By Adedapo Adesanya
The African Petroleum Producers Organisation (APPO) has reappointed Mr Omar Farouk Ibrahim as its Secretary General during the APPO Ministerial Council Session held in Luanda, Angola.
It has been considered a move that will usher in a new era of growth across the continent’s hydrocarbon industry.
With Mr Farouk bullish around the development and exploitation of Africa’s vast, untapped oil and gas resources to address growing energy poverty and drive socioeconomic developments since his first appointment as the Secretary General of APPO in January 2020, his reappointment has been touted as good news for the African continent as energy-producing countries seek reliable pan-African institutions and partners such as the APPO in maximizing oil and gas developments for energy security.
Under the leadership of Mr Farouk, the APPO has led a series of positive developments across the continent’s entire oil and gas value chain.
With energy transition-related policies disturbing the flow of investments to boost African oil and gas developments, APPO, under the leadership of Mr Farouk, has remained a reliable solution, with the institution continuing to provide much-needed funding through the Africa Energy Investment Corporation.
And now, with Africa seeking to maximize the use of local financial solutions to make energy poverty history, APPO, in partnership with the Africa Export-Import Bank (Afreximbank) is creating the African Energy Transition Bank to address financing challenges of oil and gas projects in partnership with the private sector.
In addition, with the continent expanding its oil and gas reserves to address declines in production due to natural diminishes in legacy projects, Mr Farouk has led APPO member countries, including the Democratic Republic of Congo, Algeria and Angola, in launching a series of licensing rounds aimed at attracting more upstream companies and investments.
Furthermore, whilst limitations in regional oil and gas infrastructure have restrained energy trading by and amongst African-producing countries and APPO members, the group, under his leadership, has vowed to change this with the organization strongly supporting the development of massive projects such as the Central African Pipeline Construction Project and the Trans-Saharan Gas Pipeline.
Moreover, with Africa pushing ahead the local content agenda as the oil and gas industry expands, APPO is spearheading various initiatives aimed at maximizing skills development and knowledge and expertise sharing between African National oil and gas companies as well as Energy and Hydrocarbon Ministries.
Senate to Screen Ahmad, Adamu as CBN Deputy Governors
By Modupe Gbadeyanka
The Senate will screen the Deputy Governor of the Central Bank of Nigeria (CBN) in charge of Financial System Stability, Mrs Aisha Ahmad, and her counterpart in charge of Corporate Services, Mr Edward Lametek Adamu, for a second term in office.
This followed their nominations for the positions by President Muhammadu Buhari in a letter sent to the Senate and read before the upper chamber of the National Assembly.
Mrs Ahmad was first nominated for the role by Mr Buhari in October 2017, while Mr Adamu was nominated in February 2018 by the President.
Mrs Ahmad is a Chartered Financial Analyst (CFA) charter-holder, and in her role, she has ensured a safe and sound financial system in Nigeria, a core mandate of the CBN.
With over 25 years of policy and financial industry experience, she holds an MSc in Finance & Management from Cranfield University UK, MBA (Finance) from the University of Lagos and a second-class upper Bachelor’s degree in Accounting from the University of Abuja.
She has been credited with bringing dynamism and a strong combination of academic qualifications and private-sector experience to her role as deputy governor of FSS.
On his part, Mr Adamu, a quantity surveyor by training, has a 25-year career culminating in his role as HR Director at the CBN.
He is a graduate of Ahmadu Bello University, Zaria Kaduna and a fellow of the Nigerian Institute of Quantity Surveyors and the Institute of Credit Administration. He began his career with the Unified Public Service in 1983.
Sanwo-Olu Appoints Folasade Coker as Executive Secretary of LJLA
By Adedapo Adesanya
The Governor of Lagos State, Mr Babajide Sanwo-Olu, has appointed Ms Folasade Coker as the Executive Secretary of the Lateef Jakande Leadership Academy (LJLA).
The initiative is a leadership and mentorship programme of the state government, with the vision to develop tomorrow’s leaders today for public service and governance in Africa.
According to a statement made available to Business Post, she was appointed based on her impressive track record and demonstrated successes on various leadership assignments.
Ms Coker has worked across numerous leadership roles in both the public and private sectors in a career spanning over 30 years to date.
She is the Visionaire and Chief Executive Officer of Coker & Castle Nigeria Ltd, a management consulting and coaching firm, which she co-founded with Derek Castle in 2003. She has a wealth of experience in delivering training on communication/interpersonal skills, team building, leadership and management, marketing and providing bespoke solutions.
Her role as the Executive Secretary of LJLA will include program planning and proactively monitoring its progress, and organisational and budget planning.
She will be responsible for administering the business affairs of the Leadership Academy.
Ms Coker will also be in charge of the total welfare of the fellows and to achieve their objectives of being part of the fellowship, and build an all-round leader mentally, emotionally and physically.
The objective is to support the LJLA vision to develop future leaders by equipping them with the requisite skills to positively influence public service and instil in them the ethics and values of purposeful leadership through direct mentorship and on-the-job training whilst ensuring the efficient management of the academy in all aspects.
ICPC Busts Job Racketeering Syndicate in Sting Operation
By Modupe Gbadeyanka
A job racketeering syndicate has been busted in a sting operation carried out by operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
In a statement issued on Monday, the agency said it was able to apprehend the prime suspect of the team, which specialises in defrauding unsuspecting job seekers through offers of non-existing employment.
According to the disclosure, four applicants were also arrested in the sting operation, which is part of an ongoing crackdown on employment syndicates by the commission in collaboration with the Office of the Head of Civil Service of the Federation (OHCSF) and intelligence arising therefrom regarding a replacement exercise in a federal government agency.
The statement noted that efforts are in place to find other suspects related to the case, as the arrested persons are being interviewed and are giving the commission useful information.
The syndicate’s mode of operation, according to the ICPC, is hoodwinking their victims into believing that they have a strong connection with the OHCSF and can use such influence to secure employment for them.
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