Jobs/Appointments
Staco Insurance Removes Turoti as Chairman, Appoints Aliyu
By Dipo Olowookere
Mr Samuel Turoti has been unanimously removed as Chairman of Staco Insurance Plc and replaced by Mr Muhammad Aliyu. the board of directors of the insurer has announced.
The decision to remove Mr Turoti as Chairman of the firm was taken at the board meeting held on Wednesday, December 11, 2019 in Lagos, a disclosure from the company disclosed.
No reason was given for this action, but according to the notice sent to the Nigerian Stock Exchange (NSE), the former Chairman will remain on the board of the company.
“We wish to notify the Nigerian Stock Exchange, our shareholders and other stakeholders that by a unanimous decision of the board of directors of Staco Insurance Plc at the meeting of the board of directors held in Lagos on December 11, 2019, Prince Turoti Samuel ceases to be the Chairman of the board of directors of the company. He has been replaced by Alhaji Muhammad Sidi Aliyu as Chairman of the board of directors of the company,” the notice said.
According to the statement, the new chairman would no longer be a member of its various committees on finance investment and general purpose, enterprise risk management and governance.
“In view of the above appointment, Alhaji Muhammad Sidi Aliyu would no longer be a member of the following Board committees – Finance Investment and General Purpose Committee; and Enterprise Risk Management and Governance Committee,” it stated.
It was further disclosed that the widely travelled Mr Aliyu holds B.Sc. and M.A. Aeronautical Science from Embry-Riddle Aeronautical University, Daytona Beach, Florida, USA.
He is said to be imbued with a conscientious culture that places a premium on tolerance, respect for facts, logic and an indomitable spirit for identifying problems and proffering solutions to them.
Staco Insurance noted that its new chairman has a knack for figures with well-developed analytical skills and has over the years worked on various developmental contracts and projects across all government parastatals.
He is currently an entrepreneur in the FMCG industry with over 15 years’ experience and was appointed to the board of the company on March 31, 2016.
Business Post recalls that in 2018, Staco Insurance sacked its former Managing Director, Mr Sakiru Oyefeso, over an alleged fraud. The decision to dismiss Mr Oyefeso was taken at the board meeting held on July 30, 2018, where the resolution to fire him was passed.
By Modupe Gbadeyanka
Lagos Television (LTV 8), Alausa, Ikeja, has a new General Manager, and he is Mr Kayode Oyekanmi, replacing Mrs Sola Kosoko, who was ousted by the Lagos State government.
Mr Oyekanmi was presented with his letter of appointment on Wednesday, May 13, 2026, by the Lagos State Head of Service, Mr Bode Agoro, in a brief ceremony.
The new General Manager of the state-owned broadcast station was tasked with using his vast experience in the media space to take LTV 8 to greater heights.
Mr Agoro expressed confidence in Mr Oyekanmi’s capacity to reposition Lagos Television and wished him a successful and impactful tenure of office.
Prior to his appointment, Mr Oyekanmi served as the Director of Strategy Centre at the Lagos State Ministry of Information and Strategy, a position he has held since 2022.
A seasoned brand communications practitioner, Mr Oyekanmi has over three decades of professional experience spanning both the private and public sectors, with expertise in Advertising, Public Relations, and global export services.
He commenced his public service career as a Public Affairs Practitioner on March 1, 2000, with the Lagos State Ministry of Information and Strategy.
The new LTV boss, a Lagos State indigene from Isale Eko, Lagos Island, has received several awards in recognition of his dedication, hard work, and commitment to the journalism profession.
He holds a Master’s degree in Public Administration (MPA) from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.
He is an active Member of the Nigeria Union of Journalists (NUJ) and the Nigerian Institute of Public Relations (NIPR).
In addition, he is a voracious reader and a passionate lawn tennis player, and currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.
By Modupe Gbadeyanka
A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.
The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.
His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.
It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.
The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.
The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.
He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.
By Aduragbemi Omiyale
In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.
A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).
She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.
Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).
In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).
Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.
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