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3 Directors Leave Notore Chemicals, 3 Others Join

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By Dipo Olowookere

Mr Odoliyi Lolomari and two other directors on the board of Notore Chemical Industries Plc have left the company.

While Mr Lolomari retired as a non-executive director of Notore Chemicals, Mr Geoffroy Dedieu and Mr Bernard Longe both resigned their appointments as non-executive directors of the firm.

It was disclosed that their exit from the company was effective from Friday, December 14, 2018.

Mr Lolomari, armed with over 45 years’ experience in the petroleum industry, was a former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

He holds a Bachelor’s degree in Physics which he obtained from the University of London in 1960 and a Diploma in Technology which he obtained in 1961 from the Imperial College (DCI) London.

Mr Lolomari is a Fellow of the Institute of Petroleum, London and the Nigerian Mining and Geosciences Society.

He joined the Board of Notore Chemical Industries Plc April 27, 2007 and has served on the board as a non-executive Director for a period of 11 years.

Among other board roles, Mr Lolomari also served as the Chairman of the Board Audit Committee.

For Mr Geoffroy Dedieu, who joined the board of the company on February 8, 2011, served as a non-executive director for over 7 years.

He also served on the Board Audit Committee and Board Technical Committee.

On his part, Mr Bernard Longe joined the firm’s board on November 17, 2011 and served for 7 years. Among other Board roles, Mr Longe also served on the Board Finance Committee and Board Technical Committee.

In the statement, board expressed its appreciation to the departing directors for their commitment, leadership and extensive contributions to the Company and wished them all the very best in their future endeavours.

Meanwhile, three new appointments have been made by the board of Notore Chemicals and they are Mr Ovie Ukiri, Mr Olusoii Adekunle Emiola and Mr Tseyi Louis Hammond, all as non-executive directors.

The board said it was confident that the appointment of the above directors to the board would support the continued success of the company and be instrumental in driving the growth strategy of the business.

Mr Ovie Ukiri is a legal luminary with over 28 years’ experience in the legal sector, with a focus on commercial law practice. He is currently the founding partner in Ukiri & Lijadu, a full serviced Corporate and Commercial law practice, specializing in Energy, Oil & Gas, Company Law and Corporate Governance and Compliance Law.

Mr Ukiri holds a B Soc. Sci. (Hons) Law and Economics from Leeds University and an LLM (Tax Law) from Kings College, London.

He is a member of the Nigerian Bar Association, a fellow of the Chartered Institute of Taxation of Nigeria and is a CEDR accredited Mediator.

On his part, Mr Olusoii Adekunle Emiola is an experienced professional with a successful career in the Insurance Industry. He is currently the Managing Director of TY Holdings Limited, with a mandate to provide strategic leadership, direction and guidance, in line with approved plans.

For Mr Tseyi Louis, he is a finance professional with over 1 7 years’ experience in the finance sector. His career has involved successfully establishing business lines and products through strategic assessment of the financial market.

He is currently a Deputy General Manager at FBNQuest Merchant Bank Limited and possesses a comprehensive understanding of the investment banking capital structures. Mr Hammond is uniquely positioned to provide investment advice across the developed and developing markets.

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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Court Sanctions CHI Limited for Wrongful Employment Termination

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chi limited

By Modupe Gbadeyanka

The termination of the employment of one Mr Bodunrin Akinsuroju by CHI Limited has been declared as unlawful by the National Industrial Court of Nigeria.

Delivering judgment on the matter, Justice Sanda Yelwa of the Lagos Judicial Division of the court held that the sacking of Mr Akinsuroju did not comply strictly with the provisions of the contract of employment and the Employee Handbook.

Consequently, the company was directed to pay him the sum of N2 million as general damages for wrongful termination and N200,000 as costs of action, while Mr Akinsuroju was ordered to return the company’s properties in his possession or pay their assessed market value.

Justice Yelwa found that the contract agreement between both parties clearly required either party to give 30 days’ notice or payment in lieu of notice after confirmation of appointment, and there was no evidence that the employee was given the required notice or paid salary in lieu of notice.

