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World Bank Group Appoints New Country Manager for South Sudan

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The World Bank Group has appointed Mr. Firas Raad as the new Country Manager for South Sudan effective August 1, 2021. Mr. Raad will be leading an expanding country program focused on delivering project financing and analytical services in support of South Sudan’s development priorities.

The World Bank Group’s current portfolio in the country consists of six engagements with a total financing volume of $USD 375 million in commitments.

Under his tenure, the World Bank Group will continue to work closely with the Government of South Sudan, development partners, civil society, the private sector and other stakeholders with the goal of improving development outcomes for the people of South Sudan, particularly in the areas of economic growth, governance, agri-business, human capital development, and resilience.

Mr. Raad, a Jordanian national, has extensive experience in the areas of economic and human development and has worked with the World Bank Group, the United Nations, and the Jordanian government over the past 27 years. He joined the World Bank in 2002 as a Health Policy Specialist and has since held various technical and management positions in the Middle East and North Africa region and East Asia and Pacific Region. His most recent management assignment was serving as Country Manager for Malaysia where he led the World Bank Group Inclusive Growth and Sustainable Finance Hub based in Kuala Lumpur.

“I am honored to take on this new role as Country Manager for South Sudan at an important time in the country’s history and development journey. Over the last three years, the World Bank Group has endeavored to support the development gains achieved by the country since the signing of the 2018 Revitalized Peace Agreement,” said Firas Raad, World Bank Country Manager for South Sudan. “Going forward, we aim to support the Government of South Sudan in consolidating these gains and making even greater progress towards improving the lives and livelihoods of the South Sudanese people. Naturally, much of our effort will hinge crucially on the continued preservation of peace and stability in the country.

The World Bank Group has been a long-standing development partner of South Sudan, stretching back to the Comprehensive Peace Agreement in 2005. In the next two years, the World Bank Group will be scaling up its engagements along the three main pillars of work: (i) laying the ground for institution- building; (ii) supporting basic service delivery; and (iii) building resilience and livelihood opportunities. These engagements will be financed through budgetary resources made available by the International Development Association of the World Bank Group.

Mr. Raad will be based in Juba and succeeds Husam Abudagga who recently completed his two-year term as Country Manager for South Sudan

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Appointments

DLM Capital Group Unveils Child Education Plan

DLM Asset Management, a DLM Capital Group subsidiary, has launched its Child Education Plan.

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DLM Capital Group

DLM Asset Management, a DLM Capital Group subsidiary, has launched its Child Education Plan. This aligns with the firm’s commitment to providing opportunities for parents/guardians to secure the education of their children or wards through effective planning and sustainable investments.

The DLM Child Education Plan aims to provide parents and guardians with an easy and appropriate way to handle the burdens of tuition payment through efficient planning and long-term investments.

In other words, it is a suitable and flexible investment plan that enables parents/guardians to plan and fund their children’s education from kindergarten to tertiary levels.

The DLM Child Education Plan allows you plan and invest in your children’s education on a monthly, quarterly, or annual basis.

The company explained that the Child Education Plan also allows investors to tailor their plans according to their specific needs or situations.

The DLM Child Education Plan is divided into three (3) plans: the Silver plan, which requires a minimum of N20,000 per time, the Gold plan, which requires a minimum of N100,000 per time, and the Platinum plan, which requires a minimum of N250,000 per time.

Furthermore, the DLM Child Education Plan provides the option of working with an advisor who will provide relevant and useful information while guiding the client through the entire planning process.

Speaking about the new product, George Aniegbunem, Head DLM Asset Management, stated, “Despite the recent economic meltdown, most parents and guardians will agree that the importance of education cannot be overstated.”

As a result, the DLM Child Education Plan was implemented to provide a sustainable and dependable plan for funding a child’s education at all levels of education (mostly primary, secondary, and tertiary levels).

Indeed, the current economic situation and high inflation rate have put tremendous strain on many families; thus, we are here to help with strategies that would provide a suitable plan, financial literacy, and the ease of funding children’s education in a seamless manner’’.

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Appointments

FBN Holdings Announces Appointment of Executive Directors

FBN Holdings, one of the largest banking and financial services organizations in Africa has announced the appointments of two executive directors based on the board approval.

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FBN Holdings, one of the largest banking and financial services organizations in Africa has announced the appointments of two executive directors based on the board approval.

The board approved the appointment of Mr. Samson Oyewale Ariyibi as an Executive director, Investment Management and Oversight of FBN Holdings Plc while Mr. Patrick Iyamabo was appointed as an Executive Director, Chief Financial Officer (CFO) of the flagship subsidiary, First Bank of Nigeria Limited.

