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Veritas Kapital Assurance Appoints Mrs. Oyindamola Unuigbe as an Executive Director

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Veritas Kapital Assurance - Investors King

Veritas Kapital Assurance Plc, one of Nigeria’s leading insurance firms, on Monday announced the appointment of  Mrs. Oyindamola Unuigbe as an Executive Director of the Company.

The appointment of Mrs. Oyindamola Unuigbe as Executive Director, Operations is subject to the final approval from the National Insurance Commision (NAICOM), the company disclosed in a statement signed by Saratu Umar Garba, Company Secretary and Legal Adviser.

Oyindamola Profile

Oyindamola brings to bear over two decades of hands-on expertise in the insurance and financial services sectors. She combines experience in entrepreneurship, underwriting; reinsurance; portfolio management; product and business development; enterprise risk management and sales and marketing; acquired across leading international and local organizations.

Preceding her appointment as Executive Director at Veritas Kapital Assurance Plc, Oyindamola served as Head, Business Development, South wherein she was responsible for overseeing business procurement and total service delivery activities of branches in the Southern region of Nigeria.

Her over 27-year career includes working as an Accounts Manager with Brokerlink Inc.; one of Canada’s largest brokerage firms; Primerica Life Insurance Company, Alberta Canada; where she developed key competencies in the areas of processes and procedures that conform to the international practice of General and Life Insurance,
Standards and Regulatory Compliance requirements.

She started her career at the Lagos office of SCIB insurance brokers and subsequently worked at Citi Trust insurance brokers and the Nigeria Reinsurance Corporation where she served as a senior manager.

Oyindamola holds a Bachelor’s degree from the University of Ife, Nigeria. She is an Associate of both the Chartered Insurance Institute of London (ACII) and Nigeria (ACIIN) and is a recipient of various prestigious international certifications encompassing general insurance, life insurance and professional risk management.

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

CSCS Reappoints Haruna Jalo-Waziri As CEO

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CSCS-Investors King

The board of the Central Securities Clearing System has approved the re-appointment of the Chief Executive Officer, Mr. Haruna Jalo-Waziri, for another five-year term.

CSCS disclosed this in a statement on Tuesday, saying the company had seen a major boost in its revenue base and had also built strong strategic alliances with other financial market entities across Africa during Jalo-Waziri’s tenure.

It said Jalo-Waziri led the company’s profit growth by 18 percent compound annual growth rate and delivered a 20 percent return on average equity in the 2020 financial year amidst the pandemic.

The Chairman, CSCS, Mr. Oscar Onyema, said the board was impressed with the CEO’s performance and that the foundation built by the team had positioned the firm for its next growth phase.

Onyema said, “That is why we are aiming to consolidate on our gains and diversify the business for sustainable growth.

“On behalf of the board, I congratulate Mr. Jalo-Waziri on this reappointment, which reflects our vote of confidence and greater expectations from him in creating value for shareholders and broader stakeholders of CSCS.”

Jalo-Waziri appreciated the board for the reappointment.

“I am tremendously proud of the talent pool we have built here at CSCS. As we set out to diligently execute our next growth strategy, I am super excited at the future of this great institution and look forward to deepening our partnership with different stakeholders for mutual prosperity,” he said.

He added that he would continue to count on the support of the Securities and Exchange Commission, the board, participants and other stakeholders in deepening the Nigerian capital market.

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Appointments

Airtel Africa Appoints Tsega Gebreyes as an Independent Non-executive Director

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Airtel Africa Plc - Investors King

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”.

 

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Appointments

Chemical and Allied Products Plc Appoints Mr. Folasope Aiyesimoju as a Non-Executive Director

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Chemical & Allied Products (CAP) Plc - Investors King

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.

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