Connect with us

Jobs/Appointments

Agusto & Co Appoints Adelekan CEO as Shobo Bows Out

Published

on

By Dipo Olowookere

After over two decades at Agusto & Co, Nigeria’s foremost credit rating agency, Ms Vivien Shobo, has retired as the Chief Executive Officer of the organisation.

While she piloted affairs of Agusto, Ms Shobo facilitated landmark multibillion transactions including the largest Municipal Bond programme and single largest tranche issuance, the Lagos State government’s N500 billion bond programme and N87.5 billion bond issuance.

She ensured that the company strengthened its formidable market position in Nigeria and Africa by obtaining Credit Rating Agency licenses from the capital market authorities of Kenya and Rwanda.

Under her leadership, Agusto successfully rated most of Nigeria’s leading banks and pioneered domestic credit ratings for notable corporates such as Dangote Cement Plc, MTN Nigeria Communications Plc, Lafarge Africa Plc, Nigerian Breweries Plc, Guinness Nigeria Plc, Julius Berger amongst others.

She further helped the firm facilitate the first bond issued by a deposit money bank in Nigeria in 2006, which is the Access Bank N13.5 billion redeemable bond.

During her tenure, the organisation helped in the first bond issued by an insurance company in 2008, the Crusader Nigeria Plc N4 billion Unsecured Convertible Debenture; the first 15-year corporate green bond fully guaranteed by infrastructure Credit Guarantee Company Limited (Infracredit), NSP-SPV PowerCorp Plc’s N8.5 billion 15-year 15.60 percent Series 1 Guaranteed Fixed Rate Senior Green Infrastructure Bond Due 2034; and the first commercial paper issuance under the new guidelines of FMDQ, UPDC’s N24 billion commercial paper programme.

In addition, she assisted in the first hospitality corporate bond issuance in the Nigerian debt capital market, Transcorp Hotels Plc’s N19.7 billion Series I & II bonds Due 2020; the first FinTech corporate bond (callable) issuance in the Nigerian debt capital market, Interswitch Africa One Plc’s N23 billion 7-Year 15 percent Fixed Rate Series 1 Senior Unsecured Callable Bonds Due 2026; the first logistics corporate bond issuance in the Nigerian debt capital market, TAK Agro Plc’s N15 billion 16.49 percent 7-year Fixed Rate Senior Bond Due 2026; and the World Bank credit rating assessment for City of Kigali and the 30 districts in Rwanda in 2015.

A statement issued by Agusto said following the retirement of Ms Shobo, it has appointed Ms Yinka Adelekan, an Executive Director in the company, as its new CEO.

The new CEO is an astute finance executive with over 20 years’ experience in the financial services industry, and her expertise spans credit ratings, corporate banking, risk management, product development, financial analysis, and information management.

Agusto & Co is a pioneer in the Nigerian Credit Ratings Industry and commenced business in January 1999. In 2001, Agusto & Co became the first credit rating agency to be licensed by the Securities and Exchange Commission (SEC).

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]

Jobs/Appointments

CIPM Remains Sole Recognised Regulator of HR Practice in Nigeria

Published

on

CIPM HR Practice in Nigeria

By Adedapo Adesanya

The federal government has reaffirmed the Chartered Institute of Personnel Management of Nigeria (CIPM) as the only legally recognised regulatory body for Human Resource (HR) practice in the country.

This follows the release of a new directive aimed at professionalising HR functions across the Federal Public Service.

The directive, contained in a circular issued by the Office of the Head of the Civil Service of the Federation (OHCSF), mandates officers occupying HR positions in Ministries, Departments and Agencies (MDAs) to obtain approved professional certifications.

The circular, referenced HCSF/3065/Vol.1/230 and dated May 14, 2026, was signed by the Head of the Civil Service of the Federation, Mrs Didi Esther Walson-Jack.

According to the circular, the policy is part of ongoing reforms targeted at strengthening professionalism, ethical standards, competence and service delivery within the Federal Civil Service.

The government specifically recognised certifications issued by the Chartered Institute of Personnel Management of Nigeria (CIPM), alongside a few globally recognised HR professional bodies, further reinforcing the Institute’s statutory role in regulating and advancing HR practice in Nigeria.

Under the new policy, officers deployed to HR functions within the Federal Public Service are required to possess approved HR certifications within a 12-month grace period.

It was also granted to affected officers to regularise their certification status, after which only certified professionals will be eligible for deployment into designated HR roles.

Reacting to the development, the President and Chairman of the Governing Council of CIPM, Mr Ahmed Ladan Gobir, described the circular as a landmark step towards institutionalising professionalism in Nigeria’s public sector.

He said the directive aligns the nation’s civil service with global best practices in Human Resource Management while reinforcing the importance of professional competence and ethical compliance in workforce management.

Mr Gobir stressed that CIPM remains the only institute legally empowered to regulate HR practice in Nigeria, noting that the Institute’s enabling law grants it authority to set standards, certify practitioners and enforce discipline within the profession.

“While the circular recognises certain international certifications, it is important to reiterate that within Nigeria, CIPM remains the only Institute with the legal mandate to regulate the practice of Human Resource Management,” he stated.

Continue Reading

Jobs/Appointments

Kayode Oyekanmi Replaces Sola Kosoko as LTV General Manager

Published

on

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.

Continue Reading

Jobs/Appointments

Tinubu Chooses Famadewa as Special Adviser on Homeland Security

Published

on

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.

Continue Reading

Trending