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Ernest Ndukwe Takes Over as MTN Nigeria Chairman

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By Dipo Olowookere

Former Chief Executive Officer of the Nigerian Communications Commission (NCC), Mr Ernest Ndukwe, has been announced as the Chairman-designate of MTN Nigeria Plc from September 2, 2019.

Mr Ndukwe served as head of the telecommunications industry regulator from February 2000 to March 2010.

Business Post reports that on October 20, 2015, the NCC imposed a fine of N1.04 trillion on MTN for infraction of the provision of the NCC Telephone Subscribers Registration Regulations 2011; for failure to disconnect 5.2 million improperly-registered Subscriber Identification Modules (SIM) lines within the prescribed deadline, because these lines had economic activities on them without proper registration.

The firm had discussions with the regulator and ways of paying the fine were worked on. The firm completed the payment of the last tranche of the fine, N55 billion, in May 2019, the month it listed its shares on the Nigerian Stock Exchange (NSE) by introduction.

Yesterday, the company announced that it has appointed the former NCC chief to head its board after the retirement of former head of the defunct Diamond Bank Plc, Mr Pascal Dozie.

Also, MTN Nigeria announced the appointment of some personalities to its board as non-executive directors.

First on the list is Mr Michael Onochie Ajukwu, who will serve as an Independent Non-Executive Director. He has over 21 years of experience in the banking industry with specialty in the Energy and Multinational sectors. He has extensive business experience in Africa and particularly in Nigeria.

In 2002, Mr Ajukwu disengaged from United Bank for Africa PLC as Executive Director, Corporate Banking and later served as a Director of Keystone Bank Limited.

He has extensive Board experience and serves as Chairman of Altech West Africa Limited, Munca Properties Limited and Mobax Nigeria Ltd.

Mr Ajukwu has been an Independent Director of Sterling Bank Plc since June 2018 and of Tiger Brands Limited since March 31, 2015. He also sits as a Non-Executive Director on the boards of Int-afact Beverages Ltd, a subsidiary of SABMiller in Nigeria and Novotel, a member of Accor Hotels group.

Mr Ajukwu holds a B.Sc. in Finance from the University of Lagos and an MBA in Accounting and Finance from New York University.

Another person appointed by MTN Nigeria is Mr Muhammad Ahmad as an Independent Non-Executive Director. Mr Ahmad is a seasoned public sector executive with over 35 years of experience traversing the financial services industry and the public sector. He actively advocates and supports institution building based on the highest corporate governance and ethical standards and has served on various boards and committees, including banks and not for profit organizations.

He was a pioneer staff of the Nigeria Deposit Insurance Company (NDIC) where he rose to become a Director. He later served as the pioneer Director-General and Chief Executive Officer of the National Pension Commission (PENCOM).

Mr Ahmad worked at the Central Bank of Liberia as the Advisor and Technical Director on Bank Supervision under an International Monetary Fund (IMF) Programme. He coordinated the development of the Federal Government strategy document for the rebuilding of the North East that led to the constitution of the Presidential Committee on the North-East Initiative (PCNI).

Mr Ahmad served as Chairman, Technical Committee on the Nigerian Code of Corporate Governance 2018 and currently chairs the boards of Polaris Bank (former Skye Bank); Taj Bank, Credent Capital Advisory and FATE Foundation. He serves on the Interim Board of International Energy Assurance Plc.

He is the founder of Jewel Development Foundation, a graduate assistance programme; and Certium Consulting, a strategic advisory and business applications company. Mr Ahmad holds a BSc. in Accounting from Ahmadu Bello University and a Masters Diploma in Innovation & Strategy, University of Oxford. He is an Associate, Toronto Center for Global Leadership in Financial Supervision, Canada.

Also appointed is Mr Andrew Alli as a Non-Executive Director. Mr Andrew Alli qualified as a Chartered Accountant with Coopers & Lybrand (PricewaterhouseCoopers) in the United Kingdom.

