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Stanbic IBTC Consolidates Leading Employer Status With HR Awards

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A member of Standard Bank Group, Stanbic IBTC Holdings Plc, has been recognized for its robust and exceptional human resource practices, reaffirming its status as a leading employer brand at the HR People Magazine Awards 2019 Awards held recently in Lagos.

Stanbic IBTC won the Best Training, Learning & Development Strategy 2018 and the Outstanding Employee Engagement Strategy 2018 Awards.

This makes it the third consecutive year the organisation will be adjudged best among peers for outstanding employee engagement strategy, having received the award back-to-back for 2016, 2017 and most recently 2018.

These awards come on the back of winning an unprecedented five of a total of nine categories at the same awards last year.

Stanbic IBTC Holdings Plc has consistently received in the last couple of years a number of local and international HR related awards for its top notch and effective human resources strategy, best practices, employee retention, client testimonials and the organisation’s reputation throughout the business and wider community, employee engagement and productivity levels, among others performance indices.

A representative of the HR People Magazine, a foremost magazine dedicated to the human resources and people development profession covering Nigeria and Africa, explained that the awards are evidence-based, and that the criteria used to select winners include: a demonstrable and effective strategy to drive the HR process in all the award categories, ability to show consistent best practice implementation within the organisation, evidence-based programmes and the impact of these programmes on the organisation.

Chief Executive, Stanbic IBTC Holdings Plc, Mr Yinka Sanni, mentioned that winning awards in Human Resources underlines Stanbic IBTC’s strategy of growing a responsible, disciplined, motivated and highly productive workforce. It also reinforces the company’s strong management, systems and its leadership in the Financial Services industry.

According to Mr Sanni, being selected for recognition is a constant reminder for us to always strive to epitomize one of our eight core values, which is to constantly raise the bar. He said that the organisation will continue to upskill its people and provide them with the most conducive environment, the right tools and adequate incentives to win their commitment as well as grow its people which are a testament to Stanbic IBTC’s continuous investments in its human capital and the establishment of people-friendly procedures and practices.

“We are indeed grateful to the organisers for these awards and are delighted to be recognised for our strong human capital strategies and deliberate and consistent investments in our people.

“For us, a highly motivated workforce, one that can deliver better services, is a function of the level of investment in our human capital for professional and personal development that helps to create a productive workforce whilst fulfilling individual career aspirations,” Mr Sanni said.

Mr Dapo Saheed, Editor-in-Chief of HR People Magazine, affirmed that the awards were instituted to celebrate the significant role of human resources in achieving both people and business excellence.  Also, to create a platform which unites and supports the growth of HR in Nigeria and Africa at large.

“These tributes were instituted to reward companies and HR managers who have strategies in place to engender a work-life harmony. They prioritise human capital as essential to delivering superior value to stakeholders and this is reflective in people-related investments, processes, policies and practices put in place.”

Country Head, Human Capital, Stanbic IBTC Holdings Plc, Mrs Olufunke Amobi, expressed her appreciation and thanked HR People Magazine for the recognition, even as she assured that the organisation will not rest on its oars in ensuring a productive and motivated workforce.

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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Fortis Global Insurance Appoints Ufuoma Ibru, Umar Faruk to Board

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Fortis Global Insurance

By Aduragbemi Omiyale

The board of Fortis Global Insurance Plc has been strengthened with two new additions, with Mr Umar Faruk Umar appointed as an independent non-executive director and Mr Ufuoma Ibru as a non-executive director.

A statement signed by the company secretary, Ms Halima Jimada, disclosed that the appointments followed the approval of the National Insurance Commission (NAICOM), an agency that regulates the insurance sector in Nigeria.

The board expressed optimism that the new directors will bring their wealth of experience to bear in driving the growth and expansion of the business, and that the company will be further strengthened by their valuable contributions.

Mr Umar is an accomplished educationist, public servant and corporate director with over 40 years of professional experience, including over 30 years of board and corporate governance experience.

He holds a PhD in Educational Psychology from the University of Wisconsin, USA. He has also undertaken executive education and corporate governance programmes at Harvard University, Stanford University and INSEAD.

He has held senior positions in the public and private sectors and previously served on the boards of Ashaka Cement Plc, CCNN Plc and NAHCO Plc, where he chaired and served on various board committees, including Audit, Risk Management, Governance, Finance and Establishment.

He currently serves on the Boards of GTL Registrars Limited and the Nigerian Capital Market Development Fund. His extensive experience in corporate governance, risk management, finance and strategic oversight will bring significant value to the Board in his capacity as an independent non-executive director.

On his part, Mr Ibru is a legal practitioner and an experienced non-executive director with extensive professional and board experience in the hospitality, tourism and financial services sectors. He has served on the boards of Ikeja Hotel Plc, The Tourist Company of Nigeria Plc and Icon Stockbrokers Limited.

