Jobs/Appointments
Stanbic IBTC Announces Key Executive Appointments
By Dipo Olowookere
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced major executive appointments and changes in its management structure as part of strategic positioning to sustain its growth into the future.
Mr Yinka Sanni has been named the Chief Executive of Stanbic IBTC Holdings PLC. He takes over from Mrs Sola David-Borha, former Chief Executive, who has been appointed Chief Executive, Rest of Africa, Standard Bank Group effective immediately.
Mr Yinka Sanni was until his latest appointment the Chief Executive of Stanbic IBTC Bank Plc. He joined Stanbic IBTC Bank in 1990 and rose through the ranks, holding several senior management positions within the organization including that of Co-Head, Corporate and Investment Banking.
He also held the position of Executive Director & Head, Corporate and Investment Banking. He was the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive Officer, Stanbic IBTC Asset Management Limited.
He has a wealth of experience in banking and financial services covering Banking, Stockbroking, Pension, and Asset Management spanning over 26 years.
As CE of the Group, Mr Yinka Sanni is expected to drive the next phase of growth and execution of its strategy of being Nigeria’s leading end-to-end financial services provider.
Mr Sanni holds an MBA from the Obafemi Awolowo University Ile-Ife, having also undertaken the Harvard Business School, Boston’s Advanced Management Programme. He is a graduate of the University of Nigeria, Nsukka; with Bachelors in Agricultural Economics. Mr Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
Similarly, Dr Demola Sogunle has been appointed Chief Executive, Stanbic IBTC Bank Plc.
Dr Sogunle was until recently the Deputy Chief Executive, Stanbic IBTC Bank Plc.
Prior to his appointment as Deputy Chief Executive, of the bank, he was the Chief Executive of Stanbic IBTC Pension Managers, a position he held from August 19, 2011 to December 2015. Prior to his appointment as Chief Executive of Stanbic IBTC’s Pension subsidiary, he was Stanbic IBTC Bank’s Head of Risk as well as its Chief Compliance Officer.
He was also formerly the Head of Treasury and Financial Services for Stanbic IBTC Bank, a position he held for over seven years
In his new role as Chief Executive, Stanbic IBTC Bank Plc, Mr Demola Sogunle will be leading the bank’s executive team as they consolidate and accelerate its growth strategy, especially within the retail, corporate and transactional banking ecosystems.
Chairman of Stanbic IBTC Holdings Plc, Mr Atedo Peterside, thanked Mrs Sola David-Borha, who he described as one of the finest bankers of her generation, a consummate professional and an exceptional human being for her long and meritorious service to Stanbic IBTC Holdings. He also wished her the best of luck in her new role within the Standard Bank Group.
“The board is confident that our newly appointed executives will benefit the group immensely as they will bring to their new positions, an unmatched combination of integrity, experience and a sterling track record. This will no doubt, help the business sustain its ongoing growth strategy,” Mr Peterside said.
Stanbic IBTC Holdings Plc is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.
Stanbic IBTC belongs to the Standard Bank Group, the largest African financial institution by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent.
Standard Bank is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.
By Adedapo Adesanya
President Bola Tinubu has approved the appointment of Mr Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).
Mr Aliyu, a professor, is to replace Mr Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State.
In a statement by a spokesperson to the President, Mr Bayo Onanuga, on Thursday, it was disclosed that the appointment of Mr Sule Ahmed Abdulaziz as the chief executive of the Transmission Company of Nigeria (TCN) has been renewed for a second and final term.
These appointments are said to take effect immediately.
Professor Aliyu, the new PTDF helmsman, is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capacity development for Nigeria’s energy industry.
“The President expects him to leverage his wealth of experience to reposition the PTDF for greater impact in human capital development, innovation, and strategic support for the oil and gas sector in line with national priorities.
“President Tinubu renewed Engineer Abdulaziz’s appointment following a comprehensive assessment of his performance and leadership of the nation’s transmission network.
“Under his stewardship, TCN has recorded notable improvements in grid stability, transmission capacity expansion, and system modernisation, reinforcing its critical role in Nigeria’s electricity value chain.
“Engr. Abdulaziz brings over three decades of experience in the power sector and has also strengthened regional electricity integration through his leadership in the West African Power Pool (WAPP).
“President Tinubu urges both appointees to discharge their responsibilities with diligence, integrity, and a strong sense of national service,” the statement said.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited saw its workforce rise by 12.2 per cent to 6,247 at the end of 2025 from 5,566 in the corresponding period of 2024, according to its latest employee data.
The state oil firm stated that its employees increased by 14.3 per cent from 5,495 recorded at the end of the first quarter of 2025 to 6,280 at the end of the second quarter of 2025.
Its staff strength, however, dropped by 0.11 per cent to 6,273 workers in the third quarter of 2025 and further shrank by 0.41 per cent to 6,247 in the last quarter of the year under review.
