Jobs/Appointments
Banker Tasks Leaders on Innovation, Unveils Report on Millennial Employees
By Modupe Gbadeyanka
A Marketing Communication professional and employee with one of the leading commercial banks in Nigeria, Mr Nduneche Ezurike, has advocated a revolutionary shift in employee management in the modern workplace.
Mr Ezurike, in his research work titled ‘Employee MarketPlace- a study on employee engagement and workplace innovation in the millennial age,’ cautioned that organizations seeking to create happy moments and fat pay cheques as a strategy for achieving improved productivity are in for hard times in the era of the millennials.
He advised that they should instead pay greater attention to creating enabling environment which harnesses individual talents in the work place.
According to him, “In the era of innovation, there is little correlation between organizations with the highest wage package and its net productivity.”
He revealed that the Employee Marketplace is an engagement design which seeks to harness employee self-interest to unlock organizational benefits of innovation and business growth.
“‘Employee Marketplace’ as a management model,” he declared, noting that it “provides a new paradigm on multi-teaming, employee self-interest and enterprise innovation.”
The banker declared that forward-looking organizations must deliberately renew their attention on the traditional three Cs: communication, collaboration and community, stating that since engagement remains essentially an emotional activity involving passion, empathy and creativity, hence efforts to advance digital transformation must first understand employee self- interest and emotional intelligence.
The report showed how leaders can take advantage of the creative energies and talents of the millennials to achieve innovation within the organization. The three-part Presentation include: a video documentary of professional perspectives on employee engagement, theoretical reviews of the subsisting practices of employee engagement as well as quantitative survey report which the convener conducted in partnership with the Chartered Institute of Bankers of Nigeria.(CIBN) titled ‘The Millennial Voice.’
Undertaking a review of the current practice of employee engagement, Mr Ezurike questioned the practical relevance of some of the existing theories on employee happiness, employee motivation and the Employee Engagement-Profit-Chain.
According to some highlights of the report which was done in partnership with CIBN, 41 percent of the millennials state that competitive salary will make them put in their best whilst 59 percent believe that manpower development, reward and recognition will enable them offer their best service.
On the operating culture within their organization, 41 percent of the millennials express dissatisfaction with it whilst 11 percent express confidence with their corporate culture.
The report also showed that 41.4 percent of banks’ current employee engagement activities are focused mainly on employee awareness. This figure is higher than product adoption (20.7 percent), regulatory information (13.8 percent), and change management (13.8 percent) respectively.
Sharing his opinion, Mr Biodun Adedipe, the MD/CEO of Abiodun Adedipe and Co, commended the research initiative as a unique kind of research; an incisive effort to unravel the seeming mystery of the generation X and their work attitudes.
Also, Mr Femi Awoyemi, the chief executive of Proshare, expressed his excitement, stating that ‘the matter which had always been discussed in hushed tones is now brought to the centre of agenda’. He noted the role of generation X to be that of supporter, facilitator and mentor to the young generation rather than competitor.
On his part, President of Association of Corporate Affairs Managers of Banks (ACAMB), Mr Charles Aigbe, lauded the depth of research undertaken by Mr Ezurike noting that it is in line with the association’s current effort to build the capacity of marketing communication professionals in the banking industry.
Mr Michael Ebia, a millennial and CEO of Ade Digital, who confessed he had never witnessed a conversation centred on millennials, praised the session as an insightful one.
“Overall, I now see a wide difference between collaboration and co-operation; I also understand communication more as listening to the millennials,” Mr Ebia declared.
The term Millennials is usually considered to apply to individuals who reached adulthood around the turn of the 21st century.
Millennials are estimated to constitute over 72 percent of the global workforce by the year 2025, whilst over 50 percent of employees in the banking sector are estimated to be in the millennial generation.
The initiative, according to the convener, Mr Ezurike, was designed to arm business leaders with the winning strategies in engaging millennial and Afrilennial employees as well as contribute to the global conversation on the role of millennials in the workplace, especially in mid to large organisations.
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.
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.
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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