Jobs/Appointments
First Holdco Non-Bank Subsidiaries Get New Board Members
By Adedapo Adesanya
First Holdco Plc, formerly FBN Holdings Plc, has announced new board appointments across its non-commercial banking subsidiaries as it commits to building stronger businesses across board.
The move, following regulatory approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM), is part of efforts to deepen governance, strengthen oversight and position the business for sustainable growth.
FBN Holdings Plc rebranded to First HoldCo Plc in February 2025 to reflect its broader financial services focus beyond just banking.
Its services includes commercial banking (First Bank of Nigeria), merchant banking, asset management (FBNQuest), insurance brokerage, and trusteeship. It operates across Africa and has global offices in London, Paris, and Beijing, serving individuals, small businesses, and corporations.
At First Asset Management Limited, Mrs Ebikabo Williams has been appointed chairman of the board, bringing her extensive industry knowledge spanning banking, capital markets, and consulting. She will be supported by equally experienced board members like Mr Usman Dantata Jr., Mrs Binta Max Gbinije, and Mrs Alero Mobola Adollo.
At FirstCap Limited, its investment management firm, Mrs Yewande Amusan has been appointed chairman. She is an accomplished finance professional with experience cutting across both public and private sectors. Mr Ahmed Indimi and Mrs Irene Akpofure were appointed along with Mrs Adenike Kuti and Mr Zeal Akaraiwe.
First Securities Brokers Limited, which recently emerged as the top performer in the Nigerian Exchange (NGX) Brokers Performance Report in terms of both trading volume and transaction value, has named Mr John Akpeki as chairman. He is expected to leverage his vast experience in global marketing and networking. He is joined by Mrs Omolara Adeyemi, ,Mrs Susan Younis and Mrs Kemi Andu-Alausa.
Similarly, First Trustees Limited, one of the Group’s long-standing subsidiaries in trust and estate management, has strengthened its governance structure with the appointment of Mr John Lee as its chairman. He has over 40 years’ experience in global financial services, specialising in Corporate & Institutional Banking and Wealth Management across Africa. The other members of the board who are bringing their combined rich wealth of experience are Mrs Abiola Alabi, Mrs Adebisi Sola-Adeyemi, and Mrs Ugochukwu Obi-Chukwu.
For its insurance business, First Insurance Brokers, the firm has appointed Mr Akinola Phillips as Chairman. He is joined by Mrs Ije Onejeme, Mrs Folukemi Akinmeji and Mrs Mojisola Cardozo.
First Holdco said these appointments are expected to further consolidate the firm’s position as a dominant player in the asset and wealth management space in Nigeria.
The chairman of First Holdco, Mr Femi Otedola, while commenting on the appointments, said, “We are delighted to welcome these distinguished professionals to the boards of our non-commercial banking subsidiaries. Their proven expertise, impeccable track records, and leadership will play a critical role in shaping the next phase of our growth, enhancing stakeholder value, and reinforcing our position as a trusted African leader delivering innovative solutions across diverse sectors.”
“These appointments reaffirm our commitment to building resilient businesses that contribute meaningfully to economic development in the broader ecosystem in which we operate,” he added.
By Modupe Gbadeyanka
Mr Abel Olumuyiwa Enitan has been appointed by President Bola Tinubu as the new Head of the Civil Service of the Federation, effective August 27, 2026.
A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Wednesday disclosed that Mr Enitan replaces Mrs Didi Esther Walson-Jack, who will retire soon from the Federal Civil Service upon attaining the statutory retirement age of 60.
Mr Tinubu thanked Mrs Walson-Jack for her distinguished service to the nation and for the reforms, impact and innovations witnessed in the civil service during her tenure.
He also wished her a fulfilling and successful life after service and conveyed the nation’s gratitude for her years of dedicated and impactful public service.
As for Mr Enitan, the President charged him to consolidate on the reforms and innovations already underway, deepen professionalism and efficiency across the service, and build a more effective and responsive civil service.
He further urged him to lead a civil service that is professional, merit-driven, accountable, innovative, and responsive to Nigerians’ needs and aspirations.
