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Stanbic IBTC Holdings Appoints Sola David-Borha as Chairman

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Sola David-Borha

By Aduragbemi Omiyale

Stanbic IBTC Holdings Plc has appointed its former chief executive, Mrs Sola David-Borha, as its new chairman of the board of directors.

Mrs David-Borha, a pastor with the Redeemed Christian Church of God (RCCG), was the chief executive of the organisation until 2017 when she stepped down for other roles.

Before then, the daughter of a diplomat father born in Ghana led the management team of the banking subsidiary of the financial services provider, Stanbic IBTC Bank Limited from May 2011 to November 2012.

She is taking over as the chairman of Stanbic IBTC Holdings from Mr Basil Omiyi, who retired from the position on May 16, 2024, according to a statement from the firm.

In the statement signed by the company secretary, Chidi Okezie, it was stated that the appointment of Mrs David-Borha took effect from Thursday, September 26, 2024, after “the receipt of all required regulatory approvals.”

The board expressed confidence that her “leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group.”

This is because the appointee has had an extensive career in the financial services industry, spanning over 35 years. Her executive educational experience includes the Advanced Management Program of Harvard Business School and the Global CEO Program of CEIBS, Wharton and IESE.

She is an honorary senior member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.

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Tinubu Appoints John Nwabueze as Nigeria’s Tax Ombudsman

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By Adedapo Adesanya

President Bola Tinubu has appointed Mr John Nwabueze as the Nigeria’s tax ombudsman.

His appointment is in accordance with the provisions of the Joint Revenue Board of Nigeria (Establishment) Act, 2025, according to a statement from the presidency on Wednesday.

A Tax Ombudsman is an independent official who investigates and resolves complaints between taxpayers and tax authorities. His appointment comes as Nigeria prepares to fully begin a new tax regime from January 1, 2026.

Mr Nwabueze in his role will ensure fair treatment, mediate disputes, and help prevent unnecessary litigation by offering neutral solutions to all stakeholders. It is also within his duty to identify systemic issues within Nigeria’s new tax administration, recommend improvements, and educate taxpayers about their rights and obligations.

According to the statement, the appointment aligns with President Tinubu’s commitment to implementing far-reaching and sustainable reforms in the tax and revenue administration framework.

Mr Nwabueze, from Oshimili South Local Government Area of Delta State, brings extensive professional and public service experience to the new job.

Prior to his appointment, he served as Managing Partner of a reputable tax advisory firm, Technical Adviser to the Joint Senate Committees on the Federal Capital Territory and Finance of the National Assembly, and Technical Adviser to the Chief Economic Adviser to former President Olusegun Obasanjo, among other significant engagements in both the public and private sectors.

The new tax ombudsman holds a Doctor of Business Administration (Finance) from Walden University, Minneapolis, USA; a Master of Science in Accounting from Strayer University, Washington, D.C.; and dual Bachelor of Science degrees in Accounting and Mathematics from the University of Jos, Nigeria.

President Tinubu congratulated Mr Nwabueze on his appointment and expresses confidence in his capacity to discharge the responsibilities of his office with integrity, diligence, and utmost professionalism.

The federal government noted that the Office of the Tax Ombudsman has been established to strengthen transparency and accountability within the tax system, enhance confidence in tax administration, and provide a structured mechanism for the fair and impartial resolution of disputes between taxpayers and revenue authorities.

The Office shall be responsible for receiving, reviewing, and resolving complaints relating to taxes, levies, regulatory fees, customs duties, excise matters, and other related issues, in accordance with extant laws and regulations, it added.

Mr Tinubu mandated Mr Nwabueze to ensure that disputes are managed in an efficient, impartial, and non-adversarial manner, thereby safeguarding the rights of taxpayers against the arbitrary or abusive exercise of authority by tax officials.

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Lafarge Africa Appoints Ke Zhigang Chief Financial Officer

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By Aduragbemi Omiyale

One of the leading cement firms in Nigeria, Lafarge Africa Plc, now has a new Chief Financial Officer (CFO) and he is Mr Ke Zhigang.

He was appointed by the cement miller to replace the former occupier of the position, Mr Puneet Sharma, who resigned from Friday, October 31, 2025.

A statement issued by the company and signed by its scribe, Adewunmi Alode, did not give any reason for the resignation of Mr Sharma.

However, it was noted that his replacement was approved by the board of Lafarge Africa and he was wished “success in his future endeavours.”

The appointment of Mr Zhigang as the new CFO of the cement giant has already taken effect from Saturday, November 1, 2025.

The new CFO, who was wished well by the board in his role as CFO, was described as “a strategic and result-driven financial expert with over 20 years experience in the cement manufacturing industry.

He began his career at Huaxin Cement Company Limited in 2003 and has served in various capacities. He was appointed as the Overseas Regional Finance Director at Huaxin Cement Company Limited in 2018.

As for his educational qualification, Mr Zhigang holds a Master of Business Administration (MBA) from Huazhong University of Science and Technology and a Bachelor’s degree in accounting from Huazhong Agricultural University.

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Miliki FM Appoints Tosin Faleye General Manager

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tosin faleye Miliki FM

By Aduragbemi Omiyale

Lagos-based seasoned journalist, Mr Tosin Faleye, has been appointed as the new General Manager of Miliki 101.3 FM.

The broadcast station, located in the Ojodu Berger area of Lagos State, said it settled for Mr Faleye as its GM because of his experience and leadership qualities.

In a statement, the fast-rising indigenous radio station described the appointment of the new General Manager as “a new dawn at Miliki FM.”

The management expressed confidence in his capacity to steer Miliki FM to greater heights.

Mr Faleye is armed with over two decades of professional experience, working across different media platforms, including in print, broadcast, and new media.

The career of the highly versatile and creative journalist reflects an unwavering dedication to the pen profession and an enviable track record of impactful contributions to Nigerian journalism.

The Osun State-born pen-pusher has earned respect as a resourceful communicator and administrator.

The appointment of the dark-complexioned media practitioner comes at a pivotal time for Miliki FM, which has grown steadily within three years of establishment, carving a niche as a voice for grassroots engagement and entertainment.

His colleagues and industry watchers have described his appointment as a well-deserved recognition of his professionalism, expressing optimism that his wealth of experience will further strengthen Miliki FM’s position in the competitive Lagos radio landscape.

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