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Appointments

Neconde Energy appoints Chichi Emenike to grow its gas business

Neconde Energy Limited has appointed Chichi Emenike as its Head, Gas Ventures. the Neconde believes that Emenike’s appointment will position the company to be a lead player.

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Neconde Energy appoints Chichi Emenike to grow its gas business

In a bid to channel its focus on gas operations, Neconde Energy Limited has appointed Chichi Emenike as its Head, Gas Ventures. Neconde’s board believes that Emenike’s appointment will position the company to become a leading player in the Nigerian gas supply market.

Commenting on Emenike’s appointment, the company’s Managing Director, Frank Edozie, also stated that the appointment is indicative of Neconde’s commitment to significantly grow its gas business.

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“Neconde is quite pleased to welcome Chichi Emenike to our team. Her appointment validates our commitment as a company to significantly grow our gas business, which critical in unlocking the vast potentials that exist in Nigeria’s energy sector,” Edozie was quoted.

Emenike’s profile: Chichi Emenike is coming onboard with over two decades of experience in the Nigerian upstream, midstream, and downstream oil and gas industry. As such, she garnered cutting edge industry skills and experience cutting across such areas as business development and strategy, project management, technical procurement, and overall contract administration.

She served as a Project Engineer with Exxon Mobil Nigeria Limited before moving to Vigeo Oil and Gas as Head, Operations Support Services and Business Development in 2008.

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She also had a stint in SunTrust Oil Company where she was the General Manager in charge of operations and overall upstream business development. Before joining Neconde, Emenike was the Head of business development and commercial operations at Falcon Corporation Limited.

Chichi Emenike has a bachelor’s degree in Chemical Engineering and an MBA in Oil & Gas Management from the prestigious Robert Gordon University in Aberdeen. She is a member of the Nigerian Society of Engineers (NSE), Association of Professional Women Engineers of Nigeria (APWEN), as well as a certified member of the Council for the Regulation of Engineering in Nigeria (COREN). She is currently the Financial Secretary of the Nigerian Gas Association.

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Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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Appointments

Seplat appoints Emeka Onwuka as CFO

Onwuka has over 30 years’ experience in financial services across Sub-Saharan Africa. 

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Seplat appoints Emeka Onwuka as CFO

Seplat Petroleum Development Company Plc. has appointed Mr. Emeka Onwuka as Chief Financial Officer and Executive Director, Lagos, and London.

The appointment takes effect from August 1, 2020.

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The appointment was announced in a notice sent to the Nigeria Stock Exchange on Friday and has been ratified by the company’s board of directors.

According to the notice which was signed by the company secretary and chief governance compliance officer, Mrs. Edith Onwuchekwa, the Board of Seplat is confident that “the wealth of knowledge and experience Onwuka brings will be a great addition to the Company”.

Mr. Onwuka has over 30 years’ experience in financial services across Sub-Saharan Africa. Mr Onwuka is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria.

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He was also the former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited.

READ MORE: This is what Ngozi Okonjo-Iweala is up against

He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, and a Fellow of Chartered Institute of Taxation of Nigeria.

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Mr. Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka, and holds an MBA from the University of Benin.

He is an alumnus of the Lagos Business School, Wharton Business School and Harvard Business School.

Onwuka also holds the Nigerian National Honor, Officer of the Order of the Niger (OON).

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Appointments

Segun Agbaje elected into PepsiCo Board of directors

Mr. Agbaje will join the Board and the Audit Committee effective July 15, 2020.

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GTB releases FY result for 2019, grows PBT by 7.5%

Segun Agbaje, the Managing Director of Guaranty Trust Bank of Nigeria has been elected as an independent member of the Board of Directors of PepsiCo, the American owners of popular beverage, Pepsi and Moutain Dew.

According to the press release seen by Nairametrics, the Board of Directors elected Segun Agbaje as an independent member of the Board. Mr. Agbaje, 56, will join the Board and the Audit Committee effective July 15, 2020.

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In his remark, PepsiCo Chairman and CEO Ramon Laguarta expressed delight in welcoming Mr. Agbaje to the PepsiCo Board.

READ ALSO: BankTech War: Segun Agbaje says GTBank not afraid of Fintech

“Segun is a well-respected and proven business leader with a deep understanding of complex businesses and fast-growing markets, particularly Sub-Saharan Africa where we recently acquired Pioneer Foods as part of our strategy to expand in the region. His experience in business transformation and passion for delivering consumer value will serve PepsiCo well as we continue our journey to be the global leader in convenient foods and beverages by winning with purpose,” Laguarta said.

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PepsiCo recently acquired Pioneer Foods, makers of Butterfield Bread. Pioneer Foods also acquired a major stake in Food ConceptPioneer, a leading baked goods company. Food Concepts are also the owners of the popular Chicken Republic quick-service restaurant chain in Nigeria.

The Chair of PepsiCo’s Board’s Nominating and Corporate Governance Committee, Daniel Vasells remarked,

“We look forward to Segun joining the PepsiCo Board and to the valued global perspective he will add to our team..His knowledge and experience of embracing and scaling new technologies and critical capabilities will be valuable as we continue to invest in opportunities that create shareholder value and deliver long-term sustainable growth.”

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Segun Agbaje also currently serves as a director of MasterCard Advisory Board Middle East and Africa. He holds a Bachelor of Science in Accounting and a Masters in Business Administration from the University of San Francisco.

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Appointments

Lamido Yuguda assumes duty as new DG of SEC

Yuguda says his management promises no respite for anyone who defrauds investors. 

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Lamido Yuguda assumes duty as new DG of Security and Exchange Commission

Mr. Lamido Yuguda, the new Director-General of the Securities and Exchange Commission (SEC), has started work at the capital markets regulatory agency. He assumed duty alongside three new SEC commissioners, namely – Mr Reginald Karawusa, Ibrahim Boyi, and Dayo Obisan.

Mr Yuguda announced that the SEC’s capital market master plan of 2014 will enable Nigeria’s capital markets to accelerate the development of the country’s economy. He added that the SEC in the past 20 years has worked with industry stakeholders to implement initiatives that have improved the regulation and development of Nigeria’s capital markets.

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“Many of the initiatives have been successfully implemented while many others are work in progress in line with its objectives. Therefore, the continued implementation of the plan will be one of the major focus of the incoming management, while we also seek possible ways of strengthening it for enhanced impact. We would equally work towards improved market regulation, surveillance and general development,” Yuguda said.

He added that the SEC would make investor protection the focus of the initiatives that will be implemented by the new management. Assuring the public that the new management would do its best to improve capital market regulation for the benefit of all stakeholders and warned defaulting operators would be punished.

READ MORE: Why Nigerians, NCDC DG are opposed to the new NCDC bill

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“We want to assure investors that this market is for them and we are ready to do everything to ensure that we increase investor enlightenment through education, robust regulation and fair dealing. For those that want to defraud investors, there would be no respite,” he added.

The outgoing Acting Director-General, Ms Mary Uduk said she was confident in the new management would improve on the achievement the SEC has built so far. Adding that the SEC has introduced reforms in the past few years that have led to regulatory milestones.

Mr. Lamido Yuguda is a holder of the CFA Charter and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), with a B.Sc. degree in Accounting from Ahmadu Bello University, Zaria and an M.Sc. in Money, Banking and Finance from the University of Birmingham.

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He is holds a Certificate in Financial Asset Management and Engineering from the Swiss Finance Institute, Geneva and a Certificate in Investment Performance Management from the CFA Institute, Charlottesville, Virginia, USA. 

 

 

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