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Ecobank Nigeria Appoints Female Board Chairman

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Ecobank Nigeria

By Aduragbemi Omiyale

A woman is now the Chairman of Ecobank Nigeria Limited and she is Mrs Bola Adesola, a banker with over three decades in the banking industry.

She is one of the three females appointed to the board of the lender, according to a statement issued to newsmen on Wednesday. The other non-executive directors selected to join the board are Mrs Titilayo Olujobi and Mrs Bimbola Wright.

Mrs Adesola is leading the board of Ecobank Nigeria following the expiration of the tenure of Mr John Aboh, who has transformed the financial institution since assuming office some years ago.

“I am honoured to be appointed as Chairman of the Board of Ecobank Nigeria. I am familiar with the brand and the proud history that is built on a strong foundation across the African continent and indeed globally,” Mrs Adesola said of her appointment.

Speaking further, she expressed a desire to work closely “with the other members of the board and executive team as we continue our journey to be top in the Nigerian market, by setting the standards in financial services for our customers.”

“I would also like to express my thanks to my predecessor, Mr John Aboh, a consummate and respected banker for a very successful tenure and wish him all the best for the future,” she further stated.

In his remarks, the Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, welcomed the new board leader and the two other appointees on behalf of “the entire staff and management of Ecobank Nigeria.”

“We will give them our full support in ensuring the actualization of the Bank’s strategic plans in Nigeria,” he assured, thanking “Mr John Aboh who recently retired from the board after successfully completing his tenure of office.”

According to him, while Mr Aboh was in charge, “the bank made remarkable progress in growing its market share and repositioning Ecobank Nigeria for leadership in the Nigerian financial services sector.”

The new directors, according to the statement, are expected to move the company higher with their “wealth of experience in the financial services industry, their professionalism and integrity, that has earned them international respect.”

Mrs Adesola has commendable leadership qualities and successfully driven expansion initiatives in several banks. She retired from Standard Chartered Bank as the Senior Vice-Chairman, Africa.

Prior to this role, she was the Managing Director/Chief Executive Officer for Standard Chartered Nigeria and West Africa for eight years with oversight over the bank’s West African subsidiaries, including Ghana, Cote D’Ivoire, The Gambia, Sierra Leone, and Cameroun.

Mrs Adesola was also the Chairperson of the Board of Standard Chartered Bank Mauritius and a Director at Standard Chartered, Ghana.

She had also served as an Executive Director, Corporate Banking and Executive Director Lagos Directorate at First Bank of Nigeria; Managing Director, Kakawa Discount House, Nigeria.

An alumnus of Harvard Business School and Lagos Business School, she also holds a Law degree from the University of Buckingham, UK and is an Associate of the Chartered Institute of Arbitrators, U.K and Nigeria amongst others.

On her part, Mrs Titilayo Olujobi is a well-rounded and experienced professional with nearly four decades of experience in Public Accounting, Banking, Training Facilitation, Business Consulting and Coaching.

She is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Certified Professional Coach of the International Coaching Federation (ICF).

Mrs Olujobi, who is currently Non-Executive Director of IBFCAlliance Limited, started her professional career at Z. O. Ososanya & Co and Coopers and Lybrand (now PriceWaterhouse Coopers) where she led audit assignments and consulted on tax issues.

She was at Nigeria International Bank Limited (now Citibank Nigeria Limited) as a Management Associate and rose through the ranks across multiple positions to become Vice President (Deputy General Manager).

She was Managing Director, IBFCAgusto Training Limited; Executive Director of IBFCAlliance Limited after the merger of IBFCAgusto and Alliance Consulting. She holds a B.Sc. Degree in Economics from the University of Ife (now Obafemi Awolowo University).

Mrs Bimbola Wright is a transformative and human-centred professional with 33 years of banking experience in top financial institutions, over 20 years of which was at senior leadership levels.

She is currently an Executive Director with Wright & Co Limited, a management consulting firm based in Lagos; Chairperson of the Board of Arami Essentials; member of the Institute of Directors, where she sits on the board of IoD Centre for Corporate Governance; and Fellow of the Nigeria Institute of Management.

Her career commenced with NAL Bank Plc (now part of Sterling Bank), from where she moved to Kakawa Discount House which was later acquired by FBN Holdings Plc to become FBNQuest Merchant Bank; she was an Executive Council member of Women in Management, Business and Public Services (WIMBIZ). Bimbola holds a B.Sc in Human Biology from Surrey University, an M.A. in International Relations from the University of Kent at Canterbury.

