Fidelity Bank Nigeria Plc has announced the appointments of Engr. Henry Ikem Obih as the Independent Non-Executive Director, and Dr. Kenneth Onyewuchi Opara as the Executive Director of the Bank, with effect from September 21, 2020 and January 1, 2021 respectively. Both appointments have been approved by the Central Bank of Nigeria (CBN).
According to the notification, Dr. Opara’s appointment is in furtherance of the Bank’s succession plan for Executives and the CBN’s earlier approval of the appointment of Mrs. Nneka Onyeali-Ikpe (who currently serves as the Executive Director, Lagos & South West Directorate), as the succeeding MD/ CEO of the Bank, with effect from January 1, 2021, upon the retirement of the incumbent MD/CEO, Mr. Nnamdi Okonkwo, on December 31, 2020.
This was disclosed in a notification sent by Fidelity Bank to the Nigerian Stock Exchange (NSE), Shareholders and other relevant stakeholders, and signed by the company’s Secretary, Ezinwa Unuigboje.
Dr. Opara is a seasoned banker with over 29 years of experience serving at various financial institutions, including Legacy Omega Bank Plc, Equatorial Trust Bank Plc, and Manny Bank Plc. His areas of expertise are; Credit, Treasury, Retail, Consumer and Commercial Banking, International Operations, and Corporate Banking. He is currently the General Manager/Regional Bank Head, Ikeja Regional Bank of Fidelity Bank Plc.
Prior to joining Fidelity Bank Plc in 2006, following its merger with Manny Bank Plc, Dr Opara held various management positions in the industry, including Divisional Head, Managed SMEs, Multilateral Agencies & Trade Missions etc.
He is an alumnus of University of Nigeria, where he obtained a B.Sc. in finance and MBA and International University of Panama, where he obtained a Ph.D. in Credit Management. Dr. Opara also attended Executive Management programs at Harvard Business School, Kellogg School of Management, Wharton, INSEAD, and Lagos Business School amongst others. He is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN) and an active member of the Institute’s Governing Council, where he currently serves as 1st Vice President, having previously served as 2nd Vice President and National Treasurer of the Institute
On his part, Engr. Obih was the GED/COO, Downstream, NNPC until his retirement in 2019, and was subsequently appointed to the Board of Nigeria Liquefied Natural Gas Limited (NLNG) in July 2020. He joins the Board of Fidelity Bank Plc with over thirty years of experience in cross-functional tasks across different continents including Africa, Europe, Asia, and in America.
His areas of competence include; Poject and Performance Management, Manufacturing and Operations Management, Sales and Marketing, Strategy and Business Planning/Analysis, Business Development/ Re-engineering, General Management, Corporate Governance, and Risk Management.
He has served in various leadership roles and boards, including Director and Executive roles at Mobil Oil Nigeria; board positions at Nigeria Gas Marketing Company Limited; Pipelines and Products Marketing Company Limited; NNPC Retail Limited; NIDAS Marine Limited (a subsidiary of NNPC, in joint venture with Daewoo Industries South Korea); NIKORMA Limited (a subsidiary of NNPC in joint venture with Hyundai Heavy Industries South Korea); and Duke Oil Company Inc. He also served on the Presidential Inter-Ministerial Committee on Road Haulage Reforms.
Engr. Obih is an alumnus of University of Nigeria, Nsukka (UNN) and University of Bradford, Yorkshire, England, where he obtained a B.Sc. in Mechanical Engineering and an MBA in Financial Management respectively. He is also a member of professional bodies like; The Institute of Directors, Society for Corporate Governance, and Council for the Regulation of Engineering in Nigeria (COREN). He is a Fellow of the Nigerian Society of Engineers (NSE), Nigerian Institution of Mechanical Engineers, and Institute of Credit Administration amongst others. In addition, he has attended executive programs in Leadership, Strategy, Finance, Corporate Governance, and Business Management at some of the world’s leading institutions, including Columbia Business School; New York, Massachusetts Institute of Technology (MIT); IMD Lausanne, Switzerland; London Business School, and Lagos Business School, Nigeria.
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.
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.
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.
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.
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.”
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.”
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.
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.
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.“
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.
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.”
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.
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.
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.
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.
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.
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.
“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.
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
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.