The judge held that failure to comply with this fundamental term amounted to a breach of the contract of employment, thereby rendering the termination wrongful.

Mr Akinsuroju had claimed that the allegation of misconduct against him was unfounded and not established, maintaining that the disciplinary committee proceedings were prejudicial and that the termination of his employment was without justifiable cause and without compliance with the agreed terms of his employment.

In defence, CHI Limited contended that it had the right to terminate the employment of Mr Akinsuroju and that the termination was lawful and in accordance with the contract of employment and the Code of Conduct.

In opposition, counsel to Mr Akinsuroju submitted that the alleged breaches were not proved and that the termination letter took immediate effect without the requisite 30 days’ notice or payment in lieu of notice as stipulated in the letter of appointment and the Employee Handbook, urging the court to hold that the termination was wrongful and to grant the reliefs sought.

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Tinubu Appoints Tunji Disu as Acting Inspector General of Police

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Tunji Disu

By Modupe Gbadeyanka

President Bola Tinubu on Tuesday appointed Mr Tunji Disu as the acting Inspector General of Police (IGP), following the resignation of Mr Kayode Egbetokun.

Mr Disu, an Assistant Inspector General of Police (AIG), was recently moved to the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos.

A statement today by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the President would convene a meeting of the Nigeria Police Council shortly to formally consider the appointment of Mr Disu as substantive IGP, after which his name will be transmitted to the Senate for confirmation.

Mr Tinubu expressed confidence that Mr Disu’s experience, operational depth, and demonstrated leadership capacity would provide steady and focused direction for the Nigeria Police Force during this critical period.

He reiterated his administration’s unwavering commitment to enhancing national security, strengthening institutional capacity, and ensuring that the Nigeria Police Force remains professional, accountable, and fully equipped to discharge its constitutional responsibilities.

Mr Egbetokun was said to have resigned from the position due to pressing family considerations.

President Tinubu, who accepted the resignation letter, expressed his profound appreciation for Mr Egbetokun’s decades of distinguished service to the Nigeria Police Force and the nation. He acknowledged his dedication, professionalism, and steadfast commitment to strengthening internal security architecture during his tenure.

Appointed in June 2023, Mr Egbetokun was serving a four-year term scheduled to conclude in June 2027, in line with the amended provisions of the Police Act.

The statement disclosed that his replacement was in view of the current security challenges confronting the nation, and acting in accordance with extant laws and legal guidance.

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Tunji Disu to Become New IGP as Egbetokun Quits

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tunji disu new IGP

By Adedapo Adesanya

Mr Tunji Disu, an Assistant Inspector General of Police (AIG), has reportedly replaced Mr Kayode Egbetokun as the new Inspector General of Police (IGP).

Mr Egbetokun resigned from the position on Tuesday after he was said to have held a meeting with President Bola Tinubu on Monday night at the Presidential Villa in Abuja.

President Tinubu appointed Mr Egebtokun as the 22nd IGP on June 19, 2023, with his appointment confirmed by the Nigeria Police Council on October 31, 2023.

Appointed as IGP at the age of 58, Mr Egbetokun was due for retirement on September 4, 2024, upon reaching the mandatory age of 60, but his tenure was extended by the President, creating controversies, which trailed him until his exit from the force today.

Although the police authorities are yet to comment on the matter or issue an official statement about his resignation, the move came amid reports suggesting that Mr Egbetokun has left the position.

Mr Egbetokun’s tenure was marred by a series of controversies; he recently initiated multiple charges against activist Mr Omoyele Sowore and his publication, SaharaReporters, after Mr Sowore publicly described him as an “illegal IGP.”

The dispute escalated into protracted legal battles, with the Federal High Court issuing injunctions restricting further publications relating to the former police chief and members of his family. Critics interpreted these court actions as attempts to stifle dissent and weaken press freedom.

His replacement, Mr Disu, was posted to oversee the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, some days ago.

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