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 Modupe Gbadeyanka
The former Governor of Ekiti State, Mr Ayodele Fayose, has been appointed by President Bola Tinubu as the chairman of the Rural Electrification Agency (REA), with immediate effect.
A statement signed by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, on Monday night said Mr Tinubu also made 25 other new appointments into 10 federal government agencies and commissions.
Also appointed was Major General Junaid Bindawa as chairman of the National Salary and Wages Commission.
On the board of REA are Mr Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta as members and non-executive directors. The incumbent DG of the agency, Abba Abubakar Aliyu, and three executive directors previously appointed make up the remaining board members.
President Tinubu made eight other appointments to the Wages Commission, along with Mr Bindawa. Former member of the House of Representatives from Lagos, Olajumoke Okoya-Thomas, is the new secretary of the commission. Dr Ogbole Ene Lilian, Oladele Olatubosun, and Yakubu Umar Barde, representing Benue, Oyo and Kaduna, were appointed as commissioners.
Dr Mai Adamu Yau, from Borno, Ginika Florence Tor (Enugu), Engineer Lawrence Okoh (Edo) and Bello Morenike Iyabode (Kogi) were appointed as members of the commission.
Tosin Johnson Adeyanju, who was previously appointed as the Executive Secretary of the National Lottery Trust Fund (NLTF), has now been moved to the Revenue Mobilisation and Fiscal Commission as Secretary.
Mr Tinubu also appointed Dr Abuh Mohammed as the DG of the National Population Commission, Dr Akinola Odeyemi as Managing Director of the Nigerian Bulk Electricity Trading (NBET), and Dr Anthony Inalegwu Godwin as chairman/CEO of the Nigeria Atomic Energy Commission. Engineer Julius Oloro, a former council chairman, is the new CEO of the Kwara-based National Centre for Agricultural Mechanisation (NCAM), replacing Dr A.R. Kamal, who died last January.
The President constituted the board of the Fiscal Responsibility Commission, with Dr Abdullahi Maikano Saidu as chairman. Members include Mohammed Asmau, Mohammed Aliyu Makama, Dr Suleiman Gidado, Louis O. Ndukwe, Amaechi Ugwele and Olaniyi Idowu Onikola.
Shuni Muhammad Dahiru is the new executive secretary of the National Commission for Mass Literacy, Adult and Non-Formal Education, replacing Professor Shu’aibu Shehu Aliyu, who was reassigned to the Petroleum Trust Development Fund (PTDF) in April.
To replace Mathias Byuan, the former executive director, finance of the Federal Housing Authority, who resigned to contest the governorship election in Benue, President Tinubu named Gisaor Vincent Iorja. The new occupier of the position is an economist, legal scholar, and academic currently serving as the secretary of the Benue State Independent Electoral Commission (BSIEC).
By Aduragbemi Omiyale
In line with the 12-year tenure prescribed for non-executive directors of banks by the Central Bank of Nigeria (CBN), Mr Tony Elumelu will on August 21, 2026, cease to be chairman of United Bank for Africa (UBA) Plc.
The board of the financial institution at its meeting on July 6, 2026, has elected Mr Emmanuel Nnorom as the new chairman.
In a notice to the Nigerian Exchange (NGX) Limited, the lender said Mr Elumelu’s successor, a non-executive director of the company, will assume the new role on August 21, 2026.
Mr Nnorom is a chartered accountant with over 40 years of experience in banking, finance and audit. He brings to the role extensive leadership experience and deep institutional knowledge of UBA.
“I am honoured by the trust the Board has placed in me and deeply conscious of the legacy I inherit.
“I look forward to working with my colleagues on the board, management and our staff across all our markets to sustain UBA’s momentum and continue delivering long-term value to our shareholders, customers and stakeholders,” Mr Nnorom stated.
Commenting on his retirement, Mr Elumelu said, “Serving United Bank for Africa has been one of the great privileges of my career.
“UBA has a unique competitive position, across Africa and globally, and I leave the Board with great confidence in UBA’s future.
“Emmanuel Nnorom is a leader of integrity, experience and sound judgement, and I am confident that the Bank will continue to thrive under his leadership.”
The board thanked him for his visionary leadership and exceptional contribution to the growth, transformation and institutional strength of the UBA Group.
By Adedapo Adesanya
WACT-APM Terminals Nigeria has announced the appointment of Mr Courage Obadagbonyi as Managing Director, effective July 1, 2026, succeeding Mr Jeethu Jose and becoming the first Nigerian to hold the post.
The appointment reflects the organisation’s continued focus on developing strong leadership from within its global talent pool while ensuring sustained growth and operational excellence.
A seasoned executive with more than two decades of international experience, Mr Obadagbonyi has held leadership roles across finance, operations and general management at leading global organisations, including APM Terminals, General Electric and Lafarge.
Prior to this appointment, he served as Chief Financial Officer (CFO) for the APM Terminals Nigeria cluster, with responsibility for financial strategy across Nigeria and San Pedro, Côte d’Ivoire.
He also served in an acting capacity as Managing Director of APM Terminals Apapa between 2025 and March 2026, further strengthening his operational leadership experience.
With experience spanning sectors such as oil and gas, power generation, logistics and healthcare, Mr Obadagbonyi brings deep expertise in financial management, risk optimisation and business performance.
Speaking on his appointment, he said, “I look forward to building on the strong foundation already in place at WACT. The terminal plays a critical role in connecting businesses in Eastern Nigeria to global markets, and we will continue to focus on safe, reliable and efficient operations.”
On his part, the Chief Executive Officer of APM Terminals Nigeria, Mr Frederik Klinke, noted that the appointment reflects the company’s commitment to leadership development and long-term growth.
“Across APM Terminals globally, we see strong collaboration and talent development across our teams. This appointment reflects the depth of experience within our organisation and our continued focus on building capabilities that support sustainable growth. Nigerians have continued to distinguish themselves through exceptional performance and leadership. Colleagues from our Apapa and Onne terminals have contributed their expertise internationally while also bringing back valuable best practices to strengthen operations in Nigeria.”
He added that Mr Obadagbonyi’s experience would support the next phase of operational excellence and value delivery at WACT.
The outgoing MD, Mr Jose, said, “It has been a privilege to lead WACT-APM Terminals Nigeria during a period of meaningful progress. The team has built a strong platform for the future, and I am confident in the continued success of the organisation.”
West Africa Container Terminal (WACT)-APM Terminals in Onne, Rivers State, is one of Nigeria’s leading container terminals, having commenced commercial operations in 2006.
The company has continued to invest in capacity expansion and modernisation, including a $115 million terminal upgrade project launched in 2020. The upgrade also includes the deployment of reefer racks with a 600-plug capacity, as well as the expansion of the existing yard, a new workshop, a new terminal auto gate, modernised offices and state-of-the-art technology. These investments have enhanced efficiency, strengthened service delivery and reinforced WACT’s role as an important gateway for trade beyond Lagos.
