Ecobank Nigeria has started a leadership transformation as it recently announced the appointment of 5 new senior management executives in the bank. Those appointed include:
- Kenneth Okere, as Company Secretary & Chief Legal Counsel;
- Ibukunoluwa Oyedeji, as Chief Financial Officer (CFO);
- Abiola Aderinola, as Financial Controller;
- Adetokunbo Uko, as Treasurer; and
- Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control.
While commenting on the appointments, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said the appointments were in line with the bank’s programme and that the bank had promoted over 950 staff early this year as it was committed to providing exciting career opportunities to deserving staff.
[READ MORE: International Breweries appoints a new Director]
Kenneth Okere’s profile: Okere has over 26 years of legal experience. He has held various senior roles within the Legal department in Ecobank Nigeria. He previously worked at Metropolitan Bank, Omega Bank and Bayo Osipitan & Co. (Legal Practitioners). Kenneth Okere holds LL.B, B.L and LL.M in Law from the University of Jos and University of Lagos respectively. He is also a member of both the Nigerian Bar Association (NBA) and the International Bar Association (IBA).
Ibukunoluwa Oyedeji’s profile: Oyedeji has over 20 years of experience in funds/assets management, credit analysis, treasury management and securities trading. She was until this appointment the Country Head for the Securities, Wealth and Assets Management business of the Ecobank Group. She previously worked at the FBN Capital Assets Managements, Guaranty Trust Bank Plc, Goldman Sachs International, HSBC Global Market and Morgan Stanley international.
Oyedeji holds a Bachelors’ degree in Economics from the University of Ibadan and Master’s degree (MSc) in International Securities and Investment Banking from ISMA Center, University of Reading, UK. She is a CFA holder, Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate of the Chartered Institute of Stockbrokers (CIS) of Nigeria.
Abiola Aderinola’s profile: Aderinola has over 19 years of banking experience covering various aspects of financial control function & regulatory reporting, MIS, performance management, management & statutory reporting, and strategic planning. He started his banking career with the Metropolitan Bank and later on in his career worked as the Chief Financial Officer (CFO) of Ecobank Zambia. Abiola holds a B.Sc Degree in Banking & Finance from Olabisi Onabanjo University, an MBA from the University of Lagos and a Diploma in International Financial Reporting. He is also an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA) and an Associate Member, Accounting Technician (AAT).
Adetokunbo UKo’s profile: Uko has 25 years of banking experience covering Treasury and Financial institutions Marketing, Retail Banking, Public Sector, Credit & Marketing and Branch Operations. She began her banking career with Gulf Bank in 1994 working in Branch Operations, Sales/Marketing roles, and Treasury. She also worked at Oceanic Bank (now Ecobank) as Head, Treasury & Financial Institutions and Treasurer. Adetokunbo is a member of the Financial Markets Dealers Association (FMDA) and Chartered Institute of Bankers of Nigeria (CIBN). She holds an MBA from Obafemi Awolowo University and a B.A. in English from Ogun State University.
Akintunde Dawodu’s profile: Dawodu started his banking career in 1996 with Guaranty Trust Bank where he worked in Branch Operations. He was until recently Managing Partner for BILD professional services. Tunde possesses over 18 years of valuable banking experience. He holds a B.Sc Degree in Finance from the University of Lagos, Nigeria. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA), Associate Member of the Chartered Institute of Bankers of Nigeria (ACIB), Associate Member of the Chartered Institute of Taxation of Nigeria (ACTI) and an Associate Member of the Nigeria Institute of Management (AMNIM).
Lamido Yuguda assumes duty as new DG of SEC
Yuguda says his management promises no respite for anyone who defrauds investors.
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.
“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.
“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.
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.
UBA Group announces appointment of Deputy Managing Directors for Nigeria and Africa
The bank reports the creation of the new positions represents strategic recognition of the growth of its pan-African business.
United Bank for Africa Plc (UBA), the leading pan-African financial services group, is pleased to announce the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively.
The creation of the new positions, reporting to Group CEO, Kennedy Uzoka, represents further strategic recognition of the growth of UBA’s pan-African business, now representing in excess of 40% of Group revenue, and the critical importance of Nigeria, the Group’s largest market. Combined with UBA’s unique International Business, operating from New York, London and Paris, UBA Africa and Nigeria, offer an unparalleled service offering to clients across Africa and globally.
Commenting on the appointments, Group Chairman Tony O. Elumelu said:
“In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent. In Africa, we lead in innovation and service, whilst our International Business, operating from New York, Paris and London, provides global and African clients access to treasury, trade finance and corporate banking products, uniquely tailored to the African opportunity. These senior appointments represent our commitment to optimise our management structure to best serve our clients and drive our business success.”
Oliver Alawuba has worked with the UBA Group for almost 20 years and was appointed in January 2020, CEO for the Group’s Africa operations. Oliver’s knowledge of UBA’s business in Africa is unrivalled. He previously held the role as CEO of UBA in Ghana and more recently, as Regional CEO for UBA in Anglophone Africa.
Ayo Liadi joined the UBA Group in 2014 and was appointed the Executive Director of Lagos and West bank in Nigeria, two years later. Ayo is widely recognised for his innovation in driving business development.
Also announced today by the UBA Group Board, was the retirement from the Board with effect from August 01, 2020, of Dan Okeke who has been with the UBA Group for 22 years. Dan served on the board as an Executive Director for three terms and a total of nine years. According to the Group Chairman, ‘Dan was born for UBA. He has worked tirelessly for the Group and achieved so much in the past two decades. We will miss him, but he will still be very much around us’.
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UBA is one of the largest employers in the financial sector on the African continent, with approximately 20,000 employees group-wide and serving over 20 million customers. Operating in 20 African countries and globally in the United Kingdom, the United States and France, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge products such as the first-ever banking chatbot in Africa, LEO.
Vodacom Nigeria gets new MD
Valentine joins the Company from Aruwa Capital, a private equity company investing across West Africa.
Vodacom Business (Nigeria) Limited has appointed Mr Valentine Chime as the Managing Director of its operations. According to a statement from the company on Monday, the appointment is at the instance of the board of directors.
He will now drive the company’s vision of becoming Africa’s leading cloud and digital service provider, the statement read.
Prior to this appointment, Valentine Chime was with Aruwa Capital, a private equity company investing across West Africa. He also worked at Kaizen Venture Partners, a private equity company focused on distressed assets. He has held various C-suite positions in a number of portfolio companies in different sectors.
Chime expressed his enthusiasm to take up the position and challenge of building the Vodacom brand in the country. He said:
“Vodacom Business Africa (Nigeria) Limited is well-known and very respected in the industry, and I look forward to taking up this mission.
“Covid-19 has accelerated digital transformation, and we are perfectly positioned to deliver intelligent connectivity through seamless delivery of cloud and digital services and technologies to our clients.”
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