Mr Enitan, from Osun State, is the most senior Permanent Secretary in the Federal Civil Service. He has served as Permanent Secretary for seven years and seven months, working at the Ministry of Police Affairs, the Ministry of Humanitarian Affairs, and the Office of the Vice President. He is currently the Permanent Secretary in the Federal Ministry of Education.
He brings considerable institutional experience and a deep understanding of how the Federal Civil Service works to his new responsibility.
Mr Enitan was born on December 12, 1966. He had his secondary education at Ajibode Grammar School, Ibadan and the College of Arts and Science, Ile-Ife. He later attended the University of Lagos and graduated in 1988 with a BSc in Finance and Banking. In 2015, he obtained an MSc in Public Policy Analysis from Nasarawa State University, Keffi.
By Aduragbemi Omiyale
The board of FTN Cocoa Processors Plc has appointed Mr Wale Jubril as its interim chairman following the death of the former occupier of the position, Mr S.O. Oguntimehin, in March 2026.
The appointment of Mr Jubril was decided at the company’s board meeting held in July 2026, a statement from the organisation disclosed.
He will pilot the affairs of the organisation pending the appointment of a substantive chairman, a part of the notice submitted to the Nigerian Exchange (NGX) Limited stated.
The interim chairman of FTN Cocoa is a seasoned banker, chartered stockbroker and corporate executive with over three decades of professional experience spanning banking, capital markets, finance and corporate governance.
The Ijebu-Ode, Ogun State-born financial expert holds a Bachelor’s Degree in Industrial Relations from the University of Lagos, obtained in 1988, and three Master’s Degrees from the same institution in Marketing (1993), International Law and Diplomacy (1998), and Economics (1999).
He qualified as an Authorised Dealing Clerk of the Nigerian Stock Exchange in 1992 and became a chartered stockbroker in the same year. He subsequently built a career in banking and the capital market before joining Paints and Coatings Manufacturers Nigeria Plc in 2009 as Executive Director, Finance. In that capacity, he provided leadership in financial planning, project appraisal, pricing and negotiations, particularly in relation to major oil and gas projects and engagements involving Chevron, NLNG, Total and other industry participants.
Mr Jubril also contributed to the development of the company’s financial sustainability through strategic planning, policy development, departmental restructuring and financial management, and served on the company’s Planning and Policy-Making Committee of the Board.
In 2021, he joined Float Securities Limited, where he currently serves as the chief executive. He has also served as a non-executive director of FTN Cocoa since 2015.
In recognition of his extensive experience in the private and public sectors, he was appointed an independent non-executive director of Gateway Mortgage Bank, a mortgage bank wholly owned by the Ogun State Government, in November 2022.
By Aduragbemi Omiyale
Geregu Power Plc has sought the approval of the Nigerian Electricity Regulatory Commission (NERC) for the appointment of its acting chief executive, Mr Mohammed Sani Jaoji.
Mr Jaoji was selected by the board to lead the affairs of the organisation in an acting capacity with effect from Monday, August 17, 2026.
In a notice to the Nigerian Exchange (NGX) Limited, Geregu Power, which was recently in the news over a bond coupon payment default, noted that the appointment of an acting CEO followed the non-renewal of the term of the interim CEO, Mr Sean Manley, which ended on August 14, 2026.
The board expressed confidence that the appointment of Mr Jaoji will strengthen the governance structure and strategic direction of the company pending the appointment of a substantive CEO.
The board thanked Mr Manley for his service and contributions to the energy firm during his tenure and wished him success in his future endeavours.
Mr Jaoji holds a Bachelor of Engineering degree in Mechanical Engineering from Ahmadu Bello University, Zaria, and is a registered member of the Council for the Regulation of Engineering in Nigeria (COREN).
He brings over three decades of experience in the power sector, spanning technical and leadership roles at the National Electric Power Authority (NEPA) and Geregu Power Plc, where he served as Head, Maintenance Planning and Performance between 2007 and 2019. He subsequently served as Technical Assistant to the Minister of Power between 2019 and 2023, before returning to Geregu Power.
