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RMB Appoints Dalu Ajene CEO to Drive Foreign Capital Flows into Nigeria

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Dalu Ajene

By Adedapo Adesanya

Rand Merchant Bank (RMB) Nigeria aims to facilitate greater foreign capital flows while working to deliver constructive solutions to leading businesses across critical sectors in Nigeria.

With this goal in sight, the investment company recently tapped Mr Dalu Ajene to take on the role of Chief Executive Officer of the company. He took up the role on November 1.

In a welcome statement, RMB CEO Emrie Brown said: “We are excited to mark ten years of doing business in Nigeria by welcoming Dalu to his new role. He brings exceptional local and international investment banking expertise to our clients. His appointment also underlines our growth ambitions in Nigeria and across the continent.”

RMB Nigeria opened its first office in Lagos in 2012 and has just opened its second office in Abuja, for which it is actively hiring. It advises clients across key sectors of the economy, from telecommunications, consumer goods, and oil and gas; to infrastructure and, increasingly, renewable energy.

On his part, Mr Ajene said, “I’m humbled by the opportunity to take up this role at such a critical time for Nigeria. Like other countries, Nigeria is facing higher import costs, higher inflation, rising interest rates, and dynamic macroeconomic conditions. But it’s in these times that opportunities always present themselves.

“We are seeing clients position themselves to take advantage of the volatility, and we are working with these clients to proffer solutions to navigate them through the challenges they face.”

The new CEO added that RMB Nigeria is well positioned to fund and advise Nigerian companies but also help drive foreign direct investment into the country.

“Attracting capital is fundamental to the success of any economy. RMB Nigeria is very well placed to work with investors to demystify doing business in Nigeria and also to facilitate capital flows.”

Mr Ajene also said he would continue to invest in the people and the community that RMB Nigeria serves.

“We are fulfilled and energised by our partnerships with those in need and will continue to prioritise all stakeholders. We are committed to clients and providing sustainable contributions that benefit the communities in which we all serve for the long term.”

Prior to his new role, Ajene served as the head of Client Coverage at RMB in South Africa, responsible for client origination teams in South Africa, Broader Africa, and the UK. He also served as Deputy CEO and Head of Investment Banking at RMB Nigeria, where he previously headed up the Corporate Finance business.

Over his 21 years of experience, he has executed over $15 billion worth of advisory, capital markets, and financing transactions in several continents, including North America, Europe, the Middle East, and Africa.

Mr Ajene holds an MBA in Finance and Strategy from Harvard Business School and a Bachelor’s degree in Economics from Dartmouth College.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Jobs/Appointments

Tinubu Chooses Famadewa as Special Adviser on Homeland Security

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adeyinka famadewa

By Modupe Gbadeyanka

A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.

The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.

His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.

It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.

The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.

The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.

He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.

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FCMB Fortifies Board With Appointment of LSETF Chair Adepeju Adebajo

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Adepeju Adebajo

By Aduragbemi Omiyale

In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.

A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).

She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.

Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).

In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).

Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.

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Oyo Nigeria Union of Teachers Elects Hassan Ajibola Fatai as Chairman

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Fatai Oyo NUT chairman

By Aduragbemi Omiyale

The Oyo State chapter of the Nigeria Union of Teachers (NUT) has elected Mr Hassan Ajibola Fatai as its new chairman, replacing the outgoing Mr Raji Oladimeji Ismael.

He was chosen to lead affairs of the association in the next four years at the NUT Oyo State wing’s 8th quadrennial Delegates Conference in Ibadan, the state capital, on Wednesday.

Mr Fatai, a teacher at Migrant Farmers Primary School, Igbo-Iroko Kishi, vowed to safeguard the integrity, dignity, and professionalism of the teaching profession in the state, also promising to work with all members and stakeholders to reposition the union to better serve the welfare of its members.

Other newly elected executive members included Adeleke Adesina as deputy chairman, Alonge Oluyemisi as 1st vice chairman, Morakinyo Oyebola as 2nd vice chairman, Badmus Abiona as 3rd vice chairman, Bello Folasade as 4th vice chairman, Titilolu Ibukunolu as treasurer, Dada Kabirat as 1st internal auditor, Akinjide Yusuf as 2nd auditor and Ajala Niyi as publicity secretary.

Also, Alao Femi was elected as social secretary, Areo Felicia as assistant social secretary, Mobolaji Ademola as state national representative and James Ruth as Editor.

Speaking at the conference, the National President of NUT, Mr Titus Audu Amba, who was represented by the National Social Secretary, Ms Titi Ade Adebanjo, stated that the union was founded on democratic principles and the philosophy of labour unions.

According to him, in line with this, the union at the national, state and local levels conducts elections to usher in new executives at the end of every stipulated tenure.

He reiterated the group’s commitment to continue pursuing better welfare and improved conditions for teaching and learning in Nigeria.

On his part, Mr Ismael outlined major achievements recorded between 2022 and 2026, highlighting significant improvements in teachers’ welfare, professional development, and infrastructural expansion.

According to him, the union secured prompt salary payments, promotion arrears, annual increments, and interventions on pension-related matters, while also resolving cases of victimisation, wrongful postings, salary stoppage, and other disputes through its Legal and Welfare Committees.

“Persistent advocacy led to the recruitment of additional teachers and non-teaching staff, which eased workloads, improved teacher–pupil ratios, and enhanced learning outcomes across schools. It also facilitated long-delayed promotions, conducted trainings for SWEC members, and organised capacity-building programmes and mentorship sessions for young teachers,” he added.

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