Jobs/Appointments
Nnanna Replaces Alade as FMDQ OTC Chairman

By Modupe Gbadeyanka
Dr Joseph Nnanna has been announced as the new Chairman of the Board of Directors of FMDQ OTC Securities Exchange. This followed the retirement of Mrs Sarah Alade from the position on Friday, April 28, 2017.
Dr Nnanna is the Deputy Governor of the Central Bank of Nigeria (CBN), overseeing the Economic Policy Directorate, which covers the apex bank’s Financial Markets’ franchise.
He joins the Board of FMDQ with a wealth of experience having previously served as the Alternate Executive Director, representing Nigeria and 21 other Sub-Sahara African countries on the Board of the International Monetary Fund (IMF), amongst numerous other relevant financial markets’ appointments. He is currently the Chairman of the Board of Directors of Africa Finance Corporation (AFC).
Mrs Alade, who retired from FMDQ, was appointed to the board in July 2014, following the retirement of its inaugural Chairman, Mr Aigboje Aig-Imoukhuede.
Representing the CBN on the board of FMDQ, Mrs Alade was the Deputy Governor, Economic Policy Directorate of the apex bank, until her retirement in March 2017.
She had been pivotal to the transformation of the Nigerian financial markets over the years and led the OTC Securities Exchange astutely for almost three years and was instrumental to the successes achieved by FMDQ during the period.
Commenting on her decision to quit the board, Mrs Alade said, “Having had the privilege of leading the FMDQ Board since 2014, barely eight months after the launch of the OTC Exchange onto the Nigerian financial markets, the time has come for me to say goodbye.
“Over the years, I have had the pleasure of working with a team of highly passionate and result-driven professionals, from FMDQ staff members to the management team and my fellow board members.
“I would formally like to extend my personal appreciation for their individual and collective efforts displayed throughout my tenure. I would also like to particularly thank the retiring Directors for their invaluable contributions to the achievement of the FMDQ dream and heartily welcome the new Directors to the FMDQ Board.”
Expressing appreciation to Mrs Alade, Managing Director/CEO of FMDQ, Mr Bola Onadele Koko, stated that, “On behalf of the directors and management, I will like to seize this opportunity to express our deepest appreciation to (you) for the exemplary leadership and superior counsel provided in directing the affairs of the FMDQ. I wish her many more healthy years ahead.”
It was also gathered that the board announced the shareholders’ ratification of the appointment of Mr Kennedy Uzoka, Group Managing Director/CEO of United Bank of Africa Plc; and Mr Dapo Akisanya, Managing Director/CEO, AXA Mansard Pensions Limited, whose appointments to the FMDQ board as directors took effect on August 1, 2016 and January 1, 2017 respectively.
This is in addition to the retirement of Mr Yinka Sanni (Director and Chair, Board Governance and Human Resources Committee) from FMDQ.
Mr Sanni is Chief Executive Officer (CEO) of Stanbic IBTC Holdings Plc and represented the Financial Markets Sub-Committee of the Bankers’ Committee on the board of FMDQ, in his capacity as erstwhile CEO of Stanbic IBTC Bank Plc.
Jobs/Appointments
Board Picks Malolan Sampath as Champion Breweries CEO After Adoga’s Exit
By Aduragbemi Omiyale
Mr Malolan Sampath has been appointed as the new chief executive of Champion Breweries Plc, effective September 1, 2026.
The appointment of a new chief executive was approved by the board of the brewery giant following the resignation of Mr Inalegwu Adoga.
To ensure continuity during the transition pending Mr Sampath’s assumption of office, the board has appointed Mr Rasheed Ademola Adebiyi, Executive Director of Finance, to take charge of the affairs of the organisation.
In a statement, the board said it remains committed to the highest standards of corporate governance and to delivering a seamless leadership transition and sustainable value to shareholders and other stakeholders.
The new Sheriff in town, expected to take over next quarter, was described as an accomplished executive with over 26 years of international leadership experience across the beverage, FMCG, manufacturing and agro-industrial sectors, having built and led businesses up to $500 million in scale.
His beverage and brewing experience includes serving as Managing Director of Unique Beverages in Angola and as Sales & Marketing Director for a PepsiCo bottling franchise, in addition to earlier brewing-sector experience.
