Jobs/Appointments
Ecobank Promotes Employees for Better Efficiency
By Aduragbemi Omiyale
To realign its workforce for better efficiency in line with best practices, Ecobank Nigeria has promoted 682 staff effective May 1, 2021,
The elevated employees represent 26 per cent of its core staff and the action was purely to reward their efforts and commitment to the growth of the business.
This development is coming despite the impact of the COVID-19 pandemic and all the attendant impact on business performance globally.
The Managing Director of Ecobank Nigeria, Mr Patrick Akinwuntan, in a statement issued by the banking institution, disclosed that workers remain the greatest asset of the company.
“It is commendable that the board and management of Ecobank Nigeria exceptionally approved the promotion exercise at this time,” he was quoted as saying.
He explained that, “The promoted staff were selected through Ecobank Group’s standardized performance management system; an in-house developed performance management system which uses both financial and non-financial metrics to appraise staff.”
“As we progress on the journey to becoming the bank of choice in Nigeria, the empowerment and growth of our people remain a critical cornerstone for achieving the desired market leadership, the Ecobank brand promise, and a respectable return to our shareholders.
“We are re-building our bank and our people continue to be the most valuable contributors to our present and future success.
“While these individuals have been recognized at this time, it by no means belittles the contributions of other colleagues who have also done well. The promotion is a continuous exercise and all hard-working employees will eventually be promoted,” Mr Akinwuntan added.
“Let us continue to grow the bank and delight our customers to enable us to achieve our desired target of becoming the preferred bank in Nigeria and contribute positively to the growth of the Ecobank Group and Africa,” the MD urged the members of staff.
“As a bank, we remain committed to prioritizing the development and career growth of our people and ensuring commensurate recognition continues to apply to all other deserving staff,” he assured.
Meanwhile, Ecobank has announced the recruitment of the first batch of 60 new entry-level trainees into its workforce as part of its growth agenda.
The new employees will be absorbed into the firm’s training programme at the state-of-the-art Ecobank Academy in Lagos.
This being part of the bank’s deliberate policy to train and equip its workforce in line with its transformation drive to make the bank the most preferred financial institution in the country.
The rigorous training of new staff is targeted at preparing the graduates to better serve its customers in a convenient and accessible manner.
Ecobank Nigeria is a subsidiary of the Ecobank Group, the leading pan-African banking group with operations in 33 African countries and an international presence in four locations (London, Paris, Beijing and Dubai).
By Adedapo Adesanya
Energia Limited has announced the appointment of Mr Oladimeji Bashorun as its chief executive to lead its next phase of growth following the exit of Mr Chidi Egonu.
Mr Bashorun, who previously served as the company’s Chief Operating Officer (COO), steps into the role after years of providing strategic and operational leadership within the organisation.
During his tenure as COO, he was at the helm of the company’s operations, driving operational efficiency and supporting the company’s long-term growth strategy.
A seasoned oil and gas professional with over two decades of industry experience, Mr Bashorun held several technical and leadership roles at Shell Petroleum Development Company and later at Sahara Upstream before joining Energia.
In these positions, he contributed to operational leadership, asset management, and initiatives focused on improving operational stability and performance, according to a statement by the company.
Commenting on the appointment, Mr George Osahon, Chairman of the Energia board, said: “Oladimeji Bashorun has demonstrated exceptional leadership and deep industry expertise during his time as Chief Operating Officer.
“His commitment to operational excellence and strategic growth has been instrumental to Energia’s progress.
“The board is confident that under his leadership as the Chief Executive Officer, the Company will continue to strengthen its position as a key player in the industry, while delivering sustained value to its stakeholders.”
Speaking on his new role, Mr Bashorun said, “I am honoured to assume the role of Chief Executive Officer of Energia. Working closely with a talented team that drives the company’s success, I look forward to building on our achievements and advancing Energia’s commitment to operational excellence, responsible energy development, and value creation for our stakeholders.”
Under his leadership, Energia said it will continue to focus on strengthening operational performance, expanding strategic opportunities, and contributing to Nigeria’s energy security, while maintaining its commitment to environmental stewardship and community development.
By Aduragbemi Omiyale
Sunu Assurances Plc has appointed Mr Olayinka Adaramola to its board as an executive director.
The appointee will be in charge of Technical Operations, a statement signed by the company secretary, Taiwo Kuku, disclosed.
Mr Adaramola is an astute insurance professional with over two decades of experience in underwriting, claims and strategic operations, combining technical expertise with academic excellence.
He obtained his Higher National Diploma (HND) in Insurance from Lagos State Polytechnic, Isolo, in 1996 and MBA in Marketing from Ladoke Akintola University of Technology, Ogbomosho, in 2009.
He began his professional career in September 1998 in the General Accident Department of Leadway Assurance Company Limited, where he honed his skills in underwriting different classes of insurance business and survey inspections.
Prior to joining the board of SUNU Assurances Nigeria in February 2026, he served as the Executive Director, Technical Operations of Capital Express Indemnity Insurance Limited.
He has attended various courses within Nigeria and the United Kingdom. He is an Associate Member of the Chartered Insurance Institute of Nigeria (CIIN).
In a related development, Sunu Assurances has announced the resignation of Mrs Olajumoke Bakare from its board with effect from April 1, 2026.
Mrs Bakare served as an independent non-executive director on the board after receiving regulatory approval for her appointment on April 7, 2022.
During her tenure, she served diligently on various board committees and contributed meaningfully to the board’s deliberations.
In accepting her resignation, the board expressed its profound appreciation for Mrs Bakare’s distinguished service, noting her thoughtful contributions, sound judgment, and principled approach to matters before the board.
It further acknowledged that her input significantly influenced both its decisions and overall effectiveness, reinforcing a culture of strong governance rooted not only in technical competence but also in integrity, trust, and composure.
By Aduragbemi Omiyale
The chairman of Creditville Limited, Mr Michael Uwakwe, has been appointed to the board of Chams Holding Company Plc as a non-executive director.
His appointment, according to a statement from the organisation, was effective Wednesday, April 1, 2026.
The board expressed confidence in his dynamic leadership, saying it will foster collaboration, inspire teams, and deliver transformative results for stakeholders.
Mr Uwakwe, who retired from TotalEnergies after 30 years of active service, chairs Creditville Limited, a financial services company involved in consumer lending, equipment leasing, capital market operations and real estate.
He is a Human Resources professional by qualification, training and experience with a deep interest in analysing financial markets around the globe. He is also well-versed in all aspects of investment analysis, asset allocation, and risk management and is a PENCOM-approved member of the Investment Strategy Committee of the Total Closed Pension Fund.
Mr Uwakwe sits on the board of Redwood Asset Management Company Limited, a SEC-approved Fund & Portfolio Manager.
He is a Fellow of the National Institute of Credit Administration of Nigeria, a member of the Chartered Institute of Personnel & Development (UK), a member of the British Psychological Society (London), and an Associate Member of the Nigeria Institute of Management.
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