Connect with us
nairametrics

Appointments

Ikeja Hotels Plc appoints new acting CEO

The Board of Directors of Ikeja Hotels Plc has announced the appointment of Mr Theophilus Eniola Netufo as the acting MD/CEO of the company.

Published

on

Ikeja Hotel Plc is considering a capital raise

The Board of Directors of Ikeja Hotels Plc has announced the appointment of Mr Theophilus Eniola Netufo as the Acting Managing Director and Chief Executive Officer of the company. This followed the approval by the Securities and Exchange Commission (SEC) with effect from March 23, 2020.

The appointment was announced in a notification which was sent by the company to the Nigerian Stock Exchange (NSE) on March 26, 2020, and signed by Chisom Umeofia on behalf of Punuka Nominees Ltd, who act as the Company Secretary.

Theophilus Eniola Netufo is a chartered accountant with over three decades of experience in accounting, auditing, taxation and general management services in Nigeria.

He started his career as an audit trainee and audit senior with S.S. Akemikhe and Co (Chartered Accountants). He was a financial accountant and later account manager with S.C. Johnson Wax Nigeria Ltd. He was also the financial analysis manager at Coca-Cola Nigeria Limited (Africa Division Officer).

He has worked as the Chief Finance Officer of Ikeja Hotel Group and more recently as the Chief Operating Officer of Ikeja Hotel Plc.

GTBank 728 x 90

[READ MORE: FIRS retires coordinating directors, appoints new ones)

He is a fellow of the Institute of Chartered Accountant of Nigeria (ICAN), a fellow of the Chartered Institute of Taxation, a fellow of the Nigerian Institute of Management, fellow International Institute of Certified Forensic Accountants and also an active member of the Institute of Directors (IOD).

Deal book 300 x 250

It could be recalled that in May 2017, the Securities and Exchange Commission (SEC) dissolved the board of Ikeja Hotels Plc, ordered a forensic investigation into the affairs of the company and appointed Chief Anthony Idigbe (SAN) as the interim chairman.

The apex capital market regulator sacked the board due to unresolved internal crisis involving some majority shareholders of Ikeja Hotels Plc, in apparent reference to the squabbles within the Ibru family, which holds the largest shareholdings in the company.

This was after the NSE had suspended trading on the shares of the company in November 2016 due to the high-stake dispute in the Ibru family. This was done in order to safeguard the investments of shareholders of Ikeja Hotel Plc following the continued dispute between the major shareholders which has negatively impacted on the company’s governance structure”.

Ikeja Hotels, incorporated in 1972 and quoted on the NSE in 2007, controls a chain of hotels directly and through other subsidiaries and affiliates, including Tourist Company of Nigeria (TCN) Plc and Capital Hotel Plc., Ikeja Hotel, Sheraton Hotel, Ikeja, Lagos. TCN owns Federal Palace Hotel while Capital Hotel owns Abuja Sheraton Hotel. The Ibru family owns the single largest individual shareholding.

Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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.

Published

on

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. 

GTBank 728 x 90

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.

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. 

GTBank 728 x 90
Fidelity ads
Continue Reading

Appointments

UBA’s Sola Yomi-Ajayi appointed to US EXIM’s Sub-Saharan Africa Advisory committee

Committee comprises of notable individuals of the US business community.

Published

on

UBA’s Sola Yomi-Ajayi Appointed to US EXIM’s Sub-Saharan Africa Advisory Committee

Sola Yomi-Ajayi, the Chief Executive Officer, (CEO) of UBA’s operations in the USA, has been appointed to the Export-Import Bank of the United States (US EXIM) committee on Sub-Saharan Africa for 2020/2021.

This is contained in a statement on UBA’s website, as seen by Nairametrics.

Established by the US congress, the Sub-Saharan Africa Advisory Committee provides guidance and advice regarding US EXIM policies and programs, that are designed to support the expansion of financing for US manufactured goods and services in Sub-Saharan Africa.

READ: Here’s why Sub-Saharan Africa is the world’s fastest-growing mobile region

The committee comprises of notable individuals of the US business community, and Yomi- Ajayi is the sole representative of African institution. UBA USA is the only Sub-Saharan African deposit taking institution regulated in the United States, and provides a unique portfolio of banking solutions to corporates, governments, multilaterals, and development organizations transacting with Africa.