About Mr. Samson Oyewale Ariyibi

Mr. Samson Oyewale Ariyibi is an award winning professor with about 32 years work experience, spanning bank and allied financial services, business assurance, tax management and consulting, having served in senior management roles at various global organizations and proudly Nigerian companies including, Ernst and Young(EY), Pricewaterhousecoopers, Standard Chartered Bank and Transnational Corporation of Nigeria (TRANSCORP) where he was the chief financial officer prior to joining FBN Holdings.

Oyewale Joined FBN holdings September 2013, as the pioneer Head of Finance. He was promoted to General Manager and appointed as the Chief Financial Officer in 2016. He holds a Bachelor’s degree second class honors upper division in Microbiology from the University of Ilorin and a master’s of business administration (MBA) marketing from the University of Lagos. He is a fellow of the institute of chartered accountants of Nigeria (FCA), Associate of the Chartered Institute of Taxation (ACIT) the Chartered Pension Institute of Nigeria (CPIN) and the Institute of Directors (IOD) of Nigeria. He is an alumnus of the advance management Programme of the Kellogg school of Management at Northwestern University and has attended several local and international workshops, conferences and executive training programs.

Adewale L.O Arogundade, Acting Company Secretary, disclosed in a statement obtained by Investors King.

Patrick Iyamabo Profile

Patrick Iyamabo is the Chief Financial officer of First Bank of Nigeria limited and it’s subsidiaries. Prior to joining First Bank in 2016, he was a senior Vice President of strategy and M&A at First City Monument Bank(FCMB) Limited, and then the Group Chief of Financial Officer of FCMB Holdings Plc. Patrick has over 27 years professional experience in assurance and risk management, business development, accounting and finance with Nigerian and multinational institutions both within and outside the country.

Earlier in his career, he also worked with Pfizer in Lagos and New York.

Patrick also worked at Arthur and Andersen (AA) as auditor and strategy consultant, where he was also a co founding member of the information risk Management practice of AA. At various times, Patrick worked Booz Allen Hamilton in New York and LEK Consulting in Boston, providing Strategic management and specialized corporate finance services to private and listed companies.

Patrick holds a Bachelor’s degree in Pharmacy from Ahmadu Bello University, Zaria and MBA From the prestigious Wharton Business School, University of Pennsylvania, USA.

He is a member of various professional bodies including Fellow, Institute of Chartered Accountants of Nigeria (FCA), Associate, Chartered Institute of Taxation of Nigeria (ACITN); Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (HSM) and Certified Information Systems Auditors (CISA).

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Access Holdings Appoints Olanrewaju Bamisebi as Executive Director Information Technology and Digitalization

Access Holdings Plc has appointed Mr. Olanrewaju Bamisebi as Executive Director, Information Technology and Digitalization following the approval of the Central Bank of Nigeria.

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Access Holdings Plc has appointed Mr. Olanrewaju Bamisebi as Executive Director, Information Technology and Digitalization following the approval of the Central Bank of Nigeria.

Mr. Bamisebi is a seasoned professional with over 2 decades of experience spanning across information technology, consultancy, project management, talent management and development, application development as well as strategy and automation.

He has a robust Pan-African experience having managed information technology across 22 African countries in consulting, telecom, oil and gas, banking and fintech sectors.

Prior to his appointment, Mr. Bamisebi was Managing Director of FinServe Africa (Fintech arm of Kenya-based Equity Bank) and the Group Director for IT & Operations for Equity Group Holding Limited (EGHL), Kenya. Before joining EGHL in April 2019, he was the Group Chief Information Officer at the defunct Diamond Bank Plc where he resigned as a Deputy General Manager.

Mr. Bamisebi holds a Higher National Diploma in Computer Science from The Polytechnic Ibadan and two bachelor’s degrees, one in Accounting from Olabisi Onabanjo University and the other in Computing & Information Technology from the University of Derby, UK. He also obtained a master’s degree in Business Administration from Durham Business School, UK and is currently undertaking a doctorate degree in Global Strategy.

Commenting on this appointment, Mr. Osunkoya, the Chairman of the Corporation said; “Mr. Bamisebi has been selected based on his exceptionally rich, professional, academic and corporate board experience which is relevant to the needs of the Board.

“We are strongly convinced that he would be a strong contributor to the attainment of the Corporation’s strategic vision of building a globally connected community and ecosystem, inspired by Africa for the world”

The appointment notice was updated on Nigerian Exchange Group and signed by Mr. Sunday Ekwochi the company’s secretary.

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