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Unity Bank Appoints Mohammed Shehu as Secretary

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By Modupe Gbadeyanka

Mr Mohammed Shehu has been appointed as the new Secretary of Unity Bank Plc.

A statement issued by the financial firm disclosed that the appointment, affirmed during a meeting of the Board of Directors on February 24, 2017, was in line with the succession plan of the institution.

Unity Bank said Mr Shehu is a lawyer with diversified experience spanning banking, financial services and regulatory environment. He holds an LLB degree from the Bayero University, Kano and was called to the Nigerian Bar in 1996 and subsequently obtained a Masters degree in International Affairs and Diplomacy from Ahmadu Bello University, Zaria.

He is a member of The Nigerian Bar Association and The Institute of Chartered Economists of Nigeria.

He has successfully plied his profession in multi-disciplinary fields that involved litigation and Company Secretariat activities.

The appointee began his career in 1997 as a Legal Officer in Nigeria Deposit Insurance Corporation where he coordinated amongst other things, cases of the corporation pending at the Failed Bank’s Tribunal.

Later same year and up until May 2001, he practiced as a counsel where he was actively involved in matters of debt recovery and prosecution of cases in the law firms of EI-Thayyib & Co in Kano and Suleiman D. Lere & Co in Kaduna.

He later joined NUB International Bank Limited in 2001 as Legal Officer and rose to become the Assistant Company Secretary/Legal Adviser.

In January 2006, following the banking consolidation exercise, NUB International Bank Ltd merged with three other entities to form First Inland Bank Plc (which later rebranded as FinBank PIc) and currently FCMB Plc.

Mr Shehu has held important positions in the banking industry and the Financial Services Sector. He was at various times Acting Group Head Zonal Legal Coordination and Security Liaison (FinBank Plc), Acting Group Head, Legal (FinBankPlc), Company Secretary/Legal Adviser FinInsurance Ltd (the then Finbank/FCMB Subsidiary).

He was also Acting Company Secretary FinHomes Ltd (a Subsidiary of erstwhile FinBank). Before leaving FCMB in October 2014, he was Head, Legal Unit-FCT/North.

He joined Unity Bank Plc in November 2014 as Deputy Company Secretary.

Mr Shehu has benefited from numerous training programs, courses, seminars, workshops and conferences, including but not limited to law, banking, capital markets and strategic management and leadership.

They include Anti Money-Laundering and Drug Abuse in Banks and Work Place, Securities and credit documentation in Banks, Contemporary Legal issues on Management of Banks and other Financial Institutions, National Workshop on Company Administration and Practice in Nigeria National Workshop on Arbitration, Creation and Realization of Security Interests in Bank Lending, Credit Appreciation Training, Balance Sheet Analysis Training, Company Secretaries Conference- Dubai, AML/CFT Compliance Statutory/Regulatory Annual Reports Disclosures Workshop – NSE, and Corporate Secretary Master Program – ICSAN/IFC.

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.

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Court Sanctions CHI Limited for Wrongful Employment Termination

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By Modupe Gbadeyanka

The termination of the employment of one Mr Bodunrin Akinsuroju by CHI Limited has been declared as unlawful by the National Industrial Court of Nigeria.

Delivering judgment on the matter, Justice Sanda Yelwa of the Lagos Judicial Division of the court held that the sacking of Mr Akinsuroju did not comply strictly with the provisions of the contract of employment and the Employee Handbook.

Consequently, the company was directed to pay him the sum of N2 million as general damages for wrongful termination and N200,000 as costs of action, while Mr Akinsuroju was ordered to return the company’s properties in his possession or pay their assessed market value.

Justice Yelwa found that the contract agreement between both parties clearly required either party to give 30 days’ notice or payment in lieu of notice after confirmation of appointment, and there was no evidence that the employee was given the required notice or paid salary in lieu of notice.

