Jobs/Appointments
DBN Reorganises Board to Achieve Core Mandate
By Modupe Gbadeyanka
In order to achieve its core mandate of providing sustainable financing to Micro, Small, and Medium Enterprises (MSMEs) across the country, the Development Bank of Nigeria (DBN) has reorganised its board.
The nation’s primary wholesale development finance institution has added two experts to its board and they are Mrs Ijeoma Ozulumba and Mr Kyari Abba Kyari, who will serve as executive director and independent non-executive director respectively.
Chairman of the board, Mr Shehu Yahaya, explained that the appointments of the duo would further strengthen DBN’s vision, maintaining that the bank would continually uphold the highest standards of corporate governance, which have kept the Bank on a steady trajectory of progress.
“We are thrilled to have Ijeoma and Kyari join the Board and we look forward to them applying their knowledge, experience, and expertise in helping to deliver DBN’s core mandate as Nigeria’s primary wholesale development finance institution, providing sustainable financing to MSMEs across the nation,” Mr Yahaya, stated.
Also, the Managing Director of the DBN, Mr Tony Okpanachi, stated that “I am particularly excited by the depth and quality that both appointees are bringing to the Board and ultimately, the institution.
“Together, they bring a combined reservoir of knowledge and expertise in the financial services sector that will add immense value to the Bank and significantly contribute to the Bank’s development impact,” he added.
Mrs Ozulumba once served as Financial Controller at Continental Trust Bank Ltd (now part of UBA Plc) and MBC International Bank Ltd (now part of First Bank).
She was Chief Financial Officer at FinBank Plc and Basel Risk Consultant and Finance Manager at Bank of Montreal and Scotia Bank, both in Toronto, Canada.
Mrs Ozulumba also managed corporate budgeting and management reporting for Seplat Petroleum Development Company Plc, the largest independent E&P company in Nigeria.
A graduate of the University of Benin, Nigeria, and an alumnus of the Lagos Business School, Mrs Ozulumba is a fellow of the Institute of Chartered Accountants of Nigeria and a Certified Professional Accountant of Canada. She holds an MBA in International Business from Royal Holloway, University of London, and is a Project Management Professional. She was until her appointment the Chief Financial Officer at the Development Bank of Nigeria.
Mr Kyari, on his part, is the Managing Director/Co-Founder of Trans Sahara Investment Corporation, a Private Equity firm based in Lagos, Nigeria.
He had an outstanding career in Engineering and Technology serving as the former Managing Director/CEO at Central Securities Clearing System Plc, Lagos and ValuCard Nigeria (Unified Payments Ltd), Lagos, respectively. He has also served as an Executive Director in charge of Information Technology at FSB International Bank Plc.
Before joining FSB International Bank Plc, he served in various roles as Manufacturing Development Engineer, Marketing Program Manager, Senior IT Consultant, and as Manager in various sectors of the Hewlett Packard Corporation in the United States of America.
Mr Kyari Bukar was the former Chairman of the Board of Directors of the Nigerian Economic Summit Group (NESG) and currently serves on several other Boards.
He holds a bachelor’s degree in Physics from Ahmadu Bello University Zaria, Nigeria, and a master’s degree in Nuclear Engineering from Oregon State University, Corvallis, Oregon, USA.
By Aduragbemi Omiyale
The chief operating officer of Chemical and Allied Products (CAP) Plc, Mr Jethro Iruobe, has been appointed as an executive director.
A statement from the organisation disclosed that the appointment is effective June 25, 2026.
In his new role, Mr Iruobe will participate in the formulation and execution of the company’s strategic priorities, provide executive leadership across critical functions, and contribute to its continued growth, sustainability and success.
The new board member joined the firm in 2019 as Head of Human Resources before growing to become the COO, with responsibility for Human Resources, Corporate Communications, Administration, Fleet and Commercial Excellence.
He has over 19 years of experience across a range of industries, including financial services, consulting, FMCG and manufacturing, having begun his career in banking before kicking off his HR career at KPMG and going on to hold senior roles at Promasidor Nigeria, Coca-Cola HBC and TGI Nigeria.
