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Appointments

BudgIT’s Co-founder gets Federal Government appointment

Seun Onigbinde, Co-founder of BudgIT, a data-driven budget organisation has been appointed into the administration of President Muhammadu Buhari as a Technical Adviser in the Ministry of Budget and National Planning.

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BudgIT’s founder appointed advisor to Nigerian Minister 

Seun OnigbindeCo-founder of BudgIT, a data-driven budget organisation has been appointed into the administration of President Muhammadu Buhari as a Technical Adviser in the Ministry of Budget and National Planning. 

This was confirmed by the Communication Associate of BudgITShakir Akorede while speaking to journalists. Onigbinde also confirmed the appointment in a blog post.

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“Friends, I have accepted to take up an advisory role underwritten by an international development agency for an initial period of six monthsI see this as an adventure considering an accepted steep curve on public sector structure, he wrote. 

Onigbinde said that due to his new assigned role, he had taken a break from his role at BudgIT in order to focus more on his new responsibility.   

[READ MORE: Universal Insurance Plc appoints new Director]

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HoweverAkorede stated that Onigbinde’s temporary exit at BudgIT would not in any way affect the organisation as BudgIT was still dedicated to holding government accountable. 

“It’s true, however, I need to point out that this has nothing to do with BudgITAs you may recall, Seun has been absent from the company for some time. This is a situation that affects Seun as a person, nothing to do with BudgIT This is in his personal capacity as a Nigerian.” 

Onigbinde’s profileOnigbinde had previously worked on several projects funded by MacArthur Foundation, Ford FounDFID, Open Society, OXFAM and Omidyar Network. In 2014, he made the list of finalists for the Young Business Leaders of the Year Award of CNBC Africa. 

Onigbinde has also received numerous awards including the Ashoka Fellowship, Future Africa Awards, Bloomberg Media Journalism Fellowship, Quartz Africa 30 Innovators Award, Aspen New Voices Fellowship, Bloomberg Media Journalism Fellowship and an Open Knowledge Foundation ambassador for Nigeria 

[READ ALSO: Veritas Kapital Assurance Plc appoints new MD/CEO]

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He is a graduate of Electrical/Electronics Engineering from the University of Agriculture, Abeokuta and also has a degree in Executive Programme in Social Entrepreneurship from Stanford University Graduate School of Business. 

Patricia

Chidinma holds a degree in Mass communication from Caleb University Lagos and a Masters in view in Public Relations. She strongly believes in self development which has made her volunteer with an NGO on girl child development. She loves writing, reading and travelling. You may contact her via - chidinma.nwagbara@nairametrics.ng

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Appointments

Meet Alan Sinfield, New CEO of 9Mobile

Alan Sinfield became the first substantive Chief Executive Office of 9Mobile On Monday, June 1, 2020 since its name was changed from Etisalat.  

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Meet Meet Alan Sinfield, New CEO of 9Mobile , New CEO of 9Mobile

On Monday, June 1, 2020, Alan Sinfield became the first substantive Chief Executive Office of 9Mobile, since its name was changed from Etisalat.

Sinfield succeeds Stephane Beuvelet, who had been in acting capacity since November 2018 after the reshuffling of the company’s management.

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Let’s look at the pedigree and experience which Sinfield brings to bear in his new position.

Alan Sinfield can be considered a hybrid executive, combining experience and expertise from the Telecommunications industry, as well as the banking industry.

His banking career started with a management trainee program at Bank of America, where he rose through the ranks to become a programmer and business Analyst. He later worked in Frankfurt, Germany, before joining Barclays Bank in South Africa as a technical manager. His desire to work in different countries took him to work in various other banks in Portugal, Slovakia, and Hong Kong.

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(READ MORE: Top 10 CEOs and how they spent 10 days in lockdown)

He first tested the waters of the telecom industry in Korea when he took up a Merger & Acquisition role with the merger of SK Telecom & Shinsaegi Telecom.

As a telecommunications expert, Sinfield has held leadership roles in several companies including mobile, fixed-line and broadband data operators, fintech and banking sectors. He has also held management positions in retail, media, and wholesale distribution businesses across emerging markets in Asia, Africa, the Middle East, and Europe.

READ ALSO: A total of $70 billion has so far been invested in Nigeria’s telecom industry

His experience in the telecoms sector includes a couple of years as Chief Information Officer and Chief Customer Services Officer at Orascom Telecom (IraQna), a subsidiary of the listed Egyptian Telecommunications Group,

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He is not new to the office of chief executive, as he has served as CEO for four years at Ooredoo (Starlink), a subsidiary of the listed Qatari Telecommunications Group, operating in Qatar.

Patricia

At different times, he was also the Chief Executive Officer at Amara Communications Co. (ananda), a 4G LTE mobile broadband operator in Myanmar from 2018 to 2019, as well as the CEO of Cadcomms (qb), in Cambodia from 2010 to 2017.

