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APPOINTMENTS

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

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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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APPOINTMENTS

UPDC appoints new Directors and acting CEO, as Chairman, CEO, Directors resign

UPDC has announced the resignation of its Chairman, three Non-Executive Directors and the CEO of the Company.

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UACN Property Development Company has announced the resignation of its Chairman, three Non-Executive Directors, and Chief Executive Officer.

The Company also confirmed the appointment of a new Acting Chief Executive Officer and also Non-Executive Directors to its Board, to respectively fill the position of the outgoing CEO and Directors.

This information was uncovered by Themoneymetrics in a recent notification sent to the floor of the Nigerian Stock Exchange on the 4th of January 2021, by the Company Secretary, Mrs Folake Kalaro.

According to Mrs. Kalaro, the Board of Directors of UPDC announced the resignation of its Chairman, Mr. Babatunde Kasali, other Non-Executive Directors namely; Mr Adekunle Awojobi, Professor Okon Ansa and Mrs. Awuneba Ajumogobia, and the Chief Executive Officer of the Company Mr Folasope Aiyesimoju with effect from 4th January 2021.

However, the board also confirmed the appointment of Mrs. Deborah Nicol-Omeruah as Acting Chief Executive Officer of the Company, as well as the appointment of Mr. Wole Oshin and Mr. Adeniyi Falade as Non-Executive Directors to the Company with effect from 5th January 2021.

What to expect: Sequel to the acceptance of the outgoing CEO’s resignation after completing his tenure, the Board revealed that Mr. Aiyesimoju will continue to serve as a Non-Executive Director of the Company.

What you should know about UPDC

  • UPDC has been a leader in property acquisition, development, sales and management of quality and affordable residential, commercial, and retail properties in Nigeria for over 20 years.
  • The Company remains the largest real estate platform listed on The Nigerian Stock Exchange.
  • Custodian Investment PLC acquired 51% of UPDC’s issued share capital from UAC of Nigeria PLC and is now the Company’s largest shareholder.
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APPOINTMENTS

United Capital Plc announces appointment of two Independent Non-Executive Directors

United Capital Plc has announced the appointment of two independent Non-Executive Directors subject to regulatory approval.

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United Capital Plc has announced the appointment of Mr Dipo Fatokun and Ms Sutura Aisha Bello as independent Non-Executive Directors, effective immediately and subject to regulatory approval.

This is according to a notice signed by the firm’s Secretary, Leo Okafor, and sent to the Nigerian Stock Exchange, seen by Themoneymetrics.

What you should know

It was reported that United Capital Plc had raised N15 billion through Commercial Paper issuance, under its N20 billion programme registered with the FMDQ Securities Exchange.

  • Mr. Dipo Fatokun is a veteran in the financial industry, with experience spanning over three decades. Prior to his recent appointment, he was the Director, Banking Services Department at the Central Bank of Nigeria.
  • He is an alumnus of the University of Lagos and the University of Ilorin where he obtained a Master’s degree in Business Administration and a B.Sc. in Accounting respectively. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Bankers of Nigeria (CIBN).
  • Sutura Aisha Bello is a PPP/Project Finance expert skilled in commercial, financial and project management. She has led multiple projects for the World Bank, DFID and OPEC Fund for International Development across a wide range of sectors.

What they are saying

Excerpts of the press statement reads:

  • “United Capital Plc is pleased to announce the appointments of Mr. Dipo Fatokun and Ms. Sutura Aisha Bello as Independent Non-Executive Directors, effective immediately, subject to obtaining requisite regulatory approvals.”
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APPOINTMENTS

Access Bank Plc appoints two new Directors

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

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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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