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Stanbic IBTC Announces Key Executive Appointments

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stanbic ibtc bank

By Dipo Olowookere

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced major executive appointments and changes in its management structure as part of strategic positioning to sustain its growth into the future.

Mr Yinka Sanni has been named the Chief Executive of Stanbic IBTC Holdings PLC. He takes over from Mrs Sola David-Borha, former Chief Executive, who has been appointed Chief Executive, Rest of Africa, Standard Bank Group effective immediately.

Mr Yinka Sanni was until his latest appointment the Chief Executive of Stanbic IBTC Bank Plc. He joined Stanbic IBTC Bank in 1990 and rose through the ranks, holding several senior management positions within the organization including that of Co-Head, Corporate and Investment Banking.

He also held the position of Executive Director & Head, Corporate and Investment Banking. He was the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive Officer, Stanbic IBTC Asset Management Limited.

He has a wealth of experience in banking and financial services covering Banking, Stockbroking, Pension, and Asset Management spanning over 26 years.

As CE of the Group, Mr Yinka Sanni is expected to drive the next phase of growth and execution of its strategy of being Nigeria’s leading end-to-end financial services provider.

Mr Sanni holds an MBA from the Obafemi Awolowo University Ile-Ife, having also undertaken the Harvard Business School, Boston’s Advanced Management Programme. He is a graduate of the University of Nigeria, Nsukka; with Bachelors in Agricultural Economics. Mr Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.

Similarly, Dr Demola Sogunle has been appointed Chief Executive, Stanbic IBTC Bank Plc.

Dr Sogunle was until recently the Deputy Chief Executive, Stanbic IBTC Bank Plc.

Prior to his appointment as Deputy Chief Executive, of the bank, he was the Chief Executive of Stanbic IBTC Pension Managers, a position he held from August 19, 2011 to December 2015. Prior to his appointment as Chief Executive of Stanbic IBTC’s Pension subsidiary, he was Stanbic IBTC Bank’s Head of Risk as well as its Chief Compliance Officer.

He was also formerly the Head of Treasury and Financial Services for Stanbic IBTC Bank, a position he held for over seven years

In his new role as Chief Executive, Stanbic IBTC Bank Plc, Mr Demola Sogunle will be leading the bank’s executive team as they consolidate and accelerate its growth strategy, especially within the retail, corporate and transactional banking ecosystems.

Chairman of Stanbic IBTC Holdings Plc, Mr Atedo Peterside, thanked Mrs Sola David-Borha, who he described as one of the finest bankers of her generation, a consummate professional and an exceptional human being for her long and meritorious service to Stanbic IBTC Holdings. He also wished her the best of luck in her new role within the Standard Bank Group.

“The board is confident that our newly appointed executives will benefit the group immensely as they will bring to their new positions, an unmatched combination of integrity, experience and a sterling track record. This will no doubt, help the business sustain its ongoing growth strategy,” Mr Peterside said.

Stanbic IBTC Holdings Plc is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

Stanbic IBTC belongs to the Standard Bank Group, the largest African financial institution by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent.

Standard Bank is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.

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 [email protected]

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NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers

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NMDPRA fee regulations

By Adedapo Adesanya

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that the viral report suggesting that it is currently employing new staff is the “handiwork of fake recruitment syndicates established to mastermind fraudulent activities.”

In a Monday statement posted on its official X handle, NMDPRA expressed that it was compelled to publish the disclaimer to alert the public against such activities due to what it described as “exploiting young economically vulnerable and unsuspecting Nigerians perhaps into parting with huge sums of money for purported employment opportunities into the authority.”

“They do this by issuing bogus “Letters of Employment” and empty promises, as well as offering non-existent positions. These may well be the handiwork of fake recruitment syndicates established to mastermind these fraudulent activities.

“We wish to use this opportunity to state categorically that the NMDPRA is NOT conducting any recruitment exercise currently. Neither is the Agency undertaking any kind of employment in its services at any level. For the avoidance of doubt, any future recruitment exercise would be undertaken in accordance with extant rules guiding such exercises in the Nigerian Public Service,” the organisation emphasised.

The agency further advised the public to disregard these fake employment advertisements and urged them to visit its official website and social media pages to verify any recruitment claims.

