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Appointments

FIRS redeploys 50 directors in massive shakeup 

About 50 directors, deputy directors, and assistant directors have been redeployed by the new Executive Chairman, FIRS, Muhammad Nami. The move is to meet the agency’s N8.5 trillion target revenue. #FIRS

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FIRS generates N490 billion tax revenue in July, collects 89% from non-oil sector,7.5% VAT: Implementation to begin Feb 1 – FG, FIRS redeploys 50 directors in massive shakeup ,FIRS moves to stop tax evasion with newly launched intelligence system , FIRS boss, Nami discloses why FIRS failed to meet revenue target under Fowler, FIRS to scale up tax compliance with new policies , FIRS tighten noose on deduction of stamp duty, CIT, others , Nigerians will now pay N50 stamp duty on electronic receipts – FIRS, Tax debt payments extended to August 31- FIRS

No less than 50 top officials in the ranks of directors, deputy directors, and assistant directors have been redeployed by the new Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami.

In addition to the 50 directors, the massive shakeup reportedly affected over 100 other staff members of the Service, a development that is one of the strategies the new executive is using to meet the agency’s revenue target.

Some directors were said to have been promoted to key positions. Some of the affected positions include Coordinating Director, Compliance Enforcement Group; the Transition Lead Compliance Support Group; Director, Planning Reporting and Statistics; and the Director, Debt Management.

[READ MORE: Customs redeploys officers at border)

What you should know: Nami, who took over the position recently from Babatunde Fowler, had raised the revenue generation bar to N8.5 trillion and has since been trying to settle into the agency.

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It is also safe to say he is following in Fowler’s steps because his predecessor also redeployed officials too after he assumed office on 25th August 2015.

“When Fowler assumed office, he redeployed officials too because he needed those he can trust to do the job. I believe that these things are routine and it is not only happening in FIRS. 

“When the Comptroller General of Customs (CGC), Col. Hameed Ali assumed office the same August 2015, he also redeployed customs officials and he has been doing it routinely,” an anonymous source said.

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[READ MORE: Customs redeploys officers at border)

Speaking on the transfers/redeployment, the Head of Communications and Servicom Department, FIRS, Wahab Gbadamosi explained that it is a normal procedure as transfers are done in the agency routinely at least almost every quarter, given that the service has over 10,000 staff. He said the objective of this is to place the right staff in the right department for effective service delivery.

He also stated that the redeployment was necessary with the aim of achieving the N8.5 trillion target in 2020.

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

Stanbic IBTC Holdings Plc appoints Sola David-Borha as Non-Executive Director

Sola David-Borha has been appointed as a non-Executive Director to the board of Stanbic IBTC Holdings Plc.

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Stanbic IBTC Holdings Plc appoints Mrs Sola David-Borha as non-Executive Director

Stanbic IBTC Holdings Plc has announced the appointment of Mrs Sola David-Borha to its board as a Non-Executive Director, subject to the receipt of all required regulatory approvals.

In a statement issued by the company, signed by the company’s secretary Mr. Chidi Okezie and sent to the Nigerian Stock Exchange, stated that “Mrs. David- Borha is currently the Chief Executive, Standard Bank (Africa Regions). Prior to that, she served as Chief Executive of Stanbic IBTC Holdings PLC (2012-2017) as well as the Bank (2011-2012), after holding various executive positions in Corporate Banking; Corporate & Investment Banking; and Investment Banking Coverage for Africa (excluding South Africa). She is also an Independent Non-Executive Director on the Board of CocaCola Hellenic Bottling Company.”

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She has a vast experience in the financial world and an astute board leader with a keen corporate governance. Sola has led and sat on various boards including being the former Vice Chairman for the Nigerian Economic Summit Group, subsidiaries of the Stanbic IBTC and Standard Bank Groups, Coca-Cola HBG A, and many others. She is also vastly educated having obtained MBA from the prestigious Manchester Business School and Bsc in Economics from the University of Ibadan. She is also an honorary fellow of the Chartered Institute of Bankers of Nigeria (CIBN).

READ: United Capital Plc raises N10billion in Series 1 Bond Issuance

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Recall that Stanbic IBTC had earlier declared a Profit After Tax (PAT) of N45.2 billion for H1, 2020. Its gross earnings also increased by 7.8% to N126.57 billion with a basic earnings per share of 419 kobo and a proposed interim dividend payment of 40 kobo per share.

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Appointments

HealthPlus appoints Chidi Okoro as Chief Transformation Officer 

Chidi Okoro has been appointed as Chief Transformation Officer of HealthPlus Limited.

