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Adenike Aboderin Begins Tenure as SAHCO Chief Executive

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Adenike Aboderin

By Adedapo Adesanya

Mrs Adenike Aboderin began her role as Managing Director/Chief Executive Officer of the Skyway Aviation Handling Company (SAHCO) Plc on February 1, 2024.

She is taking over from Mr Basil Agboarumi due to the completion of his tenure.

She is a seasoned finance professional with many years of Executive Leadership, Financial, and Management experience in both Private and Public Sectors. Her skills include policy/strategy formulation, financial advisory, oil & gas, infrastructural, marine and transport development, business/risk management, and public policy.

According to a statement, her appointment reflects SAHCO’s commitment to excellence in aviation ground handling services, including passenger handling, cargo handling, and aviation security, among others. Through her leadership, SAHCO will enhance its service offerings and contribute to the development of Nigeria’s aviation industry.

She has held many Senior Executive Management positions in both the Public and Private sectors and until December 2023, she was the Director of Finance and Accounts at, the Federal Airports Authority of Nigeria (FAAN), where she managed the finance, accounts, credit control, and budget directorate of the organisation.

In the public sector, she worked as the Special Adviser to the Governor of Ogun State on Trade and Investments and also oversaw the state’s Economic Planning Department between 2011 and 2014.

She has huge interests in Manufacturing, Transportation, Investments, and Social Development. In 2015, she had the responsibility of being the Chairman Sub-Committee on Social Issues of the Presidential Transition Committee.

Before her public service engagements, she held different senior management positions at Skye Bank Plc (now Polaris Bank Limited), Citibank Nigeria, Premium Securities Limited, and Commerce Bank, in a banking career that spanned over 20 years.

In Banking and Financial Advisory, she led various teams and groups in the following sectors of the economy – Trading, Investment, Manufacturing, Commodities, Marine, Oil & Gas, Transport, and Steel.

She was also a Consulting Partner at Novateur Consulting Limited, a financial advisory firm, and has held positions on various boards.

She holds a Bachelor’s degree in Finance and a Master’s Degree in Banking and Finance from the University of Lagos. She is a Fellow of the Chartered Institute of Bankers of Nigeria, FCIB, a Fellow, of the Association of National Accountants of Nigeria, FCNA, and an AMPAP Certified International Airport Professional, IAP.

She has attended postgraduate courses in Global Strategic Management, GSM, at the Harvard Business School, an Advanced Management Programme, AMP, at the Lagos Business School, and several other courses covering Trade, investment, Energy and Infrastructure Financing, Credit, Risk, Treasury, Transaction Banking, Operations, Sales and Marketing. She is presently pursuing another Master’s degree in Sustainable Development from the University of Sussex, UK.

She is a motivator with high proficiency in business and transportation, marine, energy management, policy formulation, and strategic thinking. She is passionate about industrialisation and job creation and continuously strives to proffer solutions to Nigeria’s development, social, and unemployment issues.

SAHCO is an aviation ground handling company offering services in passenger handling, ramp handling, cargo handling and warehousing, aviation security, baggage reconciliation, crew bus and executive lounge services, and other related ground handling services.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Tinubu Appoints Ogunjumi Acting Accountant General as Madein Retires

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Shamseldeen Babatunde Ogunjimi

By Adedapo Adesanya

President Bola Tinubu has appointed Mr Shamseldeen Babatunde Ogunjimi as the Acting Accountant General of the Federation (AGF).

This was contained in a statement on Tuesday by presidential spokesman, Mr Bayo Onanuga.

“His appointment is effective immediately following the pre-retirement leave of the incumbent AGF, Mrs Oluwatoyin Sakirat Madein,” a part of the statement read.

“In announcing Madein’s successor, President Tinubu ensures a seamless transition in the administration of Nigeria’s treasury and consolidates the implementation of the present administration’s treasury policy reforms,” the statement added.

