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Axa Mansard Rejigs Board for Better Performance

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AXA Mansard Insurance

By Modupe Gbadeyanka

A slight change has been made to the composition of the board of Axa Mansard Insurance Plc, with Mr Tosin Runsewe resigning as an executive director effective January 31, 2020 to pursue his other ambitions.

A statement issued by the insurer said two new executive directors have been added to the board and they are Ms Rashidat Adebisi, who joined the firm in 2005, and Mr Tope Adeniyi, who joined the organisation in 2008.

Mr Runsewe, speaking of his exit from the company, stated that, “AXA Mansard has been a major part of my life for the past 16 years and I am very proud to have been a part of the success story thus far.

“As the company commences another strategic period over the next decade, it is the right time for me to step aside and begin other pursuits.

“I want to thank the Chairman, board and the entire AXA Mansard family for their contribution in making AXA Mansard a great organisation.

“Rashidat’s appointment as the Chief Client Officer is a great step forward for the company and our subsidiaries given her extensive experience in Finance, HR Management, Compliance, Technical and Distribution.

“Without a doubt, the new leadership along with the entire team will successfully implement our strategy and take advantage of the market opportunities ahead.”

In his remarks, Chairman of Axa Mansard said, “I want to thank Tosin for his service as Chief Client Officer and Group Executive. His unique expertise and perspective will be missed.

“On behalf of the entire board, I wish him the best in his new endeavours and welcome Rashidat and Tope to the board.

“We are excited about their ability to transform our company and empower our customers to live better lives while building on the strong culture and brand of the global AXA Group.”

Ms Adebisi is a graduate of Business Accounting, Associate Member of the Association of Chartered Accountants of Nigeria (ACA) as well as Associate of Chartered Insurance Institute, London.

She has experience in different areas of the financial services industry raging from Customer Service, Financial Advisory, Accounting to Audit Services with over 19 years of work experience.

She is currently the Head of Distribution where she has been responsible for the company’s delivery on its retail strategy. Prior to this, she was CFO for 6 years strengthening finance, HR and procurement.

In addition, she is well respected in the insurance industry being the past Chairperson of the Accounting Technical Committee of the Nigerian Insurers Association.

On his part, Mr Adeniyi is a graduate of Computer Science and an Associate Member of Chartered Insurance Institute, London. His career spans over 19 years from the information management sector, manufacturing to financial services. He currently heads the Health insurance business, which is the market leader in revenues and profitability.

Prior to this, Mr Adeniyi was responsible for AXA Mansard’s Operations and Technology where he was instrumental in the set-up of the enterprise architecture as well as the vast processing capabilities built for the retail business.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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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