The statement added, “In this regard therefore, we would like to advise the public and all Nigerians to ignore these spurious claims by unscrupulous people whose only objective is to defraud Nigerians and cast aspersion on the authority.

“We further advise that for current and up to date information regarding all our activities, kindly refer to our official corporate website: www.nmdpra.gov.ng as well as all our verified online social media outlets (i.e. Facebook, Linkedln and Instagram) for authentic information.”

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Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director

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Nnoli Akpedeye

By Adedapo Adesanya

Aradel Holdings Plc has appointed Ms Nnoli Akpedeye as an Independent Non-Executive Director, effective February 2, 2026, following a resolution passed at the company’s board meeting held on January 28, 2026.

In a notice to shareholders, Nigerian Exchange (NGX) Limited, and the investing public, the company disclosed that the appointment is subject to ratification by shareholders at its next Annual General Meeting (AGM). The board also authorised the Company Secretary, Mrs Titiola Omisore, to notify relevant regulators and take all necessary steps to give effect to the decision.

Ms Akpedeye brings more than 36 years of multi-disciplinary experience spanning oil and gas, engineering, legal and arbitration services, and management consulting. Her career reflects a strong blend of technical expertise and strategic leadership, with competencies in management and strategy, business process engineering, organisational development and change management, as well as entrepreneurship development.

Until 2014, she served as Technical Planning Manager for Shell Exploration and Production Companies in Nigeria, where she led the execution of high-impact, mission-critical projects. Over the course of her career at Shell, she held roles across civil engineering design, planning and construction, project management, facility management, technical audit, and business planning and strategy, gaining extensive local and international exposure.

Beyond her corporate career, Ms Akpedeye is an entrepreneur and advocate for capacity building in engineering and energy. She runs Contego Servo Limited and Perfectus Laundi Limited, and in 2013, she launched the “Introduce a Girl to Engineering” programme aimed at encouraging secondary school girls in Nigeria to pursue careers in engineering and related STEM fields.

She is a Council for the Regulation of Engineering in Nigeria (COREN)-registered engineer, a Fellow of the Nigerian Society of Engineers (FNSE), and a past President of the Association of Professional Women Engineers of Nigeria (APWEN). She is also a founding member of the Women in Energy Network (WIEN) and serves as a passionate ambassador for science, technology, engineering and mathematics education.

In addition, Ms Akpedeye is the Chief Operating Officer (COO) of Compos Mentis Legal Practitioners and the Chairman of the Board of Trustees of the Compos Mentis Foundation.

Her appointment further strengthens Aradel Holdings’ board with deep industry knowledge, governance experience, and a strong track record in leadership and institutional development, as the company continues to pursue its strategic objectives within Nigeria’s energy landscape.

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Geregu Power Chooses Sean Manley as Interim CEO

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Geregu Power

By Aduragbemi Omiyale

An interim chief executive has been appointed by Geregu Power Plc and he is Mr Sean Manley, with his appointment to take effect from Monday, February 2, 2026.

A statement from the power generating firm disclosed that his appointment is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the company at the next general meeting.

In the notice, the organisation expressed confidence that the appointee would use his wealth of experience and leadership to “add significant value to the company.”

Mr Manley is said to be “a seasoned power-sector professional with a proven track record in delivering complex energy projects in developing markets.”

He is armed with more than 30 years’ experience spanning sales, business development, project implementation, supply-chain management, and OEM-led delivery within the power sector.

Over the course of his career with Siemens, Mr Manley has developed deep technical and operational expertise in thermal power generation, covering plant construction, commissioning, major overhauls, and long-term operational support.

He is widely regarded as a practical problem-solver, with a demonstrated ability to close projects in challenging operating environments and brings extensive international experience and strong intercultural skills acquired across multi-jurisdictional engagements.

His areas of expertise include the delivery of large, complex infrastructure projects, management of multi-million-dollar business units, client and stakeholder relationship management, business and market development, as well as logistics and procurement analysis critical to successful project execution.

The appointment of Mr Manley comes after Mr Femi Otedola divested his stake in the energy firm last month to support the recapitalisation of First Bank of Nigeria, a subsidiary of FBN Holdings Plc, which he chairs.

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