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Sterling Bank Appoints Mr. Ankala Syam Prasad and Mr. Paritosh Tripathi as Non-Executive Directors



Sterling Bank

Sterling Bank Plc, one of the leading financial institutions in Nigeria, on Tuesday announced it has appointed Mr. Ankala Syam Prasad and Mr. Paritosh as non-executive directors to replace Messrs. Ramesh Rajapur and Grama Narasimhan on the company’s board.

The bank disclosed in a statement signed by Tolu Folarin, Corporate Counsel and Temitayo Adegoke, Company Secretary & Chief Legal Counsel, Sterling Bank Plc.

The appointments are subject to the Central Bank of Nigeria (CBN) approval.

Mr. Ankala Syam Prasad – Mr. Prasad is presently the Country Head and Chief Executive Officer and Chairman, Executive Committee of State Bank of India’s South African Operations. He joined the State Bank of India in 1995 as a Probationary Officer and has served in various capacities. He has extensive banking experience and is an expert in project finance, with responsibility for large corporates, foreign exchange business including trade transactions. He is well versed in regulatory compliance and reporting, identifying risk and its mitigants.

Mr. Prasad obtained his Bachelor of Science and Master of Science degrees from Nagarjuna University, India. He also obtained an MBA (Financial Management) from the University of Mumbai, India.

Mr. Paritosh Tripathi – Mr. Tripathi is presently the General Manager Operations, International Banking Group of the State Bank of India (SBI). He joined the State Bank of India in 1990 as a Probationary Officer and has over the years served in various capacities. He has over 30 years banking experience and is an expert in the implementation of IT related policies and IT Infrastructure. He oversees the Operations & Information System Functions. He is responsible for HR and Overseas Expansion Planning and Strategy and also has oversight functions on performance monitoring, budgeting, strategy, advertisement and marketing at SBI.

Mr. Tripathi holds a Bachelor of Arts degree and a Master of Business Administration (MBA) from the University of Lucknow. He is a certified Associate of the Indian Institute of Bankers.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


Afrinvest Appoints Mrs. Onaghinon As COO



Afrinvest West Africa Limited, has appointed the former head of public private partnership agency of the Edo State, Mrs Onoise Onaghinon as its chief operating officer.

Onaghinon joined Afrinvest in 2003 as an analyst in the firm’s investment banking division, rising through the ranks to become an associate, then vice president and eventually executive director & head of investment banking.

She is a seasoned veteran in the Nigerian capital markets and investment landscape with over 18 years of experience in capital raising, mergers and acquisitions, and restructurings across many industries.

In 2017, Onaghinon took a sabbatical from the Firm to head the Public Private Partnership Agency of the Edo State Government. Having acquitted herself creditably in the public sector, she has rejoined the Firm to resume as the new COO.

Speaking on the appointment, group managing director of Afrinvest, Ike Chioke, said: “over the years, Onaghinon has demonstrated great leadership, professional excellence and outstanding client commitment in driving the firm’s business units, particularly our investment banking division. We are delighted to have her back and we look forward to leveraging her cross-disciplinary experience across the Afrinvest group”.

In her new role, Onaghinon will oversee human resources, legal & compliance, internal control and general services while leading the firm’s initiatives to improve efficiency across its subsidiaries.

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Ecobank Transnational Incorporated Appoints Tomisin Fashina as Group Executive, Operations & Technology



Fund management

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, announces that Tomisin Fashina has been appointed as its new Group Executive for Operations & Technology, a position he will now hold in addition to his existing role of Managing Director of eProcess International.

Ade Ayeyemi, CEO Ecobank Group said: “The rapidly accelerating digital adoption by Africa’s citizenry and businesses, together with the explosion in ecommerce across the continent, is driving transformation throughout the banking and payment sectors. Winning across operations and technology is essential for the Ecobank Group’s short, medium and long-term success, and is an integral requirement of our ongoing determination to continue to meet the evolving expectations of our customers. Tomisin is well experienced to ensure this, and his new role provides him with an overarching view of our operations and technology functions.”

Tomisin has over 30 years of experience, predominantly in technology management and financial services. Before joining the Ecobank Group, Tomisin was the Chairman of the Board of Directors of Steward Bank Harare Zimbabwe. He has also been Chief Executive Officer for Yookos, a social media company, and has held several positions at Barclays Bank, including General Manager & Head, Transactional Banking Products, and Channels Management and Director, Cash Management & Payments. Prior to this, at Citigroup South Africa, he held leadership roles in its Global Transaction Services as Division Head & Director, Client Delivery, sub-Saharan Africa; and Division Head, Electronic Banking & Implementation, sub-Saharan Africa.

Tomisin has a BSc degree in Computer Engineering from Obafemi Awolowo University, a Master of Business Administration in Marketing from the University of Lagos and a PhD in Business Management in Leadership from Capella University, Minnesota, USA.

Dr. Fashina succeeds Eddy Ogbogu as Group Executive, Operations & Technology, following Eddy’s recent retirement after serving the Group for 11 years.

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Meet Alkali Baba: The New Acting Inspection General of Police



Noting that the tenure of former IG, Mohammed Adamu ended in February but was extended on the 4th of February by president Buhari.

Usman Alkali Baba formerly the Deputy Inspector General of Police (DIG) has been appointed with immediate effect as the new acting Inspection General of Police (IGP) following the directive of President Buhari.

This information was passed across by the minister of police affairs, Mohammed Maigari Dangyadi, on Tuesday, April 6, while briefing state house correspondents.

Usman Alkali Baba was born on March 1, 1963 in Geidam Local Government Area of Yobe State. He holds a Masters in Public Administration (MPA) from the University of Maiduguri, BA (ED) Political Science from Bayero University, Kano State as well as Professional Courses/Workshop Institution.

He holds a Teachers’ Grade II Certificate from Teachers College, Potiskum.

He enlisted in the Nigeria Police Force on March 15, 1988.

Until his appointment as the acting IGP on Tuesday April 6, he had held several positions in various commands of the force.

He served as Divisional Police Officer (DPO) in Yola, Gombe, Kaduna and Jos.

He also served in Ilorin, Kwara State as Area Commander, second-in-command in Ebonyi State and Assistant Commissioner, CID, in Kaduna.

He also served in Kaduna as the deputy commissioner (administration) and in FCT as deputy commissioner of police (Investigation). He was also in the staff college as a directing staff.

He became a commissioner of police in January 2014 and AIG in July 2016.

He was commissioner of police in the Federal Capital Territory (FCT) and Delta State and subsequently served as the AIG in charge of Zone 5 Benin, Zone 4 Makurdi and Zone 7, Abuja.

He had also attended peace keeping operations outside the country.

He was promoted to the rank of DIG in November 2020 and was in charge of the Force Criminal Investigations Department (FCID) until his appointment as IGP on Tuesday.

He had acted as DIG in charge of Finance and Administration and at some point served as Force secretary.

He had attended several professional courses. He is a member of Course 22/2014 of the National Defence College (NDC) Abuja and also a fellow of International War College.

The acting IGP is due for retirement in 2023.

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