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Charles O’Tudor Steps Down as CEO of Adstrat BMC

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Charles O'Tudor

By Modupe Gbadeyanka

The Group Principal Consultant of Adstrat BMC, Mr Charles O’Tudor, has stepped down from his position as CEO/Principal Consultant of the company and has appointed Mr Daniel Victory Momoh, a strategist and conceptual thinker that has worked closely with the brand since May 2019 as the new leader.

He announced this at the Season 05 of the Charles O’Tudor Brand Masterclass held at the Marriott Hotel, GRA, Ikeja on November 27, 2021.

The event was a huge success as brilliant minds and industry thought leaders were present to stimulate the minds of the audience, which was a mix of young entrepreneurs and business moguls in the corporate world.

Thought leads present were Mr Fela Durotoye (President of the GEMSTONE Nation Builders Foundation), Mr Lanre Olusola (Chief Catalyst at Olusola Lanre Coaching Academy), Udo Okonjo (CEO of Fine and Country West Africa) and Olawale Ayilara (CEO/Founder of Landwey).

The masterclass started off with a saxophone interlude, the dexterous Bamise Odusote delivered sonorous tunes to set the mood for the event.

The first presentation on Audacious Branding was delivered by the main speaker and convener Charles O’Tudor highlighting the meaning and essence of being an audacious brand in your industry, which will help set the pace for global positioning.

The next presentation was by Mr Durotoye, who urged the audience to focus on brand beliefs and value add, what your brand believes in will set the pace for what your market will believe in.

Mr Olusola on his part spoke on the importance of wisdom, creating and preserving your name, recognising your gift, using it to serve humanity and solving problems at deep levels.

Mrs Okonjo spoke on developing key strategies to expand market reach. She also said that audacious branding is an idea that helps you choose who and how to play within your industry, identifying and developing the right mindset it takes to win.

Mr Olawale Ayilara stimulated the audience to think beyond their environment, stating that your brand can be present in a particular location but have a mindset that is not tied to or limited to that location. To achieve the status of an audacious brand, you have to define what you want your audience perception to be like.

The main highlight of the event was the presentation of an award plaque to Mrs Unyime King to honour the late Ubong King. The award was presented by Charles O’Tudor, Mr Ayilara and Mr Lanre.

At the event also, the Charles O’Tudor Foundation was unveiled.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Buhari Renews Appointment of Patience Oniha as DMO DG

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Patience Oniha

By Aduragbemi Omiyale

Ms Patience Oniha has been given an opportunity to remain in office as the Director-General of the Debt Management Office (DMO) for another term of five years.

The debt office chief, who has been in office for the past five years, was allowed to continue on the approval of the renewal of her appointment by President Muhammadu Buhari.

A statement signed by the Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, on Thursday night explained that the reappointment of Ms Oniha was purely based on her “significant achievements;” in the last five years.

The image-maker of Mr Buhari noted that the DMO DG, since she assumed office, has internally introduced reforms to strengthen the agency as a critical agency in the public finance ecosystem of the country.

It was stated that amongst her achievements are the “introduction of Sukuk and green bonds to finance the development of infrastructure where there is a huge gap.”

“Under her watch, as part of the initiatives to improve the sustainability of the public debt and opening up avenues for raising long-term funds for corporates, the DMO introduced long-term bonds with tenors of 30 years in the domestic and international markets,” the statement added.

“This is aside from attracting diverse investors including retail investors to the FGN bond market,” the presidency further disclosed.

The reappointment, which Mr Shehu said “takes effect from July 1, 2022, [is] in accordance with Section IV (9-i) of the Debt Management Office (Establishment ETC) Act, 2003.”

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TUC Gives Fayemi 21 Days to Pay Backlog of Salaries

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Ekiti State map

By Adedapo Adesanya

The Ekiti State chapter of the Trade Union Congress (TUC) has given the state governor, Mr Kayode Fayemi, a 21-day ultimatum to pay the backlog of salaries of workers.

The union reminded Mr Fayemi that during his electioneering campaign in 2018, he promised to clear the backlog and till now, he was yet to fulfil this promise. The tenure of the Governor is expected to expire on October 15, 2022.

According to the group, redeeming such a pledge would further reinforce workers’ trust in the administration of the All Progressives Congress (APC) in the state and smoothen the relationship with the incoming Governor, Mr Biodun Oyebanji.

In a statement signed by its State Chairman, Mr Sola Adigun, the union congratulated Mr Oyebanji on his victory in the recently concluded governorship poll, urging him to be magnanimous in victory by being inclusive in governance and forming a robust alliance with opposition to build Ekiti of his dream.

The union condemned in strong terms, the rate of kidnapping of citizens in the state, urging Mr Fayemi to devise means to curtail the nefarious act threatening peaceful coexistence and investment drives.

Sequel to the government’s inability to meet some pending workers’ demands, TUC issued the 21-day ultimatum to the Governor to pay all arrears of salaries, deductions and promotion, failing which industrial harmony could no longer be guaranteed.

“The TUC commends the government’s prompt payment of salary since the inception of this outgoing administration in October 2018 till date. However, the TUC reminded Governor Fayemi of his initial promise to offset all arrears payments before the expiration of the tenure.

“But we noted with dismay, the refusal of the government to remit the already deducted dues such as co-operative deductions, contributory pension, bank loans repayment, NHF fund, to the appropriate quarters.

“We equally frown seriously at the refusal of the Accountant-General of the State to continue with cooperative savings update of Ekiti workers, due to the alleged presence of some syndicate operating in her office.

“Most members of TUC have not benefited from the new minimum wage after almost two years of implementation in the state,” the group concluded.

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Chams Appoints Former UBA MD/CEO to Board

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chams

By Aduragbemi Omiyale

A former Managing Director/Chief Executive Officer of the United Bank for Africa (UBA) Plc in Tanzania, Mr Ayobola Abiola, has been appointed to the board of directors of Chams Plc.

Mr Abiola headed the Tanzanian operations of the leading financial institution for four years and was also and the General Manager/Divisional Director in charge of Corporate Banking at UBA. He was once the Senior Vice President and Head of West & Lagos Regions at First City Monument Bank (FCMB).

In a statement issued by the Legal Adviser of Chams, Ms Yetunde Emmanuel, it was disclosed that Mr Abiola will be on the board of the organisation as a non-executive director effective July 1, 2022.

The new board member is an economics, banking, finance and tax expert with over 25 years of cognate experience in investment, commercial and mortgage banking.

He is the founder and Chief Executive Officer Capstone Development (West Africa) Limited, a real estate investment and advisory firm. He was until recently the Executive Director, Business Development and Treasury Services at Federal Mortgage Bank of Nigeria (FMBN), a position he was appointed to by President Muhammadu Buhari.

Prior to joining FMBN, he was Vice Chairman and Chief Executive Officer of Fullhouse Advisory Partners, an Investment and financial advisory services firm which specializes in capital raising, project finance and investment advisory services.

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