He worked for over a decade at the International Finance Corporation (IFC) in different positions including Country Manager for Southern Africa and Nigeria. During that period, he represented the IFC on the board of MTN Nigeria Communications Limited. He was subsequenHy appointed CEO of the nascent Africa Finance Corporation, which he built into a robust DFI focusing on African infrastructure, natural resources and heavy industry sectors. During his tenure as CEO, AFC made cumulative investments of over $4 billion in 30 African countries and achieved the second -highest credit rating for an African lending institution.

In December 2018, Mr Alli was appointed CEO of SouthBridge, a PanAfrican financial services firm focused on Investment Banking and Sovereign advisory, as well as on serving African and global corporates. He served as Non-Executive Director on the boards of ARM Cement Limited (October 2012 – March 24, 2017 and Guaranty Trust Bank Plc (June 2008 – June 30, 2016). He currently serves as an Independent Non-Executive Director, Development Bank of Nigeria. He is a Member of the Advisory Board, Lagos Business School (LBS). He holds a BEng in Electronics and Electrical Engineering from King’s College, University of London, and an MBA from INSEAD, France.

Another appointee is Mrs Omobola Johnson as a Non-Executive Director. Mrs Johnson served as Nigeria’s Minister of Communication and Technology from 2011 to 2015. She pioneered the Federal Government’s involvement in a venture capital fund and a network of start-up incubators and participated in the launching and execution of the National Broadband Plan.

Prior to her Ministerial appointment, she was country Managing Director for Accenture. She currently chairs the board of Custodian and Allied Insurance Limited and sits on the boards of Guinness Nigeria Plc as well as World Wide Web Foundation.

Mrs Johnson is the founding Chairperson of Women in Management and Business (WIMBIZ). She is a member of the World Economic Forum’s Global Agenda Council on Africa; UNDP’s Broadband Commission Working Croup on Gender and the International Telecommunication Union’s Powering Development Advisory Board. Since 2015, she has served as Honorary Chairperson of the Global Alliance for Affordable Internet.

Mrs Johnson attended the University of Manchester where she obtained BEng, Electrical and Electronic Engineering and King’s College London (MSc, Digital Electronics). She has a Doctorate in Business Administration (DBA) from Cranfield University and is a Fellow of the Aspen Global Leadership Network (AGLN).

On the board too is Mr A.B. Mahmoud (SAN), who will serve as a Non-Executive Director. The respected legal practitioner is the Managing Partner and one of the founding partners of the law firm of Dikko & Mahmoud. He was elevated to the rank of Senior Advocate of Nigeria in 2001 and is a Life Bencher of the Body of Benchers.

He was once Kano Stare Attorney General and Commissioner for Justice and Attorney General and was in the public service from 1979 to 1993 during which time he held various positions including Director Litigation, Public Prosecution and Solicitor-General at the Ministry of Justice, Kano.

Mr Mahmoud is the immediate past President of the Nigerian Bar Association (NBA), a Member of the International Chamber of Commerce (ICC), London Court of International Arbitration (LCIA) and was accepted into the Energy Arbitrators List (EAL) in 2013. He is a Council Member of the Nigerian Stock Exchange.

He chaired the Committee that drafted the Securities and Exchange Commission Code of Corporate Governance for Public Companies 2011. Mr Mahmoud sits on the boards of various companies and charities including Stanbic 1BTC Pension Managers and Aliko Dangote Foundation.

He holds LLB and LLM (Company and Labour Law) from Ahmadu Bello University. In addition, he attended the Summer Institute in Corporate Law and Business, Northwestern University School of Law. He also obtained a Certificate in Techniques of Privatization, Harvard Institute of International Development as well as Certificate in Law and Development, International Development Law Institute.

Joining the board too is Mrs IFueko Okauru as a Non-Executive Director. Mrs Okauru is a Chartered Accountant, Chartered Tax Practitioner and Management Consultant. She served as Executive Chairman of the Federal Inland Revenue Service (FIRS) and as the Chairman, Joint Tax Board between 2004 and 2012. She also served as a Member and Coordinator, Sub-Commiftee on Capacity Building; United Nations Committee of Experts on International Cooperation in Tax Maters (August 2008 – July 2012).

