The Board of Directors of French giant, Total Exploration and Production (E&P) Ltd has announced the appointment of Mr Victor Bandele, as its new Deputy Managing Director in charge of the oil firm’s Deepwater District with effect from September 23, 2020.
This disclosure was made by Country Communication Manager, Total E&P Nigeria Ltd, Mr Charles Ebereonwu, in a statement that was issued on Tuesday, October 6, 2020, in Lagos.
According to a report from the News Agency of Nigeria (NAN), Bandele, who is a fellow of the Nigerian Society of Engineers, takes over from Mr Ahmadu-Kida Musa, who has retired from the company after a successful 35-year career.
The statement pointed out that prior to his current position, Bandele was the Executive Director in charge of the company’s Port Harcourt and Joint Venture District, where he supervised the activities of 3 main technical divisions and 2 support entities within the district.
It states that Bandele joined the company as a Trainee Reservoir Engineer in 1993. He was involved in many subsurface fields, management and development activities onshore and offshore, including some non-operated assets of the company until 2004 when he became the Geosciences and Reservoir engineering (GSR) team leader for the offshore OML 99 Assets.
The new Deputy Managing Director has held several important positions in operations, projects and management within Nigeria and overseas. These include serving as GSR Manager for Akpo Field which was the first Deepwater development project executed by Total in Nigeria.
He was Executive General Manager, GSR and Assets management within the JV District and also worked as Petroleum Architect in the Development Studies entity at Total’s headquarters in Paris. He returned to the Nigerian subsidiary as Executive General Manager, Special Duties, JV District in 2015, and was later appointed to the Board of Directors of Total E&P Ltd, as the Executive Director, JV District, where he made several landmark achievements.
Cornerstone Insurance Plc appoints Ogechi Adeola as Director
Dr Ogechi Adeola has been appointed as an Independent Non-Executive Director at Cornerstone Insurance Plc.
Cornerstone Insurance Plc has appointed Dr Ogechi Adeola as its new Independent Non-Executive Director, subject to ratification by members at general meeting.
This is according to a notification sent to the Nigerian Stock Exchange platform, dated 24th of February, 2021, as seen by Nairametrics.
Dr. Adeola’s profile
Dr. Adeola has over two decades of work and consulting experience in the Nigerian Financial services sectors. She is an Associate Professor of Marketing at the Lagos Business School and an alumna of the Manchester Business School, United Kingdom.
On the other hand, Cornerstone Insurance closed trading today (24th of February, 2021) at the floor of the Nigerian Stock Exchange with a share price of N0.59.
Results from the recently released FY 2020 financials posted by the firm showed that gross premium written increased from N13.06 billion in 2019 to N17.6 billion. However, profit for the period declined to N1.6 billion, from N4.11 billion recorded in 2019.
What you should know:
Cornerstone Insurance Company Plc is a Nigerian-based insurance company offering services in the life and non-life categories.
It was incorporated on the 26th of July, 2021, initially as a private limited liability and subsequently became a public limited liability after its listing on the Nigerian Stock Exchange in 1997.
Chams appoints new directors following the demise of Prof. Ibidapo-Obe
The Board of Chams Plc has approved the appointment of new Non-Executive Directors of the company.
The board of Chams Plc following the sudden passing of Professor Oyewusi Ibidapo-Obe has approved the appointment of new Non-Executive Directors of the company.
This disclosure was contained in a press statement issued by the Company Secretary, Yetunde Emmanuel.
According to Yetunde, the Board of Directors of the company in a bid to ensure a hitch-free operation of the company’s segments as well as the oversight function of the Board approved the appointment of Olusegun Oloketuyi and Olamojiba Bakare as Non-Executive Directors effective 18th February 2021.
It is important to note that the appointment of the new directors is subject to the ratification of the Shareholders of the company, at the company’s Annual General Meeting (AGM).
The Board expressed heartfelt condolences to the wife, children, immediate and extended family of Professor Oyewusi Ibidapo-Obe, praying that the Lord grants them the fortitude to bear this difficult loss.
About the newly appointed directors
Oloketuyi has formerly served as Managing Director and Chief Executive Officer of Wema Bank Plc. He also served as General Manager, Business Optimization Division and Executive Director of Business Development at Skye Bank Plc. He also served as Deputy General Manager, Corporate and Commercial Markets at Polaris Bank Plc (formerly Prudent Bank Plc) and as its Executive Director of Finance and Enterprise Risk Management.
Bakare is a seasoned international lawyer with almost 20 years’ experience in the Corporate world, 15 years of which was as a practicing Solicitor in the United Kingdom.
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