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Appointments

Seplat announces resignation of Non-Executive Director, makes new appointment

Seplat Petroleum Development Company Plc, a foremost indigenous oil and gas firm, has announced the resignation of one of its non-executive directors and the appointment of a new company secretary.

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Seplat announces resignation of Non-Executive Director, makes new appointment

Seplat Petroleum Development Company Plc has announced the resignation of one of its Non-Executive Directors as well as the appointment of a new Company Secretary.

The oil and gas company, which is dual-listed on the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), made the announcement (yesterday) in a notice issued to the NSE. The notice was signed by Roger Brown, Seplat Petroleum’s Chief Financial Officer.

Seplat Petroleum

Mr Macaulay Ofurhie, Seplat Petroleum Outgoing Non-Executive Director

According to the notice, Mr Macaulay Agbada Ofurhie was voluntarily retiring as a Non-Executive Director of the company on the ground of retirement. The resignation will become effective from June 30th, 2019.

[READ ALSO: Seplat reports 66.6% increase in PAT in Q1 2019]

Appointed to the board in March 2010, Mr Ofurhie was said to have served Seplat Petroleum meritoriously throughout his tenure.

Meanwhile, the statement also introduced Seplat Petroleum’s new Company Secretary/Chief Governance and Compliance Officer in the person of Mrs Edith Onwuchekwa. Her appointment became effective on the 24th of June, 2019.

In her new capacity as Company Secretary/Chief Governance and Compliance Officer, Onwuchekwa will “will guide and support the Board of Directors of SEPLAT
in ensuring compliance with regulatory and statutory requirements,” the notice states.

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Seplat Petroleum

Edith Onwuchekwa, Seplat Petroleum’s new Company Secretary/Chief Governance and Compliance Officer

Mrs Edith Onwuchekwa’s Profile

Edith Onwuchekwa is a graduate of Law from the University of Uyo, Akwa Ibom State. She attended the Nigerian Law School between 1998 and 1999, graduating with Second Class Upper honours after which she was called to bar.

She joined Lafarge WAPCO Nigeria Plc in April 2005 and became Company Secretary/Legal Adviser of Lafarge WAPCO in 2008. She relocated to Cairo, Egypt in December 2010 to take up the position of Legal Counsel, Sub-Saharan Africa business at the Lafarge Group Regional Office for the Middle East and Africa.

In 2012, Mrs Onwuchekwa returned to Nigeria as Lafarge Nigeria Country General Counsel/Public Affairs Director, overseeing the Legal and Public Affairs aspect of the Lafarge Group entities in Nigeria.

She later joined the Board of Ashakacem Plc as a Non-Executive Director and Vice Chairman of the Board. She is also a Director in Lafarge Associated Nigeria Limited.

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A consummate and seasoned professional with experience, spanning over two decades, she is currently an Associate of the Institute of Chartered Secretaries and Administrator of UK and holds a Masters in Business Administration from University of Bradford, UK.

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Prior to her appointment at Seplat Petroleum, Onwuchekwa was General Counsel/Legal Director at Lafarge Africa Plc

[READ MORE: New facts behind the acquisition of Telluria Limited by Ellah Lakes emerge]

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Ronald Adamolekun is a creative writer with proficiency in journalism, financial reporting, financial analysis and imaginative writing. However, his core competency lies in fiction and short story writing as well as feature writing. He is a graduate of English and Literature from Covenant University, Ota, Nigeria.

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Appointments

Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.

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Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Nairametrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.

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Appointments

Africa Prudential announces appointment of Zubaida Rasheed as Director

Zubaida Rasheed has been appointed as an Independent Non-Executive Director by Africa Prudential Plc.

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African Prudential could be worth more than N4.55

The Board of Africa Prudential Plc has ratified the appointment of Mrs. Zubaida Mahey Rasheed as an Independent Non-Executive Director, effective February 24, 2021, subject to regulatory approval from the Securities and Exchange Commission.

This is according to a notification signed by the Company’s secretary, Joseph Jibunoh, and made available to the Nigerian Stock Exchange.

Given her profile and wealth of experience, the Board strongly believes that the appointment will strengthen the company by consolidating its digital transformation drive and ensuring its smooth transition from its core registrar business to providing digital solutions and technological services.

About Zubaida Mahey Rasheed 

Mrs. Zubaida is a distinguished technocrat with over forty years’ experience in the public and private sectors. A sizeable number of the aforementioned years were spent in NITEL Plc, where she served for 23 years, rising to the position of Executive Director.

Mrs. Zubaida is currently the Deputy Coordinator of Technical Working Group (TWG) for the preparation of Medium-Term National Development Plan (MTNDP) 2021-2025 & Nigeria Agenda 2050 (Business Environment, Trade, Competitiveness, and Product Space Mapping).

She is an alumna of Ahmadu Bello University (ABU), having obtained a BSC degree in Economics in the aforementioned institution. She holds professional membership in the Nigerian Institute of Management and National Institute of Marketing, Nigeria.

What you should know

  • Africa Prudential Plc had earlier declared a dividend of 50 kobo each, totaling N1 billion for its shareholders.
  • Africa Prudential Plc formerly known as UBA Registrars Ltd was incorporated as a private limited liability company on 23rd March 2006 to take over the registrar services formally operated as a department by its former parent – UBA Global Market Limited.
  • The company was listed on the Nigerian Stock Exchange on the 17th of January, 2013. It currently manages over 80 corporate clients in both the public and private sectors.

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