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Buhari Picks Bui as FRSC Acting Corps Marshal as Oyeyemi Retires

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Dauda Ali Biu Acting Corps Marshal

By Adedapo Adesanya

President Muhammadu Buhari on Monday appointed the Deputy Corps Marshal (DCM) Finance and Accounts, Federal Road Safety Corps (FRSC), Mr Dauda Ali Biu, as the Acting Corps Marshal as Mr Boboye Oyeyemi bowed out of service on July 24.

The former Corps Marshal confirmed this development while handing over affairs of the traffic agency at the FRSC headquarters on Monday in Abuja.

According to a statement issued by the Corps Public Education Officer (CPEO), Assistant Corps Marshal (ACM), Mr Bisi Kazeem, President Buhari said Mr Biu to take charge of the FRSC from July 24, wishing him a successful tenure.

Speaking, the board Chairman, Mr Bukhari Bello, congratulated the new Corps Marshal on his appointment, urging him to sustain the tempo and ensure the mandates of the agency were acted upon.

Mr Bello said Mr Oyeyemi laid a good foundation and legacy, charging his successor to carry out the vision effectively.

On his part, the Acting Corps Marshal appreciated the management of FRSC and the Presidency for the appointment, pledging his diligence and zeal in carrying out the FRSC mandate effectively.

Mr Biu promised not to let the system down, adding that he ensure that the mandates of FRSC were pursued vigorously in line with the objective.

He joined the FRSC precisely in 1988 and has had a fruitful career working across several formations.

He holds a Master’s degree in Business Administration (MBA) from Ahmadu Bello University and was the Assistant Corps Marshal (ACM) Finance and Accounts in 2014 before becoming the DCM in 2016.

Highlights of the event were the attendance of important dignitaries, and transport sectors, including Nobel laureate, Mr Wole Soyinka; and the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha; among others.

Mr Oyeyemi retired on Sunday, July 24 from service and remains the first Corps Marshal to be pulled out of service and the last of the founding staff of the agency.

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.

Jobs/Appointments

Prudential Empowers Young Professionals Aspiring to be Change Makers

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Prudential young professionals

By Adedapo Adesanya

Prudential has reiterated its efforts to contribute to the growth and transformation of the economy and young employees by bringing a fresh perspective and a different way of thinking to any business.

This was the crux of the company’s recently concluded four-day immersive leadership programme, which saw young professionals from across the group hosted in Lagos.

The programme sought to inspire, empower and develop a community of young employees to become active change makers through innovation in order to create a future-ready Prudential.

Now in its third cohort, the Prudential Young Professional Programme is a grouping of 40 young employees aged 35 years and below from Africa, Europe and Asia i.e. Cameroon, Cote d’Ivoire, Ghana, Kenya, Togo, Uganda, Zambia, Nigeria, Singapore, Thailand, Malaysia, the United Kingdom selected on the recommendation of their leaders.

The young professional programme was designed to connect young changemakers across the group to each other, mentors who are CEOs as well as senior executives, to learn and create solutions for our customers.

“With an average employee age of 37 years in Africa, we value thoughts and ideas from our younger employees. The program is not only designed to serve our customers to get the most out of life, but we also enable all employees to pursue their dreams and reach the highest potential, both personally and professionally. Prudential is counting on the young professionals, our next generation, to continue building our legacy as future leaders and create a future-ready Prudential,” said the Chief HR Officer for Prudential Africa, Mrs Maria Shipiri.

“As a just and inclusive employer, Prudential strives to create a work environment where our diverse and talented team can bring their authentic selves to the workplace in order to create, innovate, learn, succeed and grow,” said Mrs Nikki Davies, Group Diversity and Inclusive Director.

Harnessing on the creativity and energy of our young colleagues, the cohorts will collaborate across locations, businesses, and departments, generating ideas and prototypes and resulting in proposals to create a future-ready and competitive Prudential.

With over 540 employees in Africa 35 or less, the programme focuses on building a tight-knit cohort while simultaneously supporting individuals and uniting emerging leaders from various businesses to engage in value-based leadership discussions and hands-on workshops while also gaining visibility across senior stakeholders and co-creating solutions for the company.

As part of Prudential’s growth roadmap, we are significantly investing in our people and technology to build the capacity to serve more customers. Today, Prudential serves over 19 million life customers in Asia and Africa.

