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Tinubu Appoints Two Directors for Bank of Industry

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Bank of Industry BoI MSMEs

By Modupe Gbadeyanka

President Bola Tinubu has appointed two directors for the Bank of Industry with effect from Monday, August 26, 2024, in a bid to further strengthen the lender established to support business owners.

A statement on Wednesday disclosed that Mr Tinubu approved the appointment of Mr Rotimi Akinde as the Executive Director for Corporate Finance and Risk Management, and Mrs Ifeoma Uz’Okpala as the Executive Director for Large Enterprises Directorate.

Mr Akinde is a finance professional with over 20 years of Investment and Corporate Banking experience and an extensive track record covering capital raising (Debt, Equities and Hybrids) as well as Corporate Finance (Mergers & Acquisitions, Privatization Advisory and Project Finance).

Before joining the Bank of Industry, he was an Associate Partner, Project & Corporate Finance at the Infrastructure Delivery International (IDI), where he worked on the UKNIAF programme and promoted green finance as well as structured debt solutions for sub-nationals.

He also worked previously as the Corporate Finance Advisor at the Nigeria Infrastructure Advisory Facility (NIAF), providing financing initiatives, modelling and funding structures on infrastructure.

He served within Corporate Banking as the Group Head & Assistant General Manager of Multinationals at UBA Plc, prior to which he was Vice President of Corporate Finance & Advisory at UBA Global Markets (now United Capital).

He was a Privatization Adviser & Head of Oil & Gas Team at the Bureau of Public Enterprises (BPE), where he closed on the divestiture and sale of the Federal Government’s equity interest in 11 Oil Services Companies and achieved the sale of all the Federal Government’s LPG assets.

He was an Assistant Manager at Leadbank Plc, within both the Investment and Corporate Banking Groups.

Prior to this, he had worked in the financial sector in the United Kingdom as an Investment Analyst with Barclays Funds, London and a stint as an Analyst with Merrill Lynch Investment Managers, London.

Mr Akinde holds a bachelor’s degree in Economics from the Obafemi Awolowo University, Ile-Ife; earned a Master’s Degree in International Securities, Investment & Banking from the University of Reading, UK and holds an Executive MBA from INSEAD.

On her part, Mrs Uz’Okpala joined BOI in September 2014 as Group Head of Large Enterprises Credit and later served as the Chief Risk Officer of the Bank before her appointment.

As Chief Risk Officer of the Bank, she played a crucial role in managing and mitigating risks associated with the bank’s operations, while also providing Environmental, Social, and Governance (ESG) risk support. She offered invaluable ESG support within transactions and provided the roadmap for attracting impact investments.

She is a seasoned Credit and Risk Management Professional, with a career spanning over 30 years in the financial sector.

Mrs Uz’Okpala commenced her career at the International Merchant Bank and progressed through key roles at MBC International, First Bank, Stanbic Bank, and UBA. Her versatile expertise includes Internal Audit, Corporate Finance, Credit Evaluation and Origination, Foreign Operations, and Risk Management.

She is an alumna of the University of Nigeria, where she attained a BSc. In Accountancy and a graduate of the prestigious Lagos Business School.

The appointee is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), an Honourary Senior Member (HCIB) of the Chartered Institute of Bankers of Nigeria and a Member of the Chartered Risk Management Institute.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Jobs/Appointments

NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers

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NMDPRA fee regulations

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.”

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Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director

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Nnoli Akpedeye

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.

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Geregu Power Chooses Sean Manley as Interim CEO

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Geregu Power

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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