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Access Bank Plc appoints two new Directors

Access Bank Plc confirmed the appointment of an Executive Director and Non-Executive Director respectively.



Following the approval of the Central Bank of Nigeria, Access Bank Plc has confirmed the appointment of Mr. Seyi Kumapayi and Mrs. Omosalewa Fajobi as Executive Director and Non-Executive Director respectively.

This is contained in a press release signed by the bank’s secretary, Sunday Ekwochi, as seen by Themoneymetrics.

What you should know

Mr. Seyi Kumapayi was appointed as Executive Director, African Subsidiaries. He has been the Group Chief Financial Officer of Access Bank Plc since 2008. He is an expert with over 20 years’ experience in banking cutting across strategy, treasury, finance and risk management.

He also worked with other financial institutions such as First City Monument Bank Limited and Guaranty Trust Bank.

Mr. Kumapayi is an alumnus of University of Lagos and University of Ibadan, where he obtained a Master’s degree and Bachelor’s degree in Mechanical Engineering and Agricultural Engineering respectively. He also attended the prestigious Harvard Business School and completed several Executive Management Development programmes in leading institutions including INSEAD, IMD and London Business School.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), and a member of the Global Association of Risk Professionals (GARP), the Chartered Institute of Taxation ofNigeria (CITN) and the Chartered Institution of Bankers of Nigeria (CIBN). He is a board member of the Ogun State Security Trust Fund.

On the other hand, Mrs. Omosalewa Fajobi has been appointed as a Non-Executive Director. She is an experienced legal luminary, and has worked in various sectors such as the financial, investment and legal services industry.

She is currently an Operating Director at Tengen Family Office Ltd. Her area of expertise includes: negotiation, business risk management and financial analysis.

Between May 2014 and June 2017, Mrs. Fajobi worked with International Finance Corporation as project lead (Nigeria) Africa Corporate Governance Programmes. She also worked as Legal Counsel at the defunct Oceanic Bank from 2006- 2010 andAccess Bank Plc from 2004-2006.

She is an alumna of the prestigious University of London and University of Lagos, where she obtained LLM Degree (Merit) with specialization in Corporate and Commercial Law and Bachelor’s degree in Law respectively. She is a member of the Nigerian Bar Association.

What they are saying

Commenting on these appointments, the bank’s Chairman, Dr. (Mrs.) Ajoritsedere Awosika, MFR said:

“We are very delighted to welcome the new appointees to the Board of Access Bank. These individuals have been chosen based on their exceptionally rich blend of professional, academic and corporate board experiences which are all relevant to the needs of our Board.

“We are strongly convinced that their skills will no doubt add significant value to our quest to become Africa’s Gateway to the World and the World’s Most Respected African Bank.”

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Flour Mills appoints Juliet Anammah to the Board of Directors

Juliet Anammah has been appointed to the Board of Directors of Flour Mills of Nigeria Plc.



Nigeria’s leading integrated food business and Agro-allied group, Flour mills of Nigeria Plc has announced the appointment of Juliet Anammah, to the board of Directors. 

The appointment was announced in a disclosure sent to the Nigeria Stock Exchange today.

This disclosure which was signed by the Company’s Secretary, Umolu Joseph, confirmed the appointment of Anammah, to the board of Directors effective from 10th September. 

Juliet, who is the current Chair of the Board, Jumia Nigeria, and Head of Institutional Affairs across Africa brings a vast experience in the consumer product industry, along with excellent skills in product creation and high-profile brand building. 

It is noteworthy that Mrs Anammah, while the CEO of Jumia led the company through a period of impressive growth, and subsequently to become the first African tech company to be listed on the New York Stock Exchange in 2019.

Speaking about the appointment, Mr John Coumantaros, Chairman of the Board says the appointment is of tremendous value to FMN, as it will help to position the group to take advantage of the changing consumer landscape in the foods and Agro-allied sectors. 

I am truly excited to welcome Juliet to the Board of Directors. Her over 28 years of executive leadership experience in business consulting and e-commerce in Africa will be of tremendous value to FMN, as we continue to position the group to take advantage of the changing consumer landscape in the foods and agro-allied sectors,” Coumantaros said.

Coumantaros emphasized that the appointment represents the Boards’ determination to ensure a diverse mix of skills and viewpoints on the FMN Board in a bid to fulfil the purpose of feeding the nation, every day.

About Mrs Juliet Anammah 

Mrs Juliet Anammah has over twenty-five years of professional experience in Consumer Goods, Sales and Marketing Management Consulting and E commerce. She started her career with Sanofi Aventis in 1991 and worked in key sales/marketing capacities until 1999, when she joined Accenture’s Strategy service line as a senior consultant. 

In 2004 she launched Accenture’s Products Operating Group which covers Accenture’s consulting services for Fast Moving Consumer Goods, Retail and Transport Industries in West Africa. Juliet became a Partner in Accenture in 2013. 

She is presently the Managing Director/Chief Executive Officer of Jumia Nigeria, a position she undertook in 2015 and oversaw Jumia’s transition from online Retail to a Marketplace. Jumia is an online marketplace operating in 15 African countries. Jumia’s scope covers Ecommerce, Travel booking, Food ordering and Classifieds. 

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UBA’s Sola Yomi-Ajayi appointed to US EXIM’s Sub-Saharan Africa Advisory committee



Sola Yomi-Ajayi, the Chief Executive Officer, (CEO) of UBA’s operations in the USA, has been appointed to the Export-Import Bank of the United States (US EXIM) committee on Sub-Saharan Africa for 2020/2021.

