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Former Microsoft Strategist Adrian Clarke Joins Modex

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By Dipo Olowookere

Former innovation director and principal technical strategy advisor at Microsoft, Mr Adrian Clarke, has joined Modex.

Mr Clarke is the latest tech star to join forces with the UK based blockchain firm developing a global first smart contract marketplace.

In the wave of tech executives leveraging experience and know-how as advisors to promising start-ups in the blockchain revolution, Mr Clarke’s pioneering work in the development of the Microsoft app store, lends proven muscle to Modex.

“A world-class marketplace for smart contracts is exciting and I believe Modex has the perfect solution to deploy smart contracts in key industries” Mr Clarke says. “Not only is it a great proposition, the Modex team has a huge amount of passion and a cooperative, cohesive style that will enable them to overcome obstacles. That’s what has sold me,” he adds.

The Modex team is building the platform to enable companies to deploy a range of smart contracts in the real world. Although the company has generated enthusiasm from the financial services and e-commerce sector via its social payment product Moneymailme (payroll, P2P, inter-bank, etc.), Clarke believes the marketplace’s ability to deploy smart contracts will resonate with the open source software development community, in-house enterprise developers, development teams in local government, software vendors, software integrators, and the extensive Microsoft Development Network. “These communities will be among the first to benefit from the Modex smart contract marketplace,” he states.

Modex CEO Mihai Ivascu, 29, lauds the appointment of Clarke due to his “wealth of knowledge in the technical and management space at Microsoft. His track record in fund-raising for technology companies of our size and above is unparalleled and we are delighted to have him on board.”

Mr Clarke agrees that the key to success for blockchain applications is “the creative ways the marketplace empowers people to work, live, and connect with a new layer of collaboration and cross-border inclusiveness. Collaboration is a big part of the Modex platform offering,” says Clarke.  Modex goes beyond smart contracts.

According to Mr Clarke “it is a toolset that will enable people to set up collaborative trustless structures between existing business models. Collaboration without giving away core proprietary information is a huge innovation.”

Mr Clarke’s capacity to identify key adopters of the marketplace is instrumental. Companies and organisations which are in a “fast-moving, transactional competitive environment” he says will move first, citing transportation, logistics, and deliveries.

To that he adds “organisations that need to analyse continually-changing data sets in order to extract business intelligence from them.” Prime examples are internet search companies who find it difficult to share their information selectively, and “smart city” initiatives, where municipal governments are organizing logistics, transportation, and the distribution of energy for greater efficiency.

“The Modex marketplace,” Mr Clarke says “is perfectly adapted for this kind of selective sharing.”

Mr Clarke’s appointment comes ahead of Modex’s Initial Coin Offering (ICO) pre-sale, and follows Google’s Onur Bildik, who joined the team earlier this week.

The Modex Smart Contract Marketplace will be launched through an Initial Coin Offering (ICO), allowing contributors to buy utility tokens, which will give them access to the marketplace. The date of the pre-sale for the ICO is November 28, 2017.

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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Jobs/Appointments

NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers

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NMDPRA fee regulations

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the viral report suggesting that it is currently employing new staff is the “handiwork of fake recruitment syndicates established to mastermind fraudulent activities.”

In a Monday statement posted on its official X handle, NMDPRA expressed that it was compelled to publish the disclaimer to alert the public against such activities due to what it described as “exploiting young economically vulnerable and unsuspecting Nigerians perhaps into parting with huge sums of money for purported employment opportunities into the authority.”

“They do this by issuing bogus “Letters of Employment” and empty promises, as well as offering non-existent positions. These may well be the handiwork of fake recruitment syndicates established to mastermind these fraudulent activities.

“We wish to use this opportunity to state categorically that the NMDPRA is NOT conducting any recruitment exercise currently. Neither is the Agency undertaking any kind of employment in its services at any level. For the avoidance of doubt, any future recruitment exercise would be undertaken in accordance with extant rules guiding such exercises in the Nigerian Public Service,” the organisation emphasised.

The agency further advised the public to disregard these fake employment advertisements and urged them to visit its official website and social media pages to verify any recruitment claims.

The statement added, “In this regard therefore, we would like to advise the public and all Nigerians to ignore these spurious claims by unscrupulous people whose only objective is to defraud Nigerians and cast aspersion on the authority.

“We further advise that for current and up to date information regarding all our activities, kindly refer to our official corporate website: www.nmdpra.gov.ng as well as all our verified online social media outlets (i.e. Facebook, Linkedln and Instagram) for authentic information.”

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Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director

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Nnoli Akpedeye

By Adedapo Adesanya

Aradel Holdings Plc has appointed Ms Nnoli Akpedeye as an Independent Non-Executive Director, effective February 2, 2026, following a resolution passed at the company’s board meeting held on January 28, 2026.

In a notice to shareholders, Nigerian Exchange (NGX) Limited, and the investing public, the company disclosed that the appointment is subject to ratification by shareholders at its next Annual General Meeting (AGM). The board also authorised the Company Secretary, Mrs Titiola Omisore, to notify relevant regulators and take all necessary steps to give effect to the decision.

Ms Akpedeye brings more than 36 years of multi-disciplinary experience spanning oil and gas, engineering, legal and arbitration services, and management consulting. Her career reflects a strong blend of technical expertise and strategic leadership, with competencies in management and strategy, business process engineering, organisational development and change management, as well as entrepreneurship development.

Until 2014, she served as Technical Planning Manager for Shell Exploration and Production Companies in Nigeria, where she led the execution of high-impact, mission-critical projects. Over the course of her career at Shell, she held roles across civil engineering design, planning and construction, project management, facility management, technical audit, and business planning and strategy, gaining extensive local and international exposure.

Beyond her corporate career, Ms Akpedeye is an entrepreneur and advocate for capacity building in engineering and energy. She runs Contego Servo Limited and Perfectus Laundi Limited, and in 2013, she launched the “Introduce a Girl to Engineering” programme aimed at encouraging secondary school girls in Nigeria to pursue careers in engineering and related STEM fields.

She is a Council for the Regulation of Engineering in Nigeria (COREN)-registered engineer, a Fellow of the Nigerian Society of Engineers (FNSE), and a past President of the Association of Professional Women Engineers of Nigeria (APWEN). She is also a founding member of the Women in Energy Network (WIEN) and serves as a passionate ambassador for science, technology, engineering and mathematics education.

In addition, Ms Akpedeye is the Chief Operating Officer (COO) of Compos Mentis Legal Practitioners and the Chairman of the Board of Trustees of the Compos Mentis Foundation.

Her appointment further strengthens Aradel Holdings’ board with deep industry knowledge, governance experience, and a strong track record in leadership and institutional development, as the company continues to pursue its strategic objectives within Nigeria’s energy landscape.

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Geregu Power Chooses Sean Manley as Interim CEO

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Geregu Power

By Aduragbemi Omiyale

An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.

A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.

In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to “add significant value to the company.”

Mr Manley is said to be “a seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.”

He is armed with more than 30 years’ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.

Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.

He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.

His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.

The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.

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