President Muhammadu Buhari has approved the reappointment of Mr Alexander Ayoola Okoh as the Director-General of the Bureau of Public Enterprises (BPE), for a second 4-year tenure with effect from April 10, 2021.
The renewal of his appointment is in accordance with the provision of Section 17 (1)(a) and (2)(a) of the Public Enterprise (Privatization and Commercialization) Act 1999.
According to a series of tweets from the Presidency, this disclosure is contained in a State House press release from the Office of the Vice President.
The statement also admitted that BPE has witnessed a notable invigoration in its activities in the last 4 years.
The statement partly reads, ‘’President Buhari has approved the renewal of the appointment of Mr Alexander Ayoola Okoh as Director-General of BPE for a second term of 4 years in accordance with the provision of Section 17 (1)(a) and (2)(a) of the Public Enterprises (Privatization & Commercialization) Act 1999.
‘’This renewal will take effect from 10th April 2021. In the last four years, BPE has witnessed a notable invigoration in its activities.’’
What you should know
The BPE is the federal government agency charged with economic reforms especially the privatization and commercialization of government-owned enterprises in the country. It also serves as the secretariat of the National Council on Privatization.
STATE HOUSE PRESS RELEASE
OFFICE OF THE VICE PRESIDENT
— Presidency Nigeria (@NGRPresident) March 25, 2021
Standard Bank Group appoints Yinka Sanni as new Chief Executive of Africa Regions
Yinka Sanni has been appointed as Standard Bank Group’s Chief Executive of Africa Regions.
The Standard Bank Group has announced the appointment of Yinka Sanni as the new Chief Executive of Africa Regions.
This announcement was made by the Group in a post shared via its official LinkedIn account. The bank revealed that Sanni will be replacing Sola David-Borha who is retiring after 31 years of distinguished service to the group.
His appointment will play an integral role in driving the growth of the Standard Bank Group in Africa further in the years ahead.
He is expected to build on the work of David-Borha, a renowned professional who played a key role in growing the Group’s Africa Regions portfolio in terms of capacity, market share and contribution to the group’s headline earnings.
What you should know
- Yinka Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
- He has served in key positions within the Stanbic Group, as the Chief Executive of Stanbic IBTC Holdings PLC, Chief Executive of Stanbic IBTC Bank PLC, Deputy Chief Executive of the Bank and Executive Director, Corporate & Investment Banking of the Bank.
- He was also the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive, Stanbic IBTC Asset Management Limited.
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.
Nairametrics | Company Earnings
Access our Live Feed portal for the latest company earnings as they drop.
- Dangote Cement Plc to hold AGM on May 26th
- Linkage Assurance Plc proposes N500million as final dividend for 2020, and a bonus issue on its existing shares.
- VFD Group set to raise additional capital of N9.01 billion through rights issue and private placement.
- GT Bank records a 9% dip in profit to N45.55 billion in Q1 2021.
- Secure Electronic Technology Plc records a 121% surge in Profit after tax in Q1 2021.