Jobs/Appointments
Tether Makes Management Changes to Drive Full Audit, Transparency Focus
By Adedapo Adesanya
Tether, the pioneer of the stablecoin industry and issuer of USD₮, has announced the appointment of Mr Simon McWilliams as Chief Financial Officer (CFO) as the company takes a historic step toward a full financial audit.
The latest move will also see Mr Giancarlo Devasini, the visionary behind USD₮, transition from CFO to Chairman of the Group.
Mr McWilliams, a seasoned finance executive with over 20 years of experience leading large investment management firms through rigorous audits, will spearhead Tether’s further commitment to transparency and regulatory readiness.
With the appointment of Mr McWilliams, Tether is making a firm commitment to completing a full audit, a crucial step in raising industry standards and strengthening regulatory engagement.
Tether has already set the benchmark for stablecoin transparency through quarterly attestations with BDO, the top five leading global independent accounting firm, a full audit will ensure greater financial integrity and verification of reserves.
The audit is a crucial step in Tether’s broader strategy to expand across the institutional financial system. Over the past several months, Tether has been preparing for these moves, underscoring its commitment to transparency and regulatory engagement.
As part of its global expansion, the company recently relocated to El Salvador after securing a Digital Asset Service Provider (DASP) license.
“These developments reinforce Tether’s operational foundation and position it for future growth. As policymakers and institutions assess the evolving role of stablecoins, Tether is positioning itself as a trusted partner in strengthening the global reach of the U.S. dollar,” it said it a statement shared with Business Post on Monday.
Speaking on the latest move, Mr Paolo Ardoino, CEO of Tether, said, “Simon’s expertise in financial audits makes him the perfect CFO to lead Tether into this new era of transparency.
“With his leadership, we are moving decisively toward a full audit, reinforcing our role in supporting U.S. financial strength and expanding institutional engagement.”
For Mr Devasini, in his new role, he will focus on macroeconomic strategy, guiding Tether as it continues to support the US financial system while advancing digital asset adoption globally.
“We are profoundly grateful for Giancarlo’s unwavering dedication, groundbreaking innovation, and inspiring leadership,” said Mr Ardoino. “His visionary approach has been pivotal in shaping Tether into the industry leader it is today. As he steps into his new role as Chairman, we are confident that his strategic insight will continue to drive the company’s long-term vision and success.”
Tether, founded in 2014, is the company that created stablecoin technology, which now powers a $220 billion industry and is of strategic interest to several institutions and governments, including the US.
Tether is now the 18th largest holder of US government debt, with over $113 billion in US Treasury holdings, it has surpassed major economies such as Germany and the United Arab Emirates (UAE).
By Modupe Gbadeyanka
Lagos Television (LTV 8), Alausa, Ikeja, has a new General Manager, and he is Mr Kayode Oyekanmi, replacing Mrs Sola Kosoko, who was ousted by the Lagos State government.
Mr Oyekanmi was presented with his letter of appointment on Wednesday, May 13, 2026, by the Lagos State Head of Service, Mr Bode Agoro, in a brief ceremony.
The new General Manager of the state-owned broadcast station was tasked with using his vast experience in the media space to take LTV 8 to greater heights.
Mr Agoro expressed confidence in Mr Oyekanmi’s capacity to reposition Lagos Television and wished him a successful and impactful tenure of office.
Prior to his appointment, Mr Oyekanmi served as the Director of Strategy Centre at the Lagos State Ministry of Information and Strategy, a position he has held since 2022.
A seasoned brand communications practitioner, Mr Oyekanmi has over three decades of professional experience spanning both the private and public sectors, with expertise in Advertising, Public Relations, and global export services.
He commenced his public service career as a Public Affairs Practitioner on March 1, 2000, with the Lagos State Ministry of Information and Strategy.
The new LTV boss, a Lagos State indigene from Isale Eko, Lagos Island, has received several awards in recognition of his dedication, hard work, and commitment to the journalism profession.
He holds a Master’s degree in Public Administration (MPA) from the University of Lagos and a Bachelor’s degree in English Language and Education from Lagos State University.
He is an active Member of the Nigeria Union of Journalists (NUJ) and the Nigerian Institute of Public Relations (NIPR).
In addition, he is a voracious reader and a passionate lawn tennis player, and currently serves as the Charter President of the Lagos State Ministry of Information Toastmasters Club.
By Modupe Gbadeyanka
A retired Major-General, Mr Adeyinka Famadewa, has been appointed as the Special Adviser to President Bola Tinubu on Homeland Security.
The appointee retired from the military after over three decades, with experience in national security strategy, intelligence fusion, counter-terrorism operations, and international security diplomacy.
His career reflects a rare blend of operational excellence, strategic foresight, and institutional leadership in safeguarding Nigeria’s territorial integrity and national interests, a circular signed by the Secretary to the Government of the Federation (SGF), Mr George Akume, said.
It was disclosed that Mr Famadewa was chosen for the position because of his exceptional record of service, strategic expertise, and outstanding contributions to Nigeria’s national security architecture.
The notice said the appointment underscores the commitment of the administration of Mr Tinubu to strengthening internal security coordination, enhancing intelligence-driven operations, and deepening inter-agency collaboration in addressing emerging security threats across the country.
The President expressed confidence that Mr Famadewa’s appointment will further enhance the government’s efforts toward achieving a safer and more secure Nigeria through improved coordination of homeland security initiatives, intelligence integration, and proactive risk management.
He also urged him to deploy his wealth of experience, professionalism, and strategic insight in advancing national security objectives and supporting the administration’s agenda.
By Aduragbemi Omiyale
In a bid to strengthen its board and support its transformation goals, FCMB Group Plc has appointed the chairman of the board of the Lagos State Employment Trust Fund (LSETF), Mrs Adepeju Adebajo, as an independent non-executive director.
A statement signed by the company secretary, Mrs Olufunmilayo Adelabu, disclosed that the appointment has been approved by the Central Bank of Nigeria (CBN).
She brings to the board over 30 years of experience across industry, renewable energy, agriculture, finance and consulting. She has worked with teams and clients in sub-Saharan Africa and Europe, helping them grow and multiply impact.
Throughout her career, Mrs Adebajo has led teams through change and growth. She previously worked at Lafarge Africa Plc, and was once the chief executive of Mouka Limited, Lumos Nigeria, UTC Nigeria Plc and an Assistant General Manager at United Bank for Africa (UBA) Plc. She is a Transformation Lead at Etex Group (Nigerite and Emenite Limited).
In 2025, she founded Climate Governance Initiative Nigeria, affiliated with the World Economic Forum (WEF) and serves on the World Economic Forum Council on Climate and Nature Governance (2025-2027).
Mrs Adebajo holds a Master’s and a BSc in Chemical Engineering from Imperial College London and an MBA from Harvard Business School.
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