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Appointments

Advans La Fayette Microfinance Bank gets a new Management team 

Advans La Fayette Microfinance Bank has announced the appointments of new executive staff members.

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Advans La Fayette Microfinance Bank makes new executive appointments 

In order to leverage its transformation drive, Advans La Fayette Microfinance Bank has announced the appointments of new executive staff members.  

The company appointed Gaëtan Debuchy as its new Managing Director/Chief Executive Officer, while Obinna Ukachukwu was appointed as the Deputy/Chief Executive Officer. More so, Jean-Luc Nzoubou was got appointed as the company’s Deputy/Chief Executive Officer 

“We are pleased to announce the appointment of Gaëtan Debuchy who will be replacing me as the new MD/CEO of Advans La Fayette MfB, he brings great banking and microfinance experience on board, with over 20 years’ experience in the finance sector creating innovative products,” the bank’s former MD/CEO, Guillaume Valence was quoted. 

[READ MORE: Ecobank Nigeria makes senior management appointments]

The new MD/CEO’s profile: Gaëtan Debuchy has 15 years of experience in the banking sector. He started his career at the Société Générale, a French multinational investment bank, where he established the migrants market segment and served as Project Manager working with five subsidiaries in Africa and Eastern Europe on the organisation of retail, focusing on innovation and entrepreneurship. 

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Debuchy lived in Senegal, where he has created, implemented, and serves as general manager of Manko. 

Ukachukwu’s profile: He is a business growth expert. His decade long experience in SME developmental finance, Retail Banking Sales, Supply Chain Finance, Credit analysis, Sales and Business Banking has given him an edge in identifying growth opportunities in businesses and developing new markets. His leadership skills have been honed over the years, through direct leadership roles, mentoring and formal education. 

Ukachukwu is the Executive in charge of business development and growth at Hygeia HMO Limited, Nigeria’s foremost health management company. He leveraged his current position to create various channels and partnerships that enabled the effective distribution of health insurance services and to create various methods to improve access to finance for operators in the health sector. He recently founded Accelerate African Ventures GTE/LTD, a platform built to mentor and support the growth of budding African businesses. 

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He was the Country Head of SME banking at StanbicIBTC Bank (Standard Bank Nigeria). In his role, he provided leadership for the bank as they sought to grow emerging businesses in Nigeria. Standard bank is the largest bank in Africa and its reach gave Obinna vast regional and global exposure in the business of SME Finance and Banking 

Ukachukwu has a Bachelors degree in Electrical Electronic Engineering, he also holds a global MBA (Finance) from the Manchester Business School; he has the Retail banking certification from the Retail Banking Academy (London), and has been involved in various developmental courses both in Africa and internationally. 

Nzoubou’s profile: He is the Deputy Chief Executive Officer of Advans La Fayette Microfinance Bank (Network). He has work experience in the finance sector spanning up to 20 years, 13 of which has been spent working in the microfinance sector.

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He joined Advans Cameroun as the director of Human Resources and Logistics for 5 years before joining Advans Cote d’Ivoire as the Branch Director/ Head of Network Expansion, Assistant Director of Operations in charge of network supervision, Operations and Litigation Manager and the Chief Operating Officer and Deputy Chief Executive Officer.  

[READ ALSO: Afromedia announces appointment of new directors]

Nzoubou has a Degree in Private Law and Criminal Sciences from the University of Douala. He holds a Master’s degree in Private Law, Business Law option, from the University of Douala, also an MBA with a major in Human Resources Management, from Ecole Supérieure des Sciences Economiques et Commerciales (ESSEC) in Douala; he worked at ADAR SA Company as Legal and Human Resources Consultant and after the completion of his MBA before he joined Advans Group. 

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He joined Advans La Fayette Microfinance Bank in 2019 taking on the role of the Deputy Chief Executive Officer (Network). 

 

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

ExxonMobil Nigeria gets new Chairman and Managing Director

The disclosure was made in a statement by the Manager Media and Communications.

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ExxonMobil to Divest oil fields in Nigeria, Domestic oil companies

Oil exploration and production giant, ExxonMobil, has announced the appointment of Richard Laing, as the new Chairman and Managing Director of its 3 affiliate firms in Nigeria with effect from August 1, 2020.

The disclosure was made in a statement by the Manager Media and Communications, ExxonMobil, Mr. Ogechukwu Udeagha, on Saturday, August 8, 2020, in Eket, Akwa Ibom State.

The 3 affiliate oil firms of ExxonMobil include Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Offshore East).

READ: Respite for Nigeria as Exxon Mobil and Shell lose $1.8 billion arbitration award  

According to the statement from ExxonMobil, Richard Laing was appointed to replace Paul McGrath, who has been appointed Vice President, Global Projects for ExxonMobil in Houston after spending more than 3 years in Nigeria.

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The statement from Ogechukwu Udeagha reads, “Prior to his appointment, Laing was executive director of oil and gas production and related support groups for all of the ExxonMobil affiliates in Nigeria.’’

