Bolanle OnagoruwaIndependent Director

    Board of Directors


    Bolanle Onagoruwa

    Independent Director

    Bolanle Onagoruwa  is an accomplished public and private sector professional and serves as an Independent Director of Nova Merchant Bank Limited.

    She was the Director General of the Bureau of Public Enterprises (BPE) where she transformed through various initiatives the government entity responsible for privatisation of government enterprises. Ms Onagoruwa executed one of the most transparent and successful privatization exercises of large and complex public sector enterprises during her tenure as the DG of BPE. She provided leadership for Nigeria’s privatisation initiatives and was member of some high level Federal Government Committees such as the Economic Management Team and the Presidential Action Committee on Power. She also served on the board of many privatised companies including the Transnational Hotels and Tourism Services Limited (Transcorp Hilton Hotel), Eleme Petrochemicals Company Limited (one of the most successful privatized entities to date) and Nigerdock Nigeria Plc. She was also the Director of several departments including Electric Power, Industry & Manufacturing, Oil & Gas, National Facilities & Agricultural Resources and National Parks & Stadia during her time at the institution where her contributions were remarkable.

    Prior to her appointment as DG BPE, she served as the Secretary, Social Development and Secretary, Education at the Federal Capital Territory, in addition to being a Special Assistant to the President. She started her career as Associate and Partner at a commercial law practice, followed by Company Secretary/Legal Adviser and pioneer Branch Senior Manager at a new generation merchant bank, before she joined the public service as a Director in the Bureau of Public Enterprises.

    Upon retirement from BPE, Ms Onagoruwa became the Acting Managing Director/CEO of the Ibadan Electricity Distribution Company and is currently the Managing Director/CEO (Infrastructure and Business Development) of ENL Consortium Limited, a company which  specialises in infrastructural development like housing, road/bridge construction, power projects, port operations, and solid minerals.

    Ms. Onagoruwa possesses a Bachelor of Laws from the University of Lagos, a Post Graduate Diploma in Politics and International Relations from the University of Kent at Canterbury, and is an alumnus of the Harvard Business School.

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