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Appointments

Access Bank gets new directors 

Access Bank Plc has announced the appointment of Dr Okey Nwuke and Mrs Ifeyinwa Osime as its Non-Executive Director and Independent Non-Executive Director.

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Access Bank gets new directors 

Access Bank Plc has announced the appointment of Dr Okey Nwuke and Mrs Ifeyinwa Osime as its Non-Executive Director and Independent Non-Executive Director respectively.

In a notification published on the website of the Nigerian Stock Exchange, the lender made it known that the appointments were subject to the approval of the Central Bank of Nigeria.

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The bank, however, noted that the appointees’ wealth of experience would be a great addition to the existing mix on the Board.

Access Bank gets new directors 

Mrs Ifeyinwa Osime

Nwuke’s Profile: Dr Okey Nwuke has over 28 years of experience in finance and corporate governance working with top corporates and leading commercial banks in Nigeria. He is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and Chartered Institute of Taxation of Nigeria (CITN), an honorary member of Chartered Institute of Bankers of Nigeria (CIBN) and a member of Business Recovery and Insolvency Practitioners Association of Nigeria (BRIPAN).

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He has considerable expertise in credit analysis and bank financial management through professional training as a chartered accountant and from relevant on the job training. Dr Nwuke is deeply versed in management of financial institutions having held Executive Director position in Access Bank from 2004 to 2013. He served as the Chairman of the Board of Directors of the Bank’s subsidiaries in Rwanda and Burundi and was a pioneer Non-Executive Director of StanbicIBTC Pension Managers Limited representing the Bank.

[READ MORE: Appointment of Dr. (Mrs.) Ajoritsedere Awosika, MFR as chairman of Access Bank Plc]

Dr Nwuke’s key competencies span across finance, strategy development and execution, organizational restructuring and transformation, leadership and change management. He joined the Board of Coscharis Group in August 2014 and is currently responsible for the strategic drive to position it for sustainability beyond the founder’s lifetime. He currently chairs the Shareholders’ Audit Committee of NASCON PLc.

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He holds a B.Sc. Degree in Accountancy from University of Nigeria, Nsukka and an MBA (Distinction) in International Banking and Finance from the Birmingham Business School, United Kingdom. Dr Nwuke also holds a Doctorate Degree in Business Administration (DBA) from Walden University, Minnesota, USA with a research focus on leadership transition challenges in family businesses. He has been exposed to leadership and professional development programmes at globally renowned institutions.

Osime’s Profile: Mrs Ifeyinwa Osime is a versatile and result-oriented professional with over 30 years of experience in the insurance industry and commercial legal practice at management and board levels. She has deep knowledge and experience in the management of administrative, legal, and company secretarial functions in financial and other related institutions.

She had championed and established a special needs programme which is actively involved in the management and care of children and young people with special needs. She is currently a Partner at Macpherson Legal Practitioners, a Lagos-based law firm.

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Mrs Osime is an Independent Non-Executive Director of WAPIC Insurance Plc and WAPIC Life ltd. She was the former Chairperson of PHB Healthcare Limited, former Director, Bank PHB Plc (now Keystone Bank Limited) and a former Director, Insurance PHB Limited (now KBL Insurance). She was the Company Secretary/Legal Adviser of African Development Insurance Company Limited (now NSIA Insurance) between 1989 and 1997.

She holds an LLM Degree from University of London (1989) with specialization in Corporate and Commercial Law and an LLB Degree from the University of Benin (1986). She is a member of the Institute of Directors and has attended several leadership and professional development programmes at globally renowned institutions.

[READ ALSO: Halima Dangote appointed to head Commercial Operations of Dangote Industries Limited]

While commenting on the appointments, the Chairman of the Access Bank, Mosun Belo-Olusoga, said the appointments were in line with the bank’s transformation phase. Nairametrics had earlier reported that Mrs Ajoritsedere Awosika would replace Belo-Olusoga as the Chairman of the bank in 2020.

We are very delighted to welcome the new appointees to the Board of Access Bank. These individuals have been chosen based on their exceptionally rich, professional, academic and corporate board experiences which are all relevant to the needs of our Board.

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“As we prepare for the next phase of our enterprise transformation, we continue to strengthen our board diversity. We are strongly convinced that their skills will no doubt add significant value to our quest to becoming Africa’s Gateway to the World,” Belo-Olusoga stated.

Patricia

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

World Bank appoints 2 Vice Presidents for newly created divisions in Sub-Saharan Africa

The newly created divisions are a sign of the strong commitment of the World Bank to Africa.

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The World Bank has announced the appointment of 2 Vice Presidents for the newly created divisions in the Sub-Saharan African Regional portfolio, which was announced earlier in the year 2020.

This was disclosed by the Bretton Woods Institution in a press statement released on Wednesday July 1, 2020.

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The newly created divisions – Western/Central Africa and the Eastern/Southern Africa – are a sign of the strong commitment of the World Bank to Africa.

The Sub-Saharan region had been led since 2018 by Hafez Ghanem, who now takes on the role of Vice President for Eastern and Southern Africa, while Ousmane Diagana becomes Vice President for Western and Central Africa today.

According to Hafez Ghanem, “Our commitment to Africa gets stronger every day and I am thrilled to work alongside Ousmane Diagana to deliver more resources to the people who need them the most. We are two Vice Presidents, but we see Africa as one, and will continue sharing lessons, expertise, and ideas across the continent.”

