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Odu’a Investment Limited Appoints Segun Aina Chairman

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Odu'a Investment Limited

By Adedapo Adesanya

Mr Segun Aina has been appointed as the Chairman, Board of Directors of Odu’a Investment Limited.

The appointment of Mr Aina, a past President of the Chartered Institute of Bankers of Nigeria (CIBN), was approved, following the reconstitution of the board by the six governors of Nigeria’s South Western States, the owners of the company, led by Mr Rotimi Akeredolu, the Governor of Ondo State.

The new board, which has since been inaugurated, was charged to restore the lost glory of the organisation and reposition it towards the realization of the objectives of its founding fathers.

According to a statement released by the Head, Corporate Communication and External Relations, CIBN, Mr Nelson Olagundoye, Mr Aina’s appointment to this leadership position is an indication of the confidence reposed in him by the South-West Governors’ Forum.

He added that there was no doubt that under his leadership, wisdom and guidance, the company will strive to much greater heights and achievement.

Mr Segun Aina will be representing Osun State on the board. He is a global professional banking leader, internationally rated fintech influencer and thought leader, respected futurist and a philanthropist.

Until his appointment, he was the Chairman of Global Council of Global Banking Education Standards Board (GBEStB) and President, Africa Fintech Network.

Prior to this, he had served as the President/Chairman of Council of the Chartered Institute of Bankers of Nigeria (2012 to 2014) as well as West African Bankers Association (Nigeria Chapter) 2001.

He also serves as a member of the UK-Africa Fintech Investment Group, a UK Govt initiative co-chaired by the Lord Mayor of London and UK Prime Minister Ambassador for Business Fintech.

A tech visionary who set up Fintech Associates Limited as far back as 2002, Mr Aina is also the founding President, Fintech Association of Nigeria, initiator and founding President of the Africa Fintech Network, Founder/Chairman, The Fintech Institute among others.

He also has a thorough grooming of management prowess having attended trainings at the famous University of Lagos, University of Ibadan, INSEAD France, Harvard Business School, IMD Switzerland, Lagos Business School.

A Fellow of London Institute of Banking and Finance, Chartered Institute of Bankers of Nigeria, Nigerian Institute of Chartered Arbitrators, Institute of Directors, Nigerian Institute of Management , Mr Aina is also a Member, Toronto Region Board of Trade, Canada and Canadian Council for Africa.

He holds the Nigeria National honors of Officer of the Order of Federal Republic (OFR) and has received honorary doctorate degrees from three Universities.

Other members of the board are Mr Segun Olujobi (Ekiti), Mr Tola Kasali (Lagos), Mr Bimbo Ashiru (Ogun), Mr Segun Ojo (Ondo) and Mr Seeni Adio Esq SAN (Oyo).

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Jobs/Appointments

NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers

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NMDPRA fee regulations

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the viral report suggesting that it is currently employing new staff is the “handiwork of fake recruitment syndicates established to mastermind fraudulent activities.”

In a Monday statement posted on its official X handle, NMDPRA expressed that it was compelled to publish the disclaimer to alert the public against such activities due to what it described as “exploiting young economically vulnerable and unsuspecting Nigerians perhaps into parting with huge sums of money for purported employment opportunities into the authority.”

“They do this by issuing bogus “Letters of Employment” and empty promises, as well as offering non-existent positions. These may well be the handiwork of fake recruitment syndicates established to mastermind these fraudulent activities.

“We wish to use this opportunity to state categorically that the NMDPRA is NOT conducting any recruitment exercise currently. Neither is the Agency undertaking any kind of employment in its services at any level. For the avoidance of doubt, any future recruitment exercise would be undertaken in accordance with extant rules guiding such exercises in the Nigerian Public Service,” the organisation emphasised.

The agency further advised the public to disregard these fake employment advertisements and urged them to visit its official website and social media pages to verify any recruitment claims.

The statement added, “In this regard therefore, we would like to advise the public and all Nigerians to ignore these spurious claims by unscrupulous people whose only objective is to defraud Nigerians and cast aspersion on the authority.

“We further advise that for current and up to date information regarding all our activities, kindly refer to our official corporate website: www.nmdpra.gov.ng as well as all our verified online social media outlets (i.e. Facebook, Linkedln and Instagram) for authentic information.”

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Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director

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Nnoli Akpedeye

By Adedapo Adesanya

Aradel Holdings Plc has appointed Ms Nnoli Akpedeye as an Independent Non-Executive Director, effective February 2, 2026, following a resolution passed at the company’s board meeting held on January 28, 2026.

In a notice to shareholders, Nigerian Exchange (NGX) Limited, and the investing public, the company disclosed that the appointment is subject to ratification by shareholders at its next Annual General Meeting (AGM). The board also authorised the Company Secretary, Mrs Titiola Omisore, to notify relevant regulators and take all necessary steps to give effect to the decision.

Ms Akpedeye brings more than 36 years of multi-disciplinary experience spanning oil and gas, engineering, legal and arbitration services, and management consulting. Her career reflects a strong blend of technical expertise and strategic leadership, with competencies in management and strategy, business process engineering, organisational development and change management, as well as entrepreneurship development.

Until 2014, she served as Technical Planning Manager for Shell Exploration and Production Companies in Nigeria, where she led the execution of high-impact, mission-critical projects. Over the course of her career at Shell, she held roles across civil engineering design, planning and construction, project management, facility management, technical audit, and business planning and strategy, gaining extensive local and international exposure.

Beyond her corporate career, Ms Akpedeye is an entrepreneur and advocate for capacity building in engineering and energy. She runs Contego Servo Limited and Perfectus Laundi Limited, and in 2013, she launched the “Introduce a Girl to Engineering” programme aimed at encouraging secondary school girls in Nigeria to pursue careers in engineering and related STEM fields.

She is a Council for the Regulation of Engineering in Nigeria (COREN)-registered engineer, a Fellow of the Nigerian Society of Engineers (FNSE), and a past President of the Association of Professional Women Engineers of Nigeria (APWEN). She is also a founding member of the Women in Energy Network (WIEN) and serves as a passionate ambassador for science, technology, engineering and mathematics education.

In addition, Ms Akpedeye is the Chief Operating Officer (COO) of Compos Mentis Legal Practitioners and the Chairman of the Board of Trustees of the Compos Mentis Foundation.

Her appointment further strengthens Aradel Holdings’ board with deep industry knowledge, governance experience, and a strong track record in leadership and institutional development, as the company continues to pursue its strategic objectives within Nigeria’s energy landscape.

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Geregu Power Chooses Sean Manley as Interim CEO

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Geregu Power

By Aduragbemi Omiyale

An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.

A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.

In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to “add significant value to the company.”

Mr Manley is said to be “a seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.”

He is armed with more than 30 years’ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.

Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.

He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.

His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.

The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.

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