The Nation Newspaper

Tag: restructures

  • NIPOST restructures

    NIPOST restructures

    The Nigeria Postal Service, NIPOST, has finally been restructured to make its service delivery more efficient and run on learner resources. It has collapsed its 38- territory structure and in its place put a seven-zone structure in place.

    The new structure which is with immediate effect also restructured the postal organisation into six business commercial units, including e-commerce department in order to take advantage of emerging business trends.

    Under the new arrangement, each of the six geopolitical zones of the country constitutes a zone in NIPOST. Lagos stands as a zone because of the volume of business that is handled in the area which formerly had two territories.

    The Postmaster-General of the Federation, Mr. Bisi Adegbuyi, who announced the new development in a circular, appointed Mr. Udo Ekong as Zonal Manager, in charge of Enugu; Mr. A.E Abiyangha, Zonal Manager, Ibadan; and Mr. Iroamachi, Zonal Manager, Lagos.

    Others are Mr. Adebola Ayeni, Zonal Manager, Kaduna; Mr Stephen Mbaya, Zonal Manager, Abuja; Mr. Egwu I. Egwu, Zonal Manager, Bauchi and Mr. Usman Danlami, Zonal Manager, Benin.

    According to Adegbuyi, “The restructuring is in line with the principle of delegation and devolution of powers to enable NIPOST run in a more efficient manner to engender operational efficiency, better service delivery, diversification and inclusive growth process by all the members of staff of the organisation.”

    He added that the zonal structure will make decision-taking easier as the powers to take critical decision for the good of the business.

    To man the new six business commercial units which were created in line with the reform geared towards operational efficiency and sustained growth are Mr. Wambai Yahaya, G.M Mails; Mr. Taiye Ajayi, GM Counter Services; Mr. Rufai Yahaya, GM EMS/Parcel Services; Mr. George Ngidi, GM Properties and Workshops; Mr. Osube Backshaw, GM e-Commerce and Logistics, and Mohammed Makhtar, GM Financial Services.

    The zonal managers and managers of the business units would be given revenue targets that they are expected to make, as well as create new services and seek how to deeper always existing ones.

  • IEI restructures

    IEI restructures

    International Energy Insurance (IEI) has rebounded as a result of measures employed by the Interim Board appointed by the National Insurance Commission (NAICOM).

    Its Interim Managing Director, Peter Irene who made this known in Lagos, said this was achieved in nine months.

    He said part of the restructuring undertaken include improved operational efficiency, productivity and competitiveness, sound policies including a revamping of human resources which has necessitated a right-sizing of the work force.

    According to him, the major task within the period was to quickly ascertain the vital areas of operations of the organisation that required immediate intervention and review to reposition the firm.

    Such critical areas he said, are corporate governance issues, investment policies, prompt payment of claims, products, human resources, cost management, and sales growth, among others.

    He said: “Fifty staff and 35 drivers affected by the exercise are to be given a special exit package. The brand pulse at the moment portends very positive signs of growth, now and in the future. We have addressed all issues bordering on the late submission of annual financial statements.

    “Our 2013 financial statement was approved by NAICOM while 2014 has been submitted and awaiting approval. Our external auditors are working on the 2015 financial statement with the aim of meeting the March 31 deadline set by Securities and Exchange Commission (SEC) for quoted companies. We have worked hard to retain existing business and break into new market frontiers.”

    IEI Head of Corporate Communications Tamuno Kiri added: “This is no mean feat by the Interim Board and management who have succeeded in boosting the brand equity in terms of meeting requirements for the submission of bids and improved turnaround time.

    “The staff and management wholly embrace the structural templates and policies introduced by the board as a panacea for the overall growth and stability of IEI Plc brand in line with its core values of integrity, dependability, innovation, proficiency and her aspirations to be the leading underwriter in energy and general insurance businesses.

    “The organisation is driven by her mission and commitment to be a dependable partner while delivering value to all her stakeholders.”

     

  • Airtel restructures senior management

    Airtel restructures senior management

    Airtel has announced a major restructuring of its senior management team and reorganisation of the entire business in Nigeria and the other parts of the African continent into what it tagged ‘clusters.’

    With operations in 20 countries across Asia and Africa, the telco explained in a statement yesterday that the move was to further enhance the level of empowerment and enable faster decision making as well as speed to market.

    Under the new structure, MD & CEO, Airtel Africa, Christian de Faria, has been elevated to the position of Executive Chairman, Airtel Africa. In his new role, he will continue to support the vision of Airtel Africa and lead all matters relating to legal, regulatory affairs, shareholders as well as mergers & acquisitions.

  • Owena oil restructures, appoints vice-chairman, GM

    THE appointments of Mr. Samuel Kolajo as an Executive Vice-Chairman, and Prince Claudius Olateru-Olagbegi as the General Manager in charge of operation, Owena Oil and Gas Limited, were the major decisions taken at the company’s Annual General Meeting (AGM), held in Lagos.

    In a statement by the Company Secretary, Mr. Olukayode Enitan, the firm noted that the appointees would team up with the chairman of the company, Mr. Bankole Oluwajana to move the company forward.

    According to the statement, Integrated Mineral Development Company Limited (IMDC) still holds a 70 per cent shareholding of Owena Oil and Gas Limited including 40 per cent equity participation it holds in trust for technical partners.

    The statement reads: “The oil firm is now poised to realise its full potentials with the new appointments and the setting up of proper office in Ikoyi area of Lagos.

    “With the setting up of a proper office in Ikoyi, Lagos and strategic appointment of credible and professional personnel to operate and manage its affairs, it is undeniable that the corporate and financial success of the company in the oil and gas industry is guaranteed.”

    Enitan said the shareholding formula of the company has not changed as “it still reflects the true shareholders as Ondo State and IMDC having 30 per cent and 70 per cent holdings respectively with 40 per cent held by IMDC in trust for incoming technical partners”.