REVEALED! The implication of Obaseki’s victory (read governor-elect’s profile)

The victory recorded by Godwin Obaseki, the candidate of the All Progressives Congress (APC) in the Edo election is still being celebrated

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– The national vice chairman (south south ) of the party, Ntufam Hilliard Eta, has linked the victory to Governor Adams Oshiomhole

– The APC has also released the complete profile of governor-elect Obaseki to prove he is capable to govern the state

The national vice chairman (south south ) of the All Progressives Congress (APC), Ntufam Hilliard Eta, says the electoral victory recorded by Godwin Obaseki in the governorship election in Edo state is a confirmation that the people want a continuation of the legacies of Governor Adams Oshiomhole.

Eta also commended INEC and the security forces

Obaseki won the election after scoring 319,483 votes against Osagie Ize-Iyamu of the PDP, who scored 253,173 votes.

Eta said Edo people were satisfied with Oshiomhole’s development strides and wants the party to continue to govern the state.

The top party chieftain said, in a statement in Abuja, that the victory was a referendum for the further endorsement of the change mantra and continuity in good governance and improved living conditions for the people.

“By this singular victory, the Edo people have massively scored the APC-led government’s change agenda a pass mark for the numerous development strides that dot the landscape of the state.

“This victory is a reward for good work as well as a seal to endorse the continuation of those good works which are the hallmarks of Governor Oshiomhole,” he said.

He however appealed to the people of the state to support the incoming government to be headed by Obaseki when it finally takes off.

He also expressed confidence that as the chairman of the Edo states Strategic and Technical Action committee who had understudied his predecessor, Obaseki would bring his wealth of experience to bear in expanding the state’s development index.

Eta praised the Independent National Electoral Commission (INEC), the security agencies and other stakeholders for the successes recorded in the conduct of the elections.

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COMPLETE PROFILE OF GODWIN OBASEKI, EDO STATE’S GOVERNOR-ELECT

As released by the APC on Friday, September 30, 2016, Mr Godwin Obaseki was born in Benin City, Nigeria, to the famous and illustrious Obaseki family.

EDUCATION

He had his early education in St. Matthews Anglican Primary School Benin City from where he proceeded to Eghosa Anglican Grammer School, Benin City for his secondary schoool eductaion. He attended the University of Ibadan where he obtained a BA in Classics. Mr. Obaseki attended the Columbia University and Pace University in New York and has an MBA in Finance and International Business. He is also a Fellow of the Chartered Institute of Stock Brokers, Nigeria and an alumnus of the Lagos Business School Chief Executive Program. He was nominated a Global Leader for Tomorrow (GLT) by the World Economic Forum in 2001.

CAREER

Godwin Obaseki began his career over 30 years ago and has established track records in Investment Banking, Asset Management, Securities Trading and the Public Sector both internationally and in Nigeria. He started out in 1983 with Capital Trust Brokers Limited Lagos as a stockbroker where he excelled and subsequently worked with International Merchant Bank (an affiliate of First Chicago Bank). In 1988 he joined AVC Funds Limited, Lagos where he served as a Project Manager and led the core team that set up two of the new generation banks which eventually reshaped the face of the banking industry in Nigeria. Between 1993 and 1995 he worked in New York as a principal of Equatorial Finance Co, a Financial Advisory firm with a focus on Africa and providing Structured Trade Finance for African related transactions through credit, financial advisory and risk insurance.

He Founded Afrinvest West Africa Limited (formerly Securities Transactions & Trust Company Limited (SecTrust)) in 1995 as the pioneer Managing Director. The firm has since grown to become a leading Investment Banking and Investment Management firm in Nigeria. In 1995 SecTrust was appointed the correspondent stockbroker for Nigeria by the International Finance Corporation (IFC). In 1996, SecTrust established the first derivative product, the Nigerian International Debt Fund (NIDF) on the Nigerian Stock Exchange, which allowed Nigerians invest local savings in US Dollar instrument. This fund has outperformed projections on returns.

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Governor-elect for Edo state, Godwin Obaseki

SecTrust pioneered and was local adviser on the first global offering by a Nigerian bank through the issuance of Global Depositary Shares (GDS) to raise UD$50 million from the international Capital market. Afrinvest has acted as advisers on some of the largest and most significant transactions in the Nigerian capital market since 2005.

Afrinvest is one of the most trusted advisory firms in the domestic corporate finance market, pioneering major innovations and providing leadership in the Nigerian Securities market. The Firm has advised on numerous landmark transactions including the first Eurobond Issue by a Sub-Saharan Africa Corporate (outside South Africa); the first ever simultaneous merger and tender offer transaction in Sub-Saharan Africa and the largest ever listing on the Nigerian Stock Exchange. Afrinvest has been ranked as a major Investment Research firm which is at the forefront of playing instrumental roles in the introduction of new financing products such as Eurobonds and Global Depository Receipts to Nigerian Companies. Mr. Obaseki is presently the Chairman of the Board of Directors of the firm which won the Best Asset Management Firm in Nigeria (2014) Award by the Wealth & Finance International Magazine Finance Awards.

Mr.Godwin Obaseki served as the Chairman of the Edo State Government’s Economic and Strategy Team (EST), a position he has held since March 17, 2009 Pro bono publico.

Key achievements as chairman of the economic team of Edo state Government include:

Documentation of State Economic Development framework through Sectors’ Strategic Planning which is reviewed and updated on an ongoing basis;
Introduction and enculturation of retreats as a platform to ensure all parties engagement not only in planning and executing state development initiatives but also in monitoring and evaluation of outcomes;
III. N25 Billion Infrastructure Development Bond from the Nigerian Capital Market in 2010;

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$225 Million Concessionary rates Development Loan from the World Bank with the 1st Tranche of $75 Million already accessed;
Successfully hosted Sector based Economic Summits and Policy Dialogue Series including the Power Round Table in 2010, 2011 Education Round Table and 2012 Agribusiness Round Table.
These summits have translated in measurable and desired outcomes including:

1. Azura-Edo IPP project with over $1 billion in FDI currently under development in Ihovbor, Uhunwode LGA

2. Education Reforms which have translated to significant improvement in Educational Infrastructure and student performance in WAEC and other Exams.

3. Following the 2012 Agribusiness Summit, the state attracted investment in the Rubber Sub-sector for the development of the single largest Rubber Plantation project in Nigeria in Sokponba in Orhiomwon LGA under a privately developed and financed initiative;

4. A framework for Local Economic Empowerment through out-growers schemes is being finalised to attract funding into the development of key crops for which Edo State has natural endowment including Oil Palm, Rubber, Cassava, Cocoa, Rice and other grains.

Other Committee activities in Edo State Government include;

Tax Assessment Review Committee for Edo State Internal Revenue Service (TARC) – Chairman

Committee on Micro, Small and Medium Enterprises (MSME) – Chairman

Committee on the Implementation of the Law Establishing the Edo State University of Science and Technology, Uzaire – Secretary

Committee on Contributory Pension Scheme – Member

Edo SEEFOR/DPO Steering Committee – Member

Committee on the Report of the Audit of the Credentials of Teaching Staff in Public Schools in Edo State.

Land Use Charge Committee – Chairman

State Steering Committee on the European Union Assisted Niger-Delta Support programme (NDSP) Component 3 (Development of Edo State Water & Sanitation Policy and Law.

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