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WhatsApp Co-Founder Brian Acton Appointed Interim CEO of Signal as Founder Steps Down




Brian Acton, co-founder of Whatsapp, the popular instant messaging (IM) platform has been appointed as the interim Chief Executive Officer of Signal Messenger LLC, another encrypted IM service whose founder, Moxie Marlinspike steps down from.

Marlinspike in a statement said that Acton will serve as Signal’s interim chief as the company is still hunting for a permanent replacement.

According to the CEO, his goal has always been for the 7-year-old company to grow and sustain beyond his involvement as chief. Disclosing why he had not been able to step down before now, Marlinspoke noted that as of four years ago, he was still the one writing all of the Android and server code for the service and was the only person on call. He was also doing all of the product development and even had to keep his laptop handy at all times in the event of a service disruption.

From the company’s inception in 2014, it has recorded over 105 million downloads globally. Signal’s service which for users can optionally function as an SMS app, can be used to make one-to-one and group audio and video calls. Its users are also able to send one-to-one and group messages, which can include files, voice notes, images and videos.

The platform boasts of approximately 40 million monthly active users. Signal states that it has been installed in over 50 million Android devices.

Speaking on the growth of the service, Marlinspike revealed that Signal currently has 30 employees comprised of engineers, designers, support staff and a leadership team. The platform’s boss also mentioned that now, he rarely writes code now and no one person is ever perpetually on call.

Marlinspike expressed that he now feels comfortable replacing himself as CEO even though his company has been searching for a new head for months. In a tweet, he said, “It’s a new year! I’ve decided it’s a good time to replace myself as the CEO of Signal”.

Through the announcement of his resignation, Marlinspike said he hopes it will help find the best person to fill the CEO spot permanently. He will still remain on the Signal board and will transition out of the CEO role to help with the search for a permanent replacement.

The interim CEO, Brian Acton’s job takes effect this week. The new head of the service who volunteered for the role had worked with Apple, Yahoo and Adobe Systems before co-founding Whatsapp with Jan Koum in 2009 and Signal Foundation with Marlinspike in 2018.

Joy Uyino is an avid writer who specializes in stories relating to business, agriculture, technology, education and health. She has written for NTA Channels 10, Lagos and Core News Nigeria. Joy is also an educator with many years of experience.

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Polaris Bank Boss, Bolarinwa Emerges as President of ACAMB



The Head of Corporate Communications, Polaris Bank, Rasheed Bolarinwa was on Wednesday, elected as the president of the Association of Corporate Affairs Managers of Banks (ACAMB).

Rasheed Bolarinwa who has served the association as secretary-general for two terms emerged was declared president after the conclusion of the election in Lagos.

He was sworn-in alongside other elected executives– Oze Kalu as 1st vice-president (FirstBank); Lola Egboh as 2nd vice-president (First City Monumental Bank, FCMB); Sipe Babajide as secretary-general (EcoBank); Omide Odekina as assistant general-secretary (United Bank for Africa, UBA). 

Others were: Patrick Osilaja as financial secretary (Fidelity Bank); Funmilayo Falola as treasurer (Wema Bank); Abdul Imoyo as publicity secretary (Access Bank); Utulu Ozena as social secretary (Heritage Bank).

Speaking shortly after the swearing-in, the new president said, “we have no time to waste. Work commences immediately.”

He appreciated the members of the association for giving him the privilege to serve. 

He also thanked the immediate past executives and vowed to continue in their good works while exploring greater dimensions to move the association forward.

Bolarinwa hinged his agenda on the theme– PEAL which means Partnership & Platform, Engagement, Advocacy and Learning & Value addition. 

He said, “The new leadership will work assiduously to deliver an ACAMB that encourages and ensures every marketing communication staff in banks aspires and attains the highest level of professional recognition and fulfilment on the job while at the same time being assured of a sustainable livelihood long after exiting the industry.”

ACAMB is an umbrella body for managers and public relations professionals in the Nigerian banking sector. It was established in 1996 as a response to the negative perception of the banking industry during that period.

