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Ecobank Nigeria Announces Appointment of Key Officers

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Ecobank Nigeria has announced the appointment of key Management Officers across various levels. Amongst those appointed are Kenneth Okere, who is now the Company Secretary & Chief Legal Counsel;  Ibukunoluwa Oyedeji, Chief Financial Officer (CFO); Abiola Aderinola, Financial Controller; Adetokunbo Uko, Treasurer and Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control. All the appointments have since been ratified by the Central Bank of Nigeria (CBN).

Commenting, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said the appointments are in line with the bank’s Roadmap to Leadership Transformation Programme. He also noted that Ecobank which also promoted over 950 staff early this year, is committed to meritocracy, providing exciting career opportunities to deserving staff in order to achieve improved profitability, cost efficiency, regulatory compliance and customer excellence.

The new Company Secretary and Chief Legal Counsel, Kenneth Okere has over 26 years legal experience. He has held various senior roles within the Legal department in Ecobank Nigeria. He previously worked at Metropolitan Bank, Omega Bank and Bayo Osipitan & Co. (Legal Practitioners).  Kenneth Okere holds an LL.B, B.L and LL.M in Law from the University of Jos and University of Lagos respectively. He is also a Member of both the Nigerian Bar Association (NBA) and International Bar Association (IBA).

The Chief Financial Officer (CFO), Ibukunoluwa Oyedeji, has over 20 years’ experience in funds/assets management, credit analysis, treasury management and securities trading. She was until this appointment the country Head for the Securities, Wealth and Assets Management business of the Ecobank Group. She previously worked at the FBN Capital Assets Managements, Guaranty Trust Bank Plc, Goldman Sachs international, HSBC Global Market and Morgan Stanley international.  Ibukun holds a Bachelors’ degree in Economics from the University of Ibadan and Master’s degree (MSc) in International Securities and Investment Banking from ISMA Center, University of Reading, UK. She is a CFA Charter holder, Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate of the Chartered Institute of Stockbrokers (CIS) of Nigeria.

Abiola Aderinola, the new Financial Controller, has over 19 years banking experience covering various aspects of financial control function & regulatory reporting, MIS, performance management, management & statutory reporting, and strategic planning. He started his banking career with metropolitan bank and later on in his career worked as the Chief Financial Officer (CFO) of Ecobank Zambia. Abiola holds, a BSc Degree in Banking & Finance from Olabisi Onabanjo University, an MBA from University of Lagos and a Diploma in International Financial Reporting. He is also an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA) and an Associate Member, Accounting Technician (AAT).

Adetokunbo UKo, the Treasurer, Ecobank Nigeria has 25 years banking experience covering Treasury and Financial institutions Marketing, Retail Banking, Public Sector, Credit & Marketing and Branch Operations. She began her banking career with Gulf Bank in 1994 working in Branch Operations, Sales/Marketing roles, and Treasury. She also worked at Oceanic Bank (now Ecobank) as Head, Treasury & Financial Institutions and Treasurer. Adetokunbo is a member of the Financial Markets Dealers Association (FMDA) and Chartered Institute of Bankers of Nigeria (CIBN). She holds an MBA from Obafemi Awolowo University and a B.A. in English from Ogun State University.

Akintunde Dawodu, Chief Compliance Officer and Head, Compliance & Control started his banking career in 1996 with Guaranty Trust Bank where he worked in Branch Operations. He was until recently Managing Partner for BILD professional services. Tunde possesses over 18 years valuable banking experience. He holds a B.Sc. Degree in Finance from the University of Lagos, Nigeria. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA), Associate Member of the Chartered Institute of Bankers of Nigeria (ACIB), Associate Member of the Chartered Institute of Taxation of Nigeria (ACTI) and an Associate Member of the Nigeria Institute of Management (AMNIM).

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BUA SUGAR REFINERY LATEST: TRADE & INDUSTRIES MINISTER ADEBAYO REVERSES EARLIER DIRECTIVE ON SUGAR IMPORTATION FROM FREE TRADE ZONES INTO NIGERIA

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Days after, sending out an earlier letter to the Minister of Finance, Zainab Ahmed prohibition the importation of sugar from free trade zones, in Nigeria, the Minister of Trade Industries and Investment, Adeniyi Adebayo has backtracked and reversed himself.

 

Adebayo, acting on a controversial petition written to him by the Chairman Dangote Industries Limited, Aliko Dangote and Chairman, Flour Mills of Nigeria PLC, Mr John Coumatros had written a letter which he copied the Managing  Director Nigeria Ports Authority, Comptroller General of Nigeria Customs Service as well as the Secretary to the Government of the Federation prohibiting the importation of sugar from the country’s Free Trade Zones. This move was targeted at BUA sugar refinery as well as investments.

