Abba Kyari Joins Equity Assurance


The management of Equity Assurance Plc has announced the appointment of Abba Kyari as an Independent Director on its board. Abba Kyari is apparently the Chief of Staff to President Muhammadu Buhari will ‘He brings on board his wealth of experience from some leading companies and multinationals’ the company said

According to a full disclosure by the company, Abba Kyari is currently the Managing Director/CEO of Central Securities Clearing System Plc (CSCS). As the Managing Director/CEO of CSCS, the Central Securities Depository for the Nigerian Capital markets, he was instrumental in the transformation of the company from an entity that had a dysfunctional culture to a customer-centric, efficient and resourceful organization.

In the five years that he has been the CEO, the company’s profitability went up by more than four and half fold. He was also appointed the Chairman of Board of Directors of the Nigerian Economic Summit Group (NESG) in May 2015 after being on the Board for about six years. He represented the Organized Private Sector in the Nigerian National Conference in 2014 where he served in the Committee in charge of Economy, Trade and Investment.

As Managing Director/CEO of ValuCard Nigeria Plc (now Unified Payments System), Mr. Bukar led the company owned by a consortium of Nigerian Banks and Visa Inc to promote the deployment and adoption of Visa products in Nigeria. He rejuvenated a company which from inception had never turned a profit into a highly profitable entity by instituting the right business model, processes and recruiting the right people in achieving a culture of professionalism, customer service, excellence and dependability.

As a member of the Board and Executive Management for FSB International Bank (Fidelity Bank Plc), he was instrumental in driving the electronic banking franchise from an average player to a market leadership position. As a member of Hewlett Packard’s Senior Management team, he had proven record of achievements in managing technical and marketing programs in a new business from start-up to profitability.

He successfully led and implemented a world corporate level IT initiative as part of overall company-wide reinvention resulting in $85 million annual cost savings. He was also involved in the development and manufacturing of many HP products, including inkjet technology products, hp laptops and some of the later scientific calculators.

He holds holds a B.Sc. Degree in Physics from Ahmadu Bello University, Zaria, Nigeria and M.Sc. Degree in Nuclear Engineering from Oregon State University, USA. He is an alumnus of Lagos Business School (LBS), Wharton Business School and Harvard Business School, USA.

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