Jobs/Appointments
AfDB Appoints Magala as VP Corporate Services & HR

By Modupe Gbadeyanka
Dr Mateus Magala has been named by the African Development Bank (AfDB) Group as the new Vice President for Corporate Services and Human Resources, effective from September 1, 2018.
Dr Magala, a citizen of Mozambique, is currently the Chairman and Chief Executive Officer of the Electricity of Mozambique (EDM).
He holds a Masters in Economics and Econometrics (2000), a Masters in Transport Economics and Management (1998) and a Master’s in Business Administration, all from the University of Sydney, Australia. He also holds a Master of Science in Mechanical Engineering from the Academy of Brno, Czech Republic, (1990). Dr. Magala obtained his PhD in Economics from Victoria University, Australia (2004).
He worked earlier at the African Development Bank from 2008-2015 in various roles, including as Principal Planning Economist and Strategist, Strategy Advisor, and Resident Representative of the Bank in Zimbabwe, prior to being requested to return to his country of Mozambique, to help revamp the nation’s utility company, the EDM. While at the Bank, he helped to lead the development of the Bank’s Ten Year Strategy.
Prior to joining the Bank, he had worked as Research Fellow at the University of Sydney, Australia (2001-2003), Senior Research Fellow and Senior Lecturer, at the University of Melbourne, Australia (2003-2005), Associate Director for Strategic Designs and Development in Australia (2006-2007), Team Leader for the Strategy Advisory Services, Parsons Brinckerhoff in Australia, Economic and Strategy Advisor for Rio Pinto (2008-2009).
Dr. Magala brings a strong transformation and reform mindset and experience. At the EDM, where he heads several thousand staff, he embarked on reforms to put in place performance based systems, cut back on layers of bureaucracy, implemented global talent hunts and established performance-based contracts.
Within two years, the performance of the EDM saw a rapid turn around. With recruitment of better-qualified and rewarded staff, EDM saw its revenue rise from $150 million to $500 million and on track to reach $1 billion by 2020. He has won acclaim for his work at EDM, earning the 2017 Personality of the Year in Mozambique, by the Blue Bird Club, the 2016 African Leadership Business Excellence Award and the Outstanding Contribution for Power, 2017 / 2018, by the African Utility Week Industry Awards.
Commenting on his appointment, Dr. Mateus Magala said “It is such a great honor to be appointed as Vice President for Corporate Services and Human Resources for the African Development Bank. I look forward to helping to further promote a culture of high productivity, performance and accountability for results, through attracting, rewarding, and retaining best-in-class staff talents”.
“Already, the Bank is the fourth most attractive company among employers in Africa. I look forward to working with President Adesina on his bold reforms and to help fast-track institutional systems and processes to make the Bank more nimble for faster responsiveness to the needs of our stakeholders, while accelerating the delivery of the operations of the Bank”, said Dr. Magala.
Speaking on the appointment, the President of the African Development Bank, Dr. Akinwumi Adesina said “Dr. Magala has led institutional reforms successfully and brings innovative ideas, creativity, passion, drive and determination to implement reforms. He is results-oriented. I expect that he will be able to effectively align the human resources and corporate services to support the Bank on its lending and non-lending operations to achieve greater impacts”.
“Dr. Magala, who is from a Lusophone or Portuguese speaking African country, also becomes the first-ever Vice President of the Bank from a Lusophone country in the Bank’s 54 year history. This reaffirms my strong personal commitment, and that of the Bank, to greater diversity, inclusiveness and broad-based representation within the Bank Group”, said Dr. Adesina
Jobs/Appointments
Admir Imami Joins Working Capital Lender Zvilo as CEO

By Modupe Gbadeyanka
A working capital lender, Zvilo, has appointed a former employee of British International Investment (BII), Mr Admir Imami, as its new full-time chief executive.
Mr Imami was the former Investment Director and Head of Trade and Supply Chain Finance at British International Investment, the United Kingdom’s Development Finance Institution.
He is expected to bring his extensive global trade finance experience and leadership to Zvilo, which is committed to bridging the $2.5 trillion global trade finance gap.
His appointment is to leverage his expertise in order to enhance and expand Zvilo’s global trade finance operations. His strategic vision and deep understanding of financial markets are expected to propel Zvilo’s mission of addressing the working capital needs of businesses across multiple regions.
With a focus on innovation and growth, Mr Imami will lead Zvilo through its next phase of development, ensuring the company remains at the forefront of delivering tailored financial solutions within an evolving geopolitical market landscape.
With over three decades of experience in lending and transformation, the new CEO has successfully built scalable direct lending businesses across various asset-based products serving the full range of entities and institutions in both developed and emerging markets.
His background includes product development, bank transformations, asset management, technology adoption, financial regulations, risk management and credit underwriting.
“We are delighted that Admir Imami is joining as our full-time CEO. His experience in developing sustainable, long-term solutions that align compliance, regulatory frameworks, and business objectives will be critical as the business scales.
“Following three years of growth, this appointment will bring a renewed and dedicated perspective and the operational excellence essential for our next phase.
“Admir’s background and expertise will help us achieve the perfect balance between innovation and operational efficiency,” a member of Zvilo’s board, Ron Boddy, stated.
“Zvilo is constructed on exceptional foundations, developed using groundbreaking technology, with a robust loan book and a strong focus on delivery and market expansion.
“My immediate objectives as CEO will include ensuring effective scaling, executing with operational excellence, and continuing to create value for our customers, employees, and investors.
“I am eager to lead a distinguished team of finance, operations, technology, and regional experts and partners as we embark on the next chapter of Zvilo’s growth,” Mr Imami, enthused.
While at BII, Mr Imami successfully built a trade finance business from scratch with commitments of over $2 billion and limits to over 380 issuing banks all supporting trade transactions in the amount of $30bn in Africa and South Asia.
He was also instrumental in establishing BII’s first Supply Chain Facility with global banking partner Standard Chartered Bank and in broadening BII’s mandate to encompass a wide range of trade finance asset classes.
Prior to that, he was co-founder and CEO of Advance Global Capital (AGC), a global impact trade finance investment manager among other professional posts he has held during his long international career.
Jobs/Appointments
CBN Appoints 16 New Directors for Efficiency

