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Appointments

Jaiz Bank Plc appoints new directors

Jaiz Bank Plc has announced the appointments of Mr. Seedy Mohammed Nijie and Alhaji Mamun Ibrahim Maude as Non-Executive Directors of the Bank.

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Jaiz Bank Plc has announced the appointments of Mr Seedy Mohammed Nijie and Alhaji Mamun Ibrahim Maude as Non-Executive Directors.

The announcement came in a statement signed by Rukayat. O. Dahiru, the Company’s Secretary/Legal Adviser and made available to the investing public. It became effective on March 16, 2020.

Jaiz Bank Plc appoints new directors

Seedy Mohammed Nijie’s profile: Nijie holds a Masters’ Degree in Business Administration from the School of Oriental & African Studies, University of London. He is a fellow of the Association of Chartered Certified Accountant – the UK as well as an Associate professional Risk Manager amongst other professional certifications.

Nijie started his career in 1999 as an Assistant Audit Manager at Deloitte & Touche, the Gambia. He continued his career with Islamic Development Bank, Jeddah, Saudi Arabia in 2005, where he had served in different capacities and recently as Senior Investment Specialist.

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He has had 20 years of work experience spanning Audit & Advisory Services and Risk Management. Mr Nijie represents Islamic Development Bank on the board.

(READ MORE: Courteville, Jaiz Bank, Transcorp lead gainers’ chart on Friday)

Alhaji Maude’s profile: Maude holds a Master’s degree in Banking and Finance from the Bayero University Kano. He started his career after NYSC in 1979 as a Principal Accountant at the Kaduna state water board. In 1985 he worked as the Chief Accountant and Company Secretary of Funtua Cottonseed Crushing Co. Ltd, Funtua.

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Between 1989 and 2008, he served in various capacities at the Central Bank of Nigeria including Banking services and Banking supervision. He was later appointed as Chairman of Newtide Insurance Brokers Ltd.

He is currently the Special Adviser Financial, to the Chairman of Oriental Energy Resources Limited. He has had over 40 years of work experience in Public Civil Service, Banking & Insurance and Oil & Gas sectors. He also has versed knowledge of Islamic Finance has travelled locally and internationally to deliver lectures and papers on the subject.

About Jaiz Bank: Jaiz Bank Plc is a national bank as well as a quoted public company, owned by over 26,000 shareholders who are spread over Nigeria’s six geopolitical zones.

The Bank’s balance sheet has grown from N12 billion in 2012 to about N62 billion, with asset financing of over N30 billion. Jaiz Bank’s customer base has also grown to over 230,000 cutting across all strata of the society.

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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

Airtel Africa Plc appoints Kelly Bayer Rosmarin as Non-Executive Director

Kelly Bayer Rosmarin has been appointed by Airtel Nigeria Plc as a Non-Executive Director.

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Airtel Nigeria Plc has announced the appointment of Kelly Bayer Rosmarin as a Non-Executive Director (NED), with effect from 27 October 2020.

This information is contained in a note sent to the floor of the Nigerian Stock Exchange on the 27th of October 2020 and signed by Secretary, Airtel Africa Plc, Simon O’ Hara.

READ: Airtel Africa set to expand its Nigeria and other Africa operations with $1.25 billion

The appointment of Ms. Bayer Rosmarin is by the nomination of the controlling shareholder, pursuant to the terms of relationship agreement dated 17 June 2019, between the Company, Bharti Airtel, Airtel Africa Mauritius Limited, the majority shareholder, and an indirect subsidiary of Bharti Airtel, and Bharti Telecom. Ms. Bayer Rosmarin will replace Arthur Lang, who stepped down as a non-executive director on the same day.

READ: Airtel Africa secures fund from Qatar Investment Authority

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Ms. Bayer Rosmarin is currently the CEO of Singtel Optus and Consumer Australia. She was previously with Commonwealth Bank of Australia, where she held several senior positions and varied portfolios, before being appointed as Group Executive of Institutional Banking and Markets.

READ: Scandal: Another blow on Nissan as CEO steps aside  

What they are saying

Commenting on the appointment, Chairman, Sunil Bharti Mittal said, “On behalf of the Board, I would like to thank Arthur, who joined the Board in October 2018 and supported the company through its IPO, for his significant contribution to the success of our strategy to build Airtel Africa into a market-leading mobile service provider and wish him well for the future.”

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READ: MTN: Data subscriptions triggered surge in Q2 2020 Revenues

He further stated, “I am delighted that Kelly has agreed to join the Airtel Africa Board and we very much look forward to working closely with her.”

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Appointments

MTN Nigeria announces the appointment of Karl Toriola as CEO designate

MTN Nigeria has announced the appointment of Karl Toriola as new CEO designate, to replace Ferdi Moolman. 

