Okonjo-Iweala now to earn £130,000 a year

Ngozi Okonjo-Iweala, former minister of finance, has been named an independent non-executive director at Standard Chartered PLC. 

Standard Chartered PLC is a British multinational banking and financial services company headquartered in London, England and with presence in 70 countries.

According to a statement released on Thursday, by Jon Tracey, the bank’s media specialist, at the London Stock Exchange,  the company said her appointment is effective from November 1, 2017.

She will earn £130,000 per annum for her expertise in financial and development financing.

“The independent Non-Executive Directors do not participate in any of the Group’s incentive arrangements,” the statement read.