Simon Aranonu

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Simon Aranonu
Born
Simon Aranonu

(1961-05-22) 22 May 1961 (age 62)
NationalityNigerian
Occupation(s)Accountant and banking executive
Years active1980–present

Simon Aranonu is a Nigerian accountant and banking executive. He is the executive director of Large Enterprises at the Bank of Industry.[1][2][3][4][5][6]

Early life[edit]

Aranonu was born on 22 May 1961, to the late Augustine Ejidike Aranonu who was a petty trader and Mrs Theresa Nwoye Aranonu, a seamstress in Onitsha, Anambra State, and afterwards gained admission into Oraifite Secondary School, a missionary school run by the Anglican diocese,[7] in the southeastern part of Nigeria.[8]

He obtained his primary education form the community primary school in rural Onitsha, Anambra State. He is a Christian and speaks two languages English and Igbo.[9] As a young child, Aranonu wanted to be a medical doctor, he has been working towards as a science student and also filled medicine in his Jamb form along with his friend. One afternoon, there was a change of plan when they both met with the school Guidance and Counselor approved of his friend's medical pursuit and disapproved of his. At that point, the counsellor changed Medicine and Pharmacy on the form to Accounting and Finance and that was how he started his finance journey of over 30 years.[10]

Education[edit]

Upon completing his primary education, he gained admission into the Oraifite community secondary school, a missionary school set up by the Anglican Diocese of Onitsha, in Onitsha Anambra state,[11] in pursuit of his secondary school certificate. Upon graduation and his desire to acquire tertiary education, he returned to his primary school to teach for a whole year so as to save up for his tertiary education. He was admitted to the University of Nigeria Enugu State to study finance in 1980 and he graduated top of his class in the year 1984.[12] as the best graduating student in the Finance department.[13] He later proceeded to the graduate school of business of the Stanford University in California USA and he graduated in 1998. He also attended Harvard Business School Massachusetts, Chicago Business School, Chicago as well as Cranfield University, Milton Keynes, United Kingdom.[14] He was one of the beneficiary of the USAID- sponsored Best and Brightest African Bankers training program in United States (Spring 2000).[14]

Career[edit]

After his first degree, Aranonu proceeded to Benin City, Edo State for his National Youth Service NYSC program. After one year, he returned to Lagos where he moved in with his brother between the year 1985 and 1987. Before kickstarting his banking career, he worked for a courier company in Ojuelegba and a trading company in Ilupeju Lagos.[15] He is the executive director of "Large Enterprise" at the Bank of Industry BOI.[7] He started his banking career at Chase Bank, an American bank.[7] Simon's forte is credit and cooperate governance and licensed by IFC an arm of the World Bank to train directors on corporate governance.[14]

His first banking job which ushered him into his banking career was his employment at the continental merchant bank in 1987.[16]

He was executive director at Intercontinental Bank in 2008.[17] and served as the executive director at Global Bank prior to his appointment at Intercontinental Bank[12] In 1998, he joined the Institute of Chartered Accountants of Nigeria ICAN as a chartered accountant.[citation needed][18]

Aranonu has over 30 years working in the field of banking and finance at various financial institutions.[19] Before he joined the Bank of Industry, he was a program coordinator at KRC Limited[20] and Chief Financial Officer/Ag. Chief at Sapele Power PLC[21] prior to which he served as the MD of Southern Africa franchise of Intercontinental Bank PLC now Access Bank PLC.[18]

Personal life[edit]

Simon Aranonu is married to his wife, Ijeoma Aranonu and they have four children.[22] He believes in his technique for success as being 3Hs - Hard work, Humility and Holiness. He believes these values have brought him far in life and anyone who is not willing to take hard work seriously should forget about success. He is a pastor of the Redeemed Christian Church of God. He is based in Lagos, Nigeria where he lives and works from as well.[23]

References[edit]

  1. ^ "Simon Aranonu". Bank of Industry, Nigeria. 13 July 2017. Retrieved 23 June 2019.
  2. ^ Iloani, Francis Arinze (15 July 2017). "FG directs BOI to fund recovery plan, economic zones". Daily Trust. Retrieved 23 June 2019.
  3. ^ Ozo, Suzan (27 March 2018). "BoI strengthens relationship with business developers to boost MSMEs". Voice of Nigeria. Retrieved 23 June 2019.
  4. ^ "Building Transgenerational Businesses". THISDAYLIVE. 13 September 2018. Retrieved 23 June 2019.
  5. ^ "BoI Disbursed over n270b loans in 2018". the nation ngs. 23 May 2019. Retrieved 12 August 2019.
  6. ^ "we grew the balancesheet from n700b in 2017 to n1trillion in 2018". the nation ng. 23 May 2019. Retrieved 12 August 2019.
  7. ^ a b c Nwafor (4 December 2019). "Simon Aranonu: From village boy to banking guru". Vanguard News. Retrieved 14 August 2022.
  8. ^ "we grew balace sheet from n700b in 2017 to 1 trillion in 2018". The nation ng. 25 May 2019. Retrieved 12 August 2019.
  9. ^ "we grew balance sheet from n700b in 2017 to 1 trillion in 2018". The nation ng. 25 May 2019. Retrieved 12 August 2019.
  10. ^ "Watching projects i started financing blossom into large enterprises, gives me joy". The Businessday ng. 20 September 2019. Retrieved 1 February 2019.
  11. ^ "Those in the beauty and fashion industry can access loans from BOI". The Vanguardng. 8 September 2019.
  12. ^ a b "Bloomberg - Simon Aranonu". Bloomberg. Retrieved 23 June 2019.
  13. ^ "we grew balance sheet from n700b in 2017 to 1 trillion in 2018". The nation ng. 25 May 2019. Retrieved 12 August 2019.
  14. ^ a b c "StackPath". www.boi.ng. Retrieved 14 August 2022.
  15. ^ "we grew balace sheet from n700b in 2017 to 1 trillion in 2018". The nation ng. 25 May 2019. Retrieved 12 August 2019.
  16. ^ "we grew balace sheet from n700b in 2017 to 1 trillion in 2018". The nation ng. 25 May 2019. Retrieved 12 August 2019.
  17. ^ "New CEOs resume immediately, who they are?". Vanguard News. 14 August 2009. Retrieved 23 June 2019.
  18. ^ a b "Simon Aranonu: From village boy to banking guru". Vanguard News. 4 December 2019. Retrieved 1 July 2022.
  19. ^ "Bloomberg - Simon Aranonu". Bloomberg. Retrieved 29 June 2019.
  20. ^ "KRC Facilitators". 28 June 2019.
  21. ^ "Sapele Power Management". 28 June 2019.
  22. ^ "Watching projects I started financing blossom into large enterprises gives me joy". 12 January 2019.
  23. ^ "Simon Aranonu: From village boy to banking guru". Vanguard News. 4 December 2019. Retrieved 14 June 2022.
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