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Former Ecobank Chairman Emmanuel Ikazoboh to Chair Dangote Cement as Dangote Retires

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Emmanuel Ikazoboh

By Aduragbemi Omiyale

A former chairman of Ecobank Transnational Incorporated, Mr Emmanuel Ikazoboh, has been appointed as the new chairman of Dangote Cement Plc.

His appointment followed the retirement of Mr Aliko Dangote from the board and position to give room to fresh ideas and innovation to move the company forward.

The new occupier of the seat started his professional career at Akintola Williams Deloitte, and first became the Managing Partner for francophone offices in Cameroon and Côte d’Ivoire and later became the Managing Partner of the Deloitte firm in West and Central Africa until 2009.

In 2010 he was appointed by the Securities and Exchange Commission (SEC) as an Interim Administrator to carry out capital market reforms of the Nigerian Exchange (NGX) Limited, then known as the Nigerian Stock Exchange (NSE), and the Central Securities Clearing System Plc. (CSCS).

In his new role, Mr Ikazoboh intends to optimise costs through the implementation of robust cost-reduction strategies to navigate inflationary pressures and enhance competitiveness.

The company, he stated, will accelerate efforts to adopt alternative fuels and technologies, reducing reliance on fossil fuels and contributing to a more sustainable future.

Regarding staff welfare, he promised that the cement giant would continue to invest in training and development, fostering a culture of excellence and empowering employees to reach their full potential.

“My vision for Dangote Cement Plc is built upon a foundation of sustainable growth, operational efficiency, and unwavering commitment to our core values.

“We will continue to focus on the following key priorities, Operational Excellence, Strategic Expansion, Sustainability, Innovation and Community Engagement,” he said in his acceptance speech.

Mr Ikazoboh described the company as a beacon of African enterprise, which has consistently demonstrated resilience, innovation, and a commitment to excellence.

Over the years, Dangote Cement Plc has not only become the continent’s leading cement producer but has also played a vital role in driving economic growth and development across numerous African nations.

Mr Dangote, who effectively retired as Dangote Cement chairman on Friday, July 25, 2025, established the firm with a bold dream: to make Nigeria and Africa self-sufficient in cement production.

Through strategic investments in state-of-the-art plants, and a commitment to local content, he not only met that goal but exceeded it and today, it has 52.0Mta capacity across African continent with Nigeria accounting for 35.25Mta.

Currently, additional greenfield plants are coming up in Cote Ivoire (3.0Mta) and Itori, Nigeria (6.0 Mta) and on completion this year will push total capacity to 61.0Mta.

Mr Dangote is retiring from the board to focus more attention on the refinery, petrochemicals, fertiliser and government relations to drive the company’s five-year business trajectory to a superlative height.

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Jobs/Appointments

NIMASA Gets New Maritime Guard Commander

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Maritime Guard Commander

By Modupe Gbadeyanka

A new Commander of the Maritime Guard Command has been appointed for the Nigerian Maritime Administration and Safety Agency (NIMASA), and he is Commodore Reginald Odeodi Adoki.

His appointment was approved by the Chief of the Naval Staff, Vice Admiral Idi Abbas, a statement from NIMASA confirmed.

He was chosen to replace Commodore H.C Oriekeze, who has been redeployed by naval authorities.

Commodore Adoki, a principal Warfare Officer specialising in communication and intelligence, brings 25 years of experience in the Nigerian Navy covering training, staff and operations.

As a seaman, he has commanded NNS Andoni, NNS Kyanwa and NNS Kada. It was under his command that NNS Kada undertook her maiden voyage, sailing from the country of build (the United Arab Emirates) into Nigeria.

He was commissioned into the Nigerian Navy in 2000 with a BSc in Mathematics. He has since earned a Master’s in International Law and Diplomacy from the University of Lagos and an MSc in Terrorism, Security and Policing atthe  University of Leicester, England.

He is currently pursuing a PhD in Defence and Security Studies at the National Defence Academy (NDA). He is a highly decorated officer with several medals for distinguished service.

Welcoming the new MGC Commander to the agency, the Director General of NIMASA, Mr Dayo Mobereola, expressed confidence in Mr Adoki’s addition to the team, emphasising that it will further strengthen the nation’s maritime security architecture given his vast experience in the industry.

