By Adedapo Adesanya
President Muhammadu Buhari has appointed Senator Margery Chuba Okadigbo as the new Chairman of the board of the Nigerian National Petroleum Company (NNPC) Limited.
She is the wife of late former Senate President, Mr Chuba Okadigbo. She will replace Mr Ifeanyi Ararume, who was appointed four months ago.
In a statement issued on Wednesday by the Special Adviser to the President on Media and Publicity, Mr Femi Adesina, President Buhari made the appointment in accordance with the power handed to him in the Petroleum Industry Act (PIA) 2021.
The Group General Manager of the company, Mr Mele Kolo Kyari, was named the Chief Executive Officer, and Mr Umar I. Ajiya, was made the Chief Financial Officer of the state oil company.
Other members of the board include; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Engr. Henry Obih (South East), Barrister Constance Harry Marshal (South-South), and Chief Pius Akinyelure (South West).
According to the statement, the appointments take effect from the date of the incorporation of NNPC Limited.
Also appointed are Executive Commissioners of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
These are Mr Nuhu Habib (Kano), Executive Commissioner, Development and Production, Mr Kelechi Onyekachi Ofoegbu (Imo), Executive Commissioner, Economic Regulations and Strategic Planning, Mr Tonlagha Roland John (Delta), Executive Commissioner, Health, Safety, Environment and Community, and Mr Jide Adeola (Kogi), Executive Commissioner, Corporate Services and Administration.
Earlier appointed were the Board Chairman, CEO, Executive Commissioner, Exploration and Acreage Management, and Executive Commissioner, Finance and Accounts.
In a similar vein, the new appointees at the Nigerian Midstream and Downstream Petroleum Regulatory Authority are Mr Francis Alabo Ogaree (Rivers), Executive Director, Hydrocarbon Processing, Mr Mustapha Lamorde (Adamawa), Executive Director, Health, Safety, Environment and Community, Mr Mansur Kuliya (Kano), Executive Director, Midstream and Downstream Gas Infrastructure Fund, Mr Bashir Sadiq (Sokoto), Executive Director, Corporate Services and Administration, and Mr Zainab Gobir (Kwara), Executive Director, Economic Regulations and Strategic Planning.
They join the Board Chairman, Executive Director, Downstream Systems, Storage and Retailing Infrastructure, the CEO, and Executive Director, Finance and Accounts, who had earlier been appointed.
For Midstream and Downstream Infrastructure Fund, new Council Members are; Mr Effiong Abia (Akwa Ibom), Mr Bobboi Ahmed (Adamawa), and Mr Abdullahi Bukar (Katsina).
The presidency had in September 2021 announced the composition of the Board and management of the company, naming Mr Ararume as chairman, but did not inaugurate the appointees.
The statement further reminds that President Buhari had in September, written the Senate on the administrative structure amendments to the Petroleum Industry Act, which included the appointment of Non-Executive Board Members, removal of the Ministries of Petroleum and Finance from the Board of the two new institutions, and appointment of Executive Directors.
NW Tech Capital Appoints Stella Damasus to Help Boost African Expansion
By Adedapo Adesanya
Nigerian veteran actor and singer, Stella Damasus, has been appointed as the lead Consultant for talent acquisition of Las Vegas-based company, NW Tech Capital (NWTT) Beauty and Wellness division in its African expedition.
In a statement, the company said, “NW Tech Capital and TROPICSLAB is pleased to announce that award-winning Nollywood celebrity Stella Damasus, has joined us, as lead Consultant for talent acquisition of the company’s Beauty and Wellness division in its African expedition.”
It was disclosed that she will be tasked with the responsibility to expand the company’s tentacles by acquiring the best talents to fulfil the vision of establishing a flurry of high-end celebrity cosmetic brands across Africa.
NW Tech Capital, a publicly traded diversified holding company that was founded in 1996, is actively involved in the acquisition and investment of small, mid-size, and development-stage private businesses in varied industries.
Based on Tropicslab’s clinically tested formula, over the next five years, NWTT projects to invest at least $100,000,000 in Africa, in Skincare research and development, manufacturing, distribution, and marketing, to generate substantial revenue for our shareholders and to help combat skin cancer for people of colour.
Speaking on the projection, NWTT CEO Mr Cedric Yengo said – “Stella brings with her a wealth of experience and refined skill in talent acquisition that is almost unparalleled in today’s market.