He holds a Bachelor of Law from the University of Oxford, and was called to the Nigerian Bar in 2003. He also holds a Bachelor of Engineering in Mechatronic Engineering from the University of London.

Mr Ibru has significant experience in corporate governance, strategic management, legal and regulatory matters, investment transactions and stakeholder engagement.

He brings to the board a strong combination of legal, commercial and corporate governance expertise, which will support the effective discharge of his responsibilities as a non-executive director.

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Heirs Life Appoints Pastor Jerry Eze to Board

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jerry eze

By Adedapo Adesanya

Heirs Life Assurance, a specialist life insurance company owned by Nigerian business mogul, Mr Tony Elumelu, has appointed Pastor Jerry Eze as an Independent Non-Executive Director on its Board, effective August 10, 2026.

The appointment reinforces Heirs Life Assurance’s commitment to expanding financial inclusion and accelerating insurance adoption by strengthening public trust, consumer education, and long-term financial resilience across Nigeria.

Nigeria, despite being Africa’s largest economy, continues to record insurance penetration of less than one per cent, ranking among the lowest globally and underscoring the need to deepen financial protection and strengthen public confidence in insurance. As Heirs Life advances its goal of making insurance more accessible to Nigerians, the appointment of the preacher is expected to bring valuable insight in community engagement, values-driven leadership and initiatives with wider social impact.

Pastor Jerry Eze is the Founder and Lead Pastor of Streams of Joy International Ministry, a growing multinational ministry with 34 branches across West Africa, Southern Africa, Europe and North America. He is also the convener of the New Season Prophetic Prayers and Declaration (NSPPD), one of the world’s largest digital prayer platforms, reaching millions of people daily. Through his ministry and humanitarian initiatives, he is regarded as one of Africa’s most influential voices, championing hope, compassion, and community transformation.

Beyond ministry, the clergyman is the Founder of the Jerry Eze Foundation, a faith-led philanthropy where he provides housing support and grants to vulnerable and underserved communities.

In 2026, he announced N1 billion in grants to support young entrepreneurs across agriculture, technology, and manufacturing, further advancing enterprise development and economic opportunity.

Before entering full-time ministry, Pastor Jerry Eze built a career in development communications, serving as a Communications Specialist on a World Bank HIV/AIDS programme and with the United Nations Population Fund (UNFPA). He holds a Bachelor’s degree in History and International Relations from Abia State University and a postgraduate degree in Business Administration from Enugu State University of Science and Technology.

Speaking about the appointment, Mr Elumelu, Chairman, Heirs Life Assurance, said, “Pastor Jerry brings an exceptional combination of integrity, influence, and a deep understanding of people and communities. As we continue our mission to democratise access to insurance, his insight will help strengthen consumer trust, deepen financial inclusion, and reinforce our commitment to protecting the financial future of millions of Nigerians. We are delighted to welcome him to the Board of Heirs Life Assurance and the broader family of Heirs Insurance Group.”

Commenting on his appointment, Pastor Jerry Eze said, “I am honoured to join the Board of Heirs Life Assurance at a defining moment for the insurance industry. Financial security empowers individuals, families, and businesses to pursue their aspirations with greater confidence and resilience. I look forward to working with the Board and Management to advance the company’s mission of making insurance more accessible, relevant, and impactful for every Nigerian.”

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AEDC Rewards 1,126 Employees After Performance Appraisal

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By Aduragbemi Omiyale

The conclusion of the 2025 Performance Appraisal Exercise of Abuja Electricity Distribution Company (AEDC) has resulted in the promotion and step increments of about 1,126 employees of the organisation.

The reward for performance involved the promotion of 547 employees and 579 step increments, reaffirming the company’s unwavering commitment to recognising excellence, rewarding performance and building one of Africa’s most admired workplaces.

AEDC disclosed that these actions reflect its deliberate investment in its people as the energy firm accelerates its transformation into a customer-centric, high-performing electricity distribution company with global standards and Pan-African aspirations.

The promotions and step increments, approved by the management, recognise employees who have demonstrated exceptional commitment, professionalism and outstanding performance in advancing AEDC’s strategic objectives.

However, employees who were not successful in the current appraisal cycle have been urged to remain committed, emphasising that the performance management process is designed to support continuous growth, capability development and future advancement opportunities.

“Our people remain our greatest asset and the foundation upon which AEDC’s future will be built. Today’s announcement is more than a reward for performance; it is a reaffirmation of our belief that excellence should always be recognised, talent should be nurtured and hard work should create opportunities for growth.

“As we continue our transformation journey, we are building an organisation where our employees can develop rewarding careers, realise their full potential and proudly contribute to creating one of Africa’s leading electricity distribution companies,” the chief executive of AEDC, Mr Chijioke Okwuokenye, stated.

He added that AEDC is intentionally creating a workplace where merit, continuous learning, innovation and collaboration drive career progression, while employee wellbeing remains central to its long-term strategy.

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