Jobs/Appointments
Stanbic IBTC Reshuffles Team for Strategic Growth Sustenance
By Modupe Gbadeyanka
As part of strategic positioning to sustain its growth trajectory through skills rotation, Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced appointments and changes in some senior management positions in some of its subsidiaries.
In a statement signed by its scribe, Chidi Okezie, it was disclosed that Mr Wole Adeniyi, who until recently was the Executive Director in charge of Operations at Stanbic IBTC Bank, has been appointed Executive Director in charge of Personal and Business Banking at Stanbic IBTC Bank.
This followed the appointment of Mr Babatunde Macaulay, the erstwhile Executive Director, as Regional Head, Personal and Business Banking for Standard Bank West Africa, based in Johannesburg, South Africa.
Also, the Chief Executive, Stanbic IBTC Asset Management Limited, Mrs Bunmi Dayo-Olagunju, assumes a new role as Deputy Head, Operations, Stanbic IBTC Bank.
According to the Chief Executive Officer of Stanbic IBTC Holdings Plc, Mr Yinka Sanni, “These appointments are expected to strengthen our executive management by enhancing efficiency and competitiveness, as we continue the process of building Nigeria’s foremost end-to-end financial solutions provider with distinctive edge across the various market segments.”
“The new appointees bring a deep blend of expertise, experience and enthusiasm, which will be instrumental in driving further growth in the medium and long terms,” he added.
In affirming the Standard Bank Group’s determination to build first-class, on-the-ground operations across Africa, Mr Sanni said Stanbic IBTC would continuously invest in training and retraining of employees to ensure a professionally-driven workforce with a pool of requisite skills and talent to deliver optimal customer value.
“These appointments demonstrate our focus on growth opportunities for our people, support for individual career development and capacity building for a sustainable business,” Mr Sanni said.
As Executive Director, Personal and Business Banking, Mr Adeniyi will provide strategic lead to help consolidate, sustain and accelerate its strategy, especially within the retail banking ecosystem where the bank has witnessed significant growth in the last couple of years through its investment in digitization, youth focus and customer centric approach.
Mr Adeniyi has over 25 years’ banking experience, spanning, Treasury Operations, International Trade, Business Operations and Banking Operations.
Before his latest appointment as the Executive Director Operations, he was responsible for leading various strategic projects for Stanbic IBTC group, including the Core Banking projects (versions 1 & 2), repositioning overall business operations towards the necessary customer focus, agility and automation required to improve overall corporate efficiency.
Similarly, Mrs Binta Max-Gbinije has been named Head, Commercial Banking and Public Sector Group, Stanbic IBTC Bank; Mr Babatunde Akindele as Zonal Head, Lagos Island, Stanbic IBTC Bank: Mrs Nike Bajomo was appointed to Executive Director, Business Development, Stanbic IBTC Pension Managers Limited, while Ms Olusola Carrena and Mrs Oyinda Akinyemi were appointed Executive Directors of Stanbic IBTC Capital.
According to the statement, regulatory approvals have been secured for all the appointment.
Prior to her appointment, Mrs Max-Gbinije, was the Chief Executive, Stanbic IBTC Trustees. She was Head of Expert Banking in Stanbic IBTC and pioneered the team that is the bedrock of the bank’s Commercial Banking today before her move to wealth to start up Stanbic IBTC Trustees Limited, a subsidiary of the Group.
On her part, Mrs Bajomo has over 20 years post-graduation experience in different industry sectors including Financial Services and Information Technology.
She joined the company in 2008 as the Head of Business Development department and has since led the department through several transformational growth strategies.
Prior to her joining Stanbic IBTC in 2008, she was Head of Sales and Marketing at Pensions Alliance Limited. Her hands-on experience and sterling track record in business development and client service will definitely be instrumental in helping the business maintain its standing as Nigeria’s biggest pension fund administrator, even as the current growth rate in operations is further strengthened.
Ms Carrena joined Stanbic IBTC in May 2012 as a manager in the Financial Advisory team within Investment Banking and was appointed Head of Financial Advisory in 2014. She has 17 years’ experience spanning Financial Advisory, Private Equity and Business Operations, while Mrs Akinyemi joined the legacy Investment Banking & Trust Company (IBTC) in 2001 and rose through the ranks in the Corporate Finance team previously serving as Head, Financial Advisory before assuming her current position of Head, Equity Capital Markets in 2009.
As Executive Directors of Stanbic IBTC Capital, Ms Carrena and Mrs Akinyemi will bring to bear an unmatched combination of wealth of experience and sterling track records in their new positions.
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.”
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.
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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