Yusuf Retires as LCCI DG, Chinyere Almona Takes Over
By Aduragbemi Omiyale
Mr Muda Yusuf has retired as the Director-General of the Lagos Chamber of Commerce and Industry (LCCI).
He bowed out after spending 24 years in the organisation and 13 years as its DG. He has been replaced by Ms Chinyere Almona with effect from Thursday, July 1, 2021.
President of the LCCI, Mrs Toki Mabogunje, in a statement yesterday said the new DG will further transform and reposition the chamber in this season of the new normal and enable it to maintain its position as a leading voice of the organised private sector.
Ms Almona brings in about 30 year-experience in diverse areas as she had previously led the Africa Corporate Governance Programme of the International Finance Corporation (IFC), which provided a wide range of corporate governance reforms across 13 African countries.
Meanwhile, Mrs Mabogunje has praised Mr Yusuf for transforming the chamber, describing him as a respected public commentator on macroeconomic issues, regulatory environment, economic reforms, policy and institutional reforms, trade policy issues and investment climate matters.
“He has led numerous policy reform and engagement sessions on the business environment, investment climate issues and the ease of doing business in Nigeria.
“Indeed, Dr Muda Yusuf will surely be missed by staff, members of the chamber, partners, collaborators, the diplomatic community and stakeholders in the media space for his sound economic and analytical prowess, which has contributed immensely to the effectiveness of public policy advocacy and the development of the Nigerian economy,” she said.
“We believe that, though he has retired from the Lagos Chamber of Commerce and Industry, he is definitely not tired of contributing his quota to the prosperity of Nigeria, as the economic powerhouse of the African continent.
“We shall continue to benefit from his expertise as he moves to the next stage of his endeavours,” the chamber’s president further stated.
Tinubu Chooses Gbajabiamila as Chief of Staff, Akume as SGF
By Modupe Gbadeyanka
The Speaker of the House of Representatives, Mr Femi Gbajabiamila, has been appointed as the Chief of Staff to President Bola Tinubu.
Mr Gbajabiamila won his re-election into the lower chamber of the National Assembly on February 25, 2023, but with this appointment, he will have to lose his seat in the parliament to coordinate the activities of his new boss.
Also, Mr Tinubu has picked the former Governor of Benue State, Mr George Akume, as the new Secretary to Government of the Federation (SGF).
He is take over from the former occupier of the position, Mr Boss Mustapha, who served under the administration of the immediate past President, Mr Muhammadu Buhari.
Similarly, the former Deputy Governor of Jigawa State, Mr Ibrahim Hassan Hadejia, has been chosen by Mr Tinubu as his Deputy Chief of Staff.
Paxful Announces Roshan Dharia as Interim CEO
By Modupe Gbadeyanka
Mr Roshan Dharia has been appointed as the interim chief executive of Paxful, a leading global peer-to-peer Bitcoin platform.
In a statement issued by the company’s press team, it was disclosed that the appointment of Mr Dharia became effective on Wednesday, May 31, 2023.
Recall that Paxful returned to business some weeks ago after it shut down its operations due to internal issues.
Mr Dharia would be expected to reposition the firm “with the objectives of strengthening operations and exploring strategic alternatives.”
He was most recently a senior executive at TrustToken (now known as Archblock) where he led the DeFi institutional lending business, successfully deploying over $1.5 billion in stablecoin loans to crypto-native companies.
Prior to TrustToken, Roshan founded and built the investment platform PTHL Affiliates, which specialized in the acquisition and turnaround of distressed private companies across multiple industries.
As a seasoned executive, he has held various positions as an investor and investment banker with transactional experience totalling over $30 billion across mergers and acquisitions, financial restructurings, and financings.
The interim CEO, who is highly adept in navigating special situations with complex risk profiles and significant intrinsic value, said he was greatly honoured “to become CEO of Paxful.”
“Over the last eight years, Paxful has been a pioneer in establishing the real use cases of Bitcoin and helping millions of people in the process.
“I look forward to hitting the ground running and building on the innovative technology developed by the Paxful team,” he added.
The Custodian of Paxful, Srinivas Raju, while commenting on the appointment, said, “I’m delighted that Roshan has joined Paxful and will take over day-to-day management of the company. I’m confident under his leadership; the business will keep building a financial system that truly serves the 100 per cent.”
Since its inception in 2015, Paxful has grown to a community of over 12 million users around the world, with billions of dollars traded on the platform over the last eight years.
Abidemi Ademola Leaves Unilever Nigeria Board
By Dipo Olowookere
An Executive Director of Unilever Nigeria Plc, Mrs Abidemi Ademola, has resigned from the board of the conglomerate.
In a notice to the Nigerian Exchange (NGX) Limited on Tuesday, it was disclosed that she would officially exit the board of the organisation on May 31, 2023.
In the statement signed by the Senior Legal Counsel and Company Secretary of Unilever Nigeria, Mrs Afolasade Olowe, the board thanked Mrs Ademola for her service to the firm, wishing her well in her future endeavours.
“This is to notify Nigerian Exchange Limited and the investing public that the Board of Directors of Unilever Nigeria Plc has considered and approved the resignation of Mrs Abidemi Ademola as an Executive Director with effect from May 31, 2023.
The Board of Directors wishes Mrs Ademola all the very best in her future career and would like to express their sincere gratitude to her for the many valuable contributions and legal expertise she brought to the company over a distinguished 27-year career at Unilever.
“Mrs Ademola’s replacement on the Board of Directors of Unilever Nigeria will be announced in due course,” the disclosure said.
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