Jobs/Appointments
Stanbic IBTC Honours Employees at Special Event
Stanbic IBTC Holdings PLC, a member of Standard Bank Group has held the 2019 edition of the company’s Long Service Awards. The annual event is an avenue for the organisation to recognise and reward staff who have put in significant years of service to Stanbic IBTC.
Delivering his welcome remarks, Dr. Demola Sogunle, Chief Executive, Stanbic IBTC Bank PLC, described the event as being in line with the bank’s tradition of honouring employees who have distinguished themselves through hard work, dedication and commitment to Stanbic IBTC Holdings PLC.
“Ladies and gentlemen, you will agree with me that recognition is not just about instituting an award system. It is also about how the awards are executed.
“With the array of distinguished achievers at this occasion, I believe that today will be etched in the history of every awardee and their family members present as a memorable day indeed in recognition of their long-term commitment and excellent contribution to the growth and development of Stanbic IBTC.
“This year is fundamental for Stanbic IBTC as it marks a significant 30-year milestone since the Group commenced its journey and we are celebrating 170 of our loyal and dedicated staff who have contributed to this significant milestone,” he said.
He further commended the awardees for keeping faith with the organisation despite the highly competitive and challenging business environment.
He added: “Your loyalty, dedication and continued efforts have contributed to helping us overcome challenges, convert opportunities and unite to deliver profitable outcomes. Now is the time to return that loyalty.
“As our most valued asset, we cannot thank you enough for your continued support. As I look forward to working together with you for many years to come, I urge you to continue in your strides to keep moving the group forward.
“As you all know, we never stop moving forward. Continue making significant contributions to make us reach our ambitious goals and even surpass them. Keep being loyal, dedicated and committed to excellence. Our future is looking bright, our opportunities are significant and it is up to us how good we want the future to be.”
In her address, Mrs Funke Amobi, Country Head, Human Capital, Stanbic IBTC, described the Long Service Awards as a key employee engagement event for the organisation. She further encouraged the awardees to continue espousing the Stanbic IBTC Group’s values of integrity, dedication, commitment and hard work.
She said: “I urge you to continue to be role models, beacons of performance and continuously uphold the values of this institution. I urge you to continue contributing to our success and sustainability both within and outside the country.
“We look forward to celebrating you again and again with your milestone achievements. We deeply appreciate all your years of service and we look forward to celebrating your bigger achievements across the Stanbic IBTC group and indeed Standard Bank Group. Thank you very much for your commitment and dedication. Thank you for sustaining this business as well as for your continued loyalty and commitment to Stanbic IBTC.”
The Stanbic IBTC Long Service Awards recognised employees who had put in various years of service ranging from 10 years to 30 years. Bamidele Abiodun Oresegun, Head, IT Governance, Risk and Compliance and Eugene Kossi Sekpo, Support Clerk, Clerk Legal Operations were recipients of the 30 Year Long Service Awards, having both joined the organisation in 1989. Eight employees, including Chidike Okechukwu Okezie, Company Secretary, Stanbic IBTC were award recipients in the 20-year Long Service category.
While 31 employees were specially recognised for putting in 15 years, 129 staff members of were commended for putting in 10 years of service. Amongst the employees recognised for 10 years of service in Stanbic IBTC were Mr. Wole Adeniyi, Deputy Chief Executive, Stanbic IBTC Bank PLC and Charles Omoera, Chief Executive, Stanbic IBTC Trustees Ltd.
Speaking on behalf of the awardees, Chidi Okezie, Company Secretary, said: “It has truly been a very delightful evening and one that the awardees will not forget in a while. We have been truly touched by the number of people that came to honour us. We are deeply touched by what has happened this evening. We are truly thankful for this.”
Jobs/Appointments
Tinubu Picks Joseph Tegbe to Replace Adelabu as Power Minister
By Modupe Gbadeyanka
Following the resignation of Mr Adebayo Adelabu as the Minister of Power a few days ago, President Bola Tinubu has nominated Mr Joseph Tegbe as his replacement.
A statement by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed on Thursday that Mr Tegbe’s name has been forwarded to the Senate for confirmation.
His nomination is expected to strengthen further ongoing efforts to reform the power sector, enhance grid stability, and attract sustainable investment in line with the Renewed Hope Agenda.
Upon confirmation, he is expected to bring his extensive expertise to bear to advance critical reforms and deliver improved outcomes for Nigerians in the power sector.
Mr Adelabu, a former Deputy Governor of the Central Bank of Nigeria (CBN), resigned last week to pursue his dream of becoming the Governor of Oyo State.
His replacement is also from Oyo State. He is a fiscal and economic reform expert with over 35 years of experience spanning the public and private sectors, according to the statement today.
He is a former Senior Partner and Head of Advisory Services at KPMG Africa, where he led wide-ranging initiatives in fiscal policy reform, institutional transformation, and governance. He has also advised key government institutions and private sector organisations on strategic reforms, regulatory frameworks, and investment structuring.
