InfraCredit appoints Shobo independent non-executive director

InfraCredit has announced the appointment of Vivien Shobo to its board of directors as an independent non-executive director, effective 29 January 2021. 

Shobo is the Chief Executive Officer of FVS Advisory Partners. Before the new appointment, she was the Chief Executive Officer of Agusto & Co, Nigeria’s foremost Credit Rating Agency, a position she held for over a decade, until December 2019.

Shobo has extensive experience as well as macro knowledge of the industry. Agusto & Co successfully rated a diverse range of transactions under her leadership, including most of Nigeria’s leading domestic and international banks, notable corporates, subnational governments, and significant debt capital issues.

As part of her contribution to the Nigerian financial market development, Vivien previously served on several Securities and Exchange Commission’s committees, including the financial literacy master plan committee (a blueprint for the development of the Nigerian capital market), the fixed income sub-committee, and the investor confidence sub-committee.

Shobo was the chairperson of the association of Credit Rating Agencies of Nigeria from inception in 2010 to December 2019.

In September 2020, Shobo was chosen by the African Banker Awards Committee, as the winner of African Banker Icon Award, in recognition of her exemplary career and work at the helm of Agusto & Co, which was described as “truly pioneering and has helped transform capital markets in Nigeria and beyond”. Shobo has a B.sc (Hons) from the University of Benin, Nigeria, and an MBA (Finance) from the Manchester Business School, UK. She is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and is a frequent speaker at domestic and global African capital market conferences. 

Speaking on Shobo’s appointment, Chairman, Board of Directors, InfraCredit, Uche Orji, said: “After a diligent search and rigorous process, on behalf of fellow directors, I am excited to welcome Vivien Shobo to the Board of InfraCredit as an Independent Non-Executive Director. Vivien is a renowned risk management and capital market professional, with over three decades hands-on experience in credit risk management, financial advisory and assurance. Her strong knowledge of the Nigerian markets and governance practices would be invaluable to InfraCredit as we grow the business and deepen our mission of unlocking long term capital for infrastructure development in Nigeria”. 

The Chief Executive of InfraCredit, Chinua Azubike, noted; “Ms. Shobo comes with a rich experience in risk management and corporate governance, having worked successfully with large and mid-cap corporates across varying sectors. She brings on-board her independence and complementary skills, which should strengthen our Board’s oversight, as we diligently execute our strategies to create value for all stakeholders.”

“Given its prominent role in Nigeria’s infrastructural development, I am extremely delighted to join the InfraCredit’s Board and contribute my own quota to nation building”, Shobo said.