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Meet the New Ecobank Managing Director Designate, Mr Lawal Jubril

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Lawal Jubril

Ahead of the retirement of Mr Patrick Akinwuntan, the current MD of Ecobank, Mr Jubril Lawal has been announced as the new managing director designate of Nigeria operation and regional executive of Ecobank. He is to replace Mr Akinwuntan come January 2022 when his retirement will be due.

Meanwhile, the appointment is still subject to the approval of the Central Bank of Nigeria, the Bank said in a statement on Monday.

Speaking of his expertise in the banking sector, the Monday statement intimate that Jubril Lawal joins Ecobank having been a versatile senior banking executive and digital transformation specialist for over 28 years with Guaranty Trust Bank Plc. He has deep involvement and experience in digital and retail banking, corporate and commercial banking, credit risk management and corporate finance.

Mr Mobolaji Lawal holds a Bachelor of Law degree from the Obafemi Awolowo University, Ile-Ife and a B.L. from the Nigerian Law School. In addition to this, he possesses a Master of Business Administration from Oxford University, United Kingdom.

Similarly, to his credit, he has several completed management and banking developmental programmes. He is a trained management expert at institutes such as Harvard Business School, Stanford Graduate School of Business among others.

Apart from his certifications and academic qualification, he was an Executive Director at GTBank Plc Nigeria, and Non-Executive Director at both GTBank Ghana and Nigeria Interbank Settlement Systems Plc.

He is reputed to have led the team that envisioned and implemented GTBank Plc’s retail and digital banking strategy to achieve industry-wide leadership over a ten-year period. He has introduced new products and solutions that have helped to deepen payments and access to digital financial services in Nigeria

Upon the announcement, several positive and assuring comments have been rolling in for the new MD. From the CEO of Ecobank Group to the Chairman of the bank’s board, it has all been extortion and expression of their strong belief and confidence that Mr Lawal coming on board is a great decision.

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Appointments

Eterna Plc Appoints Benjamin Nwaezeigwe as Substantive Managing Director

Eterna Plc, one of Nigeria’s indigenous oil companies, has appointed Benjamin Nwaezeigwe as the substantive Managing Director and Chief Executive Officer of the company effective 1st August 2022.

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Eternal Oil - Investors King

Eterna Plc, one of Nigeria’s indigenous oil companies, has appointed Benjamin Nwaezeigwe as the substantive Managing Director and Chief Executive Officer of the company effective 1st August 2022.

Nwaezeigwe was the Acting Managing Director/Chief Executive Officer of the Company, a role he occupied since 17th April 2022 till this appointment.

He brings to this role a wealth of experience spanning almost two decades from different sectors of the economy with a specific bias for Oil & Gas.

Mandella Golkus, Company Secretary and Legal Adviser, disclosed in a statement obtained by Investors King.

Benjamin Nwaezeigwe Background

Mr. Nwaezeigwe worked at Rainoil Limited and rose to the position of Deputy General Manager in charge of the Group’s operations and overseeing trading and marine activities and the operation of 3 (three) petroleum products storage depots. Prior to joining Eterna Plc as the Chief Operating Officer in December 2021, he founded BHR International Ventures Limited (BHR), a privately owned indigenous downstream company in Nigeria and was its former Chief Executive Officer.

He holds a Bachelor of Science degree in Industrial Chemistry from Ambrose Ali University, as well an MBA in Production and Operation Management from Lagos State University, Lagos.

He has attended capacity building training programs offered by reputable institutions in and outside Nigeria.

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Appointments

UBA Appoints New Group Managing Director, Executive Board Members

United Bank for Africa appointed Oliver Alawuba to oversee the bank’s operations across 20 African countries, including the United Kingdom, the United States, France, and the United Arab Emirates.

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Oliver Alawuba - Investors King

United Bank for Africa, a leading financial institution in Nigeria, has appointed Oliver Alawuba as Group Managing Director to oversee the bank’s operations across 20 African countries, including the United Kingdom, the United States, France, and the United Arab Emirates.