”Laing joined ExxonMobil in 1989 and has held variety of engineering, planning, safety and managerial positions in upstream and downstream operations while working in the U.K, Qatar, U.S. and Nigeria,” he added.

READ MORE: N29 billion debt: AMCON appoints new Receiver, takes over Cedar Oil & Gas

Udeagha said that Laing holds a bachelor’s degree in Mining and Petroleum Engineering from the University of Strathclyde, Glasgow and Master’s in Petroleum Engineering from Heriot-Watt University, Edinburgh.

In his reaction, Liang said; “It is a privilege to lead the ExxonMobil team in Nigeria and build on the work that Paul McGrath had done over the last three years.

“I look forward to the work that lies ahead and continuing the company’s outstanding relationships.”

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Appointments

MRS Oil announces resignation of its MD, appoints an acting MD

The disclosure was made in a notification by the oil marketing giant.

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MRS Oil Nigeria Plc reschedules board meeting, closed period

Oil marketing giant, MRS Oil Nigeria Plc, has announced the resignation of its Managing Director, Mrs Priscilla Thorpe-Monclus with effect from August 5, 2020, and the subsequent appointment of Mr Marco Storari as the Managing Director in an acting capacity.

The oil firm also announced the resignation of one of its directors, Mr Christopher Okorie, also with effect from August 5, 2020.

The disclosure was made in a notification by the oil marketing giant, which was sent to the Nigerian Stock Exchange (NSE) on August 7, 2020, and signed by its Company Secretary O.M. Jafojo.

The statement from MRS Oil Nigeria Plc reads:

At the Board Meeting of August 5, 2020, the Board of Directors of MRS Oil Nigeria Plc, considered and approved the resignation of Mrs Priscilla Thorpe-Monclus as Managing Director and Director of the Company, and the resignation of Mr Christopher Okorie as Director of the Company, effective August 5, 2020.

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“The Board of Directors also considered and approved the appointment of Mr Marco Storari as Director and Managing Director (Acting) of the Company.’

According to the statement, Mrs Thorpe-Monclus, during her tenure as the Managing Director, showed great commitment and dedication in her drive for the new MRS Brand, which resulted in the unveiling of three new retail outlets in Lagos, one in Owerri, two in Kano and two new outlets in Abuja. It also resulted in an overall business turnaround for the oil company.

The board commended the efforts of Mrs Thorpe-Monclus and Mr Okorie to the growth of the company and wished them the best in their future endeavours.

Mr Marco Storari, on the other hand, is a seasoned leader with more than 3 decades’ experience in the management, shipping, trading and terminal operations in the industry. He has held various high-level positions where he recorded business successes in companies in Italy, Monaco and Nigeria.

He was, until his appointment as Acting Managing Directors, the Group Executive Director, Storage and Terminal for MRS Holdings Limited. He has been a driving force in the transformation of the MRS Group over the last 10 years.

The Board of Directors of MRS has expressed its confidence in the ability of Storari to bring to bear his wealth of experience in the industry, to improve business efficiency.

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MRS Oil Nigeria Plc is a fully integrated and efficient downstream player, with leading positions in the Nigerian Oil Industry. The oil firm, with its head office in Nigeria’s commercial capital, Lagos, previously traded under the name Texaco Nigeria Plc. It has 3 business units namely sale of petroleum products at retail outlets, sale of aviation fuel, and blending of lubricants.

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Appointments

Nnaemeka Ewelukwa assumes office as new MD/CEO of NBET

Dr, Eweluka replaced the sacked Dr. Amobi as NBET Chief before full assumption in August 2020.

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Dr Nnaemeka Ewelukwa has assumed office as the new Managing Director/Chief Executive Officer of the Nigerian Bulk Electricity Trading (NBET) Plc. This was announced earlier today by the Federal Government of Nigeria.

The Backstory: In December 2019, the former CEO of NBET, Dr Marilyn Amobi, was suspended by Nigeria’s Minister of Power. This followed a series of complaints made against Dr Amobi who was appointed to the position in 2016. Following her sack, the Minister of Power also noted that he was seeking to bring sanity back to the system. A committee was also set up to investigate the many complaints against the former NBET CEO.

“In view of this, the minister has also directed the Constitution of a 5-man investigative committee to look into the myriads of complaints against the MD/CEO (of NBET) with the view of restoring sanity in the management of the company. Consequently, she is to handover to the most senior director in the organisation,” a statement issued by Aaron Artimas, the spokesman of the Minister of Power had read.

Interestingly, President Muhammadu Buhari reinstated Dr Amobi in January this year, but then finally sacked her later in June. Now, Dr, Eweluka, who was earlier announced as Amobi’s replacement, has now taken over.

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Before now, Eweluka was appointed the General Counsel and Company Secretary of NBET in march 2012. He has also served as a Technical Adviser with the Presidential Task Force on Power (PTFP) where he was a member of the Regulatory and Transactions Monitoring Unit.

He graduated with an LLB from the  University of Nigeria Nsukka, an LLM in International Business Law from the London School of Economics and a PhD from Queen Mary, University of London.

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