She is the Founder and Director, ReSt-raL Limited (Leadership and Management Consultants) as well as Managing Partner of Compliance Professionals Plc. Mrs Okauru serves as an Independent Non-Executive Director on the boards of Nigerian Breweries Plc and SEPLAT Petroleum Dev. Company Limited. She is also the Chief Program Officer, Dagomo Foundation Nigeria Ltd/Gte.

Mrs Okauru is currently engaged as an associate with the Harvard University Faculty of Arts and Science (FAS) undertaking research in Leadership, Social Enterprise, Culture and the Nigerian Nation. She is a graduate of the University of Lagos, Imperial College, London and Harvard Kennedy School.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Jobs/Appointments

Tinubu Appoints Aliyu as New PTDF Scribe, Renews Abdulaziz as TCN MD

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Tinubu's Portrait

By Adedapo Adesanya

President Bola Tinubu has approved the appointment of Mr Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).

Mr Aliyu, a professor, is to replace Mr Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State.

In a statement by a spokesperson to the President, Mr Bayo Onanuga, on Thursday, it was disclosed that the appointment of Mr Sule Ahmed Abdulaziz as the chief executive of the Transmission Company of Nigeria (TCN) has been renewed for a second and final term.

These appointments are said to take effect immediately.

Professor Aliyu, the new PTDF helmsman, is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capacity development for Nigeria’s energy industry.

“The President expects him to leverage his wealth of experience to reposition the PTDF for greater impact in human capital development, innovation, and strategic support for the oil and gas sector in line with national priorities.

“President Tinubu renewed Engineer Abdulaziz’s appointment following a comprehensive assessment of his performance and leadership of the nation’s transmission network.

“Under his stewardship, TCN has recorded notable improvements in grid stability, transmission capacity expansion, and system modernisation, reinforcing its critical role in Nigeria’s electricity value chain.

“Engr. Abdulaziz brings over three decades of experience in the power sector and has also strengthened regional electricity integration through his leadership in the West African Power Pool (WAPP).

“President Tinubu urges both appointees to discharge their responsibilities with diligence, integrity, and a strong sense of national service,” the statement said.

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NNPC Grows Workforce by 12% to 6,247 in Q4 2025

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NNPC Crude Cargoes pricing

By Adedapo Adesanya

The Nigerian National Petroleum Company (NNPC) Limited saw its workforce rise by 12.2 per cent to 6,247 at the end of 2025 from 5,566 in the corresponding period of 2024, according to its latest employee data.

The state oil firm stated that its employees increased by 14.3 per cent from 5,495  recorded at the end of the first quarter of 2025 to 6,280 at the end of the second quarter of 2025.

Its staff strength, however, dropped by 0.11 per cent to 6,273 workers in the third quarter of 2025 and further shrank by 0.41 per cent to 6,247 in the last quarter of the year under review.

Giving a breakdown of its workforce in terms of gender, the NNPC disclosed that at the end of the fourth quarter, 5,044 employees, representing 80.7 per cent of its workforce, were males, while 1,203 employees, representing 19.3 per cent of its total workforce, were females.

Further breakdown revealed that Junior Staff 2 (JS 2) and Junior Staff 1 (JS1) cadres had one staff member and 175 staff members, respectively, at the end of the fourth quarter of 2025, as against one staff and 187 staff members, respectively, recorded in the third quarter of 2025.

In addition, the Senior Staff Seven (SS7) cadre had 31 employees, remaining the same as in the previous quarter, while the SS6 cadre dropped to 1,010 staff, from 1,012 staff recorded at the end of the third quarter of 2025.

The SS5, SS4, SS3, SS2 and SS1 staff cadre recorded 1,076 staff, 164 staff, 389 staff, 471 staff and 1,829 staff, respectively, in the quarter under review, compared with 1,076 staff, 164 staff, 391 staff, 478 staff and 1,835 staff, respectively, recorded in the third quarter of 2025.

