Jobs/Appointments
Egbin Power Rewards Employees at 2023 Best Performance Dinner
By Modupe Gbadeyanka
Some employees of Egbin Power Plc have been rewarded with cash prizes, and others at the 2023 Best Performance Dinner, which was held recently.
The star of the night was Benson Akindileni of the Maintenance Planning Department, who emerged as the Best Performing Staff and won a GS4 compact SUV. He was closely followed by Abdullahi Shuaibu of the Mechanical Department smiled home with N5 million, and Omatseye Dasilva of the Procurement Department, who got N3 million for contributing to the growth of the company.
Egbin Power is the largest power generating station in Nigeria and is in the habit of recognising the input of its workers in the development of the business.
“We are proud of our employees, and it is our tradition to reward outstanding performance. Their hard work and dedication have helped our company achieve success and this is a show of our appreciation for their efforts.
“The employees being celebrated here have put together an impressive performance, and they have been able to deliver at an optimal level within the organisation; that is why we are celebrating them as a model to challenge and motivate others,” one of the directors of the energy firm, Mr Kola Adesina, said at the event, which also had Endurance Otaru emerging as the Best Performing Female staff, going home with N5 million.
Further, the Instrumentation & Control (I&C) team was announced as the Best Performing Team and was rewarded with N20 million, while winners in other categories bagged prizes worth between N500,000 and N1 million in recognition of their contributions.
Speaking further, Mr Adesina expressed optimism that the operations of Egbin Power Plc would get better because the initiative would further inspire the workforce as the management will continue to invest in its human capital development to create a pipeline for the kind of leadership needed for future growth and development of the industry.
He pledged that the company would continue to use this platform to drive human capital development further, sustainability and inspire outstanding performance among staff.
On his part, the chief executive of Egbin Power Plc, Mr Mokhtar Bounour, noted that the occasion was part of the company’s tradition to empower and support the employees in driving high performance and celebrating their excellence which yields results for the business.
“The rewards are part of Egbin’s ongoing commitment to creating a positive and supportive work environment that recognizes and rewards employee contributions.
“By recognising their performance for the outstanding results achieved, we further inspire them to greater heights and encourage them to keep working safely,” he said.
He explained that Egbin Power, part of Sahara Power Group, constantly strategizes to drive innovation and promote human capital development and sustainability to improve operations and deliver positive results for the power sector.
“This occasion is about empowering and celebrating our people and the results achieved while also developing human capital and driving sustainable business. We expect these rewards will further boost the motivation of our employees and improve their morale greatly.
“Recognizing and rewarding employees is essential to maintaining a strong, motivated workforce. We want our employees to know that their efforts are valued and appreciated and that we are committed to supporting their growth and development within the organization,” he explained.
A director and representative of the Bureau of Public Enterprise (BPE) on the board of Egbin Power, Mr Abdulazzez Mafindi, commended the organisation’s management for transforming the facility from what it used to be over the years before the takeover.
He urged the management to sustain the transformation and continue to drive performance in the sector by motivating the workforce and recognizing the role the staff play in the growth of the organization.
With an installed capacity of 1,320MW, Egbin is Africa’s largest privately-run thermal plant. The significance of an empowered and collaborative workforce portends great tidings for Egbin as the organisation prepares for its Phase II expansion plan.
By Adedapo Adesanya
President Bola Tinubu has appointed Mr Shamseldeen Babatunde Ogunjimi as the Acting Accountant General of the Federation (AGF).
This was contained in a statement on Tuesday by presidential spokesman, Mr Bayo Onanuga.
“His appointment is effective immediately following the pre-retirement leave of the incumbent AGF, Mrs Oluwatoyin Sakirat Madein,” a part of the statement read.
“In announcing Madein’s successor, President Tinubu ensures a seamless transition in the administration of Nigeria’s treasury and consolidates the implementation of the present administration’s treasury policy reforms,” the statement added.
Mr Onanuga said Mr Ogunjimi brings over 30 years of extensive experience in financial management across the public and private sectors.
He described the appointee as a career civil servant and the most senior director in the Office of the Accountant General of the Federation (OAGF),
“He has held significant positions, including Director of Funds at the OAGF and Director of Finance and Accounts at the Ministry of Foreign Affairs.
“A chartered accountant, certified fraud examiner, chartered stockbroker, and chartered security and investment specialist, Mr Ogunjimi’s academic qualifications include a Bachelor of Science (BSc) in Accountancy and a Master’s in Finance and Accounting,” the statement added.
According to Mr Onanuga, President Tinubu expressed his confidence in his appointment, saying, “The Office of the Accountant General of the Federation is pivotal to our nation’s treasury management operations. Mr Ogunjimi’s wealth of experience and notable competence will ensure the continued effectiveness of this vital institution as we advance our economic reform agenda.”
President Tinubu also commended the outgoing Accountant General of the Federation, Mrs Madein, for her dedication and selfless service to the nation.
After reaching the civil service’s statutory retirement age, Mrs Madein is retiring effective March 7, 2025.
By Adedapo Adesanya
The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirement as part of efforts by Governor Yemi Cardoso to restructure the workforce of the organisation.
In a statement released on Wednesday, the Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, clarified that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
According to the statement, the decision to implement the exercise was the outcome of extensive consultations with the bank’s Joint Consultative Council (JCC), a body representing staff interests.
Mrs Sidi Ali explained that the EEP, a longstanding policy previously accorded to the executive cadre, has now been made available to eligible staff at all levels.
“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she said in the statement.
Addressing concerns about potential repercussions for staff who decline the package, Mrs Sidi Ali reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded.
She further emphasized that the initiative is an internal corporate matter designed to promote career development for staff.
According to wide spread reports, there have been plans to retire approximately 1,000 employees by the end of the year with a payoff estimated to cost over N50 billion.
The mass retirement, which was announced in a circular issued three weeks ago, mandates affected employees to apply for the Early Exit Package (EEP).
The statement allegedly warned employees with less than one year of service or unconfirmed appointments to refrain from applying for the program, noting that the application would remain open until December 7, with an effective exit date of December 31, 2024.
It was reported that the entire EEP was valued at N50 billion.
By Modupe Gbadeyanka
The Central Bank of Nigeria (CBN) has approved the appointment of Mr Benson Ogundeji as the chief executive of Greenwich Merchant Bank Limited.
The board of the financial institution for businesses had picked Mr Ogundeji as its substantive CEO but awaited the authorisation of the banking sector regulator.
He brings over three decades of extensive banking experience to this role as a seasoned financial services professional, who previously served as Executive Director at Greenwich Merchant Bank from July 2020, where he played a pivotal role in the bank’s successful transition from the legacy Greenwich Trust Limited to a merchant bank.
In this capacity, he provided oversight for Corporate Banking, Treasury and Global Markets.
Throughout his career, Mr Ogundeji has demonstrated exceptional expertise in business development and operational excellence.
Before joining the firm, he held various senior leadership roles at prominent financial institutions, including Ecobank Nigeria, GTBank, and other notable banks, where he consistently displayed exceptional leadership skills.
His appointment comes at a crucial time as Greenwich Merchant Bank commences the next phase of its growth plans. Having related closely with the new CEO, as an Executive Director and acting CEO in the last four years, the board has expressed confidence about his ability to lead the bank in delivering our strategic goals.
“The board is pleased to announce the appointment of Benson Ogundeji as our Managing Director/Chief Executive Officer,” the chairman of Greenwich Merchant Bank, Mr Kayode Falowo, stated.
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