The Nation Newspaper

Tag: CEO

  • TCN eyes 20,000megawatts of electricity, says CEO

    The Transmission Company of Nigeria (TCN) has pledged to increase its production to 20,000 megawatts  by 2021.

    Its Managing Director/CEO,  Mr Usman Muhammed, gave the assurance while speaking on the sidelines of the installation of a 1×60 MVA transformer at the 132/33kV Transmission Substation in Akure.

    The capacity of the substation prior to this installation was 120 MVA.

    The additional transformer has raised the capacity of the substation to 180 MVA, with many communities in Akure and its environs expected to experience a remarkable improvement in power supply.

    Mohammed said the installation of the transformer is in line with the policy of the Federal Government to expand and stabilise electricity in the country.

    He said  the Federal Government aims  to provide “operational flexibility and reliability in delivering bulk power to distribution companies, international customers as well as other customers connected directly to the national grid”.

    According to the News Agency of Nigeria (NAN), the company is implementing the Transmission Rehabilitation and Expansion Programme of the Federal Government in line with international best practices.

    He said: “The installation will also increase the total wheeling capacity of TCN  which was 7,124Mw when it was last simulated in December 2017, and I can assure you that we have resolved all bottlenecks confronting effective service delivery.

    “Currently, the Akure 330/132/33KV Substation is about 95 per cent completed. This will eventually add another 120MVA to the existing capacity in Akure.

    “I visited the station yesterday and I can confirm that it is one of the best in this country.”

    Mohammed stressed that the installation of the 1X60MVA transformer in the Akure 132/33KV substation would lead to a remarkable improvement in power supply in Akure metropolis and its environ, including Igbara-Oke, Oba-Ile and Iju/Ita Ogbolu.

    The TCN chief, however, noted that the massive investment in the sector would not lead to significant improvement in the country unless the distribution companies also invest in rehabilitation and expansion of their networks.

     

    “I wish to use this occasion to call on the distribution companies to invest in their network so that the massive investment by TCN and generation companies can lead to economic growth and development of Nigeria,” he said.

    In his remarks at the event, Gov. Oluwarotimi Akeredolu appealed to distribution companies (DisCos) to ensure that they metered all consumers of electricity to avoid the rift between their staff and customers.

    The governor said that if all consumers were provided with a meter, they would control their electricity use and this would  reduce grievances with DisCos.

    Akeredolu, who said power was a critical requirement for economic growth, noted that its impact on education, health and other facets of life could not be quantified.

  • Access Bank holds CEO awards

    Access Bank has over the weekend, organsied annual Chief Executive Officer (CEO) Awards to celebrate the achievement and commitment of its workforce.

    The Afro-infused black tie event held at the Landmark Event Center in Lagos, showcased great performances from the staff themselves, fun set pieces with palm wine cocktails, Pan-African cuisines and traditional performers with talking drums and men on stilts.

    Access Bank’s Group Managing Director/CEO, Herbert Wigwe who commended staff for their zealous work throughout the year, congratulated recipients of the various awards in different categories.

    He said: “We do not need magic to change the world, we carry all the power we need inside ourselves already; we have the power to imagine better. You all carry the power within each of you to help us succeed most especially as Access Bank is determined to be Africa’s Gateway to the world. Each year, we move several steps closer to that goal”.

    Commending and inspiring all present at the event, Wigwe said: “We do it by all of us here today playing individual and collective roles towards the achievement of the Bank’s goal as well as ensuring our customers’ expectations are constantly surpassed. We must all continue to be relentless in our pursuit of excellence.”

    In line with the bank’s vision to be the World’s Most Respected African Bank, the 2018 CEO awards was designed to celebrate employees who have done the extra to enhance the quality of service provided by the bank and project its image rightly. The award program enhances employee morale, loyalty and increased organisational productivity. The programme also supports the bank’s recruitment campaign, employee engagements and recognises the efforts of its high performing employees.

  • Now Muzik CEO charged with forgery

    Founder and Chief Executive Officer (CEO) of Now Muzik Limited, and manager of music superstar Innocent Idibia, aka 2Baba, Mr. Efe Omorogbe, was yesterday brought before an Igbosere Magistrates’ Court, Lagos for alleged forgery.

    He was arraigned by the Zone II Police Command Headquarters, Obalende, alongside Mr Joel Ajayi, 61, before Chief Magistrate O. O. Oshin.

    Efe and Ajayi are listed on the Copyright Society of Nigeria Ltd (COSON) website as Board of Directors members.

    They are standing trial on a three-count charge of forgery, use of a false document and breach of peace.

