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Ikeja Electric Promotes 299 Employees, Employs 500

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By Dipo Olowookere

The management of Nigeria’s leading electricity distribution company, Ikeja Electric Plc, has announced the promotion of 299 employees across various job grades in the business, while employing over 500 new staff in the last one year.

This is in line with the firm’s commitment to reward productivity and also bolster efficiency within the organization.

A statement released by the electricity company explained that the promotions cut across both junior and senior staff cadres in various departments of the company’s Head Office and its six Business Units.

A breakdown of the list showed in the senior cadre, 13 employees were promoted to the role of Senior Managers, while seven others got promoted as Managers and another 15 employees ascended the career ladder to become Assistant Managers.

In addition, 121 employees moved up to become Supervisors while one person rose to Grade Level 1 Officer

Business Post gathered that in the junior cadres, 38 Technicians were elevated to Junior Grade Level 4, another 86 persons across Technical, Commercial, Security, Internal Audit and HR & Admin Departments were promoted to Junior Grade Level 3 while 17 employees were elevated to Junior Grade Level 2.

Speaking on the significance of the promotion exercise, the Chief Human Resources & Administration Officer, Ibiene Okeleke, explained that Ikeja Electric places a high premium on human capital development as a vital component of driving its commitment to providing the best possible service to customers within its network, while noting that the company has employed over 500 new staff between August 2017 and now.

“At Ikeja Electric, we constantly recognize and motivate employees who are committed to delivering finest performance on the job, so this promotion exercise is part of the systems that we have put in place to motivate performance among our employees.

“It also attests to the fact that we value productivity and encourage career advancement for every employee across various departments,” she said.

She further noted that “it is also important to state that while some other sectors are experiencing huge job losses, we have employed over 500 new workers in our bid to create a more efficient workforce with the aim to ensure excellent service delivery.

“We strive to deliver the best and we are not relenting to do more, that is why we also emerged as one of the best 100 places to work in Nigeria, as indicated by the recent ranking released by Jobberman.”

According to Okeleke, other recognition and reward programs have been instituted to reward exceptional performances.

One of them is the ‘Double R’ Awards, an internal initiative which was launched early this year, is designed to reward outstanding achievements made by employees on the field. The firm, through various initiatives, also encourages creativity and work-life among its staff.

With a dedicated workforce numbering close to 3,000, Ikeja Electric occupies a key position for its privileged coverage of many industrial centres, providing services for customers spread across Alimosho, Ikorodu, Ikeja, Epe, Oshodi, Agege, Shomolu and Kosofe Local Government Areas.  Parts of Yaba and Mushin are also included.

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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Lagos Assembly Names Four New Principal Officers After Obasa Ouster

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lagos assembly land use charge

By Adedapo Adesanya

The Lagos State House of Assembly on Friday named four new principal officers, following the impeachment of the former Speaker, Mr Mudashiru Obasa, on Monday.

Mr Obasa, who was ousted as Speaker in absentia, a position he has held for the last nine years, was replaced by Mrs Mojisola Meranda (APC-Apapa 1).

Mr Obasa was impeached on Monday over alleged gross misconduct by 32 out of the 40 members.

The Clerk of the House, Mr Lekan Onafeko, was also suspended over alleged gross financial impropriety.

The House also dissolved all the standing committees inaugurated by the former speaker.

On Friday, Mrs Meranda, while presiding over plenary as Speaker, said the appointment of new officers arose from the change in the leadership of the House.

“The House has named Mr Temitope Adewale (APC-Ifako-Ijaiye 1) as the new Majority Leader, while Mr Adedamola Kasunmu (APC- Ikeja 1) is the new Deputy Majority Leader.

“This House has also named the Chief Whip, Mr Setonjo David (APC-Badagry 2), while the Deputy Chief Whip is now Mr Babatunde Saani (APC-Kosofe 2),” she said.

Before Mr Obasa’s impeachment, Mr Mojeed Adams was the Majority Leader, while Adedamola Kasunmu was the Deputy Leader.

Mr Mojeed Adams, the new Deputy Speaker, was the former Chief Whip, while Mr Setonji David was the Deputy Chief Whip.

