EFInA Announces New Board Directors
16 June 2015

Lagos, Nigeria – EFInA is pleased to announce the appointment of two new Board Directors: Dr. William Derban and Mr. Keith Jefferis.

According to the Chairman of the EFInA Board, Mr. Yemi Cardoso, “As the thought leader in championing financial inclusion in Nigeria, it is important that EFInA continues to strengthen its Board. We are pleased about the calibre of directors joining our Board today and look forward to their contribution in taking EFInA to greater heights.”

Ms. Modupe Ladipo, CEO of EFInA emphasised the importance of having a Board with diverse financial inclusion experience to assist in maximising EFInA’s impact in Nigeria. “As EFInA evolves and deepens its work, we look forward to leveraging best practices from other jurisdictions to enhance our work in Nigeria.”

The appointment of the Board Directors is effective immediately.


Dr. William Derban has 15 years’ experience in providing sustainable, market-based financial services to the unbanked and under-banked in Africa, Europe and the Middle East. He has expertise in financial inclusion, microfinance, digital financial services, sustainability and corporate responsibility.

He is currently the Director for Inclusive Banking and CSR at Fidelity Bank Ghana Ltd, where he set up the first agency banking programme in the country. Prior to working at Fidelity Bank, Dr. Derban was the Head of Community Relations with Barclays Africa and Emerging Markets where he managed the community investment strategy across 14 countries in Africa, Middle East and Asia. He has also held various senior positions in the Global Community Investment and Financial Inclusion departments in Barclays London.

Dr. Derban earned his doctorate in Microfinance and Development Finance from the Nottingham Business School, UK. He has an MBA from University of Central England in Birmingham, UK and a first class degree in Economics from the University of Cape Coast, Ghana.

Mr. Keith Jefferis is a development macroeconomist and financial sector specialist, focusing on a range of macroeconomic, financial and development policy issues in Botswana and sub-Saharan Africa. He is a former Deputy Governor of the Bank of Botswana.

His recent experience includes assessing the macroeconomic impact of pension reforms in Namibia; preparing financial sector development/financial inclusion strategies for Rwanda, Lesotho, Botswana, Liberia and Laos; developing strategic plans for the Central Bank of Rwanda and the Committee of SADC Stock Exchanges; and analysing the impact of global regulatory changes on banking supervision in several African countries. Furthermore, he has worked with institutions such as the World Bank, the African Development Bank, USAID and other development organisations.

Mr. Jefferis has a PhD in Economics from the Open University, UK, a Master’s degree in Economics from University of London, and a BSc in Economics with Statistics from Bristol University, UK.