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Diamond Bank Appoints Dele Babade as Acting Chairman

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By Dipo Olowookere

Following the resignation of Mr Oluseyi Bickersteth as Director/Chairman of the board of directors of Diamond Bank Plc, Mr Dele Babade has been asked to take over the role in an acting capacity.

A statement issued by the financial institution disclosed that the appointment of Mr Babade was effective December 24, 2018.

He was nominated by First Carlyle Growth V and his appointment as a Non-Executive Director was approved by the Central Bank of Nigeria (CBN) effective April 20, 2017. 

Mr Babade holds Bachelors and Master’s degrees in Laws from University of London and was called to both the Nigerian and English Bar.

He started his career with Midland Montagu London (the predecessor of HSBC Investment Bank) on the Graduate Training Programme in 1988 and at various times worked in the UK and Greece mainly in Corporate and Merchant Banking.

He joined Citibank in 1993 and garnered experience from Citibank’s Emerging Markets business focusing on businesses beyond Africa and became Vice President in charge of all cross border/international deals for Africa in 1996.

In 1998, he joined Nomura International in London as a Director for Investment Banking for Africa and after re-joining Citibank in 2000, he was moved to Nigeria and Ivory Coast in 2001 as Executive Director covering Nigeria and West Africa and was a board member of Citibank Nigeria from 2001 to 2006. He also served as Citibank’s Director & Regional Head Sub-Sahara Africa Corporate Finance & Investment Banking based in South Africa from 2002 to 2006.

He started his own investment advisory firm in 2007 but left briefly to join Ecobank Transnational Inc as Head of Ecobank Capital from 2010 to 2012 and was also a member of the Group Executive Committee, the top executive body for overall direction of the Ecobank Group.

Since 2012, he has been running his firm focusing on inward cross border transactions across the African continent.

He currently serves as Chairman of the Africa Risk Capacity Pan African Insurance Company (ARC Ltd) and is also the Chairman of its Finance and Investment Committee.    ARC Ltd is a financial affiliate of the African Risk Capacity, a specialized agency of the African Union (AU), an initiative designed to improve current responses to climate-related food security emergencies.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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CSP Anietie Iniedu Replaces DCP Anthony Placid as Police Spokesman

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CSP Anietie Iniedu

By Aduragbemi Omiyale

The Nigeria Police Force (NPF) has a new spokesman: Mr Anietie Okokon Edem Iniedu, a Chief Superintendent of Police (CSP).

He is to replace Mr Anthony Okon Placid, a Deputy Commissioner of Police (DCP).

The change of guard was approved by the Inspector General of Police (IGP), Mr Tunji Disu.

In a statement on Friday, it was disclosed that the new Force Public Relations Officer of the police has extensive experience in public communication, operational policing, intelligence management, institutional accountability, and administration.

The IGP expressed confidence in his capacity to lead the Force Public Relations Department, noting that his experience and professional background will further enhance the agency’s strategic communication efforts and strengthen public engagement in support of ongoing policing reforms and operational successes.

A native of Etinan Local Government Area of Akwa Ibom State, he holds a Bachelor of Science (B.Sc.) degree in Pure Chemistry from the University of Uyo and has undergone several professional trainings in investigative interviewing, crime scene management, human rights-based policing, strategic communication, and intelligence analysis.

Prior to his appointment, he served as Head of the Complaint Response Unit (CRU), Force Headquarters, Abuja, where he coordinated public complaint management and championed initiatives aimed at strengthening transparency, accountability, and public trust in the Nigeria Police Force. He also previously served as Public Relations Officer of the Police College of Information Technology, Kobape, Ogun State, among several operational and administrative appointments across the country.

CSP Iniedu has held key positions including Operations Officer, Maisandari Division, Yobe State Command; Area Crime Officer, Umuahia Area Command, Abia State; Staff Officer, IGP Secretariat, Force Headquarters; Second-in-Command, 50 Police Mobile Force Squadron, Kubwa; and Officer-in-Charge of the Force Headquarters Situation Room, where he supervised the coordination and dissemination of crime and security information nationwide.

He can be reached via 08128526154, and X (Formerly Twitter): @cspiniedu.

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Tinubu Extends Customs CG Adeniyi Tenure by Six Months

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adewale adeniyi customs

By Modupe Gbadeyanka

The tenure of the Comptroller General of the Nigeria Customs Service, Mr Adewale Adeniyi, has been extended by six months.

This is the second time the tenure of Mr Adeniyi is being extended by President Bola Tinubu.

A statement on Friday night by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the customs chief is getting extra time in office to enable him to consolidate the implementation of the National Single Window and ensure an orderly succession in the service.

The tenure of the first extension is expected to end on August 1, 2026, but with the fresh tenure elongation, Mr Adeniyi is scheduled to bow out of service in February 2027.

“During the transition period, Adeniyi, working with the Nigeria Customs Service (NCS) Board, will ensure the promotion of eligible officers to the rank of Comptroller of Customs and the compulsory retirement of officers who have attained 60 years of age or have served 35 years,” a part of the statement said.

Mr Adeniyi joined customs after graduating from Obafemi Awolowo University (OAU), Ile-Ife, Osun State, in the late 80s.

He rose through the ranks, becoming deputy comptroller in 2012, comptroller in 2017, assistant comptroller general in 2020, acting deputy comptroller-general in January 2023, before his appointment by President Tinubu in June 2023 as the Comptroller General.

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Tinubu Appoints ex-KGMP CEO Kunle Elebute as FRCN Head

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Kunle Elebute

By Adedapo Adesanya

President Bola Tinubu has appointed a former chief executive of KPMG Nigeria, Mr Kunle Elebute, as chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).

The appointment was disclosed in a statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Thursday.

According to the statement, the appointment reinforces the federal government’s commitment to strengthening corporate governance, enhancing investor confidence, and deepening transparency and accountability within Nigeria’s financial reporting ecosystem.

The profile of the new FRC chair indicates that Mr Elebute is a distinguished Chartered Accountant and financial management consultant with over four decades of professional experience spanning Nigeria, West Africa, and global markets.

He previously served as Senior Partner of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa. During his illustrious career, he also served on KPMG’s regional and global boards, including its Global Board Audit Committee.

Mr Elebute is widely respected for his expertise in audit, financial advisory, risk consulting, corporate governance, and strategic transformation.

“Mr Elebute’s appointment comes at a pivotal time as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and broader efforts to align Nigeria’s corporate reporting framework with international best practices.

“The Federal Government is confident that his wealth of experience, leadership, and governance expertise will further strengthen the Council’s mandate and support the Renewed Hope Agenda’s objective of building a more transparent, competitive, and investment-friendly economy,” the statement added.

FRCN has the mandate of setting and enforcing financial reporting, auditing, actuarial, valuation, and corporate governance standards in Nigeria.

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