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Leading West African pharmaceutical chain, HealthPlus Limited has appointed Chidi Okoro as Chief Transformation Officer.

Mr. Okoro’s mission is to optimize day-to-day management and elevate the business to novel scale and profitability. The founder of the Company Mrs. Bukky George continues to be a director and a shareholder.

Leading healthcare and consumer private equity firm Alta Semper Capital, which controls the majority shareholder of HealthPlus, has simultaneously announced its continued commitment to the Company and desire to inject fresh capital to accelerate growth and utilize emerging opportunities in global healthcare. Following the onset of the COVID-19 pandemic, HealthPlus’ strong brand, diverse product mix and wide footprint uniquely position the business to be on the forefront of supply chain innovation and strategic expansion.

Reacting to the appointment, Okoro said, “I would like to recognise HealthPlus’ role in spearheading the evolution of modern pharmacies across Nigeria and scaling retail capabilities in the industry overall. I am incredibly excited to now have the opportunity and the resources to take the platform to the next level, at a time of unrivalled opportunity for the sector. I look forward to working with all stakeholders to achieve even greater things in the future.”

Mr. Okoro is a licensed pharmacist and management executive with over thirty years of multinational and multisector experience, spanning leadership roles in pharmaceuticals, personal care, food, and telecommunications.

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Founded in 1999, HealthPlus as Nigeria’s first integrated pharmacy platform and the largest and fastest-growing pharmacy chain in West Africa. It operates over seventy retail pharmacy and beauty care locations and is the largest private employer of pharmacists in Nigeria. Its extensive product portfolio includes Prescription-Only-Medicines, Over-the-Counter Medications, and personal care items, with a strong emphasis on local procurement and an active drive for community building.

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Appointments

Flour Mills appoints Juliet Anammah to the Board of Directors

Juliet Anammah has been appointed to the Board of Directors of Flour Mills of Nigeria Plc.

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jumia Group appoints Juliet Anammah as Nigeria’s 'Chairwoman'

Nigeria’s leading integrated food business and Agro-allied group, Flour mills of Nigeria Plc has announced the appointment of Juliet Anammah, to the board of Directors. 

The appointment was announced in a disclosure sent to the Nigeria Stock Exchange today, which was seen by Nairametrics. 

This disclosure which was signed by the Company’s Secretary, Umolu Joseph, confirmed the appointment of Anammah, to the board of Directors effective from 10th September. 

Juliet, who is the current Chair of the Board, Jumia Nigeria, and Head of Institutional Affairs across Africa brings a vast experience in the consumer product industry, along with excellent skills in product creation and high-profile brand building. 

It is noteworthy that Mrs Anammah, while the CEO of Jumia led the company through a period of impressive growth, and subsequently to become the first African tech company to be listed on the New York Stock Exchange in 2019. 

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Read more: Jumia officially lists on the New York Stock Exchange 

Speaking about the appointment, Mr John Coumantaros, Chairman of the Board says the appointment is of tremendous value to FMN, as it will help to position the group to take advantage of the changing consumer landscape in the foods and Agro-allied sectors. 

I am truly excited to welcome Juliet to the Board of Directors. Her over 28 years of executive leadership experience in business consulting and e-commerce in Africa will be of tremendous value to FMN, as we continue to position the group to take advantage of the changing consumer landscape in the foods and agro-allied sectors,” Coumantaros said.

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Coumantaros emphasized that the appointment represents the Boards’ determination to ensure a diverse mix of skills and viewpoints on the FMN Board in a bid to fulfil the purpose of feeding the nation, every day. 

About Mrs Juliet Anammah 

Mrs Juliet Anammah has over twenty-five years of professional experience in Consumer Goods, Sales and Marketing Management Consulting and E commerce. She started her career with Sanofi Aventis in 1991 and worked in key sales/marketing capacities until 1999, when she joined Accenture’s Strategy service line as a senior consultant. 

In 2004 she launched Accenture’s Products Operating Group which covers Accenture’s consulting services for Fast Moving Consumer Goods, Retail and Transport Industries in West Africa. Juliet became a Partner in Accenture in 2013. 

She is presently the Managing Director/Chief Executive Officer of Jumia Nigeria, a position she undertook in 2015 and oversaw Jumia’s transition from online Retail to a Marketplace. Jumia is an online marketplace operating in 15 African countries. Jumia’s scope covers Ecommerce, Travel booking, Food ordering and Classifieds. 

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