By Adedapo Adesanya
The Central Bank of Nigeria (CBN) has appointed 16 new directors across key departments in the apex bank as it moves to consolidate its modern operations.
These appointments, which took effect from March 3, affect crucial departments in the apex bank, including Monetary Policy, Trade and Exchange, Banking Supervision, Payment Systems, and Consumer Protection, among others.
These changes are coming as Nigeria continues to targets a $1 trillion economy spurred by constant evolution in the global financial space.
Speaking some months ago, the Governor of the CBN, Mr Yemi Cardoso, said the apex bank has been given a core mandate towards playing a crucial role in reaching the goal.
Already, banking institutions are raising capital ahead of March 2026 deadline to prevent against failures and shocks.
Also, digital payments have caught on in the last five years with fintechs rivalling traditional banks for talent and service offerings.
The appointments will help position the lender— and the country— towards proper regulations and will help institute the necessary regulations in one of the country’s most important sector.
This is the list of the newly appointed directors at the Central Bank of Nigeria (CBN):
1. Dr. Olubukola Akinwunmi Akinniyi – Director, Banking Supervision.
2. Yusuf Rakiya Opeyemi – Director, Payment System Supervision.
3. Aisha Isa-Olatinwo – Director, Consumer Protection.
4. Abdullahi Hamisu – Director, Banking Services.
5. Dr. OJumu Adenike Olubunmi – Director, Medical Services.
6. Mr. Makinde Kayode Olanrewaju – Director, Procurement & Support Services.
7. Mrs. Jide-Samuel Omoyemen Avbasowamen – Director, Information Technology.
8. Mrs. Sike Rita Ijeoma – Director, Financial Policy and Regulation.
9. Dr. Victor Ugbem Oboh – Director, Monetary Policy.
10. Mr. Nakorji Musa – Director, Trade and Exchange.
11. Dr. Vincent Monsurat Modesola – Director, Strategy Management and Innovation.
12. Mr. Farouk Mujtaba Muhammad – Director, Reserve Management.
13. Dr. Adetona Sikiru Adedeji – Director, Currency Operations and Branch Management.
14. Mr. Hassan Ibrahim Umar – Director, Development and Finance Institutions Supervision.
15. Mr. Solaja Mohammed-Jamiu Olayemi – Director, Other Financial Institutions Supervision.
16. Dr. Okpanachi Usman Mose – Director, Statistics.
Jobs/Appointments
Tinubu Appoints Ogunjimi as Nigeria’s Accountant General

By Dipo Olowookere
Mr Shamsedeen Babatunde Ogunjimi has been appointed as the substantive Accountant General of the Federation, replacing Mrs Oluwatoyin Madehin.
Mr Ogunjimi was picked to fill the position by President Bola Tinubu, a statement by his Special Adviser on Information and Strategy, Mr Bayo Onanuga, disclosed on Tuesday.
The appointment, according to him, will take effect from Friday, March 7, 2025, the same day Mrs Madehin will retire from the civil service.
It was disclosed that the appointment of a new accountant general for the country followed “a rigorous selection process.”
Mr Onanuga said in the statement that the 57-year-old appointee, who was first named as Mrs Madehin’s successor last December, was chosen by a selection committee after a competitive, rigorous, and merit-based process involving Directors of Accounts in the Federal Civil Service.
The panel conducted the process through three stages: a written assessment, an ICT proficiency test, and oral interviews, underscoring Mr Tinubu’s commitment to promoting transparency, excellence, and competence in key public service positions.
Mr Ogunjimi graduated from the University of Nigeria, Nsukka, in 1990 with a Bachelor of Science in Accountancy. He also obtained a Master’s in Accounting and Finance from the University of Lagos.
He is a fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.
President Tinubu, who congratulated Mr Ogunjimi on his appointment, urged him to discharge his duties in the service of Nigeria with integrity, professionalism, and dedication to Nigeria’s service.
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