Jobs/Appointments
Dele Alake Re-elected as Chairman of Africa Minerals Strategy Group
By Adedapo Adesanya
Nigeria’s Minister of Solid Minerals Development, Mr Dele Alake, has been re-elected as the Chairman of Africa Minerals Strategy Group (AMSG).
Mr Alake was first unanimously elected as the pioneer Chairman of AMSG in 2024 on the sidelines of Future Minerals Forum (FMF).
He was re-elected at the 2026 Annual General Meeting (AGM) of the group, held on the sidelines of the same conference in Riyadh, Saudi Arabia.
The continental ministerial forum of African ministers is responsible for minerals and mining, committed to coordinated action aimed at maximising value addition and beneficiation from Africa’s vast mineral resources.
A statement issued on Sunday in Abuja by the Special Assistant on Media to the Minister of Solid Minerals Development, Mr Segun Tomori, noted that the move is part of efforts to strengthen its institutional framework.
AMSG approved the creation of additional leadership positions, including Vice Chairman, Deputy Secretary-General, and Financial Secretary.
The forum further resolved that those positions be equitably distributed across Africa’s sub-regions to promote inclusion and regional balance.
While the positions of Chairman and Vice Chairman are elective and reserved for serving ministers, other positions are appointed by member states to which they are zoned.
Under the new leadership structure, Mr Alake continued as Chairman of the 24-member forum, representing West Africa.
The Minister of Mines of the Democratic Republic of Congo (DRC), Mr Louis Watum Kabamba, was elected Vice Chairman, representing Central Africa.
The position of Secretary-General remained with Uganda (East Africa), Mauritania was appointed Deputy Secretary-General (North Africa), while South Africa was assigned the position of Financial Secretary.
The AGM also ratified a two-year tenure for the newly elected executive committee and agreed that zoned positions belong to member countries, such that where a serving minister is replaced, the successor automatically assumes the role.
In his acceptance speech, Alake expressed gratitude to his colleagues for the renewed confidence reposed in him, stressing the urgent need for African nations to work collaboratively to unlock the continent’s economic potential through solid minerals development.
He called on member states to agree on minimum financial contributions and to refine the group’s budgeting framework to strengthen its operational effectiveness.
“Once member states contribute, accountability will naturally follow. This will enhance transparency and strengthen the credibility of the AMSG before the global community,” Mr Alake stated.
The AGM further resolved to hold quarterly ministerial meetings and ratified the establishment of standing committees, including those for Legal, Institutional Affairs and Human Resources; Sustainability and Responsible Mining; Finance, Budget and Resource Mobilisation, among others.
It was also agreed that steps be taken towards hosting a global minerals conference in Africa, similar to FMF.
Speaking earlier at a Leadership Roundtable, Mr Alake emphasised that mineral production alone could not deliver lasting economic transformation without reliable infrastructure, coordinated policies, and deliberate value-addition strategies.
Mr Alake cited the Lobito Corridor as a model of what was achievable when rail, ports, energy systems, and policy alignment worked in synergy. He stated that similar opportunities existed across the continent, including the Lagos–Abidjan Corridor linking Nigeria, Benin, Togo, Ghana, and Côte d’Ivoire; Walvis Bay Corridor connecting Southern Africa’s mining regions to global markets; Dar es Salaam and Central Corridors serving East and Central Africa, among others.
“The real question is not whether Africa has corridors, but whether these corridors are being financed, governed and structured to support industrial growth, regional integration and long-term stability.
“What matters is how financing is designed to reduce risk, attract private capital, and sustain commercial viability while advancing national and regional development objectives,” he said.
Mr Alake emphasised that unlocking capital required addressing issues, such as bankable and enforceable offtake arrangements; predictable and harmonised cross-border regulatory frameworks; alignment of rail, port, power, and industrial planning; and clear pathways for processing, smelting, logistics services, and industrial clusters along the corridors.
He added that the broader vision of AMSG was to ensure that Africa’s mineral infrastructure was strategically designed, responsibly financed, and efficiently managed in a rapidly evolving global environment, not to discourage investment, but to ensure it aligned with long-term stability, transparency, and shared economic prosperity.
Jobs/Appointments
UNIZIK Appoints Nicholas Okoye Visiting Senior Lecturer, to Strengthen Digital Assets Education
Nnamdi Azikiwe University (UNIZIK) has appointed veteran investment banker and capital markets expert, Nicholas “Nicky” Okoye, as a Visiting Senior Lecturer in a move aimed at strengthening its capital markets and digital assets curriculum amid the growing global adoption of virtual assets and blockchain-based finance.
The appointment, which takes immediate effect, is expected to deepen the university’s capacity to train enterprise executives, entrepreneurs and policymakers in emerging areas such as cryptocurrencies, stablecoins, Central Bank Digital Currencies (CBDCs), tokenisation of real-world assets and other digital financial innovations.
UNIZIK, which hosts one of Africa’s few dedicated Capital Markets faculties, said the appointment aligns with its strategy of equipping students and professionals with the knowledge and practical skills required to navigate the rapidly evolving financial ecosystem.
The university, in its statement, described the appointment as a significant milestone for the institution.
“Securing someone of Nicky Okoye’s calibre is a game-changer. As global finance evolves, we must equip enterprise executives, entrepreneurs and policymakers with the technical knowledge required to build long-term capital formation strategies. His real-world experience is invaluable.”