He is at present the Director General and Global Liaison for the Nigeria-China Strategic Partnership (NCSP), where he is responsible for strengthening bilateral development cooperation between Nigeria and the People’s Republic of China.
The NCSP also coordinates engagements with public sector stakeholders to advance economic and social development in line with FOCAC objectives.
Mr Tegbe’s experience includes significant engagements within the power sector, particularly in regulatory and institutional reform involving agencies such as the Nigerian Electricity Regulatory Commission (NERC) and the Nigerian Bulk Electricity Trading Company (NBET).
Jobs/Appointments
Tinubu Elevates Bianca Ojukwu to Foreign Affairs Minister
By Adedapo Adesanya
President Bola Tinubu has named Mrs Bianca Odumegwu-Ojukwu as Nigeria’s new Minister of Foreign Affairs, the latest in the cabinet reshufflement.
Mrs Odumegwu-Ojukwu replaces Mr Yusuf Tuggar, who recently resigned to pursue the Bauchi governorship election ambition in 2027 under the All Progressives Congress (APC).
Mr Sola Enikanolaiye has been appointed as the new Minister of State for Foreign Affairs, the position previously occupied by Mrs Odumegwu-Ojukwu.
In a statement on Wednesday night, the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that until his nomination, Mr Enikanolaiye, from Kogi State, served as senior Special Assistant to the President on Foreign Affairs and International Relations.
He is a career diplomat with over three decades of service in Nigeria’s foreign service.
He has previously served as permanent secretary in the Ministry of Foreign Affairs and held diplomatic postings in Addis Ababa, Ethiopia, Belgrade, Ottawa, London and New Delhi.
President Tinubu said the appointments are part of efforts to strengthen Nigeria’s foreign policy architecture, improve efficiency and deepen global engagement.
He urged the appointees to promote Nigeria’s national interest, advance economic diplomacy, strengthen regional stability and ensure the welfare of Nigerians abroad.
“The President noted that these appointments are part of ongoing efforts to reposition Nigeria’s foreign policy architecture for greater efficiency, strategic engagement, and stronger global partnerships,” the statement read.
Recent ministerial changes under President Tinubu reflect a cautious but deliberate attempt to recalibrate governance and strengthen economic management. In a minor cabinet reshuffle approved in April 2026, key portfolios were affected, most notably the removal of Finance Minister, Mr Wale Edun; and the Housing Minister, Mr Ahmed Musa Dangiwa.
Their exits paved the way for new appointments, including the elevation of Mr Taiwo Oyedele to oversee the critical finance ministry, a move widely interpreted as an effort to inject fresh direction into the country’s economic policy framework.
Beyond the cabinet reshuffle, the administration has also undertaken broader leadership adjustments across strategic sectors, particularly in energy and regulation, signalling a pattern of continuous review within government ranks, including the replacement of Mr Saidu Mohammed with Mr Rabiu Umar as the chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Jobs/Appointments
Tinubu Sacks Saidu Mohammed, Appoints Dangote Cement’s Rabiu Umar as NMDPRA CEO
By Adedapo Adesanya
President Bola Tinubu has nominated Mr Rabiu Abdullahi Umar as the new chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), replacing Mr Saidu Mohammed.
This decision follows ongoing efforts to restructure the regulatory framework of Nigeria’s midstream and downstream oil sector.
The appointment was announced by Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, with the nomination subject to Senate confirmation.
The NMDPRA is responsible for the technical and commercial regulation of petroleum operations, including gas processing, transportation, and retail.
Mr Abdullahi, until his appointment, was the Group Sales and Marketing Director at Dangote Cement, part of the Dangote Group, which has interests in food, cement, energy, and other ventures.
He started his career in Oando Plc and rapidly rose to hold different management roles within the marketing business, and led the Sales and Marketing Transformation plan successfully.
In 2014, he moved to Lafarge Africa as the Energy and Power Director and subsequently managed the Strategy and Business Development portfolio for West Africa, where he led the development and execution of critical projects within Nigeria, Ghana and Cameroon. In 2016, he became the Managing Director/Chief Executive Officer of Ashaka Cement Plc and spearheaded the turnaround of the business until his departure in 2019 to join Dangote Industries Ltd as Group Chief Commercial Officer.
A graduate of Accounting from Bayero University, Kano and an Alumnus of Harvard Business School. He is also a member of the Institute of Directors.
According to the Presidency, Mr Abdullahi’s appointment was made pursuant to the Petroleum Industry Act 2021, aimed at strengthening regulatory effectiveness in the midstream and downstream petroleum sector, in line with the Renewed Hope Agenda.
Pending Senate confirmation of the new nominee, the most senior official of the NMDPRA will oversee operations in an acting capacity.
“President Tinubu thanks the outgoing Authority Chief Executive for his service and wishes him well in his future endeavours.
“The President remains committed to ensuring capable leadership in key regulatory institutions to advance energy security, sector reform, and sustainable economic growth,” the statement added.
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