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Wema Bank Appoints Mr. Chukwuemeka Obiagwu as Executive Director

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The board of Directors of Wema Bank Plc has appointed Mr. Chukwuemeka Obiagwu as an Executive Director of the Bank effective from 1st of April 2021.

The leading bank disclosed in a statement signed by Johnson Lebile Company Secretary/Legal Adviser, Wema Bank Plc.

Mr. Chukwuemeka Obiagwu Background

Emeka “is a multi-disciplinary professional with a background in Accounting, Insurance, Corporate Finance, Stockbroking and Public Finance. He has over three (3) decades experience in banking, financial services and the public service.

“Early in his career at Fidelity Bank Plc, Emeka successfully repositioned and grew a subsidiary which he eventually led as the Group Managing Director & CEO. At different times, he creditably led the Human Resources, Corporate Services, Transaction Support Services, Corporate Finance, Regional Banking as well as the Retail and Commercial Banking arms of the bank. He was a Non-Executive Director of Fidelity Pension Managers where he also served as Chairman of the Board, Audit Committee.

“He left Fidelity Bank Plc. in 2015 after 20 years of meritorious service and in January 2016, joined the Federal Inland Revenue Service as a Director with responsibility for Enforcement. He was also a Member of the Technical Committee of the Board and Chairman of the Budget Committee of FIRS, among many other roles.

“Emeka is an alumnus of the Lagos Business School (SMP 16) as well as Harvard Kennedy School of Government Boston, Massachusetts USA, where he obtained an Executive Certificate in Economic Development. He has had the privilege of studying at some of the world’s leading institutions for Executive Business Education, such as, INSEAD Business School, Fontainebleau, France; Kellogg School of Management to mention a few.

“Mr. Obiagwu is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN); Fellow, Chartered Institute of Stockbrokers; Honorary Senior Member, Chartered Institute of Bankers of Nigeria; Fellow, Chartered Institute of Taxation; and Associate, Chartered Insurance Institute (London).”

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

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Appointments

Union Bank Announces the Appointment of Aisha Abubakar as Independent Non-Executive Director

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Union Bank of Nigeria Plc (“Union Bank”) has announced a change to the membership of its Board of Directors with the appointment of Ms. Aisha Abubakar as an Independent Non-Executive Director effective 9th September 2021, following the approval of the Central Bank of Nigeria (CBN).

Ms. Abubakar joins the Board of Union Bank following her tenure as Nigeria’s Honourable Minister for Women Affairs and Social Development from 2018 to 2019. Prior to this, she also served as the Honourable Minister of State for Industry, Trade and Investment between 2015 and 2018. At the start of her career, Ms. Abubakar worked at Continental Merchant Bank Ltd., African Development Bank and African International Bank.

She is an accomplished public sector administrator with over three decades of professional experience in Public Service and Pension Administration, Investment Banking, SME Finance/Rural Enterprise Development and Micro-Credit Administration.

Ms. Abubakar is a Fellow of the International Professional Managers Association (IPMA-UK), and the President of the International Experts Consultants (IEC-UK).

Commenting on the addition to the Board, Mrs. Beatrice Hamza Bassey, Union Bank’s Board Chair said: “On behalf of the Board of Directors, I welcome Ms. Aisha Abubakar to the Board. She brings many years of robust experience which will be invaluable in supporting our efforts to steer the Bank forward and deliver on our strategic objectives.”

Also commenting, Chief Executive Officer, Mr. Emeka Okonkwo said: “I am pleased to welcome our new Independent Non-Executive Director, Ms. Aisha Abubakar to the Board. We look forward to drawing from her wealth of experience and fresh perspectives as we continue to execute our vision to be Nigeria’s most reliable and trusted partner.”

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Appointments

Dangote Cement Appoints Mr. Philip Mathew as Deputy Group MD/CEO

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Dangote Cement Plc, Africa’s leading cement manufacturer, has appointed Mr. Philip Mathew as the Deputy Group Managing Director/Chief Executive Officer of the company with effect from September 15, 2021.

This was disclosed in a statement signed by Edward Imoedemhe, Deputy Company Secretary, Dangote Cement Plc.

According to the manufacturer, “Mr. Mathew is a professional with 34 years of working experience in large global and regional cement industries and has been involved in project management from feasibility to commissioning and stabilisation.

“He has worked with multicultural teams in different countries and held several roles, including Process Engineer, Optimisation Manager, Plant Manager, Technical Director, Director Performance and Progress, Chief Manufacturing Officer, and recently, Head of Cement Excellence Manufacturing for the AsiaPacific region; defining the strategic goals and ambitions for cement manufacturing at regional level for a global cement company.”

 

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Appointments

GCR Ratings Appoints Mr. John Kibebo CPA-K to its Kenyan Office

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GCR Ratings (“GCR”) is pleased to announce the appointment of Mr. John Kibebo CPA-K as a Credit Rating Analyst. John will be based full-time in our Kenyan office as an integral part of the GCR East Africa team as GCR continues to grow its presence in the region.

John has over 8 years’ experience conducting business and financial analysis. He joins GCR from Metropol Corporation Limited where he worked for over 6 years and progressed to become the Head of their Analysis department. Prior to his time at Metropol, John worked as an Accountant for Kenya Woman Microfinance Bank and as a Banking Consultant for Kenya Commercial Bank.

John is a Certified Public Accountant (CPA-K), with a B-Comm in Finance from Jomo Kenyatta University of Science and Technology and an Msc. in Finance from The University of Nairobi.

In announcing the appointment, Sylvia Chahonyo, Managing Director of GCR East Africa, said, “Following a thorough and rigorous search process we are delighted that John has agreed to take up the position of Credit Rating Analyst in Kenya. He has significant experience and expertise, and I am pleased that we have been able to attract someone of his caliber and track record.

I have no doubt that John’s appointment, in a permanent capacity based at GCR in Nairobi, will facilitate a deeper entrenchment of GCR’s presence and portfolio of credit ratings across Kenya and the region. His appointment also reinforces GCR’s ongoing commitment to investment and capital markets development in East Africa, and our role as a source of timely, accurate, and market leading credit opinions.”

Upon his appointment, Mr. Kibebo said, “I am delighted to join GCR Ratings and its growing analytical team of 45+ analysts spread across Africa. GCR has a stronghold in the African credit ratings market thanks to its local footprint. I am looking forward to working with issuers across the East-African market. Increasing access to, and use of, credit ratings in the region is a key element of a functioning capital market which, I believe, will help companies get greater access to funding, and investors to understand the risks associated to those entities which can assist in enhancing sustainable growth outcomes in East Africa.”

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