Jobs/Appointments
Rutten Chairs Deap Capital Board to Unlock Africa’s Minerals Potential
By Aduragbemi Omiyale
A globally respected expert in commodity markets, structured commodity finance, and exchange development, Mr Lamon Rutten, has been appointed as the new chairman of the board of Deap Capital Management and Trust Plc.
Mr Rutten’s appointment is to further strengthen Deap Capital’s leadership as the company advances its mission of mobilising capital and building financial solutions to unlock Africa’s critical minerals potential, positioning it as a strategic bridge between global investors and Africa’s emerging resource economy.
The Dutch national brings to the board over three decades of international experience across Europe, Asia, the Middle East, and Africa.
Mr Rutten described his appointment as a “new dawn for the African metals and minerals financing space,” applauding the decision to make him the chairman of the board, which was newly reconstituted.
The president of Deap Capital, Mr Israel Ovirih, welcomed the new chairman to the fold, noting that his extensive global experience in commodity markets and financial infrastructure development will be instrumental in guiding the company as it builds a world-class platform to finance and support the growth of the critical minerals sector across continental Africa.
“The new chairman and his global experience should enable the unleashing of new possibilities in the African metals and minerals space, including bringing new thoughts on how to modernise and formalise artisanal mining, specifically in Nigeria,” he stated.
Mr Rutten is widely reputed as a pioneer in the development of modern commodity trading and financing infrastructure worldwide, having served at Chie of Energy at the United Nations.
He previously served as the pioneering chief executive of the Multi-Commodity Exchange of India (MCX), also known as the Mumbai Commodity Exchange, where he led the exchange through a period of significant growth and quantum leap, establishing it as the world’s second-largest commodity exchange. Under his leadership, MCX achieved a landmark public listing valued at approximately $1.5 billion and a revenue of over $2.5 trillion by 2012.
He has also held several high-profile leadership and advisory roles globally, including serving as the founding CEO of the Indonesia Commodity and Derivatives Exchange (ICDX) and playing a key role in the development of the Saudi Mining Exchange initiative.
Earlier in his career, he worked with the United Nations Conference on Trade and Development (UNCTAD), where he led an international programme focused on commodity risk management and structured trade finance.
Mr Rutten is also a prolific author and policy expert, having published numerous research papers and policy works on commodity markets, trade finance, and risk management, and has advised governments, multilateral institutions, and financial organisations on commodity market development.
Jobs/Appointments
CSP Anietie Iniedu Replaces DCP Anthony Placid as Police Spokesman
By Aduragbemi Omiyale
The Nigeria Police Force (NPF) has a new spokesman: Mr Anietie Okokon Edem Iniedu, a Chief Superintendent of Police (CSP).
He is to replace Mr Anthony Okon Placid, a Deputy Commissioner of Police (DCP).
The change of guard was approved by the Inspector General of Police (IGP), Mr Tunji Disu.
In a statement on Friday, it was disclosed that the new Force Public Relations Officer of the police has extensive experience in public communication, operational policing, intelligence management, institutional accountability, and administration.
The IGP expressed confidence in his capacity to lead the Force Public Relations Department, noting that his experience and professional background will further enhance the agency’s strategic communication efforts and strengthen public engagement in support of ongoing policing reforms and operational successes.
A native of Etinan Local Government Area of Akwa Ibom State, he holds a Bachelor of Science (B.Sc.) degree in Pure Chemistry from the University of Uyo and has undergone several professional trainings in investigative interviewing, crime scene management, human rights-based policing, strategic communication, and intelligence analysis.
Prior to his appointment, he served as Head of the Complaint Response Unit (CRU), Force Headquarters, Abuja, where he coordinated public complaint management and championed initiatives aimed at strengthening transparency, accountability, and public trust in the Nigeria Police Force. He also previously served as Public Relations Officer of the Police College of Information Technology, Kobape, Ogun State, among several operational and administrative appointments across the country.
CSP Iniedu has held key positions including Operations Officer, Maisandari Division, Yobe State Command; Area Crime Officer, Umuahia Area Command, Abia State; Staff Officer, IGP Secretariat, Force Headquarters; Second-in-Command, 50 Police Mobile Force Squadron, Kubwa; and Officer-in-Charge of the Force Headquarters Situation Room, where he supervised the coordination and dissemination of crime and security information nationwide.
He can be reached via 08128526154, and X (Formerly Twitter): @cspiniedu.
Jobs/Appointments
Tinubu Extends Customs CG Adeniyi Tenure by Six Months
By Modupe Gbadeyanka
The tenure of the Comptroller General of the Nigeria Customs Service, Mr Adewale Adeniyi, has been extended by six months.
This is the second time the tenure of Mr Adeniyi is being extended by President Bola Tinubu.
A statement on Friday night by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the customs chief is getting extra time in office to enable him to consolidate the implementation of the National Single Window and ensure an orderly succession in the service.
The tenure of the first extension is expected to end on August 1, 2026, but with the fresh tenure elongation, Mr Adeniyi is scheduled to bow out of service in February 2027.
“During the transition period, Adeniyi, working with the Nigeria Customs Service (NCS) Board, will ensure the promotion of eligible officers to the rank of Comptroller of Customs and the compulsory retirement of officers who have attained 60 years of age or have served 35 years,” a part of the statement said.
Mr Adeniyi joined customs after graduating from Obafemi Awolowo University (OAU), Ile-Ife, Osun State, in the late 80s.
He rose through the ranks, becoming deputy comptroller in 2012, comptroller in 2017, assistant comptroller general in 2020, acting deputy comptroller-general in January 2023, before his appointment by President Tinubu in June 2023 as the Comptroller General.
Jobs/Appointments
Tinubu Appoints ex-KGMP CEO Kunle Elebute as FRCN Head
By Adedapo Adesanya
President Bola Tinubu has appointed a former chief executive of KPMG Nigeria, Mr Kunle Elebute, as chairperson of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).
The appointment was disclosed in a statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Thursday.
According to the statement, the appointment reinforces the federal government’s commitment to strengthening corporate governance, enhancing investor confidence, and deepening transparency and accountability within Nigeria’s financial reporting ecosystem.
The profile of the new FRC chair indicates that Mr Elebute is a distinguished Chartered Accountant and financial management consultant with over four decades of professional experience spanning Nigeria, West Africa, and global markets.
He previously served as Senior Partner of KPMG Nigeria, Chairman of KPMG West Africa, and Chairman of KPMG Africa. During his illustrious career, he also served on KPMG’s regional and global boards, including its Global Board Audit Committee.
Mr Elebute is widely respected for his expertise in audit, financial advisory, risk consulting, corporate governance, and strategic transformation.
“Mr Elebute’s appointment comes at a pivotal time as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and broader efforts to align Nigeria’s corporate reporting framework with international best practices.
“The Federal Government is confident that his wealth of experience, leadership, and governance expertise will further strengthen the Council’s mandate and support the Renewed Hope Agenda’s objective of building a more transparent, competitive, and investment-friendly economy,” the statement added.
FRCN has the mandate of setting and enforcing financial reporting, auditing, actuarial, valuation, and corporate governance standards in Nigeria.
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