Throughout his career, he has supported organisations in building high-performing teams and driving sustainable business growth.
Beyond his corporate responsibilities, he is a columnist with Business Day Newspaper, a trained relationship counsellor and co-author, and a recipient of awards in both the human resources profession and other platforms.
Mr Iruobe holds a Bachelor’s degree in Mathematics and Economics from the University of Benin and a Master of Business Administration (MBA) from the Manchester Business School, United Kingdom. He is a certified Project Management Professional (PMP) and also holds the Global Professional in Human Resources (GPHR) certification awarded by the Human Resource Certification Institute.
By Aduragbemi Omiyale
Mr Malolan Sampath has been appointed as the new chief executive of Champion Breweries Plc, effective September 1, 2026.
The appointment of a new chief executive was approved by the board of the brewery giant following the resignation of Mr Inalegwu Adoga.
To ensure continuity during the transition pending Mr Sampath’s assumption of office, the board has appointed Mr Rasheed Ademola Adebiyi, Executive Director of Finance, to take charge of the affairs of the organisation.
In a statement, the board said it remains committed to the highest standards of corporate governance and to delivering a seamless leadership transition and sustainable value to shareholders and other stakeholders.
The new Sheriff in town, expected to take over next quarter, was described as an accomplished executive with over 26 years of international leadership experience across the beverage, FMCG, manufacturing and agro-industrial sectors, having built and led businesses up to $500 million in scale.
His beverage and brewing experience includes serving as Managing Director of Unique Beverages in Angola and as Sales & Marketing Director for a PepsiCo bottling franchise, in addition to earlier brewing-sector experience.
Most recently, he held the dual role of Managing Director (NPK Joint Venture) and Chief Marketing Officer at Indorama Eleme Fertilisers in Nigeria and previously served as Chief Executive Officer of Global Industries Limited, a Wilmar International joint venture in Zambia.
He holds a Postgraduate Diploma in Management (MBA) from the Symbiosis Centre for Management & HRD, Pune, and a Bachelor of Business Administration from the University of Chennai.
The board expressed confidence that his expertise in manufacturing excellence, commercial execution and business transformation will support the company’s strategic objectives and long-term growth.
By Aduragbemi Omiyale
Erudite legal practitioner, Mr Muiz Banire (SAN), has been appointed to the board of a construction giant, Julius Berger Nigeria Plc.
He joins the board of the organisation as a non-executive director, with effect from July 1, 2026, alongside Mrs Chinazo Okoye, who is an alternate director to Dr Ernest N. Azudialu-Obiejesi.
A statement from the company secretary, Ms Cecilia Ekanem Madueke, said Mrs Okoye is a graduate of the University of Michigan, Ann Arbor, Michigan, USA, and holds a Bachelor of Science in Mechanical Engineering, Master of Engineering Degree in Mechanical Engineering from the Cornell University, Ithaca, New York, USA, and a Master of Science Degree in Professional Accountancy from the University of London, London, UK.
She is a Chartered Certified Accountant (ACCA) of the Association of Chartered Certified Accountants. She has worked in various positions in various companies and is currently the Managing Director of Amaranta Trading Limited.
As for Mr Banire, he is a graduate of the University of Lagos and holds a Master of Laws Degree as well as a Doctor of Philosophy Degree from the same university.
He was called to the Nigerian Bar in 1989. He also holds a Master Certificate in the Arbitration Master Course from the Lagos Court of Arbitration Training Institute. He was admitted to the Inner Bar and conferred with the rank of Senior Advocate of Nigeria (SAN). He is a Member of the International Bar Association, the Institute of Chartered Secretaries and Administrators, an Associate Member of the Chartered Institute of Arbitrators, a Fellow of the Institute of Transport Administration of Nigeria, and the Nigerian Institute of Management. He is registered with the Law Society of England.
He had served in various capacities in the Legal profession, academic community and publicly. He was conferred with the National Honour of the Officer of the Order of the Niger (OON).
He is the Founder and Principal Partner, M. A. Banire & Associates, Member of the Board of Trustees, Fountain University, Osogbo, Osun State, and Pro-Chancellor of the University of Uyo, Akwa Ibom State.
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