EARLY LIFE
Mr. Godwin
Obaseki was born in Benin City, Nigeria to the famous and illustrious Obaseki
family.
EDUCATION
He had his
early education in St. Matthews Anglican Primary School Benin City from where
he proceeded to Eghosa Anglican Grammer School, Benin City for his secondary school
education. He attended the University of Ibadan where he obtained a BA in
Classics.
Mr. Obaseki
attended the Columbia University and Pace University in New York and has an MBA
in Finance and International Business. He is also a Fellow of the Chartered
Institute of Stock Brokers, Nigeria and an alumnus of the Lagos Business School
Chief Executive Program.
He was
nominated a Global Leader for Tomorrow (GLT) by the World Economic Forum in
2001.
CAREER
Godwin
Obaseki began his career over 30 years ago and has established track records in
Investment Banking, Asset Management, Securities Trading and the Public Sector
both internationally and in Nigeria. He started out in 1983 with Capital Trust
Brokers Limited Lagos as a stockbroker where he excelled and subsequently
worked with International Merchant Bank (an affiliate of First Chicago Bank).
In 1988 he joined AVC Funds Limited, Lagos where he served as a Project Manager
and led the core team that set up two of the new generation banks which
eventually reshaped the face of the banking industry in Nigeria. Between 1993
and 1995 he worked in New York as a principal of Equatorial Finance Co, a
Financial Advisory firm with a focus on Africa and providing Structured Trade
Finance for African related transactions through credit, financial advisory and
risk insurance.
Mr. Godwin
Obaseki founded Afrinvest West Africa Limited (formerly Securities Transactions
& Trust Company Limited (SecTrust)) in 1995, and was the pioneer Managing
Director. The firm has since grown to become a leading Investment Banking and
Investment Management firm in Nigeria. In 1995 SecTrust was appointed the
correspondent stockbroker for Nigeria by the International Finance Corporation
(IFC). In 1996, SecTrust established the first derivative product, the Nigerian
International Debt Fund (NIDF) on the Nigerian Stock Exchange, which allowed
Nigerians invest local savings in US Dollar instrument. This fund has
outperformed projections on returns.
SecTrust
pioneered and was local adviser on the first global offering by a Nigerian bank
through the issuance of Global Depositary Shares (GDS) to raise UD$50 million
from the international Capital market. Afrinvest has acted as advisers on some
of the largest and most significant transactions in the Nigerian capital market
since 2005.
Afrinvest
is one of the most trusted advisory firms in the domestic corporate finance
market, pioneering major innovations and providing leadership in the Nigerian
Securities market. The Firm has advised on numerous landmark transactions
including the first Eurobond Issue by a Sub-Saharan Africa Corporate (outside
South Africa); the first ever simultaneous merger and tender offer transaction
in Sub-Saharan Africa and the largest ever listing on the Nigerian Stock
Exchange. Afrinvest has been ranked as a major Investment Research firm which
is at the forefront of playing instrumental roles in the introduction of new
financing products such as Eurobonds and Global Depository Receipts to Nigerian
Companies. Mr. Obaseki is presently the Chairman of the Board of Directors of
the firm which won the Best Asset Management Firm in Nigeria (2014) Award by
the Wealth & Finance International Magazine Finance Awards.
Mr. Godwin
Obaseki currently serves as the Chairman of the Edo State Government’s Economic
and Strategy Team (EST), a position he has held since March 17, 2009 Pro bono
publico.
Key
achievements as chairman of the economic team of Edo state Government include:
Documentation of State Economic Development framework through Sectors’
Strategic Planning which is reviewed and updated on an ongoing basis;
Introduction and enculturation of retreats as a platform to ensure all parties
engagement not only in planning and executing state development initiatives but
also in monitoring and evaluation of outcomes; N25 Billion Infrastructure
Development Bond from the Nigerian Capital Market in 2010; $225 Million
Concessionary rates Development Loan from the World Bank with the 1st Tranche
of $75 Million already accessed; Successfully hosted Sector based Economic
Summits and Policy Dialogue Series including the Power Round Table in 2010,
2011 Education Round Table and 2012 Agribusiness Round Table.
These
summits have translated in measurable and desired outcomes including:
i.
Azura-Edo IPP project with over $1 billion in FDI
currently under development in Ihovbor, Uhunwode LGA;
ii. Education
Reforms which have translated to significant improvement in Educational
Infrastructure and student performance in WAEC and other Exams;
iii. Following
the 2012 Agribusiness Summit, the state has attracted investment in the Rubber
Sub-sector for the development of the single largest Rubber Plantation project
in Nigeria in Sokponba in Orhiomwon LGA under a privately developed and
financed initiative;
iv. A framework
for Local Economic Empowerment through out-growers schemes is being finalized
to attract funding into the development of key crops for which Edo State has
natural endowment including Oil Palm, Rubber, Cassava, Cocoa, Rice and other
grains.
Other
Committee activities in Edo State Government
1. Tax
Assessment Review Committee for Edo State Internal Revenue Service (TARC) –
Chairman.
2. Committee
on Micro, Small and Medium Enterprises (MSME) – Chairman.
3. Committee
on the Implementation of the Law Establishing the Edo State University of
Science and Technology, Uzaire – Secretary.
4. Committee
on Contributory Pension Scheme – Member.
5. Edo
SEEFOR/DPO Steering Committee – Member.
6. Committee
on the Report of the Audit of the Credentials of Teaching Staff in Public
Schools in Edo State.
7. Land Use
Charge Committee – Chairman.
8. State
Steering Committee on the European Union Assisted Niger-Delta Support Programme
(NDSP) Component 3 (Development of Edo State Water & Sanitation Policy and
Law.
Professionally,
Mr. Obaseki has served on the Presidential Committee on the Reform of the
Nigerian Pension System. He also served on the Nigerian Securities and Exchange
Commission Committee on the Re-activation of the Nigerian Bond Market and the
review of the Investment and Securities Act. He served as a member of the
Nigerian Stock Exchange Council between 2006 and 2009. He also serves on the
board of some companies such as Dorman Long Engineering Limited, Pillar Oil
Limited, Seric Impianti International Limited.
He was the
founding secretary of a New York based US Africa Chamber of Commerce in 1992,
which promoted US organizations doing business in Africa. He was a Director in
Junior Achievement of Nigeria - the local affiliate of the worldwide Not for
Profit organization which trains students to appreciate market economy values.
He also participates actively and serves as Trustee, in the Dr. Jackson Owen
Obaseki Foundation, a family owned NGO which is involved in providing free
educational and health services to the less privileged. He is a member of the
All Progressive Congress (APC) and has participated actively in all elections
since 2009 and was Chairman, Fund Raising Committee for the Oshiomhole-Odubu
re-election bid in 2012.