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Appointments

President Buhari appoints Ogbonnaya Orji as Executive Secretary of NEITI

President Buhari has approved the appointment of Dr Ogbonnaya Orji as the Executive Secretary of NEITI.

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FG share N8.15 trillion with states, others in 2019 

President Muhammadu Buhari has approved the appointment of Dr Ogbonnaya Orji as the Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI) with effect from February 19, 2021.

This follows the exit of Waziri Adio, who is completing his 5-year tenure which expires on Thursday, February 18, 2021.

This disclosure is contained in a statement which was issued by the Director Information Office of the Secretary to the Government of the Federation, Mr Willie Bassey, on Thursday in Abuja.

READ: Senate asks States to establish cottage industries across LGAs

According to a report by the News Agency of Nigeria (NAN), the statement said that appointment of Orji was for a single term of 5 years.

The statement partly reads, “In accordance with the provision of Section 12 (2) (a) and 6 (3) of the Nigeria Extractive Industries Transparency Initiative (Establishment) Act, 2007, Orji’s appointment is for a single term of five years. The appointment takes effect from 19 February 2021.”

Before his new appointment, Orji was the agency’s Director of Communications and Advocacy.

READ: Morison Industries Plc records 34.32% increase in 2020 9M revenues

He began his career at the Federal Radio Corporation of Nigeria (FRCN) and also worked with United Nations Development Programme (UNDP), where he managed several donor-funded projects.

The new Executive Secretary who hails from Abia State is a renowned broadcaster, journalist, natural resource governance expert, political economist and development communications expert.

Orji holds M.Sc degree and PhD in Political Economy and International Development from the University of Abuja.

The President enjoined the new appointee to serve the nation with all sense of responsibility, honesty, diligence and promote good governance in the discharge of his duties.

READ: Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss

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What you should know

  • Waziri Adio, about 2 days ago announced his exit from NEITI when he tweeted that his 5-year, non-renewal tenure as the Executive Secretary will end on February 18. He expressed his gratitude for the opportunity to serve and learn
  • NEITI was established in 2004 as the key anti-corruption agency at the Presidency and is responsible for enthroning transparency, accountability and governance of the country’s oil, gas and mining industries.

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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]

1 Comment

1 Comment

  1. Onu Emeka Godwin

    February 21, 2021 at 8:27 pm

    May God with his infite Mercy guide and protect the newly SEC of NEITI,congratulation sir.

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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.

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.

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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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