Okoye brings decades of experience across global and Nigerian financial institutions. His career includes serving as a Financial Consultant at Merrill Lynch in the United States, Chief Strategy Officer at the Nigerian Exchange Group, and Founding Group Executive Director of Operations and Strategy at Transcorp Group Plc, where he led fundraising initiatives that collectively exceeded $1 billion.
He currently leads the Global Investment Advisory Community (GIAC), a coalition of local and international banks, asset managers and fintech firms working to develop a digital assets ecosystem across Africa and the Caribbean.
Beyond the private sector, Okoye has contributed to public policy, providing advisory support to the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on capital market regulatory frameworks.
Stakeholders in the financial services sector have welcomed the appointment, expressing optimism that his academic engagement would help build capacity among investors and professionals as Nigeria expands its digital finance ecosystem.
Okoye also holds an honorary Doctor of Business Administration from Enugu State University of Technology, awarded in recognition of his contributions to enterprise development and business excellence.
He previously served on the Presidential Jobs Board and the National Council of Small and Medium Scale Enterprises, where he provided strategic advice on economic development. Between 2014 and 2018, he advised the Nigeria Content Development and Monitoring Board (NCDMB) on Project Triple E, an initiative designed to strengthen indigenous participation in the upstream oil and gas value chain by integrating community-based contractors.
The appointment comes as Nigeria intensifies efforts to establish a robust regulatory framework for digital assets. The Federal Government recently inaugurated a National Virtual Assets Council to coordinate the oversight and regulation of virtual and digital assets in the country.
The council is chaired by the Central Bank of Nigeria, with support from the Securities and Exchange Commission and the Nigeria Revenue Service, as part of broader efforts to promote innovation while ensuring investor protection and financial system stability.
By Modupe Gbadeyanka
The former Governor of Ekiti State, Mr Ayodele Fayose, has been appointed by President Bola Tinubu as the chairman of the Rural Electrification Agency (REA), with immediate effect.
A statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Monday night said Mr Tinubu also made 25 other new appointments into 10 federal government agencies and commissions.
Also appointed was Major General Junaid Bindawa as chairman of the National Salary and Wages Commission.
On the board of REA are Mr Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta as members and non-executive directors. The incumbent DG of the agency, Abba Abubakar Aliyu, and three executive directors previously appointed make up the remaining board members.
President Tinubu made eight other appointments to the Wages Commission, along with Mr Bindawa. Former member of the House of Representatives from Lagos, Olajumoke Okoya-Thomas, is the new secretary of the commission. Dr Ogbole Ene Lilian, Oladele Olatubosun, and Yakubu Umar Barde, representing Benue, Oyo and Kaduna, were appointed as commissioners.
Dr Mai Adamu Yau, from Borno, Ginika Florence Tor (Enugu), Engineer Lawrence Okoh (Edo) and Bello Morenike Iyabode (Kogi) were appointed as members of the commission.
Tosin Johnson Adeyanju, who was previously appointed as the Executive Secretary of the National Lottery Trust Fund (NLTF), has now been moved to the Revenue Mobilisation and Fiscal Commission as Secretary.
Mr Tinubu also appointed Dr Abuh Mohammed as the DG of the National Population Commission, Dr Akinola Odeyemi as Managing Director of the Nigerian Bulk Electricity Trading (NBET), and Dr Anthony Inalegwu Godwin as chairman/CEO of the Nigeria Atomic Energy Commission. Engineer Julius Oloro, a former council chairman, is the new CEO of the Kwara-based National Centre for Agricultural Mechanisation (NCAM), replacing Dr A.R. Kamal, who died last January.
The President constituted the board of the Fiscal Responsibility Commission, with Dr Abdullahi Maikano Saidu as chairman. Members include Mohammed Asmau, Mohammed Aliyu Makama, Dr Suleiman Gidado, Louis O. Ndukwe, Amaechi Ugwele and Olaniyi Idowu Onikola.
Shuni Muhammad Dahiru is the new executive secretary of the National Commission for Mass Literacy, Adult and Non-Formal Education, replacing Professor Shu’aibu Shehu Aliyu, who was reassigned to the Petroleum Trust Development Fund (PTDF) in April.
To replace Mathias Byuan, the former executive director, finance of the Federal Housing Authority, who resigned to contest the governorship election in Benue, President Tinubu named Gisaor Vincent Iorja. The new occupier of the position is an economist, legal scholar, and academic currently serving as the secretary of the Benue State Independent Electoral Commission (BSIEC).
By Aduragbemi Omiyale
In line with the 12-year tenure prescribed for non-executive directors of banks by the Central Bank of Nigeria (CBN), Mr Tony Elumelu will on August 21, 2026, cease to be chairman of United Bank for Africa (UBA) Plc.
The board of the financial institution at its meeting on July 6, 2026, has elected Mr Emmanuel Nnorom as the new chairman.
In a notice to the Nigerian Exchange (NGX) Limited, the lender said Mr Elumelu’s successor, a non-executive director of the company, will assume the new role on August 21, 2026.
Mr Nnorom is a chartered accountant with over 40 years of experience in banking, finance and audit. He brings to the role extensive leadership experience and deep institutional knowledge of UBA.
“I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit.
“I look forward to working with my colleagues on the board, management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders,” Mr Nnorom stated.
Commenting on his retirement, Mr Elumelu said, “Serving United Bank for Africa has been one of the great privileges of my career.
“UBA has a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future.
“Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”
The board thanked him for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.
