The Nigerian Capital Development Fund (NCDF Group) has appointed Mr. Nicholas John Connell as its new Group Managing Director and Chief Compliance Officer.
The announcement was made in a statement issued on Thursday by Tajudeen Kareem, Executive Director of Public Affairs. It described Mr. Connell as a British national born in South Africa, with extensive experience in private equity, venture capital, and financial risk management. He is credited with designing and implementing investment tools tailored for emerging markets.
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In his new position, Mr. Connell will be responsible for leading NCDF’s investment strategy, including the rollout of debt instruments, equity-linked securities, and structured financial products focused on Nigeria’s critical development needs such as housing, healthcare, green infrastructure, financial technology, and diaspora-driven investments.
He is also expected to ensure that the group’s investment vehicles align with Nigeria’s Securities and Exchange Commission (SEC) regulations while maintaining strong returns and social impact for investors. His duties will cover institutional investor relations, compliance oversight, and strategic prospectus planning.
Chairman and CEO of NCDF Group, Hareter Babatunde Oralusi, described Connell’s appointment as a turning point for the organization. He expressed confidence that Connell’s expertise would help the fund attract more capital, improve investor trust, and translate development goals into financial solutions that support economic growth.
Speaking on his appointment, Mr. Connell said he was excited to contribute to Nigeria’s growing development sector. “Nigeria holds immense potential, and I look forward to working with the NCDF team to structure impactful investments that promote prosperity and strengthen Africa-led financial solutions,” he stated.
His new role also involves strengthening internal governance and ensuring that NCDF-supported initiatives achieve both financial viability and measurable social outcomes.
