Energy Bank Ghana Chairman Appointed Envoy of Sao Tome & Principe in Nigeria


The Chairman of Energy Bank Ghana, Dr. Jimoh Ibrahim (OFR) has been appointed the Honorary Consul of Sao Tome and Principe in Nigeria. His appointment followed a request to the Federal Government of Nigeria by Sao Tome and Principe to appoint Dr. Ibrahim in that capacity. The announcement of this momentous appointment was contained in a letter from the Nigerian Ambassador to that country, Ahmed Magaji, to Dr. Ibrahim.

Dated December 20, 2011, the letter reads: “Following a request to the Federal Government of Nigeria by the government of Democratic Republic of Sao Tome and Principe, indicating that country’s intention to appoint you as Honorary Consul of Sao Tome and Principe in Abuja, I am pleased to convey to you the approval of the Federal Government of Nigeria for the appointment. “The Sao Tome government has already been informed accordingly. “I am confident that you will bring your best efforts to bear on your new role for the purpose of further enhancing the cordial relations existing between the two countries. “By this remarkable achievement, Dr. Ibrahim has become one of the few Nigerians in recent history to be appointed as a honorary envoy of another country in his home country.

The appointment becomes a crowning glory for the business mogul, whose business interests are not just all over Nigeria but are now being felt all over Africa, the Middle- East, Europe and the United States of America. He had started the year on a winning note with the commissioning of Energy Bank of Ghana in Accra in February. The bank is the first and only of such to be floated in Ghana with Nigerian financial muscle. The bank has since commissioned two more branches in Kumasi and Tema. Dr. Ibrahim also acquired the Oceanic Bank in Sao Tome, which has lately secured approval for rechristening as the Energy Bank, Sao Tome. The bank joins Dr. Ibrahim’s growing business concerns in that small, but oil-rich Island in the middle of the Atlantic. .

The NICON Insurance, Sao Tome and the Energy University of Sao Tome, the only higher institution in that beautiful country, also belong to Ibrahim’s conglomerate. With a well-fortified war chest and committed to his turnaround mission, Dr. Ibrahim’s footprints in 2011 included the acquisition of the 27-yearold flagship news magazine, Newswatch, and the unveiling of a multimillion dollar property business in Dubai, United Arab Emirates. Quite significantly too, he also moved the international headquarters of the conglomerate to the 28th floor of the famous Trump Towers on 40, Wall Street, New York, USA.