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AfDB Appoints Nourredine Lafhel as Acting Chief Risk Officer

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AfDB Nigeria Country office

By Adedapo Adesanya

The African Development Bank Group (AfDB) has announced the appointment of Mr Nourredine Lafhel as acting Chief Risk Officer (CRO) of the Abidjan based institution effective April 6, 2020.

According to the bank, Mr Lafhel, who is a Canadian national, held the post of Sovereign Credit and Market Risk Division Manager (PGRF3), in the Directorate of the Group Risk Management Function of the lender.

An experienced risk management professional, his careers spans over two decades in finance and risk management and is a proven leader in the development of innovative solutions and strategies for balance sheet optimization, capital adequacy and market risk management.

With a work experience that covers several continents, including North America, Middle East and Africa, Mr Lafhel as Division Manager has extensive experience in reviewing market risk, sovereign portfolio reports, sovereign credit policy and the Bank’s credit policy and graduation.

AfDB noted that the appointee has been instrumental in defining its economic capital requirements for market, credit and operational risk. In particular, he was part of the team that developed the Room2Run initiative – the bank’s innovative $1 billion synthetic securitisation deal.

Before joining the bank, Mr Lafhel held senior treasury and credit risk roles at S&P Global Ratings as Director, Sovereign and International Public Finance Rating, and as Senior Director, Credit Risk Management & Rating at Acreditus, in the United Arab Emirates (UAE).

In these roles, the bank’s new CRO provided strategic advice, policy guidance and analytical support to MENA sovereign entities in the area of capital markets, credit risk management and ratings on confidential basis.

Prior to this, he served at the Bank of Canada as a Principal Credit Risk officer, where he was responsible for the implementation of the internal rating methodologies and scorecards of sovereigns, GREs, supranational institutions, and banks. He led credit risk assessments and internal ratings of investment and trading counterparties.

Mr Lafhel is fluent in French, English and Arabic, and holds a Master’s Degree in Applied Finance from the University of Quebec at Montreal – ESG School of Management, Canada and a Bachelor (Honours) in Financial Management from the Faculty of Law, Economics and Social Sciences, at University Hassan II of Casablanca in Morocco.

Speaking on the appointment, Mr Akinwumi Adesina, President of AfDB, said, “Nourredine is an experienced and well-respected professional who has played an active role in the Bank’s asset liability management and credit risk committees.

“He has provided critical technical direction in the development of innovative solutions and strategies for balance sheet optimization including sovereign exposure exchange agreement, sovereign risk transfer, Room2Run and the AFAWA risk sharing mechanism.”

“I am confident that Nourredine will continue to provide critical leadership and innovation to ensure that we maintain our triple A rating,” he added.

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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Jobs/Appointments

Kayode Oyekanmi Replaces Sola Kosoko as LTV General Manager

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Kayode Oyekanmi LTV General Manager

By Modupe Gbadeyanka

Lagos Television (LTV 8), Alausa, Ikeja, has a new General Manager, and he is Mr Kayode Oyekanmi, replacing Mrs Sola Kosoko, who was ousted by the Lagos State government.

Mr Oyekanmi was presented with his letter of appointment on Wednesday, May 13, 2026, by the Lagos State Head of Service, Mr Bode Agoro, in a brief ceremony.

The new General Manager of the state-owned broadcast station was tasked with using his vast experience in the media space to take LTV 8 to greater heights.

Mr Agoro expressed confidence in Mr Oyekanmi’s capacity to reposition Lagos Television and wished him a successful and impactful tenure of office.

Prior to his appointment, Mr Oyekanmi served as the Director of Strategy Centre at the Lagos State Ministry of Information and Strategy, a position he has held since 2022.

A seasoned brand communications practitioner, Mr Oyekanmi has over three decades of professional experience spanning both the private and public sectors, with expertise in Advertising, Public Relations, and global export services.

He commenced his public service career as a Public Affairs Practitioner on March 1, 2000, with the Lagos State Ministry of Information and Strategy.

The new LTV boss, a Lagos State indigene from Isale Eko, Lagos Island, has received several awards in recognition of his dedication, hard work, and commitment to the journalism profession.

He holds a Master’s degree in Public Administration (MPA) from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.

He is an active Member of the Nigeria Union of Journalists (NUJ) and the Nigerian Institute of Public Relations (NIPR).

In addition, he is a voracious reader and a passionate lawn tennis player, and currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.

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Tinubu Chooses Famadewa as Special Adviser on Homeland Security

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adeyinka famadewa

By Modupe Gbadeyanka

A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.

The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.

His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.

It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.

The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.

The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.

He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.

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FCMB Fortifies Board With Appointment of LSETF Chair Adepeju Adebajo

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Adepeju Adebajo

By Aduragbemi Omiyale

In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.

A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).

She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.

Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).

In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).

Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.

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