vice President, Corporate Services, at the African Development Bank Group (AfDB). Earlier roles at the AfDB, which she joined in 1992, included trading room management, investment portfolio coverage, and public sector lending.
In the World Bank, Ms. Oteh will manage and lead a large and diverse team responsible for managing more than $150 billion in assets.
Her top priorities will be to maintain the World Bank’s global reputation, manage an extensive client advisory, transaction and asset management business, engage, in her capacity as one of the World Bank’s key representatives, with outside stakeholders and to collaborate extensively with the Finance Partners throughout the World Bank Group. The appointment is effective on September 2015.
MEANWHILE, a twitter battle ensued between Oby Ezekwesili and CNBC Africa, which had announced Aruma Oteh’s appointment by refering to her as Africa’s first female World Bank vice president.
The TV Station, which later apologised, had described Arunma Oteh as the first African woman to be appointed vice president of the institution.
World Bank gets its first African woman vice president, the TV station had tweeted but Mrs. Ezekwesili was quick to point out the error in the tweet, suggesting that the TV station could have used google search to get its facts right.
Commentators had then mentioned the names of Ngozi Okonjo Iwealla and Oby Ezekwesili, to which CNBCA had replied, @NOIweala was Managing Director of the World Bank @obyezeks was VP of African region not VP of World Bank.
That prompted Mrs. Ezekwesili to school the station and blogosphere on a little lesson in civics, and the number of African women that have been appointed vice president of the financial institution:
If only @cnbcafrica will stop digging into a hole. Arunma’s great World Bank appointment was inaccurately conveyed.
Just say “It was a mistake” and move on. VPs are VPs of the World Bank for different Bank UNITS. Frannie Lautier a Tanzanian : VP- World Bank Institute. Ngozi O-Iweala VP/Corporate Secretary. Oby- VP, Africa Region. Arunma- VP/Treasurer.
Tail between legs, the tv station tweeted, At CNBC Africa, we celebrate the success of all extraordinary African Women. Sometimes our enthusiasm gets ahead of ourselves. It also added that it loved seeing African women progress and that the error might have been due to its overzealousness
To which Oby replied most gallantly: You were long forgiven! Just inform more accurately. That’s all.