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MTN Nigeria announces the appointment of CEO designate to replace Ferdi Moolman  

The Management of MTN Nigeria Communications Plc has announced the appointment of Mr Karl Toriola as the CEO designate. 

This information is contained in a note sent to the floor of the Nigerian Stock Exchange on 26th October 2020 and signed by MTN Nigeria Plc Secretary, Uto Ukpanah. 

READ: Africa’s largest telecoms firm, MTN, to divest from its Middle East operations

The note partly reads: 

MTN Nigeria is pleased to inform The Nigerian Stock Exchange (The Exchange), the investing public and other stakeholders, of the appointment of Mr. Karl Toriola as the CEO designate. His appointment is effective 19 March 2021, providing enough time for an orderly handover.

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(READ MORE: MTN launches e-sim, a virtual sim card for more security and quality service)

Since joining the Group in 2006, Mr. Toriola has also held a number of senior operational roles including Chief Technical Officer of MTN Nigeria, CEO Of MTN Cameroon and MTN Group Operations Executive.

Mr. Toriola has at various times in his career in MTN Group, had oversight responsibility of 16 of the Group’s subsidiaries and served on various MTN boards, including MTN Nigeria.

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(READ MORE: MTN Nigeria begins N100 billion commercial paper issuance today)

What they are saying

Speaking on the appointment, Dr Ernest Ndukwe OFR, Chairman of MTN Nigeria said, “After a thorough and rigorous selection process, we are delighted to welcome Karl back to MTN Nigeria. Karl Toriola is recognized throughout the industry as a highly experienced and well-regarded business leader.

“With his rich credentials, I am personally pleased that Mr. Karl Toriola is well-suited to lead MTN Nigeria’s Executive Management team through the next stages of growth in the years ahead.” 

(READ MORE:MTN Nigeria, Zenith Bank post gains, as investors gain N54.42 billion)

What to expect

Mr. Karl Toriola’s appointment as CEO of MTN Communications Nigeria Plc is effective from 19 March 2021, providing enough time for an orderly handover by Mr. Ferdinand Moolman.

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READ: NB Plc to raise additional N20 billion from its N100 billion Commercial Paper

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The current CEO of MTN Nigeria, Mr. Ferdinand Moolman, will exit this role with effect from 19 March 2021 and assume a new role as MTN Group Chief Risk Officer. He will remain on the Board of MTN Nigeria in his new role as the MTN Group Chief Risk Officer.

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Appointments

TCN MD, Sule Abdulaziz appointed Chairman of West Africa Power Pool

The acting Managing Director of TCN, Sule Abdulaziz, has been appointed the new Chairman of WAPP.

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TCN MD Abdulaziz, four other directors receive appointment letters

The acting Managing Director of Transmission Company of Nigeria (TCN), Sule Abdulaziz, has been appointed the new Chairman of the Executive Board of West African Power Pool (WAPP). Abdulaziz was nominated by the former Managing Director of Power Holding Company of Nigeria (PHCN), Joe Makoju, who is an honorary member of WAPP.

READ: NNPC signs gas development and commercialization deal with SEEPCO

This disclosure was made by TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, through a public statement in Abuja on Thursday, October 22, 2020.

In her statement, Mbah revealed that the West African Power Pool was created by Decision A/DEC.5/12/99 of the 22nd Summit of the ECOWAS Authority of Heads of State and Government, and adopted during the 29th Summit of the ECOWAS Authority of Heads of State and Government held in Niamey, Niger.

READ: Indian firm, Ramco signs partnership deal with Nigerian airline

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The appointment was made during the 46th meeting of the WAPP Executive Board which was chaired by the Secretary-General of ECOWAS, Ki Sengui, and held through video conference on October 21.

The statement from Mba partly reads, “While making the nomination, Makoju noted that Abdulaziz is an expert in engineering with vast experience in the electricity sector and therefore will perform creditably as the new WAPP Executive Board Chairman.

READ: Continental Reinsurance Plc acquires 100% ownership of its Botswana subsidiary

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“His proposal was endorsed by MDs and Director Generals and other members of the board,” she said.

According to the statement, Abdulaziz in his acceptance speech thanked the board members and the honourary members for his nomination as the Chairman of the board and assured them of his total commitment to the overall objective of the regional electricity body.

READ: A bitter family feud has continued to hamper this company’s growth

He also expressed the need to move the pool to the next level of operational efficiency and solicited the support of member utilities, especially members of the executive board in this regard.

Explore Data on the Nairametrics Research Website 

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He urged members to ensure prompt payment of their contributions to the pool and also continue to collaborate actively with the secretariat to ensure effective and efficient coordination and implementation of all WAPP programmes.

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