Qualifications Dates:
Duro Oye-Doyin Primary School Ijesha-Tedo, Lagos.
Primary School Leaving Certificate 1979 -1985.
Ijesha-Tedo Boys Secondary Ijesha- Tedo, Lagos ..
Secondary School Leaving Certificate (SSCE) 1985 - 1989.
Ambrose Alli University (Edo State):
BSc Accounting (Second Class Upper Div.) 1990 -1995.
University of Benin:
Masters in Banking and Finance 2005.
Professional Qualifications Dates:
- Fellow of the Institute of Chartered Accountants of Nigeria (FCA).
- Fellow of the Institute of Finance & Control of Nigeria (FIFCN).
- Fellow Institute of Government Research & Leadership Technology.
- Chartered Institute of Taxation of Nigeria .
Academic Awards & Honours Dates:
- Best Graduating Student Dept. of Accounting, Edo State University 1995.
- Best Student in Intr. to Bus. Methods Ijesha-Tedo Boy School, Lagos 1989.
- Award of Excellence by Ambrose Alli University Alumni Assoc. 2010.
- Award of Excellence by Niger Delta Student 2011.
- Award of Excellence by AAU Accounting Students Association 2012.
His primary and secondary school education were in Lagos from 1979 to 1989. Thereafter, he gained admission into the then Bendel State University (now Ambrose Alli University Ekpoma, Edo State) in 1990 where he studied Accounting. John graduated with a Bachelor’s Degree with second class upper division.
In 1996, He served the nation under the National Youths Service Corps (NYSC) scheme in Takum in Taraba as a school teacher. During this period, John had the first-level opportunity to contribute his quota to nation building in various capacities.
His love for Accounting, finance & management were key factors that endeared him to study a Master degree in Banking & Finance at the University of Benin in the year 2005.
Prior to his appointment as the Commissioner of Finance in 2009; a position that he currently hold till date, John had an exciting career in the banking industry where he served in various capacities at Standard Trust Bank Ltd (now United Bank for Africa), Oceanic Bank International (now Eco Bank), Bond Bank Limited (now Skye Bank PLC) and Skye Bank PLC.
He is a technocrat and a professional with vast experience in all facet of finance from operations to marketing and sales, investor relations, team building, leadership and business development in general.
Adding to the success achieved in the private sector; John has contributed immensely in the last 10 years to the development of Edo State and the nation at large. He is a member of the Commissioner of Finance (COF) Forum at national level and a front line executive in resources management in Edo Sate.
As Chairman of the Commissioner of Finance forum, John was able to bring to national focus the infamous petroleum subsidy fraud as he consistently queried the rationale for subsidy deductions which rose at a geometric pace at the time without adequate controls.
This culminated to a major national discuss which led to the formation of various committees by the government to investigate and re-engineer the process of subsidy payment.
He is the longest serving Commissioner of Finance in Edo state and probably the country at large; holding his position for two tenures (that is, during the first and second term of Ex- Governor Adams Oshiomhole) while the third term is currently ongoing with Governor Godwin Obaseki of Edo state. There is no gain-saying that his level headedness, Competence, Integrity and professionalism are major factors that has helped him retained this position.
Leveraging on his background as a Chartered Accountant and an astute Banker; John has consistently ensured that the state financial dealings are published on a yearly basis and in the last three years, Edo State has maintained the lead as the first state that published her financials coming from the backdrop of a state that couldn’t produced financial statement for 6 years (that is, between 2002 & 2008).
Notable to mention are the sound financial / fiscal reforms, accountability and transparency implemented by John which has seen the Internally Generated Revenue (IGR) of the State grow from an average of N250million to N2billion monthly.
Based on the aforementioned; the World Bank (WB) took interest in the state and John as the COF was also to hold constructive engagement that enabled the state benefit from the WB rare lending window. With this, the sum of US$225million was availed by WB to the state for direct budget support out of which tranche disbursement of $150million has been disbursed and made availed to finance various developmental projects.
As an experienced Commissioner and a core member of the current administration. John Osagie Inegbedion is a part of the various teams in the state that are pushing boundaries for economic prosperity. Some of the initiatives that are currently being implemented are; the $500m Benin River Port, Benin Industrial Park, Edo modular Refinery etc.
John has exceptional entrepreneurial & inter-personal skills which are shown in his day-to-day engagement with all and sundry. These are contributory factors that have enable him retain his position in government for the last 10 years. Notable to mention is his role as the COF in Edo Sate are:
Formulation of the Edo State Economic Development Framework 2010-2020 which introduced the culture of strategy, dialogue and retreats in planning.
Capital Raise – Led, arranged and secured the $225 million concessionary rates development loan from the World Bank which has been a major funding and stimulus for the current infrastructure development initiatives in the state.
Capital Raise - N25 Billion infrastructure development Bond from the Nigerian capital market in 2010.
Hosting successfully sector-based economic summits and policy dialogue series including the power round table in 2010, Education round table in 2011 and 2012 Agribusiness round table.
Secured funding for the State Employment and Expenditure for Results (SEEFOR) projects worth over $350m aimed at financing developmental projects.
