Dr. Mahmoud Isa-Dutse has been appointed Chairman of the Board, Citibank Nigeria Limited (Citi) following the retirement of Dr Shamsuddeen Usman, CON, OFR.
Dr. Isa-Dutse joined the Board of Citibank Nigeria Limited in August 2024 as an Independent non-Executive Director. Dr Usman was appointed to the board of Citibank Nigeria Limited in 2017.
He served with distinction and has been instrumental in enhancing the bank’s strategic direction, fostering innovation, and sustainable growth. His unwavering commitment to excellence, corporate governance and stakeholder value has left an enduring legacy.
Reflecting on his tenure, Dr Usman expressed confidence in the leadership transition stating, “I am proud to have contributed to Citi’s 40-year legacy in Nigeria and what Citibank Nigeria Limited has achieved during my tenure.
I want to express my gratitude to my fellow board members, shareholders, leadership and team for their commitment and resilience. I know Dr Isa-Dutse will bring fresh perspectives and strong board leadership to steer the bank toward continued success. He has the vision needed to provide oversight as the bank builds on its strong momentum.
Dr Isa-Dutse has a deep understanding of both banking operations and financial regulatory frameworks and is committed to enhancing governance and strengthening Citi’s role in economic growth and financial inclusion.
Speaking on his appointment, Dr Isa-Dutse expressed enthusiasm about leading the Board.
“I am honoured to assume the role of Chairman and look forward to working with the distinguished Board, and dynamic leadership team, to drive innovation, enhance Citi’s client experience, and create long-term value for the communities we serve.
The bank is well-positioned for growth, and I am excited to contribute to its continued success.” Commenting on the transition, Mrs Nneka Enwereji, MD/CEO of Citibank Nigeria Limited said, “I want to sincerely thank Dr Shamsuddeen Usman.
Under his leadership, Citi achieved significant progress and resilience in the face of industry headwinds. His strategic insights and dedication to excellence have been instrumental in strengthening our position as a bank.
As we move forward, we remain confident in the future under the leadership of Dr Isa-Dutse as Chairman of the Board. His extensive private sector and public sector experience will enrich the board’s perspective and help shape the bank’s future”.
Dr. Isa-Dutse is a seasoned financial expert and corporate leader with over three decades of experience spanning both the private and public sectors. He brings a wealth of expertise in corporate governance, banking strategy, and regulatory compliance.
Dr. Isa-Dutse has held executive and board positions in key corporate and financial institutions, including Continental Merchant Bank Nigeria Ltd, Guaranty Trust Bank Plc, United Bank for Africa Plc, Access Bank Plc, Northern Nigeria Flour Mills Plc, and Emerging Africa Infrastructure Fund (EAIF)
Citibank Nigeria Limited Appoints Dr. Mahmoud Isa-Dutse as Chairman of the Board Beyond the private sector, Dr. Isa-Dutse has significant experience in the public sector.
He has worked closely with government agencies, central banks, and international financial institutions, contributing to financial system stability policies, banking regulations, and economic development programs.
He is currently on the Board of the Islamic Development Bank, Jeddah where he represents Nigeria on the Executive Board.
He was the Permanent Secretary, Federal Ministry of Finance, Nigeria from November 2015 to September 2020 and was the representative of the Ministry on several boards including the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company (NNPC), Nigeria Investment Promotion Council (NIPC), Nigeria Extractive Industries Transparency Initiative (NEITI), and Niger Delta Development Commission (NDDC).
Dr. Isa-Dutse also served at various times as Alternate Governor on the boards of The World Bank Group, African Development Bank, ECOWAS Bank for Investment and Development, and International Fund for Agricultural Development.
He was also a director on the boards of African Export-Import Bank and the OPEC Fund for International Development between 2015 and 2020.
Dr. Isa-Dutse holds a Ph.D. in Business Administration from the Manchester Business School, University of Manchester, United Kingdom.
He is an alumnus of Wharton Business School, University of Pennsylvania, Philadelphia, USA where he earned his MBA.
Make He obtained a B.Sc. in Economics from the Ahmadu Bello University, Zaria, Nigeria. Dr. Isa-Dutse is a fellow of the Chartered Institute of Bankers of Nigeria.
As Citi embarks on this next chapter, it remains focused on helping clients navigate challenges and embrace the opportunities of our rapidly changing world. This is fundamental to the bank’s mission of enabling growth and economic progress.
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States.
Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.
