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Dangote Cement: Makoju retires after 45 years in industry

The Group Managing Director/CEO of Dangote Cement Plc, Engr. Joseph Makoju mni will retire as GMD/CEO effective January 31, 2020.

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Dangote BlocMaster, Dangote Cement: Makoju retires after 45 years in industry

The Group Managing Director/CEO of Dangote Cement Plc (https://www.Dangote.com/), Engr. Joseph Makoju mni will retire as GMD/CEO effective January 31, 2020, a position he has held since 2018, according to a report from the Nigerian Stock Exchange.

Engr. Makoju, popularly called Mr. Cement, is bowing out after 45 years of transformational leadership in the cement industry. The Board has however approved the appointment of Mr. Michel Puchercos as his replacement as the Group CEO, effective 1st February 2020.

Michel Puchercos has resigned from Lafarge Africa, Dangote Cement gets a surprising replacement for Joseph Makoju as he retires 

Michel Puchercos

The outgoing GMD/CEO of Nigeria’s largest cement manufacturer, holds a B. Sc (1st Class) honours degree in Mechanical Engineering from University of Nottingham, UK and an M.Phil. in Mechanical Engineering from the same university. He is also an alumnus (mni) of the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos, Plateau State.

Before his current position, Makoju was Honorary Adviser to the President/Chief Executive of Dangote Industries Limited, Aliko Dangote, from 2009 to 2018. He was also Chief Operating Officer, Dangote Cement. He has worked in several world-class organisations including Shell-BP; Blue Circle (UK), and WAPCO which he headed as Managing Director/CE for about a decade before taking up an appointment as Managing Director/CE of the National Electric Power Authority (now Power Holding Company of Nigeria).

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He served as Special Adviser (Electric Power) to the President, Federal Republic of Nigeria under two separate Administrations. He was pioneer Chairman of the Board of the West African Power Pool for eight years and remains today an Honorary Member of the board. He is also Chairman of the Cement Manufacturers Association of Nigeria (CMAN).

Engr. Makoju belongs to several professional bodies including the Nigerian Society of Engineers, Nigerian Institute of Management and British Institute of Mechanical Engineers.

He holds a number of awards including a national honour from the Federal Republic of Nigeria – Officer of the Federal Republic of Nigeria (OFR) and a national honour from the Republic of Niger – Grand Commander of the Special Order of Merit (GCSO).

Mr. Puchercos, who until his latest appointment, was the Group Managing Director and Country CEO of Lafarge AFRICA (March 2016 – Jan 2020), a company listed on Premium Stock Exchange (Lagos).

He has more than twenty years’ experience in the Cement industry.  He had worked extensively at Lafarge, including as the President & Chief Executive Officer of Lafarge Halla Cement, Director of Strategy and Systems at Lafarge Gypsum through Chief Executive Officer of Bamburi Cement, Kenya, Hima Cement, Uganda and Chairman, Mbeya Cement, Tanzania.

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Distributed by APO Group on behalf of Dangote Group.

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Dangote Group

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1 Comment

1 Comment

  1. Anonymous

    January 19, 2020 at 7:09 pm

    Congratulations Aliko Dankote

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YPO Lagos chapter and Lagos State Government appreciates donors for support towards Eti-Osa isolation center

YPO and LASG has published the names of donors to the isolation centre in Eti-Osa LGA.

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The Lagos Chapter of Young President Organization (YPO) and the Lagos State Government appreciates the donations by well-meaning sponsors towards the construction of the world-class Eti-Osa Isolation Center in combating the COVID-19 pandemic.

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Old Mutual supports LASG’s remote learning drive in vulnerable communities

The programme is targeted at students with limited or zero access to internet-based virtual learnings.

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In response to the Covid-19 inspired shutdown of schools in Lagos State, the Nigerian subsidiary of the pan-African
insurance firm and global financial services provider, Old Mutual Limited, has partnered the Lagos State Ministry of Education to drive remote learning for students in vulnerable communities.

