EQUIPMENT Leasing Association of Nigeria, ELAN, recently held its 23rd Annual General Meeting, AGM, in Lagos, to assess its activities and initiatives in 2017 and elect  new members into the Board of Directors.

Mr. Olutoyin Okeowo, Managing Director/CEO Metropolitan Motors Limited, emerged as the Association’s new chairman. He took over from Chuka Onwuchekwa.

Other elected members  included Elizabeth Ehigiamusoe (Mrs), Managing Director/CEO Micro Investment Support Service Limited (Vice Chairman); Christian Chigbundu, Managing Director/CEO Coscharis Mobility Limited; Bode Dinyo, Managing Director/CEO Mint Seal Services Limited; Tunde Netufo, Managing Director/CEO Frontline Trust Limited; Andrew Otike-Odibi, Managing Director/CEO C&I Leasing Plc; Adegboyega Adegun, General Manager Corporate Banking, Sterling Bank Plc and Alfred Okugbeni, Managing Director/CEO Nigerian Sinotrucks Limited.

In his acceptance speech, Okeowo said: “Essentially, efforts shall be directed towards implementation of the Equipment Leasing Act, ELA, 2015, especially the inauguration and kick off of the Equipment Leasing Registration Authority, which would further facilitate the contribution of leasing to national economic development, promising to promote the visibility and relevance of leasing to the Nigerian economy.”


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