Veritas Kapital Assurance appoints Nahim Abe Ibraheem as Board Chairman

Veritas Kapital Assurance has notified the Nigerian Exchange Limited (NGX) and the investing public of the appointment of Mr. Nahim Abe Ibraheem as the new Chairman, Board of Directors of the Company.

This is following the resignation of Mr. Thomas Etuh as Chairman and member of the Board of directors of the Company.

Mr. Nahim Abe’ Ibraheem holds a B.A History from the University of Lagos obtained in the year 1989. He joined Orbit Communications as a manager in 1990, after which in 1995 he established Soveran Nigeria Limited a specialty procurement and petroleum product Distribution Company based in Lagos, a company he currently chairs.

He is also the Chief Executive of Euronat Nigeria Limited a major indigenous oil product exporting company with principal products such as crude oil, condensate and fuel oil through the Nigerian National Petroleum Corporation and Nigeria LNG. He has over 25 years of cognitive experience in various fields of business ranging from the finance, upstream and downstream oil trade sector, as well as procurement and manufacturing.

He has represented V.Ships Monaco S.A the largest ship management company in the world in Nigeria and was part of the team that provided ship management and manpower services to the Shell Bonga, Caverton Marine and Nigeria LNG.

He was also the country adviser for Africa Merchant Bank (A Banque Belgolaise S.A/Fortis Bank Group Subsidiary) from 2000-2006 who were the financial advisers and co- financial arrangers for the funding of Obajana Cement Project for the Dangote Group of Nigeria.

He has also been a mandated adviser for Société Générale Bank France in Nigeria, he currently sits on the boards of Morris Nigeria Limited and Super-phosphate Fertilizers & Chemicals Limited, Veritas Glanvills Pensions Limited and Lighthouse Capital Limited.

He’s attended many training courses and programs both in Nigeria and abroad while he also sits on various board committees in the aforementioned organizations.

He’s a Member of the Institute Of Directors (Nigeria) Petroleum Equipment Suppliers of America (PESA) as well as the Lagos Polo Club amongst a host of others.

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