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READ MORE: By 2030, nine in ten extremely poor people will be Africans

The creation of an additional Vice Presidency Unit is part of the World Bank Group’s continuous efforts to align resources with priorities. This will help drive the reforms and policies needed to achieve sustained and broad-based growth, alleviate poverty and raise living standards for people on the continent.

In his statement Ousmane Diagana said, “I am honored to lead the Bank’s efforts in West and Central Africa, with a strong focus on innovation, impact, and transformation. Working together with Hafez, I know we can and will do more to put countries and people first and find ways to confront today’s development challenges using all of the tools at our disposal.”

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Diagana’s appointment comes as the Bank looks to strengthen the delivery of its Africa program and further improve its operational focus on regional portfolios to better support the transformational improvements that are possible in Africa.

READ MORE: FG inaugurates gold refinery project, boosts smaller-scale mining operations

The World Bank is expected to lend about $50 billion to 48 countries in Sub-Saharan Africa, which is significantly more than what will be spent in any other region. This also makes up to one-third of the World Bank’s entire portfolio, which includes projects and programmes in areas like agriculture, energy, trade and transport, education, health, water and sanitation.

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Ousmane Diagana is a Mauritanian national with more than 25 years of development experience, Diagana joined the Bank in 1992. As the Vice President of Western and Central Africa, Diagana will lead the World Bank’s strategic, analytical, operational and knowledge work in Western and Central Africa.

Since joining the Bank, Diagana has held several technical and managerial positions including Country Director for Mali, Niger, Chad, Guinea, and Country Director for Cote d’Ivoire, Burkina Faso, Guinea, Benin and Togo. Diagana has worked extensively in Fragile, Conflict and Violence (FCV) affected countries.

READ MORE: World Bank approves $750 million loan to Nigeria for power sector

Prior to this appointment, Diagana was the World Bank Group Vice President for Human Resources. He also served as Vice President for Ethics and Business Conduct and World Bank Group Chief Ethics Officer. As World Bank Group Vice President for Human Resources, he has been central to many initiatives to bring staff closer to clients, particularly in FCV client countries.

Hafez Ghanem, an Egyptian and French national, is the Regional Vice President for Eastern and Southern Africa. A development expert with over 30 years of experience, Dr. Ghanem leads relations with 26 countries, and oversees over 280 projects totaling more than $49 billion.

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Prior to his appointment, Dr. Ghanem served as the Vice President for Africa. Under his leadership, the World Bank supported inclusive growth and poverty reduction by financing projects that boost human capital, support private sector development, raise agricultural productivity, improve access to infrastructure, build resilience to climate change, and promote regional integration.

Intensifying assistance for fragile and conflict-affected states, promoting gender equality, and providing economic opportunities for youth were core to his vision for the Africa Region.

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Appointments

SEC reinstates DEAP Capital’s Board

The Board of Directors is expected to have an Annual General Meeting within 6 months.

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Lamido Yuguda

Deap Capital Management & Trust Plc (DEAPCAP) has announced that the Securities and Exchange Commission (SEC) has reinstated its former Board of Directors that had been appointed at the 2014 Annual General Meeting. It noted that the SEC did so via its letter dated 1st June 2020.

The board comprises Murtala Aliyu who serves as the Chairman, William Odudu, a Director, and Jacob Esan who is the Managing Director, and they had taken office on the 22nd of June 2020.

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“The decision on the re-instatement is based on the Securities and Exchange Commission’s non-recognition of the 2013 – 2018 Annual General Meeting and the resolutions made at the meeting,” the company’s press release noted.

The 2013 – 2018 Annual General Meeting was held on 22nd August 2019 in Lagos, Nigeria. Also, the Board of Directors is expected to have an Annual General Meeting within 6 months in addition to a number of other duties.

About Deap Capital Management & Trust Plc

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Deap Capital Management & Trust Plc was founded in 2002 as a specialist fund and portfolio management company. Today, it is a top investment banking, securities and investment management firm that provides an array of financial services to a substantial and well-diversified clientele.

 

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Patricia
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Appointments

Omoluabi Mortgage Bank appoints new MD, five other directors

All appointments are subject to the approval of the Central Bank of Nigeria.

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Omoluabi Mortgage Bank has appointed Adewole Adekunle as the Managing Director of the bank.

This appointment was announced by the bank in a notice signed by the company secretary, Olabisi Fayombo, and sent to the Nigerian Stock Exchange on Wednesday.

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The company also announced the appointment of five other directors – Oyewole Olowu as Executive Director, Mr Adewole Adeniran, Mr Yemi Adefisan and Mr Olufemi Adesina as non-executive directors, and Mrs Fehintola Ibidunni Olatunde-Agbeja as Independent Director.

All appointments are subject to the approval of the Central Bank of Nigeria.

The new MD, Mr Adekunle is a banking professional with over 2 decades experience cutting across areas like retail, commercial, corporate banking, corporate strategies, and credit recoveries.

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He has served in various positions in Omega bank (now Keystone Bank), Standard Trust Bank (now UBA), Broad bank (now Union bank), and Sterling Bank.

READ MORE: TCN MD, Abdulaziz, four directors receive appointment letters

He has 2 MBAs in Marketing and Finance from the University of Ado-Ekiti and the Metropolitan School of Business and Management, UK. He also has a Masters in Business Law and a certificate in Global Management (CGM).

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He is an alumnus of the INSEAD Global management program, as well as the Lagos Business School Advanced Management Program.

He is a member of the Nigerian Institute of Management and an honorary senior member of the Chartered Institute of Bankers of Nigeria.

Adekunle brings to his position, a deep knowledge of the market, and business fundamentals relevant to Mortgage marketing.

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Patricia
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