    Prosecuting Sergeant Friday Mameh told the court that the defendants and others at large, committed the offences on December 7, 2017 at No. 41, Oluwaleyimu Street, Ikeja, Lagos.

    Mameh alleged that they forged the COSON letterhead, “with intent that it may be acted upon or used as genuine…to the prejudice of COSON.

    “The offence is contrary to Section 363 and punishable under Section 376 of the Criminal Law of Lagos State, 2015.”

    Mameh said, the defendants, “with intent to defraud, knowingly use the forged COSON letterhead with intent that it may in anyway be used or acted upon as genuine whether in Nigeria or elsewhere to the prejudice of COSON.

    “The offence is contrary to Section 366(1) and punishable under Section 376 of the Criminal Law of Lagos State, 2015.”

    He alleged that the defendants also “conducted themselves in a manner likely to cause breach of peace by storming the meeting venue of Chief Tony Okoroji with thugs and disrupted the meeting proceedings.”

    The offence, according to him, contravened Section 168(d) of the Criminal Law of Lagos State, 2015.

    Omorogbe and Ajayi pleaded not guilty.

    Their counsel, S. Ehiwelele and Chibuzor Nwankobi prayed the court to admit them to bail on liberal terms.

    Chief Magistrate Oshin granted each defendant N250,000 bail with one surety in the like sum.

    She added: “Each surety must have a sustainable means of livelihood, show evidence of tax payment to the Lagos State Government and have a verifiable address.”

    The case continues on May 17.

  • OVH Energy gets CEO

    Leading downstream company OVH Energy has ap-pointed Huub Stokman its chief executive officer (CEO).

    Prior to his appointment, Stokman was the head of Puma Energy International in Angola, and was responsible for the business, which included managing retail forecourt, terminal/logistics operations, as well as B2B business for fuels, lubricants, aviation fuels and bitumen.

    Before joining Puma, he spent over 20 years at BP, during which he was responsible for sales and marketing as well as major projects across 15 European countries.

    Huub Stokman has, over the years and in various capacities, proven to be an accomplished executive leader in a number of international downstream businesses, with a history of successfully enhancing bottom-line performance.

    Speaking on his appointment, Huub Stokman said: “I am excited to have been selected to lead OVH Energy.There is remarkable potential for this business in Nigeria and together with the strong and talented OVH Energy team and our key stakeholders, I am confident we will continue to build a market leading business.”

  • FirstBank CEO named African Banker of the Year

    FirstBank CEO named African Banker of the Year

    Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, Adesola Adeduntan, has been named the African Banker of the Year in the African Leadership Magazine Persons of the Year Award which took place in Johannesburg, South Africa last weekend. He was also inducted into the African Leadership CEOs Hall of Fame at the event.

    His emergence as the African Banker of the Year is in recognition of his commitment to the noble ethics of the banking profession, strict compliance to the CBN’s reforms in the Nigerian banking industry and the economic development of the nation, coupled with his exemplary leadership in and out of the boardroom.

    The award is coming on the heels of series of nominations by the African Leadership Magazine, with focus on identifying and rewarding deserving individuals, corporate entities and governments who have excelled in leadership and entrepreneurship; proven versatility and public spiritedness laced with global best practice; contributed to a good human cause, as well as made remarkable achievements and unparalled contributions to global development.

    Responding, Adeduntan thanked the management of African Leadership Magazine for the award, stating that the award would be a further inspiration for FirstBank to continue to partner with businesses committed to the socio-economic development of the African Continent.

  • CEO advocates VAT removal on gas

    CEO advocates VAT removal on gas

    The Chief Executive Officer of Eegoga Gas, Paul Ekele, has called  for the removal of Value Added Tax ( VAT ) on gas to improve consumers’ purchasing power.

    Speaking over the weekend at the commissioning of Eegoja Gas Plant in Suleja, Ekele said that if the VAT on Premium Motor Spirit (PMS) can be removed, government should also see the need to remove VAT on Gas.

    According to him, this will create enabling environment for individuals to come into the business as the demand for gas in the country is gradually surpassing supply.

    Read Also: ‘OPS ‘ll oppose duplication of VAT, taxes ’

    “The demand for gas is becoming higher because a lot of people are coming to the awareness that gas is the cheapest and friendliest form of cooking fuel. While the supply is there, it cannot really meet up with the demand. “

    Ekele also called on the need for government to improve the road network in order to reduce the artificial scarcity usually caused when vehicles break down on the road.

