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Purple Real Estate Welcomes Umar, Oladimeji to Board

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Purple Real Estate Income

By Adedapo Adesanya

Nigerian real estate platform, Purple Real Estate Income Plc, has made significant changes to its board, marking a pivotal moment in the company’s growth strategy amid current macro headwinds.

The reshuffle brings on Mr Aminu Umar and Mr Olasunkanmi Oladimeji to join the board as Non-Executive Director and Executive Director.

The duo of Mr Umar and Mr Oladimeji will take over from Mrs Osareme Archibong and Mrs Fiona Ahimie, both outgoing Independent Non-Executive Directors, according to notice on NASD OTC Securities Exchange, where the company trades its securities.

Commenting on the changes, the Chairman of the board, Mrs Jumoke Akinwunmi, stated, “We are thrilled to welcome Alhaji Aminu Umar and Mr Olasunkanmi Oladimeji to our board. Their expertise and leadership will be invaluable as we navigate our strategic objectives, reposition the company given the ongoing economic challenges, and strengthen our base whilst capitalising on emerging opportunities.

“We extend our gratitude to Mrs Osareme Archibong and Mrs Fiona Ahimie for their contributions to Purple’s growth and achievements this far.”

She said these changes reflect Purple Real Estate Income Plc’s commitment to fortifying its leadership team and capitalizing on new opportunities in the real estate sector.

Mr Umar is a distinguished figure in the Nigerian business landscape and will bring a wealth of experience as the Founder and CEO of Sea Transport Services Nigeria Limited.

His leadership has propelled Sea Transport Group to become West Africa’s primary transporter of crude and clean petroleum products, boasting a substantial market share in the petroleum movement in Nigeria.

His expertise in maritime policies and his connections with local and international trading companies will undoubtedly contribute to Purple’s strategic vision.

On his part, Mr Oladimeji is a seasoned investment professional with over 15 years of experience in Private Equity, Corporate Finance, Fundraising, and Transactions advisory.

His extensive background, including roles at PricewaterhouseCoopers (PwC), Access Bank, and Synergy Private Equity Fund, positions him well to drive Purple’s operational excellence.

Founded almost 10 years ago, Purple commenced operations in 2014 and is responsible for developing the Maryland Mall, a Grade A mixed-use centre that boasts the largest outdoor LED screen in West Africa.

Purple completed its listing and started trading on NASD OTC Bourse as a real estate company on March 23, 2023.

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

Tinubu Names Ibrahim Ida Chairman of Corporate Affairs Commission

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corporate affairs commission cac

By Adedapo Adesanya

President Bola Tinubu has appointed Mr Ibrahim Ida as Chairman of the Corporate Affairs Commission (CAC).

Mr Ida holds an MSc in Banking and Finance from the University of Ibadan (1983) and an LLB from the University of Abuja (2003). Before being elected to the Senate in 2017 to represent Katsina Central, he served as the Commissioner of Finance for Katsina State and as the Permanent Secretary of the Federal Civil Service.

His appointment comes as the CAC faces legislative scrutiny over its books. The commission is part of a group of agencies that the House of Representatives Public Accounts Committee (PAC) recommended zero allocation for the year 2026, for allegedly failing to account for public funds appropriated to them.

The committee, at an investigative hearing held in February, accused CAC and some other ministries, departments and agencies (MDAs) of shunning invitations to respond to audit queries contained in the Auditor-General for the Federation’s annual reports for 2020, 2021 and 2022.

It asked the National Assembly not to continue to appropriate public funds to institutions that disregard accountability mechanisms.

President Tinubu also nominated seven people to fill vacant commissioner positions at the National Population Commission (NPC) as Federal Commissioners to represent their respective states in the National Population Commission. The nominees are;

1. Kolawole Oladipupo Alabi – Ekiti State

2. Nasiru Mu’azu – Zamfara State

3. Usman Abubakar Tuggar – Bauchi State

4. Dr Isaka Alada Yahaya – Kwara State

5. Prof. Sadiq Isah Radda – Katsina State

6. Suleiman Umar – Jigawa State

7. Hon. Chiso Abdullahi Dattijo – Sokoto State

The appointments, which complement other Federal Commissioners already sworn in, are subject to confirmation by the National Assembly.

