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Chukwuma Nwokocha Becomes Stanbic IBTC Holdings CEO

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Chukwuma Nwokocha

By Aduragbemi Omiyale

Stanbic IBTC Holdings Plc now has a substantive chief executive and he is Mr Chukwuma (Chuma) Nwokocha.

The appointment of Mr Nwokocha followed the receipt of all required regulatory approvals, a statement from the financial services provider disclosed.

He assumed office today, Thursday, October 2, 2025, following the completion of Mr Adekunle Adedeji’s tenure as acting chief executive of the organisation, during which time the board undertook a formal appointment process in accordance with regulatory requirements.

Mr Adedeji will continue in his role as Executive Director/Chief Finance and Value Management Officer of the company.

The board, which put forward Mr Nwokocha’s name to the regulators, expressed confidence in his leadership, saying it will be instrumental in driving the growth strategy of Stanbic IBTC Group into the future.

This is because the appointee is a seasoned banking executive and chartered accountant with over three decades of leadership experience across Africa. He has held several Chief Executive and Board-level roles in leading financial institutions including Chief Executive, Standard Bank, SA; (the Mozambican subsidiary of the Standard Bank Group), driving strategic growth, governance, and operational excellence. His expertise spans retail and corporate banking, as well as mergers and acquisitions.

The chairman of Stanbic IBTC Holdings, Mrs Sola David-Borha, expressed the board’s delight at Mr Nwokocha’s appointment, highlighting his strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagement.

She also extended the board’s deep appreciation to Mr Adedeji for his exemplary leadership and dedication; and for steering the affairs of the company and group during the transition period.

“It is worthy of mention that under Mr Adedeji’s leadership, the group recorded its best financial performance since inception.

“The group also successfully completed its rights issue programme which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalization requirements ahead of the March 31, 2026, deadline,” she stated.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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Tinubu Chooses Famadewa as Special Adviser on Homeland Security

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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.

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FCMB Fortifies Board With Appointment of LSETF Chair Adepeju Adebajo

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Adepeju Adebajo

By Aduragbemi Omiyale

In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.

A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).

She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.

Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).

In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).

Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.

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Oyo Nigeria Union of Teachers Elects Hassan Ajibola Fatai as Chairman

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Fatai Oyo NUT chairman

By Aduragbemi Omiyale

The Oyo State chapter of the Nigeria Union of Teachers (NUT) has elected Mr Hassan Ajibola Fatai as its new chairman, replacing the outgoing Mr Raji Oladimeji Ismael.

He was chosen to lead affairs of the association in the next four years at the NUT Oyo State wing’s 8th quadrennial Delegates Conference in Ibadan, the state capital, on Wednesday.

Mr Fatai, a teacher at Migrant Farmers Primary School, Igbo-Iroko Kishi, vowed to safeguard the integrity, dignity, and professionalism of the teaching profession in the state, also promising to work with all members and stakeholders to reposition the union to better serve the welfare of its members.

Other newly elected executive members included Adeleke Adesina as deputy chairman, Alonge Oluyemisi as 1st vice chairman, Morakinyo Oyebola as 2nd vice chairman, Badmus Abiona as 3rd vice chairman, Bello Folasade as 4th vice chairman, Titilolu Ibukunolu as treasurer, Dada Kabirat as 1st internal auditor, Akinjide Yusuf as 2nd auditor and Ajala Niyi as publicity secretary.

Also, Alao Femi was elected as social secretary, Areo Felicia as assistant social secretary, Mobolaji Ademola as state national representative and James Ruth as Editor.

Speaking at the conference, the National President of NUT, Mr Titus Audu Amba, who was represented by the National Social Secretary, Ms Titi Ade Adebanjo, stated that the union was founded on democratic principles and the philosophy of labour unions.

According to him, in line with this, the union at the national, state and local levels conducts elections to usher in new executives at the end of every stipulated tenure.

He reiterated the group’s commitment to continue pursuing better welfare and improved conditions for teaching and learning in Nigeria.

On his part, Mr Ismael outlined major achievements recorded between 2022 and 2026, highlighting significant improvements in teachers’ welfare, professional development, and infrastructural expansion.

According to him, the union secured prompt salary payments, promotion arrears, annual increments, and interventions on pension-related matters, while also resolving cases of victimisation, wrongful postings, salary stoppage, and other disputes through its Legal and Welfare Committees.

“Persistent advocacy led to the recruitment of additional teachers and non-teaching staff, which eased workloads, improved teacher–pupil ratios, and enhanced learning outcomes across schools. It also facilitated long-delayed promotions, conducted trainings for SWEC members, and organised capacity-building programmes and mentorship sessions for young teachers,” he added.

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