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Third Editor of Business Day in Five Years Patrick Atuanya Resigns

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Patrick Atuanya Business Day

By Dipo Olowookere

Mr Patrick Atuanya, the Editor of Business Day Newspaper, has resigned from the foremost business news platform, the third to leave in five years.

Mr Atuanya was appointed to the position in January 2019 after the exit of Mr Anthony Osae-Brown in December 2018. Mr Osae-Brown left the company to join Bloomberg as its Bureau Chief.

The appointment of Mr Atuanya as the Editor of Business Day was applauded by many financial journalists because of his experience on the job and it was believed that he would take the media platform to higher enviable heights.

However, his resignation and the reason he claimed led to his exit from Business Day has left many to open their mouths wide open, giving particles easy access.

The respected financial analysts announced his resignation from the company through a post on the WhatsApp group comprising members of staff of the company.

He alleged that things are not going well with the organisation and that efforts to right the wrongs have been frustrated by some powerful persons.

In his message titled Parting Shot, Mr Atuanya alleged that the editorial team was not given a conducive environment to work, adding that most of them work in fear.

“I have today resigned as the Editor of BusinessDay.

“I began crafting this letter to my editorial staff months ago, however, because I believe in the end that the spirit of #EndSARS which is a fight against injustice, corruption and an older generation who relishes putting their feet on the neck of the young, must compel me to let our young reporters know a few truths.

“I have been here 9 years (since January 2012), in that time I have helped to build up BusinessDay into the brand that it is today.

“Whether as, Head of the Analyst Desk, Chief Economist, Companies and Markets Editor, News Editor and finally Editor,” he said.

“Let it be known that no other editor in Nigeria will take the constant harassment bothering on disrespect I receive from you The Publisher.

“As Editor, I am expected to run around chasing digital subscribers, what happened to the Customer Acquisition Specialist hired and paid big sums of money monthly?

“The Publisher will disrespect me the Editor in the midst of my juniors and subordinate’s and thinks he is scoring points not knowing he is damaging the company as most people don’t expect that kind of behaviour from a so-called Publisher,” he added.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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Jobs/Appointments

NW Tech Capital Appoints Stella Damasus to Help Boost African Expansion

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nw tech capital Stella Damasus

By Adedapo Adesanya

Nigerian veteran actor and singer, Stella Damasus, has been appointed as the lead Consultant for talent acquisition of Las Vegas-based company, NW Tech Capital (NWTT) Beauty and Wellness division in its African expedition.

In a statement, the company said, “NW Tech Capital and TROPICSLAB is pleased to announce that award-winning Nollywood celebrity Stella Damasus, has joined us, as lead Consultant for talent acquisition of the company’s Beauty and Wellness division in its African expedition.”

It was disclosed that she will be tasked with the responsibility to expand the company’s tentacles by acquiring the best talents to fulfil the vision of establishing a flurry of high-end celebrity cosmetic brands across Africa.

NW Tech Capital, a publicly traded diversified holding company that was founded in 1996, is actively involved in the acquisition and investment of small, mid-size, and development-stage private businesses in varied industries.

Based on Tropicslab’s clinically tested formula, over the next five years, NWTT projects to invest at least $100,000,000 in Africa, in Skincare research and development, manufacturing, distribution, and marketing, to generate substantial revenue for our shareholders and to help combat skin cancer for people of colour.

Speaking on the projection, NWTT CEO Mr Cedric Yengo said – “Stella brings with her a wealth of experience and refined skill in talent acquisition that is almost unparalleled in today’s market.

“With her extensive connections in the industry and her acumen for strategic alliances, we believe that Stella will help us to position ourselves as the premier Beauty and Wellness Company, in the nearest future”.

According to Ms Edith Delight CEO of Tropicslab, “The Task Force led by Stella Damasus will begin accepting applications from celebrities immediately, for the creation of high-end celebrity cosmetic brands”.

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Orazulike Joins Ecobank Nigeria Board as Non-Executive Director

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Nnaeto Orazulike

By Modupe Gbadeyanka

A seasoned business magnate, corporate administrator and philanthropist, Mr Nnaeto Orazulike, has been appointed to the board of Ecobank Nigeria Limited as a non-executive director.

A statement from the financial institution disclosed that the appointment of the founder and Group Managing Director of Genesis Group took effect from April 2022.

Genesis Group is a Nigerian conglomerate with interests in restaurants, cinemas, hotels, food production and oil & gas services and production.

The businessman would be expected to the board his wealth of experience from similar positions in the past as he had previously served on the board of Fidelity Bank Plc between 2008 and 2017.

He is the National Chairman of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture Trade Group on Tourism and Hospitality. He also currently sits on the boards of various companies and organizations including Shelf Drilling Nigeria, West African Metal Processing Co. Ltd., Fate Foundation, and Spiritan University, Nnochi Imo State.

Mr Orazulike is a graduate of the University of Nigeria with a Bachelor of Science in Accounting degree and an alumnus of Harvard Business School, Executive Training Program. He was also awarded the prestigious Honorary Doctor of Science degree by the University of Port Harcourt in 2015

It was stated that he was picked for this position because he has distinguished himself as a leader in his various endeavours, pioneering and promoting professions through the growth of indigenous talents in Nigeria and beyond.

It was said that the appointee embodies the pan-African vision of the bank and brings with him the wealth of experience, professionalism, and integrity which has earned him national and international acclaim.

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Adewale Oyerinde Takes Over as New NECA DG

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Adewale Oyerinde

By Adedapo Adesanya

The Nigeria Employers’ Consultative Association (NECA) has appointed Mr Adewale Oyerinde as the Director-General of the association, effective on Monday, August 1, 2022.

NECA’s President, Mr Taiwo Adeniyi, made this known in a statement on Sunday in Lagos.

The position of Director-General became vacant following the demise of late Dr Timothy Olawale in September 2021.

Mr Adeniyi said that Mr Oyerinde was expected to build on the legacies of professionalism and excellent service that the association was known for and take it to greater heights.

Prior to his ascension, Mr Oyerinde was the Deputy Director and Head of Membership Services of the association.

Mr Oyerinde joined NECA in 2010 and has worked in various capacities in the Social, Economic and Labour Affairs Department and also the Learning and Development Department of the association.

He has over 16 years of experience in Industrial and Human Resources (HR), Business Development, Stakeholders Management and key areas of Employers’ Federation/Business Membership Organisation Management.

Mr Oyerinde, according to the statement, is an HR thought-leader and International Labour Organisation (ILO) trained Master Trainer

He is also a United Nations Industrial Development Organisation-trained ISO 9001:2015 (Quality Management System), ISO 1400:2015 Lead Auditor.

Mr Oyerinde holds a Bachelor’s and Master’s degree in Industrial Relations and Personnel Management from the University of Lagos. He is an alumnus of the International Training Centre of the ILO and a full member of the Chartered Institute of Personnel Management (CIPM), among others.

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