Giving a breakdown of its workforce in terms of gender, the NNPC disclosed that at the end of the fourth quarter, 5,044 employees, representing 80.7 per cent of its workforce, were males, while 1,203 employees, representing 19.3 per cent of its total workforce, were females.
Further breakdown revealed that Junior Staff 2 (JS 2) and Junior Staff 1 (JS1) cadres had one staff member and 175 staff members, respectively, at the end of the fourth quarter of 2025, as against one staff and 187 staff members, respectively, recorded in the third quarter of 2025.
In addition, the Senior Staff Seven (SS7) cadre had 31 employees, remaining the same as in the previous quarter, while the SS6 cadre dropped to 1,010 staff, from 1,012 staff recorded at the end of the third quarter of 2025.
The SS5, SS4, SS3, SS2 and SS1 staff cadre recorded 1,076 staff, 164 staff, 389 staff, 471 staff and 1,829 staff, respectively, in the quarter under review, compared with 1,076 staff, 164 staff, 391 staff, 478 staff and 1,835 staff, respectively, recorded in the third quarter of 2025.
Management Six (M6) cadre had 695 staff in the second quarter of 2025, compared with 699 staff in the same category in the previous quarter, while M5, M4, M3, M2 and M1 cadres had 237 staff, 117 staff, 47 staff, seven staff and one staff respectively, compared with 243 staff, 116 staff, 44 staff, seven staff and one staff in the corresponding cadres in the third quarter of 2025.
Further analysis of the NNPC workforce across different cadres showed that JS2 and JS1 accounted for 0.02 per cent and 2.75 per cent of its total workforce, respectively, while SS7, SS6, SS5, SS4, SS3, SS2 and SS1 cadres accounted for 0.50 per cent, 16.17 per cent, 17.22 per cent, 2.63 per cent, 6.23 per cent, 7.54 per cent and 29.28 per cent of the state oil company’s total workforce, respectively.
In addition, NNPC’s M6, M5, M4, M3, M2 and M1 cadres accounted for 11.13 per cent, 3.79 per cent, 1.87 per cent, 0.75 per cent, 0.11 per cent and 0.02 per cent, respectively.
In general, the NNPC Limited noted that it had 173 employees in its junior staff category; 4,970 employees in its senior staff category, and 1,104 employees in its management category.
It also reported that in its middle management cadre, it has 932 employees, accounting for 14.92 per cent of its total workforce, while the top management cadre had 172 employees, accounting for 2.75 per cent of its total workforce.
By Adedapo Adesanya
President Bola Tinubu has appointed Mr Ibrahim Ida as Chairman of the Corporate Affairs Commission (CAC).
Mr Ida holds an MSc in Banking and Finance from the University of Ibadan (1983) and an LLB from the University of Abuja (2003). Before being elected to the Senate in 2017 to represent Katsina Central, he served as the Commissioner of Finance for Katsina State and as the Permanent Secretary of the Federal Civil Service.
His appointment comes as the CAC faces legislative scrutiny over its books. The commission is part of a group of agencies that the House of Representatives Public Accounts Committee (PAC) recommended zero allocation for the year 2026, for allegedly failing to account for public funds appropriated to them.
The committee, at an investigative hearing held in February, accused CAC and some other ministries, departments and agencies (MDAs) of shunning invitations to respond to audit queries contained in the Auditor-General for the Federation’s annual reports for 2020, 2021 and 2022.
It asked the National Assembly not to continue to appropriate public funds to institutions that disregard accountability mechanisms.
President Tinubu also nominated seven people to fill vacant commissioner positions at the National Population Commission (NPC) as Federal Commissioners to represent their respective states in the National Population Commission. The nominees are;
1. Kolawole Oladipupo Alabi – Ekiti State
2. Nasiru Mu’azu – Zamfara State
3. Usman Abubakar Tuggar – Bauchi State
4. Dr Isaka Alada Yahaya – Kwara State
5. Prof. Sadiq Isah Radda – Katsina State
6. Suleiman Umar – Jigawa State
7. Hon. Chiso Abdullahi Dattijo – Sokoto State
The appointments, which complement other Federal Commissioners already sworn in, are subject to confirmation by the National Assembly.
The President also appointed Mr Yusuf Mohammed of Kano State as Chairman of the Federal Polytechnic, Kaltungo, and confirmed the appointment of Mr Bala Mohammed Bello as his Special Adviser on Political Economy.
Mr Bello, from Kebbi State, holds a Bachelor’s Degree in Accounting and an MBA from Ahmadu Bello University, Zaria. Before this appointment, he was a Deputy Governor at the Central Bank of Nigeria (CBN). He also served as Executive Director (Corporate Services) at the Nigerian Export-Import Bank (NEXIM) from 2017 to 2022.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn