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Omoluabi Mortgage Bank Awaits CBN Approval of Adekunle as MD



Omoluabi Mortgage Bank

By Dipo Olowookere

The board of Omoluabi Mortgage Bank Plc has announced a change to its composition with the appointment of few individuals, though subject to the approval of the Central Bank of Nigeria (CBN).

In a statement signed by the company secretary, Olabisi Fayombo, it was disclosed that the organisation has a new Managing Director and he is Mr Adewole Adekunle.

Others appointed to the board were Mr Yemi Adefisan as a non-executive director, Mrs Feyintola Ibidunni Olatunde-Agbeja as an independent director, Mr Olufemi Adesina as a non-executive director, and Mr Oyewole Olowu as an executive director.

The new Managing Director, Mr Adewole Adekunle, is a thorough-bred banking professional with over 22 years’ experience cutting across retail, commercial, corporate banking, public sector, corporate strategy, corporate & structured finance, risk management, credit collections & recoveries and legal.

He was at various times head of branch operations, profit centre manager, branch manager, regional director and Group Head in Omega Bank (now Keystone Bank), Standard Trust Bank (now UBA), Broad Bank (now Union Bank) and Sterling Bank where he left in 2018 on General Management Cadre.

He has honed relevant skills in building and leading high performing teams and brings on board a deep knowledge of the market, personal acumen, team leadership skills and business fundamentals relevant to mortgage banking.

Mr Adekunle holds a Bachelors of Technology degree in Applied Meteorology from the Federal University of Technology, Akure, two Master in Business Administration degrees in Marketing and Finance from University of Ado Ekiti and Metropolitan School of Business & Management, UK respectively.

He also holds a Master in Business Law (LLM) from the Metropolitan School of Business & Management, UK and a Certificate in Global Management (CGM) from the Institut Européen d’Administration des Affaires (INSEAD), Fontainebleau, France.

He is a member of the Nigeria Institute of Management, Honorary Senior Member of the Chartered Institute of Bankers of Nigeria, Alumnus of the prestigious INSEAD Global Management Program and Lagos Business School’s Advanced Management Program.

On his part, Mr Adefisan has been widely exposed to business formation, strategy and planning in the course of his career spanning over 20 years, traversing through banking, oil and gas, real estate, manufacturing and logistics industry.

He is a consummate banker and financial expert having previously worked with Seven Up Bottling Company Plc, Pacific Bank Limited (Unity Bank Plc), Crystal Microfinance Bank Limited, Skye Bank Plc and Fast Credit Limited.

He holds two Master in Business Administration degrees from Ladoke Akintola University and Metropolitan School of Business and Management, United Kingdom.

A Fellow of Microfinance Association UK, National Institute of Marketing of Nigeria and Institute of Management Consultants. He is also a member of the Nigerian Institute of Management (Chartered), Institute of Directors Nigeria and Nigerian Economic Summit Group (NESG). He seats on the board of over 15 companies across Africa and currently serves as the Group Chief Executive of CITITRUST Holdings Plc.

For Mrs Olatunde-Agbeja, she is a Fellow of the Institute of Chartered Accountants of Nigeria who graduated in 1980 with a Bachelor of Science Degree in Computer Science and Mathematics from the University of Lagos, Lagos.

Thereafter, she became an Audit Trainee at the accounting firm of Peat, Marwick, Ani, Ogunde & Co. (now KPMG) and qualified as a Chartered Accountant in 1987.

She joined the services of the Central Bank of Nigeria (CBN) as a Senior Supervisor in 1986 and her experience spanned over 32 years in the key areas such as banking operations, internal audit, banking and other financial institutions supervision amongst others.

She was appointed an Assistant Director of the CBN in 2006, and further appointed as the Branch Controller of CBN Abeokuta Branch, Ogun State where she retired as a Director in September 2018. She joined Boff & Company as Executive Director, Finance and Administration in February 2019.

On the part of Mr Adesina, a financial, marketing and management professional, he is armed with over 20 years of extensive and diverse experience in finance, private equity, banking, and venture capital marketing, marketing communication, sales and administration.

He started his career with KPMG before moving to the business group of a top Nigerian bank. He later moved to the Financial Control and Strategic Planning unit of the bank. He has worked with a number of other firms. In 2005, he became the pioneer Managing Director of Fluffy Enhancing lives Funds Limited, a private equity firm.

He consults for a lot of businesses, including Oasis Shefa Int’l Limited, Jineda Global Limited (both oil brokerage firms) and Consultoria Foresighta Limitada, a Brazillian firm.

He is a fellow of the National Institute of Marketing of Nigeria, fellow of the Certified Institute of Purchasing Supply of Nigeria. He holds MBA from Kensington University, Glendale, California. He also sits on the board of Fluffy Funds Limited, WheelyWheely Logistics Limited and Livingsprings Helicopters Limited.

Another appointee, Mr Adewole, is an Estate Management graduate of Obafemi Awolowo University, Ile-lfe, Osun State. He also has a National Diploma in Surveying and Geoinformatics from the Federal polytechnic, Ado- Ekiti.

He worked with Zain Nigeria and then moved on to Portal Realties Limited where with diligence and hard work he rose to the position of the General Manager Sales Division. He co-founded Capital Metropolis Synergy Limited, a real estate development and consultancy outfit in Abuja.

For Mr Olowu, he is a graduate of Accounting from the Lagos State University. His experience cuts across both the public sector and the banking industry. He worked with the Raw Materials Research Development Council (RMRDC), Federal Ministry of Science & Technology as a State Accountant in the Lagos State Liaison Office for 10 years before joining the banking sector.

He is a versatile mortgage banker with over 15years experience in banking operations, e-banking, credit, business development and retail banking. He had worked with Lagoon Homes Savings and Loans Limited (Mortgage Bankers), Resort Savings and Loans Plc. (Mortgage Bankers) and Jubilee-Life Mortgage Bank Plc, from where he joined Omoluabi Mortgage Bank Plc.

He holds an MBA (Finance) and an Honorary Fellow Institute of Corporate Administration (FCA).

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


Outrage as NNPC Appoints French-Swiss National to Head Oil Trading Business



Jean-marc cordier oil trading business

By Adedapo Adesanya

Nigeria’s oil company, the Nigerian National Petroleum Company (NNPC) Limited, has appointed Mr Jean-Marc Cordier, a former Vice President of the Abu Dhabi National Oil Company (ADNOC), to head its oil trading business.

This was disclosed in a statement signed by Mr Garbadeen Muhammad, the Chief Corporate Communications Officer of the organisation, saying Mr Cordier joined as the Head of its oil trading arm, NNPC Trading Limited.

He said Mr Cordier’s appointment was in furtherance of the ongoing repositioning drive in the company toward improved growth, better performance and service delivery.

According to the company, the renowned international oil trader, a French/Swiss national, holds a Master’s degree in Corporate Finance with Distinction from Paris 9 University.

“[Mr] Cordier comes into the role with a rich background spanning over 30 years in physical oil, oil derivatives and risk management with significant experience in reorganizing and creating a trading business,” he said.

He spent 24 years with Elf Trading/Total Trading in various positions as Trader, Trading Desk Manager in Geneva and four years as the Global Trading Manager at Addax Energy in Geneva.

At ADNOC in Abu Dhabi, UAE, he served as Vice President, Middle Distillates, Senior Vice President of Risk Management, Senior Team Member in charge of building the trading activity for ADNOC and the launch of ADNOC Global Trading (AGT) in December 2020,” he said.

Mr Muhammad said that Cordier had since assumed duty.

Business Post understands that the French-Swiss national’s appointment has sparked outbursts from stakeholders who complained that it doesn’t align with the promises of the Petroleum Industry Act (PIA), which promises more Nigerian involvement in the country’s oil company.