The Maritime Guard Command domiciled in NIMASA was established as part of the resolutions of the Memorandum of Understanding (MoU) with the Nigerian Navy to assist NIMASA in strengthening operational efficiency in Nigeria’s territorial waters, especially through enforcement of security, safety and other maritime regulations.

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Japaul Picks Henry Alakhume as Acting GMD

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Japaul

By Aduragbemi Omiyale

Mr Henry Alakhume has been appointed as the group managing director of Japaul Gold and Ventures Plc, a statement issued on Thursday disclosed.

In the notice signed by the company secretary, Chidimma Okolo, it was stated that the appointment of Mr Alakhume is effective today, February 12, 2026.

He is to fill the vacant position left by Mr Akinloye Daniel Oladapo, who resigned with effect from October 13, 2025, with no reason given for his decision to exit the post.

In the disclosure, it was said that Mr Alakhume would remain in office until a substantive GMD is announced by the organisation.

However, the board expressed confidence in the ability of the acting GMD to steer the ship of the company “during this transition period.”

He was described as an experienced executive director of the firm, who will “ensure continuity in leadership and support the company’s strategic objectives.”

“The board of Japaul Gold and Ventures Plc wishes to inform the Nigerian Exchange (NGX) Limited, its esteemed shareholders, and the general public of the appointment of Mr Henry Alakhume as the acting group managing director of the company.

“Mr Alakhume’s appointment takes effect from February 12, 2026, and he will serve in this capacity pending the appointment of a substantive group managing director.

“Mr Alakhume is an experienced executive of the company and has demonstrated strong leadership and operational expertise in his role as Chief Operating Officer.

“The board is confident that his appointment will ensure continuity in leadership and support the company’s strategic objectives during this transition period,” the statement said.

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VFD Group Appoints Martins Akpore to Oversee Finance, Risk Management

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VFD-Group

By Adedapo Adesanya

Nigerian proprietary investment company, VFD Group Plc, has announced the appointment of Mr Martins Akpore as Group Head for Centralised Critical Functions (CCF).

In a statement issued on Wednesday, the company disclosed that Mr Akpore would oversee the group’s centralised functions, including Finance, Audit, Risk Management, Credit and Treasury, with immediate effect.

The appointment is expected to bolster VFD Group’s financial governance and strengthen coordination across its subsidiaries as the company advances its expansion and operational efficiency drive.

“We are pleased to announce the appointment of Martins Akpore as Group Head, Centralised Critical Functions at VFD Group Plc. In this expanded strategic role, Martins will lead and oversee the Group’s centralised functions spanning Finance, Audit, Risk Management, Credit, and Treasury, effective immediately.

“Martins brings to this role a strong professional foundation and deep expertise across core financial disciplines, underpinned by his credentials as a Chartered Accountant, Chartered Tax Professional, and Certified Treasury specialist, as well as globally recognised certifications in financial modelling and valuation. He currently serves as Group Head, Treasury, where he has played a key role in strengthening the Group’s financial and capital management capabilities across the ecosystem,” it said.

“In his new capacity, Martins will be responsible for driving cohesive strategy, governance, and execution across the Centralised Critical Functions, ensuring robust risk oversight, disciplined financial operations, and alignment with the Group’s strategic priorities. He will work closely with subsidiary leadership teams to enhance institutional standards, strengthen accountability, and support cross-ecosystem decision making on critical matters,” it added.

Speaking on the appointment, the Group Managing Director, Mr Nonso Okpala, emphasised the importance of collaboration and execution discipline in delivering the firm’s Vision 2026 ambitions. In line with this, Managing Directors and senior leaders across all subsidiaries are encouraged to partner closely with Mr Akpore to ensure alignment, responsiveness, and shared ownership in achieving the organisation’s objectives.

Formerly trading on the NASD Over-the-Counter (OTC) Securities Exchange, VFD Group made an exit in October 2023 and listed on the Nigerian Exchange (NGX) Limited to strengthen its market position, boost visibility, and create more avenues to source cheap funds for expansion and growth.

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