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Appointments

Ernest Ndukwe steps down from Access Bank’s board 

Access Bank Plc has notified the NSE and the general public of the resignation of Ernest Ndukwe as an Independent Non-Executive Director.

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Ernest Ndukwe steps down from Access Bank’s board 

The Board of Directors of Access Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the resignation of Ernest Ndukwe as an Independent Non-Executive Director from the bank’s board.

Ndukwe’s resignation is to take effect from March 31, 2020. According to the statement, Ndukwe resigned from the board to enable him focus on other responsibilities.

“The Board of Directors of Access Bank hereby announces that Ndukwe has indicated his intention not to seek re-election during the bank’s 2020 AGM. Accordingly, he has resigned from the board, effective March 31, 2020, to enable him focus on his current and additional responsibilities. 

Ernest Ndukwe steps down from Access Bank’s board 

Ernest Ndukwe

“Ndukwe has confirmed that he has no disagreement with the board and there are no issues relating to his resignation that needs to be brought to the attention of the bank’s shareholders or the regulatory authorities.

“The board is identifying the right candidate to fill the resultant vacancy as soon as possible, and further announcement will be made in this regard, in due course,” the statement read.

[READ MORE: Massive shakeup in Dangote Flour as key Board members resign, appoints new ones]

A look into Ndukwe’s profile: Ernest Ndukwe joined the Board of Access Bank in December 2012 as an Independent Director. He is an Electrical/Electronics Engineer with over three decades of experience in the telecoms industry.

Deal book 300 x 250

Before he delved into the world of banking, Ndukwe was the Managing Director of General Telecoms between 1989 and 2000 and Executive Vice-Chairman of Nigerian Communications Commission between 2000 and 2010. He previously served on the Presidential Committee on Job creation.

Ndukwe is a graduate of the University of Ife and an alumnus of Lagos Business School. He is also a fellow of the Nigerian Society of Engineers, Nigerian Institute of Management (FNIM) and Nigerian Academy of Engineering (NAE). He is a faculty member of  Lagos Business School where he heads the Centre for infrastructure Policy, Regulation and Advancement (CIPRA).

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 - [email protected]

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Appointments

Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.

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Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Nairametrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.

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Appointments

Africa Prudential announces appointment of Zubaida Rasheed as Director

Zubaida Rasheed has been appointed as an Independent Non-Executive Director by Africa Prudential Plc.

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African Prudential could be worth more than N4.55

The Board of Africa Prudential Plc has ratified the appointment of Mrs. Zubaida Mahey Rasheed as an Independent Non-Executive Director, effective February 24, 2021, subject to regulatory approval from the Securities and Exchange Commission.

This is according to a notification signed by the Company’s secretary, Joseph Jibunoh, and made available to the Nigerian Stock Exchange.

Given her profile and wealth of experience, the Board strongly believes that the appointment will strengthen the company by consolidating its digital transformation drive and ensuring its smooth transition from its core registrar business to providing digital solutions and technological services.

About Zubaida Mahey Rasheed 

Mrs. Zubaida is a distinguished technocrat with over forty years’ experience in the public and private sectors. A sizeable number of the aforementioned years were spent in NITEL Plc, where she served for 23 years, rising to the position of Executive Director.

Mrs. Zubaida is currently the Deputy Coordinator of Technical Working Group (TWG) for the preparation of Medium-Term National Development Plan (MTNDP) 2021-2025 & Nigeria Agenda 2050 (Business Environment, Trade, Competitiveness, and Product Space Mapping).

She is an alumna of Ahmadu Bello University (ABU), having obtained a BSC degree in Economics in the aforementioned institution. She holds professional membership in the Nigerian Institute of Management and National Institute of Marketing, Nigeria.

What you should know

  • Africa Prudential Plc had earlier declared a dividend of 50 kobo each, totaling N1 billion for its shareholders.
  • Africa Prudential Plc formerly known as UBA Registrars Ltd was incorporated as a private limited liability company on 23rd March 2006 to take over the registrar services formally operated as a department by its former parent – UBA Global Market Limited.
  • The company was listed on the Nigerian Stock Exchange on the 17th of January, 2013. It currently manages over 80 corporate clients in both the public and private sectors.

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