While some argued that expatriates have always held posts in oil companies, others said NNPC should endeavour to promote the local content drive of the federal government.

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Jobrole Introduces Flexible HR Plan for SMEs



Chigbo Okeke Jobrole Flexi HR Plan

By Modupe Gbadeyanka

An outsourced human resources (HR) management solution designed to accelerate the activities of small and medium enterprises (SMEs) in the country has been introduced by a leading talent management company in Nigeria, Jobrole Consulting Limited.

This plan, called Jobrole Flexi HR, will enable small business owners to navigate common HR challenges while focusing on core business operations.

It is an integrated human resources and business solution designed to meet the administrative needs of Nigerian small businesses and help them grow from sole proprietorships to flourishing organizations with select employees and clientele lists.

Jobrole Consulting is reputed for its wide-ranging human resources solution for high business performance, and this new package further cements its status in the industry.

The Director of Strategy and New Market at Jobrole Consulting, Mr Chigbo Okeke, informed newsmen that the Jobrole Flexi HR plan was to justify that people are a strategic resource for every business.

According to him, no matter how large or small a business is, there is always a need to use effective HR strategic planning techniques to manage the company’s resources and minimize human resources issues.

“We are excited to introduce Jobrole Flexi HR plan to the Nigerian SME market. This is an outsourced HR management solution that assists start-ups and other small-to-medium-sized businesses in reducing operational issues such as staff identity risks, recruitment turnaround time, hiring costs, and developing HR policies for your organization.

“These HR activities are vital business functions, strategic to the operational success of all businesses. We help our clients carry out these tasks and get them done without a hitch while they face their core business operations,” he said.

Mr Okeke added that, “Nigerian small businesses must prioritize building a comprehensive human resources programme into the company’s overall business strategy.”

This, he said, is critical to increasing their bottom line and capable of strengthening their organization’s competitive advantage.

Some Flexi HR deliverables include staff recruitment, onboarding and documentation, employee background checks, performance management, payroll management, and HR policy development.

He urged small business owners in Nigeria to take into account that the HR role is key to their operations, noting that with the changing nature of the work environment in recent years, it is now very clear that the role of HR is very significant for small and bigger businesses because the value one or a few employees add to the business’s performance is quite significant and immeasurable.

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Former NBS Chief Yemi Kale Joins KPMG Nigeria as Chief Economist



Yemi Kale KPMG Nigeria

By Aduragbemi Omiyale

The former chief executive officer of the National Bureau of Statistics (NBS), Mr Yemi Kale, has joined a leading audit firm, KPMG Nigeria, as a partner and chief economist.

Mr Kale was also Nigeria’s Statistician General of the Federation between 2011 and 2021 and was very respected for how he projected the agency as a reputable stats agency.

In a post on Thursday, KPMG said Mr Kale would lead the company’s view on macroeconomics and enhance the breadth of our solutions involving economic modelling and macroeconomic analysis in private and public sector clients.

“The partners and staff of KPMG Nigeria are pleased to welcome Dr Oyeyemi Kale to our firm as he assumes the role of Partner and Chief Economist of KPMG Nigeria.

“Yemi holds a B.Sc. Honours degree in Economics (first class), Addis Ababa University, and an http://M.Sc. (Distinction) and PhD in Economics from The London School of Economics and Political Science.

“He has deep experience, gained from both the private and public sector, in macroeconomic analysis, financial, economic and investment research and fiscal and macroeconomic policy advisory.

“From 2011 to 2021, he served as the Statistician General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS).

“As our Chief Economist, Yemi will lead the firm’s view on macroeconomics and enhance the breadth of our solutions involving economic modelling & macroeconomic analysis in private and public sector clients,” the announcement read.

Under his watch, the stats office released data that were favourable and unfavourable to the ruling government with fear.

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