“With her extensive connections in the industry and her acumen for strategic alliances, we believe that Stella will help us to position ourselves as the premier Beauty and Wellness Company, in the nearest future”.
According to Ms Edith Delight CEO of Tropicslab, “The Task Force led by Stella Damasus will begin accepting applications from celebrities immediately, for the creation of high-end celebrity cosmetic brands”.
Orazulike Joins Ecobank Nigeria Board as Non-Executive Director
By Modupe Gbadeyanka
A seasoned business magnate, corporate administrator and philanthropist, Mr Nnaeto Orazulike, has been appointed to the board of Ecobank Nigeria Limited as a non-executive director.
A statement from the financial institution disclosed that the appointment of the founder and Group Managing Director of Genesis Group took effect from April 2022.
Genesis Group is a Nigerian conglomerate with interests in restaurants, cinemas, hotels, food production and oil & gas services and production.
The businessman would be expected to the board his wealth of experience from similar positions in the past as he had previously served on the board of Fidelity Bank Plc between 2008 and 2017.
He is the National Chairman of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture Trade Group on Tourism and Hospitality. He also currently sits on the boards of various companies and organizations including Shelf Drilling Nigeria, West African Metal Processing Co. Ltd., Fate Foundation, and Spiritan University, Nnochi Imo State.
Mr Orazulike is a graduate of the University of Nigeria with a Bachelor of Science in Accounting degree and an alumnus of Harvard Business School, Executive Training Program. He was also awarded the prestigious Honorary Doctor of Science degree by the University of Port Harcourt in 2015
It was stated that he was picked for this position because he has distinguished himself as a leader in his various endeavours, pioneering and promoting professions through the growth of indigenous talents in Nigeria and beyond.
It was said that the appointee embodies the pan-African vision of the bank and brings with him the wealth of experience, professionalism, and integrity which has earned him national and international acclaim.
Adewale Oyerinde Takes Over as New NECA DG
By Adedapo Adesanya
The Nigeria Employers’ Consultative Association (NECA) has appointed Mr Adewale Oyerinde as the Director-General of the association, effective on Monday, August 1, 2022.
NECA’s President, Mr Taiwo Adeniyi, made this known in a statement on Sunday in Lagos.
The position of Director-General became vacant following the demise of late Dr Timothy Olawale in September 2021.
Mr Adeniyi said that Mr Oyerinde was expected to build on the legacies of professionalism and excellent service that the association was known for and take it to greater heights.
Prior to his ascension, Mr Oyerinde was the Deputy Director and Head of Membership Services of the association.
Mr Oyerinde joined NECA in 2010 and has worked in various capacities in the Social, Economic and Labour Affairs Department and also the Learning and Development Department of the association.
He has over 16 years of experience in Industrial and Human Resources (HR), Business Development, Stakeholders Management and key areas of Employers’ Federation/Business Membership Organisation Management.
Mr Oyerinde, according to the statement, is an HR thought-leader and International Labour Organisation (ILO) trained Master Trainer
He is also a United Nations Industrial Development Organisation-trained ISO 9001:2015 (Quality Management System), ISO 1400:2015 Lead Auditor.
Mr Oyerinde holds a Bachelor’s and Master’s degree in Industrial Relations and Personnel Management from the University of Lagos. He is an alumnus of the International Training Centre of the ILO and a full member of the Chartered Institute of Personnel Management (CIPM), among others.
Latest News on Business Post
- 95% of Insurance Firms Upload Data to NAICOM Server August 13, 2022
- Africa Gets Just 12% of Climate Change Financing August 13, 2022
- NITDA Wants Nigerians’ Contributions to AI Development August 13, 2022
- International Youth Day 2022 and Nigerian Youth Ordeals August 12, 2022
- A Thoughtful Approach to Wealth Management August 12, 2022
- Firm Launches Yellow Pay to Facilitate Easy Intercontinental Transactions August 12, 2022
- Verification of Bank of Agriculture Pensioners Begins August 12, 2022
- Twitter Introduces Location Spotlight, Others to Benefit Professionals, Businesses August 12, 2022
- CitiTrust Lifts Over-the-Counter Bourse by 0.05% August 12, 2022
- Value of Naira Falls at P2P, I&E, Parallel Market as Forex Scarcity Worsens August 12, 2022