The President also appointed Mr Yusuf Mohammed of Kano State as Chairman of the Federal Polytechnic, Kaltungo, and confirmed the appointment of Mr Bala Mohammed Bello as his Special Adviser on Political Economy.

Mr Bello, from Kebbi State, holds a Bachelor’s Degree in Accounting and an MBA from Ahmadu Bello University, Zaria. Before this appointment, he was a Deputy Governor at the Central Bank of Nigeria (CBN). He also served as Executive Director (Corporate Services) at the Nigerian Export-Import Bank (NEXIM) from 2017 to 2022.

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IBEDC Appoints Deolu Ijose as New Managing Director

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Deolu Ijose

By Adedapo Adesanya

Ibadan Electricity Distribution Company (IBEDC) has announced the appointment of Mr Deolu Ijose as its new Managing Director, following the recent reconstitution of the company’s board.

The appointee will succeed Mr Francis Agoha, and brings extensive experience in the power sector to the role, having previously served as Managing Director of Benin Electricity Distribution Company (BEDC) and as Chief Commercial Officer (COO) at IBEDC. His familiarity with the company’s operations is expected to strengthen leadership continuity and drive performance.

The board expressed confidence in his ability to consolidate on existing gains while steering the company toward improved operational efficiency and service delivery.

Speaking on his appointment, Mr Ijose said he was honoured to lead IBEDC at a critical time in the company’s growth.

“I am honoured to lead IBEDC at this critical time. We will build on the foundation already in place by prioritising operational efficiency, strengthening commercial discipline, and delivering improved service to our customers. Our success will be driven by teamwork, accountability, and a shared commitment to excellence,” he said.

The company noted that the new leadership would focus on enhancing electricity supply, deepening stakeholder collaboration, and investing in infrastructure and technology to improve customer experience.

IBEDC added that it remains committed to delivering greater value to customers, stakeholders, and the Nigerian economy as it accelerates its growth and transformation agenda.

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UAC Nigeria Subsidiary CAP Plc Picks Olalekan Aluko as Managing Director

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olalekan aluko CAP Plc

By Aduragbemi Omiyale

A subsidiary of UAC Nigeria Plc, Chemical and Allied Products (CAP) Plc, has appointed Mr Olalekan Aluko as its new Managing Director, following the transition of its current head, Mrs Bolarin Okunowo, to a new executive role within the UAC Group, effective June 25, 2026.

A statement from the organisation at the weekend said Mr Aluko, who is currently its Chief Supply Chain Officer, will assume his new role on June 25, 2026.

He has over 16 years of extensive operational and supply chain expertise, and before joining CAP Plc, he served as Supply Chain and Plant Director at Suntory Beverage and Food Nigeria.

Mr Aluko has also held roles at other notable multinationals, including GlaxoSmithKline and Guinness Nigeria Plc. He holds a Bachelor of Science degree in Electronics and Electrical Engineering and a Master of Business Administration, both from Obafemi Awolowo University, Ile-Ife.

He joined the firm in July 2022 as Head of Operations and was subsequently appointed Chief Supply Chain Officer in March 2025.

In his current role, he provides end-to-end leadership across the company’s supply chain, managing all phases of operations from planning through to logistics, ensuring seamless service delivery to our customers, whilst remaining focused on safety, product quality and operational efficiency.

Since joining CAP Plc, he has driven measurable improvements in operational performance, eliminating bottlenecks, improving turnaround times and enhancing customer experiences whilst delivering exceptional financial performance for the organisation.

Under his leadership, the firm continues to maintain strong governance of ISO-aligned management systems, reinforcing compliance, risk management, and continuous improvement.

A transformation-focused and execution-driven leader, Mr Aluko is known for his structured and customer-centric approach to driving operational excellence, strengthening cross-functional alignment, and driving high performance across the organisation. His contributions have been recognised at the UAC Group level, where he is a recipient of the UAC Excellence Award.

The board thanked Mr Aluko’s predecessor, Mrs Okunowo, for her exceptional leadership, commitment and significant contributions to the organisation throughout her tenure, and wished her success in her new role.

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