The bank that was just licensed to operate in the United Arab Emirates disclosed in a press release signed by Bili A. Odum, Group Company Secretary.

Mr. Alawuba is expected to resume his new position on August 1, 2022, subject to approval by the Central Bank of Nigeria.

Oliver Alawuba joined UBA in 1997 and has held a series of senior positions, including as the CEO of UBA Ghana, the CEO of UBA, Africa and most recently, as Group Deputy Managing Director.

UBA Group Chairman, Tony Elumelu, stated ‘I am very pleased to announce Oliver Alawuba as the new Group Managing Director of the UBA Group. Oliver has extensive experience in Nigeria and our African network and is well equipped to advance our pan-African and global strategy.

I have no doubt that Oliver will build on the legacy of Kennedy Uzoka, who has exemplified transformational leadership by championing a customer-first philosophy; launching our twentieth operation in Africa, UBA Mali; acquiring a wholesale banking licence for UBA UK in the United Kingdom; and opening our fourth global operation, UBA Dubai, in the United Arab Emirates”.

Oliver Alawuba expressed his commitment to his new role as Group Managing Director saying “I am grateful for the opportunity to lead this great institution and would like to thank the UBA Group Chairman and the members of the Board of Directors for the confidence they have put in me to deliver the mandate.”

Other executive appointments are:

  • Ms. Sola Yomi-Ajayi, Executive Director, Treasury and International Banking. Sola has been with the Group since 2004 and has considerable international experience, culminating in her appointment as CEO of UBA America.
  • Mr. Ugochukwu Nwagodoh, Executive Director, Finance and Risk Management. Ugo joined the Group from PwC in October 2004. He has since held a series of significant roles in the areas of performance management, compliance, financial control and reporting.
  • Mr. Alex Alozie, Executive Director and Group Chief Operating Officer, who joined the Group in 2019 and has driven the Group’s digital transformation and operational efficiencies.
  • Ms. Emem Usoro, Executive Director, North Bank. Emem joined the Group in 2011 and has served in a series of senior regional appointments across Nigeria, covering the retail, corporate and public sectors.

The appointments as after the following executive directors retired: Mr. Kennedy Uzoka, Mr. Uche Ike, Mr. Chukwuma Nweke, Mr. Ibrahim Puri and Mr. Chiugo Ndubisi.

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Appointments

Ellah Lakes Appoints Paul Farrer as Deputy Managing Director

Ellah Lakes Plc has appointed Mr. Paul Farrer as its new Deputy Managing Director to oversee the company’s operational growth and development.

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Ellah Lakes

Ellah Lakes Plc has appointed Mr. Paul Farrer as its new Deputy Managing Director to oversee the company’s operational growth and development.

Ellah Lakes announced in a statement signed by Olumoroti Alli, a staff of OAKE Legal, ( the Company Secretary).

Prior to his appointment, Paul Farrer was the Country Manager for Innscor International, then the Group Executive Director & Chief Operating Officer of Food Concepts Plc.

His last Seven (7) Years in Nigerian Private Sector have been spent as the CEO of Nascon Allied Industries PLC, leading a team of over 600 staff. NASCON Allied Industries Plc. is also listed on Nigerian Exchange Limited.

Mr. Farrer will be responsible for the operational growth and development of the Company, and the expansion of the Ellah Lakes Staple Crop Processing Zones (SCPZ’s) strategy across Nigeria.

Commenting on the appointment, the Chief Executive Officer, Chuka Mordi said “We are very happy and excited about the extremely valuable addition of Paul to the team. He has a proven track record both internationally and in Nigeria”.

“We have set ambitious growth targets for Ellah Lakes Plc, and Paul Farrer possesses the wealth of experience required to develop companies in the challenging Nigerian environment. We are very glad to welcome him on board to strengthen the Ellah Lakes Executive team”.

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