GTBank 728 x 90

It can also assist in trade finance, treasury, foreign exchange, transaction management, and lending, drawing on UBA’s 70-year-old heritage and unique Pan-African network.

READ: AFDB Investigative panel declares Dr. Akinwunmi Adesina Innocent

UBA’s Group Chairman, Tony O. Elumelu, stated that the appointment is a recognition of the role UBA has played over decades in promoting, and supporting large and small businesses in all its 20 countries of operations in Africa.

“The appointment of Sola, as a member of the US EXIM Advisory Committee for Sub-Saharan Africa is a welcomed news.  UBA’s global network of offices in New York, London, and Paris permits us to be the preferred financial intermediary between Africa and the rest of the world.  Our mission at UBA is fully aligned with the objectives of the US EXIM.”

(READ MORE:United Bank for Africa provides $200 million for Nigeria’s Petroleum Industry – Timely financing for Post COVID economic growth)

The US EXIM President and Chairman, Kimberly A. Reed, who congratulated Yomi-Ajayi and the other appointees said, “With six of the 10 fastest-growing economies in the world and more than one billion consumers, Africa is poised to play a pivotal role in the global economy. 

“Supporting US exports to sub-Saharan Africa is one of our top priorities at EXIM, and my deepest congratulations goes to the new members of the EXIM Sub-Saharan Africa Advisory Committee.

READ: Explainer: What does GDP actually mean, and how does it affect you?

Other new appointees into the committee are,

GTBank 728 x 90
Fidelity ads
  • Daniel Runde, as Chairman of the committee
  • C. Derek Campbell, CEO, Energy and Natural Resource Security Inc
  • Scott Eisner, Senior VP, African Affairs, U.S. Chamber of Commerce
  • Rebecca Enonchong, Founder and CEO, AppsTech
  • Lori Helmers, Executive Director/Americas Export Finance Head, JPMorgan Chase Bank
  • Florizelle Liser, President and CEO, Corporate Council on Africa
  • Mima Nedelcovych, Chairman, Africa Global Schaffer
  • EE Okpa, Principal, The OKPA Co
  • Marise Duff Stewart, Director, Customer and Industry Relations, Progress Rail – a Caterpillar company
  • Paul Sullivan, President, International Business, Acrow Bridge.

Explore the Nairametrics Research Website for Economic and Financial Data

EXIM, is an independent federal agency that promotes and supports American jobs, by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers.

United Bank for Africa Plc, is a leading Pan-African financial institution, offering banking services to more than 21 million customers, with over 1,000 business offices and customer touch points in 20 African countries.

It has presence in the USA, UK, and France. UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services.

Continue Reading

Appointments

ROAM Africa Jobs appoints Hilda Kragha as Managing Director

Hilda Kragha has been appointed as new Managing Director of ROAM Africa Jobs.

Published

on

Job listings spike up by 183% in April – Jobberman

The Board of Directors of Ringier One Africa Media (ROAM), has announced the appointment of Jobberman Nigeria CEO, Hilda Kabushenga Kragha, as its new Managing Director. ROAM, whose purpose is to connect Africans to opportunities is the parent company of Jobberman.

Hilda, a Strategy and Human Capital expert, who joined Jobberman Nigeria as CEO in June 2019, will now lead ROAM Africa’s jobs brands, including Jobberman (Nigeria and Ghana), and BrighterMonday (Kenya, Tanzania, Uganda). She will also join ROAM’s ExCo Team, making her the fourth woman on the seven-person team.

This was disclosed in a mail sent to Nairametrics by the PR Account Manager, Chanelle Rintari.

Hilda, who takes over from Kwaku Agbesi, the former MD, expressed excitement at her new role within the ROAM family.

The alumnus of IESE Business school used her wealth of experience to strengthen Jobberman’s position, as Nigeria’s largest jobs platform, with over 2.5 million job seekers, and 100,000 employers on their database. With an impressive CV that includes roles at KPMG East Africa, McKinsey Spain and Jobberman Nigeria; one thing is certain, ROAM is in competent hands.

GTBank 728 x 90

Continue Reading
Advertisement
Advertisement
Advertisement
ikeja electric
Advertisement
Patricia
Advertisement
FCMB ads
Advertisement
Fidelity ads
Advertisement
first bank
Advertisement
bitad
Advertisement
deals book
Advertisement
IZIKJON
Advertisement
financial calculator
Advertisement
deals book
Advertisement
app
Advertisement