President Muhammadu Buhari has suspended Hadiza Bala Usman as the Managing Director of the Nigerian Ports Authority, according to sources quoted by Peoples Gazette.
The president immediately appointed Mohammed Koko, the director of finance to replace Ms Usman.
While Ms Usman said she was aware of her suspension, she said she has not received any formal letter or communication to that effect from the Ministry of Transport.
However, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, has now disclosed in a statement titled ‘President Buhari approves panel of inquiry on NPA, asks MD, Hadiza Usman to step aside.’
The statement read, “President Muhammadu Buhari has approved the recommendation of the Ministry of Transportation under Rt. Hon. Rotimi Amaechi for the setting up of an Administrative Panel of Inquiry to investigate the Management of the Nigerian Ports Authority.
“The President has also approved that the Managing Director, Hadiza Bala Usman, step aside while the investigation is carried out. Mr Mohammed Koko will act in that position.
“The panel is to be headed by the Director, Maritime Services of the Ministry while the Deputy Director, Legal of the same ministry will serve as Secretary.
“Other members of the panel will be appointed by the minister.”
Ms Usman was appointed as NPA chief in 2016 and has repeatedly propagated her reform policies that sought to redirect the organisation, which is one of the top revenue-generating entities of the Nigerian government.
Airtel Africa Appoints Tsega Gebreyes as an Independent Non-executive Director
Airtel Africa Plc on Tuesday announced the appointment of Ms. Tsega Gebreyes as an independent non-executive director with immediate effect.
The company disclosed in a statement signed by Simon O’Hara, Group Company Secretary, Airtel Africa.
Profile of Tsega Gebreyes
Ms. Gebreyes is the founding partner of Satya Capital Limited, a private investment firm specialising in Africa related investments. She served as Chief Business Development and Strategy Officer of Celtel International BV and Senior Advisor to Zain.
Her previous experience includes her role as a founding partner of the New Africa Opportunity Fund, LLP, a US $120 million private equity Fund anchored by Citibank. She has served in various positions at Citibank and McKinsey.
Ms. Gebreyes currently serves as a Non-Executive Director of the London Stock Exchange Group, as Vice Chair of SES, a publicly listed company in Luxembourg, as Director of Satya Capital Limited and as Senior Adviser to TPG. In addition, she has served on the boards of several privately held companies operating in Africa, as senior adviser to MTC and as a non-executive director for Sonae International.
She has served in various capacities during her board memberships including roles on Audit, Remuneration, and Finance Committees. Ms. Gebreyes holds a bachelor’s degree from Rhodes College and an MBA from Harvard Business School. She is an Ethiopian national.
Commenting on Ms. Gebreyes’ appointment, Chairman, Sunil Bharti Mittal said: “On behalf of the Board, I am delighted that Tsega has agreed to join the Airtel Africa Board and we very much look forward to working closely with her. Tsega brings with her great telecommunications experience, working and investing in Africa and above all solid financial acumen. All this adds additional knowledge base at the Board”.
Chemical and Allied Products Plc Appoints Mr. Folasope Aiyesimoju as a Non-Executive Director
The management of Chemical and allied Products Plc has appointed Mr. Folasope Aiyesimoju as a Non-Executive Director of the company, effective October 5, 2021.
The company disclosed in a statement signed by Ayomipo Wey, Company Secretary and General Counsel and seen by Investors King.
Mr. Folasope Aiyesimoju Profile
Mr. Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity. Over the course of his career, he has lived and worked in SubSaharan Africa’s most important economies gaining experience of the operating landscape in the region.
Mr. Aiyesimoju is currently the Group Managing Director of UAC of Nigeria Plc (“UACN”), with responsibility for shaping overall strategy and driving long-term value creation. He is also the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.
Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria. He spent the early part of his career with Ocean and Oil Holdings Limited, a principal investment firm in Nigeria and ARM Investment Managers, one of Nigeria’s leading investment advisory and wealth management firms.
Mr. Aiyesimoju co-founded Foodpro Limited, a nutritional snacks business focused on edible nuts, where he currently serves as a non-executive director. He also sits on the Boards of MDS Logistics Limited, Grand Cereals Limited, UAC Foods Limited and UPDC Plc.
Mr. Aiyesimoju holds a B.Sc. (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real Estate Development and Finance, and earned the right to use the CFA designation in 2006.
Segun Ogunsanya Begins New Role as CEO of Airtel Africa
Airtel Africa on Monday announced that Segun Ogunsanya has resumed as the company’s Chief Executive Officer on 1 October 2021.
The leading telecommunications firm disclosed in a statement signed by Simon O’Hara, Group Company Secretary, Airtel Africa.
The statement reads “further to the Company’s appointment of Olusegun “Segun” Ogunsanya, as Managing Director and Chief Executive Officer, Segun has begun his new role as at 1 October 2021 and joined the Board of Airtel Africa plc.”
Seugun Ogunsanya Profile
Segun was previously Managing Director and CEO of Airtel Nigeria and was responsible for the overall management of the operations in the Company’s largest market. He has more than 25 years business management experience in banking, consumer goods and telecoms. Before joining Airtel in 2012, Segun held leadership roles at Coca-Cola in Ghana, Nigeria, and Kenya (as MD and CEO).
He has also been the Managing Director of Nigerian Bottling Company Ltd (Coca-Cola Hellenic owned) and Group head of retail banking operations at Ecobank Transnational Inc, covering 28 countries in Africa. He is an electronics engineer and also a chartered accountant.
Speaking on his appointment, Segun Ogunsanya, said: “I am looking forward to building on the solid foundations the Group has established for future sustainable growth across Africa. Moving forward, we will invest even more in our network and distribution channels to serve the communities where we operate. By doing this, we will continue to sustainably bridge the digital divide, expand financial inclusion and meet the evolving needs of our customers.”
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