Senior representatives from Old Mutual and the Lagos State Ministry of Education kicked off the presentation of free 10,000 radio units to students at St. Francis Jnr Grammar School in Iwaya Lagos on Monday, July 27, 2020

The programme, which involves the broadcast of curriculum-based education through radio, is targeted at students in vulnerable communities with limited or zero access to internet-based virtual learnings. Old Mutual is ensuring that the remote learning initiative reaches 10,000 homes by donating free radio units to be distributed to schoolchildren across these underprivileged districts in Lagos State.

In her remark, the Executive Head, Marketing & Customer Experience, Old Mutual, Alero Ladipo said, “we understand that despite the impressive growth in internet connectivity and access in Nigeria, there are low-income families who cannot afford to access internet-based virtual learnings, which is fast becoming the conduit of
remote education.

“As an organisation, we believe that no one should be left behind in the provision of quality education. So, we are proud to partner the Lagos State Government, who shares the same ethos and have evolved a low-tech and affordable strategy to drive remote education through radio broadcasting. Our support is to enable children from
10,000 low-income families, who cannot afford a radio set, to be able to tune in to this remote education during this pandemic.”

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The Lagos State Commissioner for Education, Mrs. Folashade Adefisayo, who was represented at the event by the Director, Public-Private Partnerships, Lagos State Ministry of Education, Dr. Olufunke Oyetola stated that the support from Old Mutual would help the state in its quest to broaden the scope of education in the state. “The Old Mutual support is coming at a critical time when we need more hands to help build the future of our children. This exemplary gesture will help us to accelerate the adoption of virtual and remote learning as education and schooling would never remain the same post-COVID-19,” she said.

“As a government and promoters of quality education in the state, we have put in place adequate measures to track the development and usage of the devices by the children for educative purposes. We believe the children would put the materials to good use,” she added.

ABOUT OLD MUTUAL

Old Mutual General Insurance Company and Old Mutual Nigeria Life Assurance Company are part of the globally acclaimed Old Mutual brand, which has over 175 years of experience in providing life assurance and wealth, personal finance, savings, and general insurance services.

Old Mutual, since its entry into the Nigerian market, had leveraged its heritage and expertise, launching a wide range of insurance solutions tailored to meet the unique needs of Nigerian’s insurable population and corporate clients.

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“We enable ATM withdrawals without a card” – Ecobank

With Xpress Cash, customers can send money to their loved ones who are not even banked.

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Ecobank Transnational's 32nd AGM

Ecobank has stated that cash withdrawals can be made at all its ATMs, without a card. The Ecobank cardless withdrawal concept, Xpress Cash, enables users to withdraw cash from ATMs using only a mobile phone, no ATM card is required.

The solution is seamless, secure and is driven by the generation of a code (e-token) by an account holder via the bank’s USSD code *326# or mobile app, Ecobank Mobile.  The e-token can be sent to customers, non-customers and even people without bank accounts for cash withdrawal at all Ecobank ATMs nationwide.

Speaking in Lagos, Head, Consumer Banking, Olukorede Demola-Adeniyi said, “Digital payments are fast evolving. Customers want seamless experience across channels. We are committed to providing suitable options for our customers. Forgetting your card at home should not be a showstopper when you need cash.”

She went on to explain that the concept recognises the needs of the unbanked. In her words, “With Xpress Cash, our customers can send money to their loved ones who are not even banked. You can send money to your domestic servants or unbanked staff just by generating a code and sharing the code.”

“As a bank, we are not only keen to make our services accessible, but also affordable. Xpress Cash attracts only a flat charge of N50. Our USSD code, *326# offers zero session charges; and transfers of N5000 or less using our digital channels are absolutely free of charge. Also, people abroad who need to send money to their loved ones can do so without paying transfer charges using the Rapidtransfer app,” she said.

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