 

Recall that BUA Group Chairman, Samad Rabiu had reacted to the petition by revealing that his investments in sugar, especially the Port Harcourt project did not pose any threat to the country’s sugar policy. According to Samad Rabiu, his was project  indeed, meant to checkmate arbitrary increase in prices and which will ultimately benefit the ordinary Nigerian on the street.

 

 

 

 

Curiously, some agencies of the Federal Government especially  the NPA, had acted on the Minister’s directive by directing all Terminal  operators to ensure strict compliance with the Minister’s order, despite a court injunction refraining not only the Ministry but all government agencies from disturbing it’s operations pending the determination of a suit filed by BUA group.

 

The move to disrupt BUA’s activities depsite the injunction clearly embarrassed the government, hence Adebayo’s quick reversal of his earlier stance and letter to the Finance Minister directing that the action be stopped.

 

As for Hadiza Bala Usman who was in a hurry to overlook the court order, she has since been suspended from office as the Managing Director of the Nigeria Ports Authority while an Acting CEO has been appointed in person of Mohammed Koko, the erstwhile Executive Director, Finance and Administration.

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THE COMPLICITY OF NATIONAL SECURITY ADVISER IN CORRUPTION AND BANDITRY IN ZAMFARA STATE

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NATIONAL SECURITY

During the 8-year reign of former Governor Abdulaziz Yari of Zamfara State , there is hardly a week the state is not in the news for either killings of scores of Zamfarans or kidnapping of them in large numbers. So bad it was during his tenure that the only presence of security is the escort services provided by security agents for workers on Yari’s farm.

 

It is despicable and rather unfortunate that a man who is battling to clear his name from many allegations of fraud and unprecedented corruption in Zamfara is seen flying around in a Nigerian Airforce Jet.

 

Mungono’s lackluster performance to rejig the security architecture which has led to breakdown of law and order has portrayed the Presidency in bad light as failing in its duty to provide security and welfare of its citizenry.

 

The approval of the use of NAF jet by Abdulaziz Yari which allegedly came from the office of the National Security Adviser further lent credence to the claims among Nigerians that the APC-led government is not serious about fighting corruption and insecurity.

 

 

Assuming without conceding that Yari facilitated the use of the aircraft on his own, one wonders an emergency situation that would warrant a former governor enjoying such luxury even when the allegations of corrupt enrichment is still hanging on his neck.

 

 

The National Security Adviser has yet again confirm the call for his removal over incompetence and that the reason for his call and advise for the declaration for a “No fly Zone” in Zamfara is unprofessional, partisan and may not be to secure the country as he would want people to believe.

 

By Hamid Shinkafi

Public affair analyst

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Rural Resident Expresses Satisfaction On Jumia Service Delivery

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Jumia

At the current pace, there’s no denying the improved fortune of eCommerce in Africa. Even the most ardent doubters of eCommerce viability on the continent will accept that the online shopping business is gaining momentum on the continent, contrary to their forecast and expectations.

 

Major African markets like Nigeria and Kenya are improving their internet penetration while the number of mobile phone users is rising exponentially. This, in turn, is boosting the online market entrants in urban locations and gradually rubbing off on rural settlements.

 

As a result, the conversation around eCommerce in a major market like Nigeria has gravitated from doubts on feasibility and acceptance to quality of service delivery, customers expectations and satisfaction. With at least 87 e-commerce platforms in Nigeria, the online shopping community is increasing by the day with innovation and bespoke approaches to address the challenges of the market and meet customers expectations.

 

In the thick of this, some customers are already having a glimpse of what eCommerce offers at its peak, thanks to the effort of key market players. Iteshi Prince Izuchukwu, a businessman based in Rivers State said he likes shopping online because of the price slash. Based on his experience with several online shopping platforms, he was quick to acknowledge the extra effort of Africa’s market leader on its quality of service delivery. “Things I order include Television, Wristwatches and others. When I buy these items on Jumia, they deliver on time and in good condition,” he stated.

 

In today’s market where customers demand value for every penny spent, a well thought out packaging that meets the aesthetic taste of the customers can spell a huge impact on the eCommerce business. It can help reduce the volume and cost of return, foster customer loyalty and put the brand in the face of prospects. “I always feel happy when what I ordered is being delivered to me. And as a businessman, I want value for money which I can say I am getting on a platform like Jumia,” Izuchukwu said.

 

With continuous effort by eCommerce brands to meet customers’ quality, timely and packaging expectations in their service delivery, testimonials like this will go a long way in getting more people onboard the online shopping train.

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