Chief Malachy NwaiwuIndependent Director

    Board of Directors


    Chief Malachy Nwaiwu

    Independent Director

    Chief Malachy Nwaiwu recently retired in the Executive Cadre of the Central Bank of Nigeria (CBN) where he worked for 35 years and is an Independent Director of Nova Merchant Bank Limited.

    During his time at CBN, he pioneered many initiatives and worked in a wide range of areas covering currency & branch operations, development finance, human resources and information technology. He was a member and the Secretary of the Committee that handled the design, printing and launching of the N1000 banknote denomination for the Bank. Chief Nwaiwu served on several committees in CBN that developed various initiatives in the transformation of the Bank and was in charge of Service Delivery Improvement Initiatives for the branches of the Bank prior to retirement.

    Chief Nwaiwu possesses a Master of Business Administration (Management and Finance) from the University of Lagos, a B.Sc. Agricultural Economics from the University of Ibadan and a Bachelor of Laws from the University of Abuja. He is a member of the Nigerian Institute of Management and the Association of Management and Administration (AMA) USA. He is currently an Attorney in the Law firm of Chukwuma-Machukwu Ume SAN  (Firm of Lawyers & Arbitrators)

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