Business Post reports that three lawmakers, primarily Mr Obasa, Mr Adams and Mr Akinsanya, were absent at the first plenary presided over by the new leadership.

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CBN Okays Inclusion of Three Directors to Fidelity Bank Board

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Fidelity Bank Saturday banking

By Aduragbemi Omiyale

Fidelity Bank Plc has received the authorisation of the Central Bank of Nigeria (CBN) to appoint three directors to its board, a statement from the lender has disclosed.

Business Post reports that the bank picked Mr Abdullahi Sarki Mohammed as an independent non-executive director, Ms Obiaku Augusta Okam as a non-executive director, and Mr Sufiyanu Ibrahim Garba as an executive director, all effective January 14, 2025.

The company disclosed that the three directors were chosen to strengthen its leadership in a strategic move to sustain its impressive performance, as Mr Isa Mohammed Inuwa and Mr Chidi Agbapu retired from the board as an independent non-executive director and a non-executive director, respectively.

The chairman of Fidelity Bank, Mr Mustafa Chike-Obi, in a notice to the Nigerian Exchange (NGX) Limited, welcomed the appointees to the board and looked “forward to leveraging their extensive experience to drive the bank’s strategic objectives and further its growth trajectory.”

Mr Mohammed brings over 36 years of experience in financial services, public administration, and human resources development, having held key leadership and executive roles at prestigious institutions including First Bank of Nigeria Plc and Polaris Bank Limited. His extensive expertise encompasses banking, public service, and business advisory.

On her part, Ms Okam boasts more than 30 years of impressive experience across the banking, financial services, real estate, and retail sectors. Currently the Managing Director/CEO of Skycurve Nigeria Limited, she has held leadership positions at Zenith Bank Plc and Nigeria International Bank Limited (Citibank).

As for Mr Garba, he has over 30 years of multifunctional and cross-border experience at leading financial institutions in Nigeria and the United Kingdom including executive and leadership roles at prestigious financial and non-financial institutions such as Access Bank Plc, Union Bank of Nigeria Plc and Keystone Bank Limited. His career background spans banking, financial services, public service, general management and business origination across a broad range of segments.

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Institute Names Olam Agri as Top Employer in Nigeria, Switzerland, Eight Others

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Olam Agri food commodities

By Modupe Gbadeyanka

A leading player in the agribusiness sector, Olam Agri, has been recognised as a Top Employer in Nigeria, Switzerland and eight other countries.

This recognition was from the Top Employers Institute, which is a global authority that recognises excellence in people’s practices.

It is the fifth straight year the company is named as a Top Employer in the African continent, highlighting its status as a global employer of choice.

“At Olam Agri, we foster a purpose-driven workplace where employees thrive. We empower our team to create meaningful contributions to our company, customers, communities, and the environment.

“Guided by our entrepreneurial spirit, we encourage ownership, innovation, and excellence. We embrace diversity and create an inclusive environment where everyone feels valued, respected, and empowered to succeed,” the Chief Human Resources Officer at Olam Agri, Sriram Subramanian, stated.

The other eight nations Olam Agri was recognised as a Top Employer are Cameroon, Côte d’Ivoire, Ghana, Mozambique, Senegal, South Africa, Australia, and The Netherlands.

The Top Employers Institute recognises an organisation’s dedication to a better world of work through excellent HR policies and people practices.

The programme has certified and recognised over 2,400 Top Employers in 125 countries/regions across five continents. The survey covers six HR domains consisting of 20 topics including People Strategy, Work Environment, Talent Acquisition, Learning, Diversity, Equity & Inclusion, Wellbeing and more.

“Consistency in a not-so-consistent world? In a time of rapid change, where technological, economic, and social factors continually reshape our world, these extraordinary times bring out the best in people and organisations.

“This year’s Top Employers Certification Programme showcases the resilience of the certified Top Employers 2025, who consistently prioritise the growth and wellbeing of their people, as they enrich the world of work. We are proud to celebrate these people-first leaders and teams as the Top Employers for 2025!” the chief executive of Top Employers Institute, Mr David Plink stated.

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