Managed both local and international engagement / funding for Long term and capital intensive projects for the State- Power, Refinery, Industrial Park, Roads etc.
|CORE COMPETENCES|
Portfolio Management | Capital Raising | Business Development | Investor Relations | Commercial & SME Banking | Team building & Leadership | Corporate Culture Change | Banking Operations | Transaction Banking | Regulatory Compliance & | Treasury Services| Relationship Management.
Employment History Dates:
-Work Experience in the Banking Industry – 1997 to 2009.
- Standard Trust Bank Limited 1997 – 2001.
- Head of Operations & Customer Service Manager (Warri, Delta State)
- Oceanic Bank International 2001 - 2004.
- Head Credit & Marketing – (Warri, Delta State)
- Bond Bank Limited 2004- 2006.
- Head Credit & Marketing – (Benin City, Edo State)
- Skye Bank Plc 2008- 2009 .
- Senior Manager (Area Manager Benin City, Edo State).
- Honorable Commissioner of Finance (Edo State) 2009 to date .
Originating and executing profitable transactions for retail and commercial customers which include Trade Finance (importation and local purchase) of fast moving consumer goods (FMCG), using risk hedging instruments such as Letters of Credit (LC), Bank Guarantee (BG), Performance Bonds, Payment Guarantees etc.
Asset & working capital finance to provide cutting edge advantage and economies of scale for customers.
Product paper design and implementation in line with set standards to meet financing needs for services companies, contractors, suppliers and trading companies.
Creating quality risk asset to meet the Banks income target through structuring credit facilities for specialized companies and ensuring timely liquidation of same.
Deal origination, execution and documentation in line with the Bank and regulatory standards.
Set Market, business development agenda and directions for specific regions (Edo & Delta).
Marketing the cocktail of different products available to enable customers review available investment options.
Advising customers on the most appropriate investment for their funds depending on their line of business. This includes profitability and risk analysis.
Generating cost effective deposit mix to enhance the Banks operating efficiency and profitability.
Weekly and Monthly review/reconciliation of the group’s balance sheet for quality assurance and monthly performance measurement to reflect actual performance in line with set targets.
Identifying business opportunities in strategic territories to market the Banks consumer products.
Define market plan and create measures to accommodate customer’s needs while building and maintaining successful business relationships.
Secured loans for low-end commercial customers to meet their short-term needs while producing incremental interest income for Bank.
Work Experience in Public Service –
Honourable Comm. Of Finance, Edo State; 2009 to date:
John Osagie Inegbedion is a three time Commissioner of Finance (COF) for 10 years in Edo State; groomed with exceptional skills in finance, management and leadership. He has served in various capacities in the state and his role and responsibilities are pivot to the various developmental projects that have been achieved within and outside the state.
Some of his core functions as the state COF include:
Revenue Generation, expenditure control, funds management, capital raising (debt and/or equity), Investor relations, state master plan, advisory and port-folio management. Notable to mention are the various the various committees that he is part of:
- Chairman State Tenders (Former Member 2009 to 2016).
- Member (Former Chairman Commissioners Of Finance Forum May 2015 to Nov 2016). Federation Accounts Allocation Committee (FAAC).
- Member FAAC Post Mortem Committee Representing South-South Region.
- Member Edo State Executive Council.
- Member Edo State Economic Team.
- Vice Chairman Edo State Task-force on Revenue Generation.
- Vice Chairman Edo State Tax Assessment Review Committee (TARC).
- Member State Budget Planning Committee.
- Member World Bank SEEFOR Projects Steering Committee.
- Member NACOFED Planning Committee Representing South-South.
- Member FAAC Special Task-force on NNPC Reconciliation.
- Chairman Commissioners of Finance Forum (May 2014 To Nov 2016).
- Treasurer Commissioners Of Finance Forum (Oct 2011 To May 2014).
Trainings:
Basic human relation management and interpersonal relationship in work place.
Basic credit analysis and evaluation –Austo and co
Professional Selling Skills- konsultserve mgt. development.
Customer service Improvement
Financial crimes and money laundering- Aglat consult Nigeria limited.
Finance & Credit Analysis
Trade Finance
Team, Leadership & Project Management
Private Equity Strategy in Emerging Market
KYC, Customer Due Diligence and Money Laundry
Research work & Interest:
As part of the requirement to secure his Bachelor’s Degree in Accounting; his research work was centred on “Budgeting as a means of achieving financial objectives in an organisation”. The knowledge learnt from this exercise has contributed immensely in his current role as COF in the State. John is fun to be with and his personal interest include; networking, reading, playing scrabble & watching football.
Clarion Call - To represent Edo Central Senatorial District at the National Assembly:
The call to represent Edo Central Senatorial District at the National Assembly is borne out of the desire of the populace in the region for better representation at the centre stage.
Hence, leveraging on John Osagie Inegbedion experience in both the Private and Public sectors are his veritable tools that will help in changing the narrative and deliver the much needed sustainable growth & development in the district. With this in mind, we therefore call for support from all well-meaning indigenes and stakeholders within and outside the state in the upcoming elections as official Edo Central Senatorial candidate for the Senate under the platform of the All Progressives Congress (APC).
Hon. John Osagie Inegbedion
Hon. COF, Edo State
Nigeria