Mr Onanuga said Mr Ogunjimi brings over 30 years of extensive experience in financial management across the public and private sectors.

He described the appointee as a career civil servant and the most senior director in the Office of the Accountant General of the Federation (OAGF),

“He has held significant positions, including Director of Funds at the OAGF and Director of Finance and Accounts at the Ministry of Foreign Affairs.

“A chartered accountant, certified fraud examiner, chartered stockbroker, and chartered security and investment specialist, Mr Ogunjimi’s academic qualifications include a Bachelor of Science (BSc) in Accountancy and a Master’s in Finance and Accounting,” the statement added.

According to Mr Onanuga, President Tinubu expressed his confidence in his appointment, saying, “The Office of the Accountant General of the Federation is pivotal to our nation’s treasury management operations. Mr Ogunjimi’s wealth of experience and notable competence will ensure the continued effectiveness of this vital institution as we advance our economic reform agenda.”

President Tinubu also commended the outgoing Accountant General of the Federation, Mrs Madein, for her dedication and selfless service to the nation.

After reaching the civil service’s statutory retirement age, Mrs Madein is retiring effective March 7, 2025.

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CBN Denies Forceful Mass Retirement Amid Restructuring

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CBN IMTOs

By Adedapo Adesanya

The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirement as part of efforts by Governor Yemi Cardoso to restructure the workforce of the organisation.

In a statement released on Wednesday, the Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, clarified that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.

According to the statement, the decision to implement the exercise was the outcome of extensive consultations with the bank’s Joint Consultative Council (JCC), a body representing staff interests.

Mrs Sidi Ali explained that the EEP, a longstanding policy previously accorded to the executive cadre, has now been made available to eligible staff at all levels.

“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she said in the statement.

Addressing concerns about potential repercussions for staff who decline the package, Mrs Sidi Ali reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded.

She further emphasized that the initiative is an internal corporate matter designed to promote career development for staff.

According to wide spread reports, there have been plans to retire approximately 1,000 employees by the end of the year with a payoff estimated to cost over N50 billion.

The mass retirement, which was announced in a circular issued three weeks ago, mandates affected employees to apply for the Early Exit Package (EEP).

The statement allegedly warned employees with less than one year of service or unconfirmed appointments to refrain from applying for the program, noting that the application would remain open until December 7, with an effective exit date of December 31, 2024.

It was reported that the entire EEP was valued at N50 billion.

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CBN Okays Appointment of Benson Ogundeji as Greenwich Merchant Bank CEO

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Benson Ogundeji Greenwich Merchant Bank CEO

By Modupe Gbadeyanka

The Central Bank of Nigeria (CBN) has approved the appointment of Mr Benson Ogundeji as the chief executive of Greenwich Merchant Bank Limited.

The board of the financial institution for businesses had picked Mr Ogundeji as its substantive CEO but awaited the authorisation of the banking sector regulator.

He brings over three decades of extensive banking experience to this role as a seasoned financial services professional, who previously served as Executive Director at Greenwich Merchant Bank from July 2020, where he played a pivotal role in the bank’s successful transition from the legacy Greenwich Trust Limited to a merchant bank.

In this capacity, he provided oversight for Corporate Banking, Treasury and Global Markets.

Throughout his career, Mr Ogundeji has demonstrated exceptional expertise in business development and operational excellence.

Before joining the firm, he held various senior leadership roles at prominent financial institutions, including Ecobank Nigeria, GTBank, and other notable banks, where he consistently displayed exceptional leadership skills.

His appointment comes at a crucial time as Greenwich Merchant Bank commences the next phase of its growth plans. Having related closely with the new CEO, as an Executive Director and acting CEO in the last four years, the board has expressed confidence about his ability to lead the bank in delivering our strategic goals.

“The board is pleased to announce the appointment of Benson Ogundeji as our Managing Director/Chief Executive Officer,” the chairman of Greenwich Merchant Bank, Mr Kayode Falowo, stated.

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