Management Six (M6) cadre had 695 staff in the second quarter of 2025, compared with 699 staff in the same category in the previous quarter, while M5, M4, M3, M2 and M1 cadres had 237 staff, 117 staff, 47 staff, seven staff and one staff respectively, compared with 243 staff, 116 staff, 44 staff, seven staff and one staff in the corresponding cadres in the third quarter of 2025.

Further analysis of the NNPC workforce across different cadres showed that JS2 and JS1 accounted for 0.02 per cent and 2.75 per cent of its total workforce, respectively, while SS7, SS6, SS5, SS4, SS3, SS2 and SS1 cadres accounted for 0.50 per cent, 16.17 per cent, 17.22 per cent, 2.63 per cent, 6.23 per cent, 7.54 per cent and 29.28 per cent of the state oil company’s total workforce, respectively.

In addition, NNPC’s M6, M5, M4, M3, M2 and M1 cadres accounted for 11.13 per cent, 3.79 per cent, 1.87 per cent, 0.75 per cent, 0.11 per cent and 0.02 per cent, respectively.

In general, the NNPC Limited noted that it had 173 employees in its junior staff category; 4,970 employees in its senior staff category, and 1,104 employees in its management category.

It also reported that in its middle management cadre, it has 932 employees, accounting for 14.92 per cent of its total workforce, while the top management cadre had 172 employees, accounting for 2.75 per cent of its total workforce.

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Tinubu Names Ibrahim Ida Chairman of Corporate Affairs Commission

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corporate affairs commission cac

By Adedapo Adesanya

President Bola Tinubu has appointed Mr Ibrahim Ida as Chairman of the Corporate Affairs Commission (CAC).

Mr Ida holds an MSc in Banking and Finance from the University of Ibadan (1983) and an LLB from the University of Abuja (2003). Before being elected to the Senate in 2017 to represent Katsina Central, he served as the Commissioner of Finance for Katsina State and as the Permanent Secretary of the Federal Civil Service.

His appointment comes as the CAC faces legislative scrutiny over its books. The commission is part of a group of agencies that the House of Representatives Public Accounts Committee (PAC) recommended zero allocation for the year 2026, for allegedly failing to account for public funds appropriated to them.

The committee, at an investigative hearing held in February, accused CAC and some other ministries, departments and agencies (MDAs) of shunning invitations to respond to audit queries contained in the Auditor-General for the Federation’s annual reports for 2020, 2021 and 2022.

It asked the National Assembly not to continue to appropriate public funds to institutions that disregard accountability mechanisms.

President Tinubu also nominated seven people to fill vacant commissioner positions at the National Population Commission (NPC) as Federal Commissioners to represent their respective states in the National Population Commission. The nominees are;

1. Kolawole Oladipupo Alabi – Ekiti State

2. Nasiru Mu’azu – Zamfara State

3. Usman Abubakar Tuggar – Bauchi State

4. Dr Isaka Alada Yahaya – Kwara State

5. Prof. Sadiq Isah Radda – Katsina State

6. Suleiman Umar – Jigawa State

7. Hon. Chiso Abdullahi Dattijo – Sokoto State

The appointments, which complement other Federal Commissioners already sworn in, are subject to confirmation by the National Assembly.

The President also appointed Mr Yusuf Mohammed of Kano State as Chairman of the Federal Polytechnic, Kaltungo, and confirmed the appointment of Mr Bala Mohammed Bello as his Special Adviser on Political Economy.

Mr Bello, from Kebbi State, holds a Bachelor’s Degree in Accounting and an MBA from Ahmadu Bello University, Zaria. Before this appointment, he was a Deputy Governor at the Central Bank of Nigeria (CBN). He also served as Executive Director (Corporate Services) at the Nigerian Export-Import Bank (NEXIM) from 2017 to 2022.

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