The objective of the association is to enhance the working relationship amongst banks, the government and the public.

It also aims to solidify trust and confidence amongst stakeholders for the growth of the banking sector.

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C & I Leasing Appoints Ugoji Lenin Ugoji as Group Managing Director/CEO



Ugoji Lenin Ugoji

C & I Leasing Plc has appointed Mr. Ugoji Lenin Ugoji as the Group Managing Director and Chief Executive Officer following the retirement of Mr. Andrew Otike-Odibi on 31 of December 2021.

The company disclosed in a statement signed by Mbanugo Udenze & Co Company Secretary and seen by Investors King. Ugoji, the company’s chief operating officer, is now the Managing Director/CEO, effective 1 January 2022.

Ugoji Lenin Ugoji Profile

Ugoji holds a Bachelors’ Degree in Estate Management from the University of Lagos, and an MBA in Banking & Finance from the ESUT Business School, Enugu. He is also a Chartered Pension professional, and an associate of the Certified Pension Institute of Nigeria.

Ugoji joins C & I Leasing with over 20 years experience in Commercial/Investment Banking, Leasing and Asset Management.

His last assignment was with The Mellanby Trust Company, a Commodity focused Asset Management Company registered with the Securities & Exchange Commission (SEC), where he was a founding Director and the Chief Investment Officer responsible for directing the company’s Investment Portfolio structure for purposes of its corporate and individual clients.

Ugoji’s extensive experience in the Leasing Industry commenced in 2005 as a Pioneer member of the Aquila Capital Group where he served as the pioneer Group Head Treasury & Wealth Management. He was responsible for creating the Group’s, Equipment Leasing focused Funding and Investment structure, which was targeted at attracting Capital from Private Equity, Foreign Development Financial Institutions and Local sources.

From 2010 to 2015, he served as the pioneer Managing Director for ‘Aquila Asset Management Ltd’, a Management Buy-Out firm from the Aquila Group. Prior to his time at the Aquila Group, Ugoji worked at Continental Trust Bank (now UBA) and NAL Bank Plc (now Sterling Bank) in the Treasury, International Operations and Domestic operations groups respectively.

Ugoji is happily married with children. He is passionate about ideas creation, investment and deal structuring, and enjoys volunteering for laudable causes. When not at work or volunteering, he enjoys spending time with his family, reading, music and photography.

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C&I Leasing Appoints Cordros Registrars as its Registrar



C&I Leasing - Investors King

C&I Leasing Plc, a Nigerian leading maritime company, has appointed Cordros Registrars Limited as its registrar for share registration and data management service provider.

The company disclosed this in a statement filed with the Nigerian Exchange Limited and obtained by Investors King.

Cordros Registrars Limited has now replaced Centurion Registrars Limited and takes over the Register of Members of C & I Leasing Plc effective 1st January, 2022.

The statement reads “C&I Leasing Plc hereby notifies Nigerian Exchange Limited (NGX), its shareholders and the investing public of the appointment of Cordros Registrars Limited as its REGISTRARS – SHARE REGISTRATION AND DATA MANAGEMENT SERVICE PROVIDER.

“Cordros Registrars Limited replaces Centurion Registrars Limited and takes over the Register of Members of C & I Leasing Plc effective 1st January, 2022.”

Speaking at a virtual press conference at the weekend, the Chief Executive Officer, C & I Leasing Plc, Ugoji Ugoji, revealed the company’s plans to explore opportunities in the digital space to improve its revenue despite the negative effects of the pandemic.

Explaining how the company planned to achieve this, he said by increasing and enhancing its collaboration and the creation of new business models to navigate the impact of the COVID-19 crisis, the company will remain more profitable and competitive in the industry.

He also stated that the company would continue to look at the existing businesses to identify areas of improvement.

“We must be able to adapt and manage the resources of the company to improve on our processes to reduce the cost of transactions and grow our topline revenue,” he said.


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