Following the appointment of Mr Yinka Sanni as Regional Chief Executive (West Africa) for Standard Bank Group, the Stanbic Bank group has announced the appointment of Mr Demola Sogunle as the new Chief Executive officer of the Stanbic IBTC Holdings PLC and Wole Adeniyi as the Chief Executive officer of Stanbic IBTC Bank PLC.
Both appointments are in line with the company’s internal succession policy, and subject to the approvals of the required regulatory bodies. This announcement was contained in a press release from the group signed by the company secretary, Chidi Okezie and made available to Nairametrics.
As regional CEO, Mr Sanni will have oversight responsibilities for Nigeria, Ghana and Cote d’Ivoire as well as the delivery of Standard Bank Group’s strategy across West Africa.
Before this appointment, Sogunle was the Chief Executive of the Bank, and previously served as Deputy Chief Executive of the Bank. He had also served as Chief Executive of Stanbic IBTC Pension Managers, Head of Risk Management, Chief Compliance Officer, as well as Head of Treasury and Financial Services.
Demola holds a First-Class degree in Agricultural Science and a Ph.D. in Land Resource Evaluation and Management, both from the University of Ibadan, Nigeria. He obtained an MBA in Banking and Finance from ESUT Business School, Nigeria and has completed the Advanced Management Program (AMP) of the Harvard Business School, Boston, USA.
Demola also holds a Treasury Dealership Certificate from the Chartered Institute of Bankers of Nigeria (CIBN) and is a member of the Global Association of Risk Professionals. He still remains a Non-Executive Director on the Board of the Bank.
Similarly, Wole Adeniyi was the Deputy Chief Executive of the Bank, until the appointment. He has served as Executive Director, Personal and Business Banking. He is a First-Class graduate of Business Administration from the University of Benin, Nigeria, and holds an MBA from the Manchester Business School of The University of Manchester, UK.
He is also a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), and a Certified Information Systems Auditor (CISA). Other promotions Mr. Remy Osuagwu has been appointed Executive Director, Personal and Business Banking, to succeed Adeniyi in the execution of the retail strategy of the Bank .
He was previously Head, Business Banking. He holds a bachelor’s degree in Banking & Finance, as well as an MBA. He has had extensive experience in banking and financial services, spanning a period of over 20 years.
About Stanbic IBTC
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Usman Alkali Baba assumes office as new IG of Police
The FG announced that IGP Usman Alkali Baba assumed duty as the new Inspector General of Police on Wednesday.
The Federal Government announced that IGP Usman Alkali Baba assumed duty as the new Inspector General of Police on Wednesday.
The FG disclosed this in a statement on Wednesday evening, citing that he is taking over from IGP Mohammed Abubakar Adamu, NPM, who retired after 35 years of meritorious service to the nation.
What the FG is saying
“The handing/taking over of leadership between the former and new Police Chiefs was held in a brief but colourful ceremony at the Force Headquarters, Abuja. The event was climaxed with the symbolic handover of the Nigeria Police flag.
The new IGP, who is the 21st indigenous Inspector General of Police, Ag. IGP Usman Alkali Baba, NPM, psc (+), fdc, a fellow of the National Defence College, hails from Geidam in Yobe State. He was commissioned into the Nigeria Police Force on 15th March 1988 as a Cadet Assistant Superintendent of Police.
He holds a Masters degree in Public Administration (MPA) and a Bachelor of Arts degree in Political Science.
The FG also disclosed that the new IGP believes in the provision of motivational and credible leadership driven by professionalism and strategic planning, all directed at stabilizing internal security and modernizing police operations within the framework of citizens’ consent, trust, and the rule of law.
In case you missed it
The Federal Government revealed why President Buhari terminated the appointment of the outgoing Inspector General of Police (IGP), Muhammad Adamu, before the expiration of the 3-months extension, saying the ex-IGP’s tenure was terminated following the completion of the selection process for a new Inspector General of Police.
FSDH appoints FCMB Director, Bukola Smith as new Managing Director and CEO
FCMB appoints FCMB Executive Director, as new Managing Director and CEO, to replace Hamda Ambah.
Bukola Smith, the Executive Director, Business Development, in First City Monument Bank Limited has been appointed by FSDH Merchant Bank as the new Managing Director and Chief Executive Officer of the Lagos based financial institution.
This information was revealed in a recent post made by Smith, the new MD/CEO of the bank via her official LinkedIn account.
Her appointment will take full effect in mid-April, 2021, as she moves to take over from Hamda Ambah who will retire from the bank with effect from April 27th, 2021, after 28 years of service to the company, including four years and three months as the Managing Director of the Merchant Bank.
Smith is expected to take on the full responsibility of leading FSDH Merchant Bank to greater heights of global success, building on the impressive work Ambah has done in the last four years and three months as the Managing Director of the Merchant Bank.
What they are saying
Commenting on her appointment, Bukola Smith said:
“Super excited to announce my appointment as the new MD/CEO of FSDH Merchant Bank from mid-April, 2021. Thus, bringing an end to 14 beautiful and impactful years at FCMB.”
Special thanks go to all my friends and colleagues, who made my time at FCMB an amazing experience.
It is a privilege to take over from a Super Mentor, Hamda Ambah who has done a great job in steering the ship over the years.”
Bukola Smith holds a Bachelor’s Degree in Economics from the University of Lagos, and also holds an MBA from Manchester Business School, University of Manchester, United Kingdom.
Smith was appointed Executive Director, Business Development at First City Monument Bank (FCMB) in 2017, and prior to this, she was the Regional Head, Lagos Region of the Bank.
She has occupied several key positions in FCMB as the Group Head Treasury and Financial Institutions; Divisional Head, Investment Banking and Financial Markets; Director Project and Structured Finance; and Divisional Head, Group Internal Audit, since she joined the bank in 2006.
As the Executive Director in charge of Business Development in FCMB, the bank’s Small and Micro business-focused team moved up to the first position in 2019, to emerge as the best SME supporter in the country – according to a KPMG Customer Service Report 2020.
Nairametrics | Company Earnings
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