The judge held that failure to comply with this fundamental term amounted to a breach of the contract of employment, thereby rendering the termination wrongful.

Mr Akinsuroju had claimed that the allegation of misconduct against him was unfounded and not established, maintaining that the disciplinary committee proceedings were prejudicial and that the termination of his employment was without justifiable cause and without compliance with the agreed terms of his employment.

In defence, CHI Limited contended that it had the right to terminate the employment of Mr Akinsuroju and that the termination was lawful and in accordance with the contract of employment and the Code of Conduct.

In opposition, counsel to Mr Akinsuroju submitted that the alleged breaches were not proved and that the termination letter took immediate effect without the requisite 30 days’ notice or payment in lieu of notice as stipulated in the letter of appointment and the Employee Handbook, urging the court to hold that the termination was wrongful and to grant the reliefs sought.

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Tinubu Appoints Tunji Disu as Acting Inspector General of Police

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Tunji Disu

By Modupe Gbadeyanka

President Bola Tinubu on Tuesday appointed Mr Tunji Disu as the acting Inspector General of Police (IGP), following the resignation of Mr Kayode Egbetokun.

Mr Disu, an Assistant Inspector General of Police (AIG), was recently moved to the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos.

A statement today by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that the President would convene a meeting of the Nigeria Police Council shortly to formally consider the appointment of Mr Disu as substantive IGP, after which his name will be transmitted to the Senate for confirmation.

Mr Tinubu expressed confidence that Mr Disu’s experience, operational depth, and demonstrated leadership capacity would provide steady and focused direction for the Nigeria Police Force during this critical period.

He reiterated his administration’s unwavering commitment to enhancing national security, strengthening institutional capacity, and ensuring that the Nigeria Police Force remains professional, accountable, and fully equipped to discharge its constitutional responsibilities.

Mr Egbetokun was said to have resigned from the position due to pressing family considerations.

President Tinubu, who accepted the resignation letter, expressed his profound appreciation for Mr Egbetokun’s decades of distinguished service to the Nigeria Police Force and the nation. He acknowledged his dedication, professionalism, and steadfast commitment to strengthening internal security architecture during his tenure.

Appointed in June 2023, Mr Egbetokun was serving a four-year term scheduled to conclude in June 2027, in line with the amended provisions of the Police Act.

The statement disclosed that his replacement was in view of the current security challenges confronting the nation, and acting in accordance with extant laws and legal guidance.

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Tunji Disu to Become New IGP as Egbetokun Quits

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By Adedapo Adesanya

Mr Tunji Disu, an Assistant Inspector General of Police (AIG), has reportedly replaced Mr Kayode Egbetokun as the new Inspector General of Police (IGP).

Mr Egbetokun resigned from the position on Tuesday after he was said to have held a meeting with President Bola Tinubu on Monday night at the Presidential Villa in Abuja.

President Tinubu appointed Mr Egebtokun as the 22nd IGP on June 19, 2023, with his appointment confirmed by the Nigeria Police Council on October 31, 2023.

Appointed as IGP at the age of 58, Mr Egbetokun was due for retirement on September 4, 2024, upon reaching the mandatory age of 60, but his tenure was extended by the President, creating controversies, which trailed him until his exit from the force today.

Although the police authorities are yet to comment on the matter or issue an official statement about his resignation, the move came amid reports suggesting that Mr Egbetokun has left the position.

Mr Egbetokun’s tenure was marred by a series of controversies; he recently initiated multiple charges against activist Mr Omoyele Sowore and his publication, SaharaReporters, after Mr Sowore publicly described him as an “illegal IGP.”

The dispute escalated into protracted legal battles, with the Federal High Court issuing injunctions restricting further publications relating to the former police chief and members of his family. Critics interpreted these court actions as attempts to stifle dissent and weaken press freedom.

His replacement, Mr Disu, was posted to oversee the Force Criminal Investigation Department (FCID) Annex, Alagbon, Lagos, some days ago.

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