This is contained in a statement on UBA’s website, as seen by themoneymetrics.

Established by the US congress, the Sub-Saharan Africa Advisory Committee provides guidance and advice regarding US EXIM policies and programs, that are designed to support the expansion of financing for US manufactured goods and services in Sub-Saharan Africa.

The committee comprises of notable individuals of the US business community, and Yomi- Ajayi is the sole representative of African institution. UBA USA is the only Sub-Saharan African deposit taking institution regulated in the United States, and provides a unique portfolio of banking solutions to corporates, governments, multilaterals, and development organizations transacting with Africa.

It can also assist in trade finance, treasury, foreign exchange, transaction management, and lending, drawing on UBA’s 70-year-old heritage and unique Pan-African network.

UBA’s Group Chairman, Tony O. Elumelu, stated that the appointment is a recognition of the role UBA has played over decades in promoting, and supporting large and small businesses in all its 20 countries of operations in Africa.

“The appointment of Sola, as a member of the US EXIM Advisory Committee for Sub-Saharan Africa is a welcomed news.  UBA’s global network of offices in New York, London, and Paris permits us to be the preferred financial intermediary between Africa and the rest of the world.  Our mission at UBA is fully aligned with the objectives of the US EXIM.”

The US EXIM President and Chairman, Kimberly A. Reed, who congratulated Yomi-Ajayi and the other appointees said, “With six of the 10 fastest-growing economies in the world and more than one billion consumers, Africa is poised to play a pivotal role in the global economy. 

“Supporting US exports to sub-Saharan Africa is one of our top priorities at EXIM, and my deepest congratulations goes to the new members of the EXIM Sub-Saharan Africa Advisory Committee.

Other new appointees into the committee are,

  • Daniel Runde, as Chairman of the committee
  • C. Derek Campbell, CEO, Energy and Natural Resource Security Inc
  • Scott Eisner, Senior VP, African Affairs, U.S. Chamber of Commerce
  • Rebecca Enonchong, Founder and CEO, AppsTech
  • Lori Helmers, Executive Director/Americas Export Finance Head, JPMorgan Chase Bank
  • Florizelle Liser, President and CEO, Corporate Council on Africa
  • Mima Nedelcovych, Chairman, Africa Global Schaffer
  • EE Okpa, Principal, The OKPA Co
  • Marise Duff Stewart, Director, Customer and Industry Relations, Progress Rail – a Caterpillar company
  • Paul Sullivan, President, International Business, Acrow Bridge.

EXIM, is an independent federal agency that promotes and supports American jobs, by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers.

United Bank for Africa Plc, is a leading Pan-African financial institution, offering banking services to more than 21 million customers, with over 1,000 business offices and customer touch points in 20 African countries.

It has presence in the USA, UK, and France. UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance, and ancillary banking services.

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Union Bank of Nigeria Plc announces the appointment of 2 directors



Union Bank of Nigeria Plc has announced the appointment Mr Emeka Anthony Ogbechie and Mr Paul Kokoricha as Non-Executive Directors, with effect from May 27, 2020, and August 28, 2020, respectively.

In the announcement, Emeka Anthony Ogbechie was appointed to replace Mr Dick Kramer, who retired from the Board of the Bank in September 2019 and Paul Kokoricha was appointed to replace Mr Cyril Odu, who passed on in September 2019.

This disclosure is contained in a notification which was sent by Union Bank to the Nigerian Stock Exchange (NSE), esteemed shareholders and other stakeholders and signed by the Company Secretary, Somuyiwa Sonubi.

Mr Ogbechie is a seasoned finance professional with experience in Strategy and Corporate Planning, Portfolio Management and Benchmarking, Financial Reporting, Analytics and Tax Planning, Treasury and Liquidity Management and Cost Optimization.

He is currently the Chief Finance Officer of Capital Alliance Nigeria; a position he has held since 2019. Before joining Capital Alliance Nigeria, Mr Ogbechie had held positions in several local and international organizations including Equity Bank Kenya Limited, UBA Capital Plc, Lagos, Credit Suisse London, Deloitte London, and Ernst & Young, London.

Mr Ogbechie holds a Bachelor of Arts degree in Business Administration from American Intercontinental University and a Master of Science degree in Management from the London School of Economics. He is also a member of the Institute of Chartered Accountants in England and Wales and holds an MBA (Strategy and Finance) from INSEAD.

On his part, Paul Kokoricha is a Partner at African Capital Alliance, a private equity investment management firm. He joined the African Capital Alliance in 2002 as the Chief Finance Officer before making a transition to Fund Manager role in 2004. He has extensive experience in private equity investment management as well as in business turnarounds, transformation and re-organization.

Before he joined African Capital Alliance, Mr Kokorocha worked with Liberty Bank Plc for 8 years as Group Head of Operations with responsibility for Operations and Information Technology across the bank.

He also worked with Arthur Andersen & Co, providing accounting, consulting, and audit services to varied clients in financial services, oil and gas, construction and manufacturing sectors.

Mr Kokoricha is a Director of several companies including Continental Reinsurance, Bankers Warehouse Limited, Fin Insurance and Swift Networks Limited. He is the Chairman of the Board of Private Equity and Venture Capital Association of Nigeria.

He holds a B. SC in Economic from the University of Nigeria, Nsukka and is a Fellow of the Institute of Chartered Accountants of Nigeria.

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