    “The roads are not good and we are bringing gas from Apapa Port through the bigger trucks. In the rainy season, most of these vehicles break down on the road causing artificial scarcity. It is not as if gas itself is scarce. We hope the present government will work on the bad roads to make gas available to the people. “

  • Ecobank CEO praises Okpekpe road race upgrade

    Ecobank CEO praises Okpekpe road race upgrade

    The Managing Director/CEO, Ecobank Nigeria Limited, Charles Kie, has commended Pamodzi Sports Marketing, organisers of 10 kilometre Okpekpe International Road Race on the recent upgrade of the Road Race to silver Labe. The upgrade was done by International Association of Athletics Federations (IAAF).

    He said the elevation does not only lend credence to the standard and popularity of the Race, but also represents a milestone in the development of sports in Nigeria.

    Kie said the upgrade further justifies Ecobank’s consistent support to the annual event. He reiterated that the Okpekpe’s vision of a top quality competition that affords top athletes from across Africa the opportunity to compete and socialize ties with the bank’s pan-African posture.

    He maintained that the bank supports and encourages creativity and excellence among Africans, especially the young people, who are the future of the continent.

    In his words “we are delighted to be a strong part of the success story of the Okpekpe Road Race, especially on this latest elevation to the Silver Label Race, which is the first to be so recognised in West Africa”.

    The annual Okpekpe international 10km Road Race has had Ecobank Nigeria as its major banking partner. The Road Race is the first and only road race in Nigeria that has been granted full membership of Association of International Marathons and Distance Races (AIMS) and recognised as one of the prestigious road races in the world.

  • Credit Direct CEO, others train entrepreneurs

    Credit Direct Managing Director, Akin Ademosu and other stakeholders in the finance industry have trained entrepreneurs on key steps to achieve business growth and success.

    Speaking at the fourth Triple A annual retreat in Lagos, Ademosu explained that success in today’s economy requires that business leaders and corporate entities create positive memories for their customers or partners.

    He shared his over 15 years’experiences on how he turned a business of N200,000 into a company with over 30 branches across the country.

    The event organiser and entrepreneur, Ade Adefemi, said it had remained a forum, which yearly,  brings together people from various sectors to help nurture and expand their ideas.

    The primary purpose of the forum, he said, was to promote Small and Medium Enterprises’ (SMEs) operations.

    Adefemi and others shared insights from the businesses they run and how they have kept them on the cutting edge.

    Another speaker, Cornel Agwu, spoke on personal finance management and improvement. He helped the participants to discover various perspectives on how to increase their finances in the coming year.

    A communications expert, Ifeoma Williams, who spoke on how branding and communications skills can increase the bottom line or the lack of it and subsequently put a business in a precarious situation, however, pointed out cutting edge strategies which individuals or organisations can use to reposition themselves for future growth.

    The event, which had breakout sessions, enabled participants to develop practical approach to business development and growth.

  • Allianz Ghana appoints Munhuwani as CEO

    Darlington Munhuwani joined Allianz Ghana on December 1, as the Chief executive Officer (CEO) for non-life insurance.

    He succeeds Patrick Prado, who is taking on a new role as CEO of Allianz Ghana Life Insurance, to develop this segment in the Ghanaian market.

    Darlington has over 25 years’ experience gained in Botswana, Swaziland, Zambia, Zimbabwe and South Africa.

    He joins Allianz from Aon where he was the Regional Director and Controller for Global and Multinational clients.

    Regional CEO Africa of Allianz, Coenraad Vrolijk said they were fortunate to have Munhuwani, a truly pan-African insurance expert on board to lead their future growth and build our brand in Ghana.

    Already, one of our most important markets in the continent and with so much potential, he added.

  • Haruna Jalo-Waziri takes over as CEO at CSCS

    The board of directors of the Central Securities Clearing System (CSCS) Plc has appointed Mr. Haruna Jalo-Waziri as the managing director of the company. Jalo-Waziri resumed on November 1, 2017 following the approval of his appointment by the Securities and Exchange Commission (SEC).

    Mr. Jalo-Waziri replaced Mr. Bola Adeeko who was appointed Interim Chief Executive Officer effective January 1, 2017 whilst the board embarked on an executive search for a substantive chief executive following the early retirement of the company erstwhile chief executive officer, Mr. Kyari Bukar.

    Jalo-Waziri is expected to drive the next phase of CSCS strategic goals in respect of diversification of the company’s revenue base, promoting strategic alliances with peer Central Securities Depositories and other financial market entities within and across the African region, as the company continues to advance towards becoming the globally respected and leading Central Securities Depository in Africa.