By Chris Kay
·
Former minister in
Jonathan’s government will focus on
bank's sovereign advisory group
Lazard
Ltd. hired former Nigerian Finance Minister Ngozi Okonjo-Iweala as a
senior adviser after the government of Goodluck Jonathan was voted out of
office in an election earlier this year.
Okonjo-Iweala,
61, most recently co-ordinating minister for the economy and finance from 2011
to May 2015, will join as a senior advisor focusing on the bank’s sovereign
advisory group, Lazard said in a statement on Monday.
“She
will bring a unique international expertise and experience that will benefit
both our sovereign and corporate clients,” Matthieu Pigasse, Lazard’s global
head of mergers and acquisitions and sovereign advisory, said in the statement.
In an
earlier stint as finance minister of Africa’s largest oil producer between
2003 and 2006, Okonjo-Iweala spearheaded talks that led the Paris Club group of
creditors to write off $18 billion in debt. The Harvard University-educated
economist resigned from the cabinet in August 2006 after a demotion by former
President Olusegun Obasanjo. In her more recent stint under Jonathan, she
battled to cut government spending and bring order to an opaque fuel-subsidy
payment system.
Jonathan’s
government lost the March election to former military ruler Muhammadu
Buhari, who has vowed to end corruption and crush a militant insurgency in the
northeast.
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