Nigeria’s former minister of finance, Dr. Ngozi Okonjo-Iweala, has been appointed a member of the international advisory panel of Asian Infrastructure Investment Bank (AIIB).

According to CEOAFRICA’s source, Thisday, The AIIB is a multilateral international Development Bank set up on December 25, 2015, with an initial capital of US$100 billion, one million shares and an initial paid-up capital of US$20 billion.

A statement at the weekend indicated that Okonjo-Iweala would join 10 other key persons on the panel .“The panel provides impartial, objective and independent advice to the President, allowing the Bank to benefit from the international experience and expertise of panel members,” AIIB Senior Communication Officer, Mr Song Liyan said.

Also, The AIIB President, Jin Liqun said the panel members would advise the Bank on the development of its strategy saying “It is a great honour to convene such an experienced and diverse group of international leaders to advise on the development of the Bank’s strategy in which I have no doubt that the advice the panel provides will help shape the development of the Bank in the years ahead”

Jin added that “I could not ask for a better group of ambassadors to help promote our new Bank to the world”.

The panel members include former Bank Negara Malaysia governor Dr Zeti Aziz, former Pakistan Prime Minister,Shaukat Aziz, former Swedish finance Minister, Anders Borg,  former Timor-Leste finance Minister, Emilia Pires, former World Bank chief economist Nicholas Stern and former Japanese Prime Minister Yukio Hatoyama, Global Foundation’s secretary-general, Steve Howard.

Others include Korea National Diplomatic Academy chair professor and former South Korean deputy prime minister and strategy and finance minister Dr Oh-Seok Hyun.Former U.S. ambassador Paul Speltz and London School of Economics professor and former Hong Kong chief executive Tung Chee-Hwa are the remaining panel members.