Most recently, he held the dual role of Managing Director (NPK Joint Venture) and Chief Marketing Officer at Indorama Eleme Fertilisers in Nigeria and previously served as Chief Executive Officer of Global Industries Limited, a Wilmar International joint venture in Zambia.
He holds a Postgraduate Diploma in Management (MBA) from the Symbiosis Centre for Management & HRD, Pune, and a Bachelor of Business Administration from the University of Chennai.
The board expressed confidence that his expertise in manufacturing excellence, commercial execution and business transformation will support the company’s strategic objectives and long-term growth.
Jobs/Appointments
Julius Berger Appoints Muiz Banire, Chinazo Okoye to Board
By Aduragbemi Omiyale
Erudite legal practitioner, Mr Muiz Banire (SAN), has been appointed to the board of a construction giant, Julius Berger Nigeria Plc.
He joins the board of the organisation as a non-executive director, with effect from July 1, 2026, alongside Mrs Chinazo Okoye, who is an alternate director to Dr Ernest N. Azudialu-Obiejesi.
A statement from the company secretary, Ms Cecilia Ekanem Madueke, said Mrs Okoye is a graduate of the University of Michigan, Ann Arbor, Michigan, USA, and holds a Bachelor of Science in Mechanical Engineering, Master of Engineering Degree in Mechanical Engineering from the Cornell University, Ithaca, New York, USA, and a Master of Science Degree in Professional Accountancy from the University of London, London, UK.
She is a Chartered Certified Accountant (ACCA) of the Association of Chartered Certified Accountants. She has worked in various positions in various companies and is currently the Managing Director of Amaranta Trading Limited.
As for Mr Banire, he is a graduate of the University of Lagos and holds a Master of Laws Degree as well as a Doctor of Philosophy Degree from the same university.
He was called to the Nigerian Bar in 1989. He also holds a Master Certificate in the Arbitration Master Course from the Lagos Court of Arbitration Training Institute. He was admitted to the Inner Bar and conferred with the rank of Senior Advocate of Nigeria (SAN). He is a Member of the International Bar Association, the Institute of Chartered Secretaries and Administrators, an Associate Member of the Chartered Institute of Arbitrators, a Fellow of the Institute of Transport Administration of Nigeria, and the Nigerian Institute of Management. He is registered with the Law Society of England.
He had served in various capacities in the Legal profession, academic community and publicly. He was conferred with the National Honour of the Officer of the Order of the Niger (OON).
He is the Founder and Principal Partner, M. A. Banire & Associates, Member of the Board of Trustees, Fountain University, Osogbo, Osun State, and Pro-Chancellor of the University of Uyo, Akwa Ibom State.
Jobs/Appointments
Access ARM Pensions Appoints Sa’adu Jijji as Chief Executive
By Adedapo Adesanya
Access Holdings Plc appointed Mr Sa’adu Jijji as the new chief executive of Access ARM Pensions Limited, its pension subsidiary.
The appointment has received all necessary regulatory approvals, including the board of Access ARM Pensions, reflecting the group’s continued focus on deepening leadership capacity across its subsidiaries and reinforcing its position in Nigeria’s pension industry.
Mr Jijji obtained a Master of Business Administration (MBA) from the Saïd Business School, University of Oxford and a bachelor’s degree in Business Administration.
He is a seasoned executive with over two decades of experience in the financial services sector, spanning pension fund administration, investment management, actuarial consulting, and corporate strategy.
Mr Jijji has held senior leadership roles at Premium Pension Limited, Alexander Forbes Consulting Actuaries Nigeria and Pension Alliance Limited (PAL Pensions), where he served as acting managing director.
Also, his appointment underscores Access Holdings’ commitment to delivering long-term value to retirement savings account holders and other stakeholders, while advancing its broader strategy of building globally competitive financial services businesses.
In 2024, Access Pensions Limited acquired a majority stake in ARM Pensions Managers Limited to create Nigeria’s second-largest Pension Fund Administrator by Assets Under Management.
At the time, the then-Group Chief Executive, Access Holdings, Mr Herbert Wigwe, said, “We are pleased to have reached this transformative milestone in our pension fund administration journey. The proposed combination of ARM Pension with Access Pensions will not only create sustainable stakeholder value but will also contribute positively to the growth and development of the pension industry.”
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