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Appointments

RT Briscoe Nigeria Plc appoints new Executive Director, CFO 

The Board and Management of R.T. Briscoe Nigeria Plc have announced the appointment of Olorunfemi A. Eguaikhide and Jubril Adetokunbo Shittu

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RT Briscoe Nigeria Plc appoints new Executive Director, CFO

The Board and Management of R.T. Briscoe Nigeria Plc have announced the appointment of Olorunfemi A. Eguaikhide and Jubril Adetokunbo Shittu as its new Executive Director and Chief Financial Officer (CFO) respectively.   

This was disclosed in a notification to the Nigerian Bourse by the firm’s Managing Director, Seyi Onajide. The appointments have been effective since Sunday, 1st September 2019.  

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About Olorunfemi A. Eguaikhide 

The newly appointed Executive Director is an alumnus of the prestigious Lagos Business School (LBS) of the Pan Atlantic University, having attended the school’s Advanced Management Program (AMP) in 2016. He holds a Post graduate Diploma in Business Administration and an MBA in Marketing Management from the Enugu State University of Science and Technology. He is also a full member of the Chartered Institute of Personnel Management of Nigeria (MCIPM), Associate of the Nigerian Institute for Training and Development (AITD), Fellow of the Institute of Credit Administration (FICA) and a Fellow of the Institute of Corporate Administration of Nigeria. 

Prior to his joining R.T Briscoe, Mr Eguaikhide had served in various capacities within the Genesis Group as AGM Hotels, DGM Human Resources and IT, General Manager HR & IT, General Manager Operations and Chief Operations Officer at The Bridge Healthcare Company. He joined R.T Briscoe (Nigeria) Plc as Group Head, Human Capital Development in 2012 and was seconded to the BriscoeFord dealership in 2014 as its General Manager. 

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Mr Eguaikhide was appointed the Head of Briscoe Motors with responsibility for the motor business in July 2017 and the Chief Operating Officer of the company with effect from July 27, 2018 before his recent appointment as Executive Director. 

About Jubril Adetokunbo Shittu 

The newly appointed Chief Financial Officer is a Chartered Accountant and the holder of a bachelor’s degree in applied accounting from the Oxford Brookes University, United Kingdom and an MBA in Marketing from the University of Lagos. He has also attended various leadership and management training programmes within and outside the country. 

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Shittu has over 20 years’ professional working experience garnered from serving in various finance and accounting positions. 

[READ ALSO: Ebenezer Onyeagwu succeeds Peter Amangbo as Zenith Bank’s new MD/CEO]

He began his career in 1998 as an Accountant with Premier Paints Plc and subsequently served as an Accounts Manager in Petrolog Limited, an oil servicing company. He joined the UAC of Nigeria Plc (UACN) group in March 2005 where he held various management positions as Management Accountant and Finance Controller-Transport & Distribution at MDS Logistics Division, Group Co-coordinator, IFRS Conversion Project and Financial Controller at Portland Paints and Products Nigeria Plc (a subsidiary of UACN).  

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Mr. Shittu joined R.T. Briscoe (Nigeria) Plc in January 2016 as the Head, Management Accounts & Control and was promoted in January 2018 as Assistant General Manager, Finance/Deputy CFO. He served as the Acting Chief Financial Officer of the company from September 4, 2018 before his recent appointment as the substantive Chief Financial Officer. 

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Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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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.

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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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Appointments

Heirs Holdings Appoints Dan Okeke as Group Executive Director

Mr Okeke joins Heirs Holdings following a distinguished three-decade career at the UBA.

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Pan-African investment company, Heirs Holdings this week announced the appointment of Dan Okeke as Group Executive Director.  The appointment took effect from August 01, 2020.

Mr Okeke joins following a distinguished three-decade career at the United Bank for Africa Plc (UBA), where he most recently served as an Executive Director, responsible for leading consumer, commercial and public-sector businesses.  At HH, he will be responsible for business coordination and growth across Heirs Holdings’ portfolio of pan-African investments in the power, financial services, oil and gas, hospitality, real estate, healthcare, and financial technology sectors.

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Heirs Holdings is a family-owned investment company committed to improving lives and transforming Africa.  Our portfolio spans the power, oil and gas, financial services, hospitality, real estate, and healthcare sectors, operating in twenty-three countries worldwide.  Driven by the Africapitalism philosophy of the Group’s founder, Tony Elumelu, which positions the private sector as the catalyst of African growth and seeks both social and economic returns on investment, Heirs Holdings invests for the long-term, bringing strategic capital, sector expertise, a track record of business turnaround accomplishment and operational excellence to companies within its investment portfolio. Celebrating its tenth anniversary this year, Heirs Holdings has recorded consistent business success across its portfolio of investments.

Commenting on the appointment, Chairman, Heirs Holdings, Tony Elumelu, stated: “As we continue to grow in scale and complexity, Dan’s appointment demonstrates our ongoing commitment to institutionalisation.  We have always recognised the need to invest in human capital.  This announcement is a clear demonstration of our intent and determination to create sustainable value in all our business operations.”

“I am delighted to take on this new challenge and look forward to contributing towards the fulfillment of Heirs Holdings’ objective of improving lives and transforming the Continent,” Mr Okeke stated on his appointment.

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Appointments

Buhari appoints 2 new deputy commissioners for NAICOM 

This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate.

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President Buhari may sign 2020 Budget tomorrow, President Buhari approves N37 billion for National Assembly renovation, President Buhari appoints Sarki Auwalu to head DPR , FG may stop interstate and inter-town travels, COVID-19: President salutes Elumelu, Dangote, Atiku, Banks, others for support, Naira export earnings, Covid-19: FG to set up N500 billion intervention fund, sovereign wealth, FG issues guidelines on implementation of gradual easing of lockdown nationwide

President Muhammadu Buhari on Monday appointed Alhaji Sabiu Abubakar and Mr. Oba Oluniyi as two new Deputy Commissioners of the National Insurance Commission (NAICOM). This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate, Mr. Rasaaq Salami. 

READ MORE: Nigeria to build 142 agro-processing centres

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Salami disclosed that Abubakar would be Deputy Commissioner for the Technical, while Oluniyi would assist with the running of the Finance and Administration (F&A) also Department.

NAICOM said that the appointments of the 2 new Deputy Commissioners would be effective from the 17th of July, and they will both serve as Deputy Commissioners for five years.

More details shortly…

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