Jobs/Appointments
First Aluminium Appoints New MD as Igbinakenzua Resigns
By Dipo Olowookere
Managing Director of First Aluminium Nigeria Plc, Mr Elias Igbinakenzua, has resigned from the company.
Mr Igbinakenzua, who left Access Bank as an Executive Director few years ago to take up the plum job at the aluminium company, resigned from his new position after over two years.
A statement from the company said the resignation of Mr Igbinakenzua was accepted by the board on Tuesday, April 30, 2019.
Though no reason was given for the exit of the former banker, there are indications that Mr Igbinakenzua is planning to return to the financial services sector.
Already, the board of First Aluminium Nigeria Plc has announced a new Managing Director of the company.
He is Mr Callistus Udalor, who served the company prior to his appointment as Deputy Managing Director of the company.
He will be expected to pilot affairs of the firm and make it viable again possibly on the Nigerian Stock Exchange (NSE).
“Notice is hereby given to the Nigerian Stock Exchange that at the meeting of the board of directors of First Aluminium Nigeria Plc which held on Tuesday, April 30, 2019 at 177, Moshood Olugbani Street, Victoria Island, Lagos, at which a quorum was present, the board accepted the resignation of Elias Igbinakenzua as the Managing Director of the company and approved the appointment of Callistus Udalor, the former Deputy MD of the company as the new MD,” the statement issued on Friday by the firm said.
Business Post reports that the board of First Aluminium Nigeria Plc had before now consider delisting shares of the company from NSE due to low level of activity.
But in the past days, the company has had improvements in the sale of its shares by investors.
On April 24, 2019, a total of 2.3 million units of the stocks were traded on the NSE, closing at 47 kobo per unit.
The next day, the share price rose to 48 kobo each, but dropped to 47 kobo on the day the board accepted the resignation of Mr Igbinakenzua.
As at the close of business yesterday, shares of the company settled at 42 kobo per unit with a total of 100,000 units sold.
By Aduragbemi Omiyale
The chief executive of SAO Group, Mr Ayo Sotirin, has been appointed by President Bola Tinubu as the Managing Director of the Bank of Agriculture (BoA).
A statement from the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the appointment is with immediate effect.
In the notice released on Friday, Mr Onanuga said the new BoA chief brings a diverse and extensive background in the private and public sectors to his new role.
He disclosed that Mr Sotinrin’s appointment aligns with the strategy of the administration of Presient Tinubu to revitalise Nigeria’s agricultural sector.
“Mr Sotinrin’s proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity,” Mr Tinubu was quoted to have said.
While at SAO Group, an agribusiness company, the appointee’s leadership was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
In the public sector, he served as Special Adviser on Environment and Urban Development to the Minister of State FCT from 2011 to 2015.
He had consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
Mr Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.
By Aduragbemi Omiyale
The Special Adviser the Vice-President, Mr Kashim Shettima, on Political Matters, Mr Hakeem Baba-Ahmed, has resigned.
The elder brother to the Vice Presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Datti Baba-Ahmed, resigned from his position amid growing political tensions with the Minister of State for Defence, Mr Bello Matawalle.
The two personalities have been at loggerheads over political situation in the country, especially as regards the northern part of the country.
Before joining the government of President Bola Tinubu in 2023, the older Baba-Ahmed was the spokesman of the Northern Elders Forum (NEF).
About 12 months ago, Mr Matawalle described NEF as a “political paperweight” for claiming that the northern region regretted voting for Mr Tinubu in the 2023 presidential election.
In his reaction, Mr Baba-Ahmed asked Mr Matawalle to inform the world how he and other northern appointees have been productive rather than attacking the NEF.
Not happy with this, the Minister said it was the duty of all appointees, including Baba-Ahmed, to defend and promote the administration they served.
He emphasized that the role of northern appointees was to support President Tinubu’s government and advance its objectives, or consider stepping down if they could not align with the administration.
By Adedapo Adesanya
Nigeria has won the chairmanship spot for the anglophone countries committee of African data protection body, the Network of Africa Data Protection Authorities (NADPA).
Consequently, the National Commissioner/CEO of the Nigeria Data Protection Commission (NDPC), Mr Vincent Olatunji, has been appointed the chair of the committee.
This appointment was confirmed at the meeting of the Committee on Wednesday, April, 2 2025, according to a statement signed by Mr Babatunde Bamigboye, the Head of Legal, Enforcement and Regulations at the NDPC.
The NADPA committee serves as a multilateral platform for promoting data privacy and protection among members.
The appointment of the NDPC helmsman is a result of the contributions of the commission, led by Mr Olatunji, to the Anglophone Countries Committee and the Network of African Data Protection Authorities.
The statement added that it also reflects the organisation’s achievements following the enactment of the Nigeria Data Protection Act, 2023, signed into law by President Bola Tinubu.
While accepting the appointment, Mr Olatunji expressed his gratitude for the confidence reposed in Nigeria to chair the committee at this crucial phase of Africa’s drive towards safeguarding the privacy rights of her over 1.4 billion people in the global data processing value chain.
Mr Olatunji further urged members to see the work of the Committee as a collective responsibility which must be discharged for the benefit of data subjects across Africa.
It will be recalled that Nigeria is also scheduled to host the 2025 NADPA Annual General Meeting and Conference from May 6-8, 2025.
The theme of the Conference is: “Balancing Innovation in Africa: Data Protection and Privacy in Emerging Technologies and is targeted at showcasing the significant milestones of Nigeria under President Bola Tinubu towards building a sustainable digital economy.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism9 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking7 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN