Jobs/Appointments
Zedcrest Capital Charts New Growth Strategy, Appoints Directors
By Modupe Gbadeyanka
Leading capital management firm in Nigeria, Zedcrest Capital Group, has announced the appointments of Mr Babatunde Sanda and Ms Stella Duru to its Board of Directors, with immediate effect as part of its corporate governance strategy and business expansion drive.
According to the company’s Group Managing Director, Mr Adedayo Amzat, the organisation is charting a new growth strategy targeted primarily at the retail opportunities in the market with the aim of creating more wealth for its clients.
“After operating in the market for over five years, the time has come to deepen our market penetration. Our Fixed Income and Currencies (FICC) operations have been primarily driven by a focus on wholesale dealing and brokerage to foreign portfolio investors, local pension fund administrators, asset managers and banks.
“We have identified High Net-worth Individuals (HNIs) and the retail space as new areas of focus and expansion for our business.
“To this end, we will be unveiling bespoke fixed income and wealth management solutions for the HNIs and retail markets through our newly licensed Asset Management subsidiary (Zedcrest Investment Managers) while we continue to serve our wholesale customers through ZedCap Partners, our SEC licensed inter-dealer brokerage business,” said Mr Amzat.
“With the newly crafted growth strategy, we are strengthening our board with successful professionals with diverse competencies who will guide the company through the next chapter of its growth trajectory,” added Mr Amzat.
Since its establishment in 2013, Zedcrest Capital has steadily grown to become one of the most sought-after securities dealing and proprietary investment firms in Nigeria.
Also commenting on the appointments, the pioneer and out-going Chairman of the company, Mr Abiola Aderounmu, commended the management of Zedcrest Capital Group for its well acclaimed achievements in the financial markets.
Mr Babatunde Sanda has over 36 years cognate experience with over 18 years experience in Auditing and Consulting, spanning three of the biggest international professional firms namely Coopers & Lybrand, Ernst & Whinney and PriceWaterHouse where he rose to the position of Senior Consultant in 1990. He retired as a Senior Partner of EY in December 2016. He is now into Economic, business and financial consulting.
His banking career started in 1991 and he rose to the position of Executive Director, Finance in 1998 at Wema Bank Plc and was Managing Director in 2000 of Banque International du Benin, Cotonou -a universal bank in Cotonou, Benin Republic. He was appointed by the Central Bank of Nigeria (CBN) in 2006 to serve as Director of Societe General Bank of Nigeria Ltd (while in holding action).
Mr Sanda holds an honours degree in Business Administration from the University of Benin and is an alumnus of the Advanced Management Program of Stanford University, California, USA. He has attended various management and development courses in major international institutes across the globe. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Associate of the Chartered Taxation Institute of Nigeria.
On her part, Ms Stella Duru is the only female Partner in Banwo & Ighodalo’s Energy and Natural Resources Practice Group. Her core areas of practice are Energy & Natural Resources, Project Finance and Corporate Finance. She is renowned for her extensive experience in the power sector and authors articles in leading law publications. Ms Duru has deep experience in oil, gas and power projects in Nigeria and has been involved in World Bank sponsored work streams advising on the power sector reforms in Nigeria.
She was involved in the privatization and sale of government assets in the hitherto vertically integrated government owned power utility as well as in the new business units that were spun off this utility.
She is currently leading the initiative on renewable energy transactions in her firm and in this regard, is advising several investors who are developing renewable projects in Nigeria. Ms Duru to advise on transactions along the entire value chain of generation, transmission and distribution; as well as on deals pertaining to IPPs, off-grid and on-grid solutions to the power deficit in Nigeria. She is very passionate about monetizing and utilizing Nigeria’s natural gas resources in order to get Nigeria powered up.
She obtained a law degree from the University of Lagos, Nigeria; and was admitted into the Nigerian Bar in January 2001. Ms Duru is a member of the Nigerian Bar Association, International Bar Association (Section on Energy and Natural Resources Law) and Association of International Petroleum Negotiators. She is also an Associate of the Nigeria Leadership Initiative (a leadership development not-for-profit, affiliated with the Aspen Institute) as well as an Associate WimBiz (an association of Women in Management, Business & Public Service).
Jobs/Appointments
NMDPRA Denies Fake Employment Alert, Warns Unsuspecting Job Seekers
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.”
Jobs/Appointments
Aradel Appoints Nnoli Akpedeye as Independent Non-Executive Director
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.
Jobs/Appointments
Geregu Power Chooses Sean Manley as Interim CEO
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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