(READ MORE: TCN: Minister of Power shares FG’s plans with new management)

He has a Master’s in Business Administration (MBA), from the University of Liverpool, United Kingdom.

As the Chairman of 9mobile, HRH, Alhaji Nasir Bayero, remarked that he is expected to strengthen 9mobile’s market position in Nigeria’s competitive telecoms industry.

Sinfield did pick up the challenge when he promised to use his “experience and unique value propositions to lead the company in the next exciting phase of its journey.”

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Appointments

Meet Dr. Lamido Yuguda, the new SEC DG

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a CFA charter holder, and also holds a Certificate in Financial Asset Management and Engineering from the Swiss Finance Institute, Geneva, Switzerland.

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Lamido Yuguda

President Muhammadu Buhari, on Tuesday, brought an end to the 2-year long controversy surrounding the office of the Director-General of the Securities and Exchange Commission (SEC). He did this when he sent a letter to the Senate requesting the house to ratify the appointment of Dr Lamido Yuguda as Commission’s new DG.

Yuguda is an economist, banker and investment manager, with over 30 years’ experience in financial services. Let us take a closer look at Yuguda’s pedigree.

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He began his career with Central Bank of Nigeria back in 1984, just shortly after he graduated from the Ahmadu Bello University, Zaria. He was employed as a Senior Supervisor of the Foreign operations department, which manages Nigeria’s external debt records.

READ ALSO: Nigeria’s External Reserves plunge to $40.3 billion as devaluation concerns brew

In 1985, he moved to the Banking Supervision Department and had the task of handling bank licensing and prudential regulations.

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In 1988, another in-house reshuffling exercise took him to the Debt Conversion Committee Secretariat to manage the Nigerian Debt Conversion Programme together with the pioneer staff in the secretariat.

He moved back to the Foreign Operations Department in 1992, and soon after became the Senior Manager of the Investment Office. Again, his responsibilities included managing Nigeria’s external debt service, as well as managing the investment of the CBN’s external reserves in a liquid portfolio of cash, fixed-term deposits, and foreign government treasury bills.

READ ALSO: Nigeria spends $1.31 billion to service external debt in 2019

Following a secondment, he joined the International Monetary Fund (IMF) in Washington DC, the USA in 1997, as an economist in the Africa Department. In this position, Yuguda assessed the economic policies and management of balance of payment support programmes in IMF member countries.

In 2001, he returned to the CBN to lead a team of staff to restructure and diversify the CBN’s growing FOREX reserve portfolio. Together with this team, a new investment policy was adopted with the introduction of new asset classes, the appointment of a reputable global custodian and asset managers.

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Yuguda successfully upgraded the CBN’s in-house fixed-income trading and settlement capabilities and left a state-of-the-art portfolio management system as his legacy.

Patricia

By 2010, he became Director of the Reserve Management Department. He is credited with the strong risk-aware investment culture in the department, and also instilled a disciplined approach to investment evaluation.

READ MORE: UPDATE: Fitch downgrades Nigeria’s IDR to “B”, says CBN’s remedial policy not enough

After 32 years at the apex bank, he voluntarily retired in 2016. He has been a member of the Board of the Securities and Exchange Commission, and will now resume as its DG.

Yuguda has a Bachelor of Science in Accounting from Ahmadu Bello University, Zaria, having graduated in 1983. He later obtained a Master’s degree in Money, Banking, and Finance from the University of Birmingham, UK, in 1991.

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He has attended leadership training at notable business schools like Harvard, INSEAD, IMD, Saïd, Wharton, Haas, and London.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a CFA charter holder, and also holds a Certificate in Financial Asset Management and Engineering from the Swiss Finance Institute, Geneva, Switzerland.

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Appointments

Meet Sunday Thomas, new NAICOM CEO

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Meet Sunday Thomas, new NAICOM CEO

President Muhammadu Buhari has approved the appointment of Sunday Thomas as the substantive Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM).

This was disclosed by the Personal Assistant on Media to President Buhari via his Twitter handle on Sunday afternoon.

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Thomas, who replaced the immediate past acting-commissioner for Insurance Mohammed Kari, has over 30 experience in the industry as an operator and regulator.

READ MORE: FG to disburse N97.3 billion to tech innovators, agric enterprises

He was appointed Deputy Commissioner in charge of technical matters by Buhari in April 2017.

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The new NAICOM boss was formerly Director-General of the Nigerian Insurers Association in 2010.

The President also approved the appointments of two board members for Nigeria Deposit Insurance Corporation.

They are Mrs. Ya’ana Talib Yaro who was appointed as the Non-Executive Director representing the North East, and Mrs. Diana Okonta as Non-Executive Director, to fill the slot for the South-South.

READ MORE: Why Senate accelerated approval for President Buhari’s N850 billion loan request

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