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Appointments

JAIZ Bank Plc appoints Sirajo Salisu, 2 others as Directors

The Bank has appointed three new directors to fill existing vacancies as well as furthering its succession plan.

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JAIZ Bank Plc appoints Sirajo Salisu, 2 others as Directors

JAIZ Bank Plc has announced the appointments of three (3) new directors. The appointees are; Mrs. Aisha Waziri Umar and Dr. Abdullateef Bello as Independent Non-Executive Directors, with effect from 1st October 2020.

Dr. Sirajo Salisu is appointed as an Executive Director with effect from 1st January 2021. The appointments have been ratified by the Central Bank of Nigeria (CBN) and sent to the Nigerian Stock Exchange.

According to the notification sent to Niarametrics, the new appointees are meant to fill existing vacancies as well as furthering the Bank’s succession plan.

READ: Jaiz Bank reports 45.3% profit increase in H1 2020, involved in 21 litigations

Mrs. Aisha Waziri Umar is a seasoned Legal Practitioner & Notary Public with an experience spanning over two decades across multiple sectors including law, banking, finance, public sector policy, and administration. She is a passionate leader with extended experience in the educational and non-profit making sector, having established institutions like Inara Foundation and led the Centre for Children with Special Needs in Abuja. She is also a partner at Prodiverse Global, a legal and business advisory firm in Abuja.

She is an alumna of the University of Buckingham and the University of London, where she obtained a Bachelors degree and Masters degree in Law. She also obtained a Post-Graduate Diploma in Global Business from Oxford University, Said Business School England. She is currently a student at the University of West Scotland, researching Nigeria’s engagement with the WTO (World Trade Organisation) Dispute Settlement System.

(READ MORE: Jaiz Bank: First shared-profit bank in Nigeria approaches 10 years)

On his part, Dr. Abdullateef Bello is an academic and highly revered scholar in the field of Applied Statistics. He has wide experience in academics and corporate research, having worked as a lecturer at the Federal University of Technology, Akure, Nigeria (1987-88), and as Principal Statistician at the Economic Research and Policy Department of Islamic Development Bank (IDB) for 20 years.

Dr. Bello has published extensively in leading international journals including, International Research Journal of Finance and Economics, The Statistician; Computational Statistics and Data Analysis; Statistics in Medicine; Biometrical Journal; Communications in Statistics: Theory and Method; Journal of Statistical Computation and Simulation; and Australian Journal of Statistics. He has also contributed a number of short papers in bulletins and magazines worldwide.

READ: Total E&P Nigeria appoints Bandele as new Deputy Managing Director

He is an alumnus of the University of Oxford, where he obtained an M.Sc. and Ph.D. in Applied Statistics bagging the prestigious Rhodes scholarship en route.

On the other hand, Dr. Sirajo has 28 years of practical banking experience with 11 years at top management levels. He started his banking career in 1992 with Inland Bank Plc as a Supervisor and rose to Assistant General Manager in 2009 with First Inland Bank Plc. He held various managerial positions in both Operations, Credit Administration, and Business Development including Regional Manager FCT Abuja in 2007.

READ: CBN knocks airline and shipping firms over non-compliance with form NXP

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Prior to joining JAIZ Bank Plc in 2016, he served as the MD/CEO Arab Gambian Islamic Bank (AGIB), a position he held for six (6) years till January 2015. Upon joining the Bank in 2016, Dr. Sirajo had served in various capacities including serving as the Regional Manager South, while supervising the Treasury Department of the Bank. In 2018, he was appointed as the Chief Risk Officer of the Bank, a position which he held before assuming his position as an Executive Director of the Bank.

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Dr. Sirajo is an alumnus of Bayero University, Kano; the University of Port Harcourt; and Tafawa Balewa University, Bauchi where he obtained a B.Sc. (Economics), M.Sc. (Monetary Economics), and Ph.D. (Agricultural Economics) respectively.

READ: 150 million to fall into extreme poverty by 2021 – World Bank

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He is a Certified Risk Manager (CRM), Fellow Institute of Credit Administration (FICA), Honorary Senior Member Chartered Institute of Bankers of Nigeria (CIBN). Sirajo has attended Management and Islamic Banking courses in and outside Nigeria as a participant and/or a speaker. He is an Alumnus of the prestigious Lagos Business School (SMP 33) and Madinah Institute for Leadership and Entrepreneurship (PALM 11), Kingdom of Saudi Arabia.

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

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Appointments

Cornerstone Insurance Plc appoints Ogechi Adeola as Director

Dr Ogechi Adeola has been appointed as an Independent Non-Executive Director at Cornerstone Insurance Plc.

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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.

READ: United Capital earmarks total dividend of N4.2 billion for shareholders

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.

READ: CWG confirms Adeyipo’s appointment as MD

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.

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Appointments

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.

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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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