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IFC Picks Dahlia Khalifa as Regional Director for Nigeria, Others

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Dahlia Khalifa

By Adedapo Adesanya

The International Finance Corporation (IFC) has announced the appointment of Ms Dahlia Khalifa as its Regional Director for Central Africa, Liberia, Nigeria, and Sierra Leone.

In her new role, she will drive IFC’s strategy to create a more resilient and sustainable private sector to support the development and job creation in the region.

Ms Khalifa will lead IFC’s investment and advisory teams in Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, Gabon, Liberia, Nigeria, Sao Tome and Principe, and Sierra Leone. While these countries face challenges such as rising inflation and the effects of climate change, a young, vibrant, and entrepreneurial population presents opportunities for a more dynamic private sector.

In a statement made available to Business Post, it was revealed that the new regional head would be based in Lagos, Nigeria.

Speaking on her appointment, Mr Sérgio Pimenta, IFC Vice President for Africa, said, “I look forward to working with Dahlia and her team to deliver on new opportunities in the years to come, such as empowering more of the region’s entrepreneurs.”

On her part, the appointee said, “We are stepping up our work to empower the private sector and to work jointly with government and development partners to deliver greener, more inclusive, and sustainable growth in the region. I  commit to further strengthening IFC’s work so that together we can build the strong foundations for private and public sector partnerships.”

Ms Khalifa, an Egyptian and American national, was most recently the Senior Manager for IFC’s Creating Markets Advisory program in the Middle East, Central Asia, Türkiye, Pakistan, and Afghanistan region, where she and her team supported the removal of barriers to investment to strengthen the private sector and boost economic development.

Before joining the World Bank Group, she founded and managed financial services companies providing brokerage, corporate finance, private equity investing, and management consulting services in the Middle East and Africa.

As of September 30, IFC had an investment and advisory portfolio in Central Africa and Nigeria of more than $2.53 billion across financial services, infrastructure, and agribusiness and is continuing to grow its portfolio in health, manufacturing, and value chain development.

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Prudential Appoints Emmanuel Mokobi Aryee as CEO

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Emmanuel Mokobi Aryee

By Adedapo Adesanya 

Prudential Plc has announced the appointment of Mr Emmanuel Mokobi Aryee as the new Chief Executive Officer for Africa to oversee the operations of Prudential in its eight African markets.

The appointment seeks to centralise Prudential’s operations in Africa as well as strengthen and grow the business in markets where it currently operates.

In a statement, Mr Solmaz Altin, the Prudential Managing Director, Strategic Business Group, said he was pleased with Mr Aryee’s new role, noting that it will take effect on January 1, 2023.

“Africa is a strategic growth driver for our Group; building the talent and capacity to drive the next level of business growth is key and will foster greater efficiency and effective decision-making to help us deliver on our purpose of helping people in Africa get the most out of life by making healthcare and financial security more accessible and affordable,” Mr Solmaz added.

Currently, Mr Aryee is the Regional Chief Executive Officer for two regions: East & Central and West & Southern Africa.

The appointee is a well-known industry veteran with more than 29 years of experience in commercial leadership in Africa. His past experience includes turning around businesses on the African continent, moving Prudential to the number one market position in some of our countries, and gaining recognition as an innovative player. Over the years, he has nurtured employees and created room for talent to thrive.

Data from the Swiss Re Institute ranks the African continent as the second-fastest growing insurance market in the world after Latin America, with a total value of $68 billion. Yet, Africa has a large uninsured population, as reflected in the low insurance penetration levels currently at 2.8 per cent. This points to significant headroom for the expansion of the underwriting market, also given the population is expected to double to 2 billion by 2050.

To this end, Prudential noted that as a purely Asia and Africa-focused business, “we are investing in people and technology to build the capacity to serve more customers on the continent.”

Prudential serves over 1.7 million customers in Africa through a distribution network of more than 13,000 agents and 600 bank branches. After entering Ghana in 2013, the underwriter is now present in eight countries – Cameroon, Cote d’Ivoire, Ghana, Kenya, Togo, Uganda, Zambia and Nigeria.

“We are confident that the Africa business will continue to thrive under the stewardship of Mokobi,” the company noted.

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