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

Jobs/Appointments

NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers

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NMDPRA fee regulations

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the viral report suggesting that it is currently employing new staff is the “handiwork of fake recruitment syndicates established to mastermind fraudulent activities.”

In a Monday statement posted on its official X handle, NMDPRA expressed that it was compelled to publish the disclaimer to alert the public against such activities due to what it described as “exploiting young economically vulnerable and unsuspecting Nigerians perhaps into parting with huge sums of money for purported employment opportunities into the authority.”

“They do this by issuing bogus “Letters of Employment” and empty promises, as well as offering non-existent positions. These may well be the handiwork of fake recruitment syndicates established to mastermind these fraudulent activities.

“We wish to use this opportunity to state categorically that the NMDPRA is NOT conducting any recruitment exercise currently. Neither is the Agency undertaking any kind of employment in its services at any level. For the avoidance of doubt, any future recruitment exercise would be undertaken in accordance with extant rules guiding such exercises in the Nigerian Public Service,” the organisation emphasised.

The agency further advised the public to disregard these fake employment advertisements and urged them to visit its official website and social media pages to verify any recruitment claims.

The statement added, “In this regard therefore, we would like to advise the public and all Nigerians to ignore these spurious claims by unscrupulous people whose only objective is to defraud Nigerians and cast aspersion on the authority.

“We further advise that for current and up to date information regarding all our activities, kindly refer to our official corporate website: www.nmdpra.gov.ng as well as all our verified online social media outlets (i.e. Facebook, Linkedln and Instagram) for authentic information.”

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Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director

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Nnoli Akpedeye

By Adedapo Adesanya

Aradel Holdings Plc has appointed Ms Nnoli Akpedeye as an Independent Non-Executive Director, effective February 2, 2026, following a resolution passed at the company’s board meeting held on January 28, 2026.

In a notice to shareholders, Nigerian Exchange (NGX) Limited, and the investing public, the company disclosed that the appointment is subject to ratification by shareholders at its next Annual General Meeting (AGM). The board also authorised the Company Secretary, Mrs Titiola Omisore, to notify relevant regulators and take all necessary steps to give effect to the decision.

Ms Akpedeye brings more than 36 years of multi-disciplinary experience spanning oil and gas, engineering, legal and arbitration services, and management consulting. Her career reflects a strong blend of technical expertise and strategic leadership, with competencies in management and strategy, business process engineering, organisational development and change management, as well as entrepreneurship development.

Until 2014, she served as Technical Planning Manager for Shell Exploration and Production Companies in Nigeria, where she led the execution of high-impact, mission-critical projects. Over the course of her career at Shell, she held roles across civil engineering design, planning and construction, project management, facility management, technical audit, and business planning and strategy, gaining extensive local and international exposure.

Beyond her corporate career, Ms Akpedeye is an entrepreneur and advocate for capacity building in engineering and energy. She runs Contego Servo Limited and Perfectus Laundi Limited, and in 2013, she launched the “Introduce a Girl to Engineering” programme aimed at encouraging secondary school girls in Nigeria to pursue careers in engineering and related STEM fields.

She is a Council for the Regulation of Engineering in Nigeria (COREN)-registered engineer, a Fellow of the Nigerian Society of Engineers (FNSE), and a past President of the Association of Professional Women Engineers of Nigeria (APWEN). She is also a founding member of the Women in Energy Network (WIEN) and serves as a passionate ambassador for science, technology, engineering and mathematics education.

In addition, Ms Akpedeye is the Chief Operating Officer (COO) of Compos Mentis Legal Practitioners and the Chairman of the Board of Trustees of the Compos Mentis Foundation.

Her appointment further strengthens Aradel Holdings’ board with deep industry knowledge, governance experience, and a strong track record in leadership and institutional development, as the company continues to pursue its strategic objectives within Nigeria’s energy landscape.

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Geregu Power Chooses Sean Manley as Interim CEO

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Geregu Power

By Aduragbemi Omiyale

An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.

A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.

In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to “add significant value to the company.”

Mr Manley is said to be “a seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.”

He is armed with more than 30 years’ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.

Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.

He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.

His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.

The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.

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