Emmanuel Emuejevoke Okotete is currently the Managing Director & Chief Executive Officer of Magnificent Investment Company Nigeria Limited of 22A Adeleke Adedoyin Street, Off Kofo Abayomi Road, Victoria Island, Lagos. The company is involved in Financial Advisory Services, Business Consulting, Oil & Gas and Real Estate Development since 2007.
Prior to coming on board Magnificent Investment Company Nigeria Limited, Emmanuel was the Special Assistant (Strategy, Policy, Finance & Admin) to the Managing Director/CEO, Niger Delta Development Commission (NDDC) from November 2003 to December 2006. He functioned as Chief Of Staff in the Office of the MD/CEO.
From December 1996 to November 2003, Emmanuel was with the United Bank for Africa Plc where he was an Assistant General Manager with responsibility for developing the Oil & Gas business in the Energy Division of the Corporate Banking Sector at the Head Office in Lagos. In UBA his job summary was to manage all forms of financial relationships between existing customers and the Bank in ensuring that excellent services and tailored products are delivered whilst prospecting for new ones. The target market covered Lagos, Port Harcourt, Warri, Eket, and Bonny. As at October 2003 the total portfolio/balance sheet under his management was over N10 billion (Naira facilities) US$120 million (US Dollar facilities). Hitherto, Emmanuel was with the National Corporate Division of the same Corporate Banking Sector from December 2, 1996 until July 2000 when he moved over to the Energy Division. Whilst in the National Corporate Division he had responsibility for managing relationships in the following industries, namely: Packaging, Plastics, Household and Building Materials, Cement, Footwear etc.
Between April 1992 and November 1996 he was with Citizens International Bank, (now Spring Bank Plc) where his job functions included both Corporate and Commercial Banking. While in Corporate Banking he had responsibility for developing the Multinational, Manufacturing, and Trading Business segments. The Board of Directors appointed him a member of the Bank’s Credit Committee (BCC) in 1994. The high point of his career in Citizens Bank was in setting up the bank’s Apapa Branch from the scratch in 1995. From a zero balance sheet the branch grew to over N500 million in balance sheet size, broke-even within five months of operations and became one of the most profitable branches within the banks network of 22 branches in 1996.
Emmanuel was from August 1989 to March 1992 with the Management Consulting Division of Arthur Andersen & Co. (now Accenture). While in Arthur Andersen & Co., he was involved in the Design, Development and Implementation of an Account Receivable System for Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) under the Commercialisation and Reorganization Project in 1989 – 1990. Other projects he participated in include the Strategic Planning, Organization Design, Credit Process Review and Profit Improvement Programs for several Commercial Banks. In addition he was involved in the Design and Development of a Job Evaluation and Organization Design project for Nigerian-German Pharmaceutical Company Plc (then Nigeria Hoechst Plc). He conducted a market survey on the Nigerian Automobile industry for Automobile Peugeot, France and did a top level Organization Design/Diagnostic Review for the West African Portland Cement Company Plc.
He had a brief stint with Insight Communications Limited (an Advertising company) as a Client Service Executive from January to July 1989. He started his career as a School Teacher responsible for teaching Government, English Language, Literature in English and Economics for various classes in Baptist High School Eku, Delta from 1985 to 1988.
Emmanuel has a degree in Political Science & Public Administration from the University of Benin, Benin City and an MBA from the same institution. He has attended numerous courses/conferences both in Nigeria and Overseas. He was the Best Graduating Student in his first degree class, in addition to winning the Federal Government of Nigeria Merit Award for Academic Excellence. He is married with children.