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Dangote announces new appointments for strategic growth sustenance

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In order to strengthen the group’s Executive management team and sustain its strategic business growth trajectory, Africa’s foremost indigenous conglomerate, Dangote Industries Limited (DIL) has announced new appointments.

In the new organizational rejig, Olakunle Alake the erstwhile Chief Operating Officer (COO) is now the Group Managing Director and Dr. Adenike Fajemirokun, the Group Chief Risk Officer has been elevated to the office of Group Executive Director, President’s Office, where she will take on new roles in addition to her schedule as the Risk Officer. She is the first ever female executive director in Dangote Group.

Adenike Fajemirokun, the Group Chief Risk Officer has been elevated to the office of Group Executive Director, President’s Office

The management also announced the appointment of Austine Ometoruwa as Group Executive Director, Corporate Finance and Treasury.

Earlier the Board of Dangote Cement Plc, global, announced the appointment of Cherie Blair and Mick Davies as Independent Non-Executive Directors.

President/Chief Executive, Dangote Group, Aliko Dangote, speaking on the new appointments said “it is exciting seeing a female occupy such a high position. We are gender sensitive and create equal opportunities for both male and female to get to the top.”

“The new appointments are to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory”, he added.

Olakunle Alake, the erstwhile Chief Operating Officer (COO) is now the Group Managing Director

Alake has been the Chief Operating Officer of Dangote Industries Limited since 2007. He serves on the board of Dangote  Sugar  Refinery  Plc, NASCON Allied Industries PLC, Dangote Cement PLC and Dangote Flour Mills PLC.  Mr.  Alake’s experience  spans 34  years  which covers banking, management consultancy and manufacturing industries.

He  joined  Dangote Group in July 1997 and served  as its Financial Controller and Head of  Strategic Services till 2001 when he was appointed to the board of Dangote Industries Limited as Executive Director/ Group Strategist.

Austine Ometoruwa, Group Executive Director, Corporate Finance and Treasury

He started his  working career at PricewaterhouseCoopers, a  firm  of  Chartered Accountants in September 1984 and left in 1990 to join Liberty Merchant Bank Limited as the Financial Controller for three years.

Between August 1993 and July 1997, Mr. Alake served as the Managing Director/Chief Executive Officer of Liberty Merchant Securities Limited and was part of the team that provided consultancy services for the smooth take-over of the International Trust Bank Plc, by Dangote Group in August 1996. He is a Fellow of the Institute of Chartered Accountants of Nigeria. Mr. Alake holds a Bachelor’s degree in Civil Engineering from Obafemi Awolowo University, Ile-Ife in 1983.

Dr. Fajemirokun, a consummate Risk Management & Insurance specialist has over 18 years diverse experience in developing and implementing risk management strategies in Financial, Engineering, Manufacturing and other industries.

She started her career with Ove Arup and Partners as a Fire Engineer where she was responsible for carrying out qualitative and quantitative risk assessment of various assets and developing risk assessment frameworks for quantifying identified risks.

She later joined Deutsche Bank AG, UK, and served in  senior leadership roles such as Director and Global Head Operational Risk, Head of Transaction Management Group for leverage finance at the Corporate and Investment Bank. Prior to specializing in the Risk Management field, she held positions in finance as a front office quantitative analyst at Goldman Sachs London and New York.

Dr. Fajemirokun worked with First Bank of Nigeria  where she developed the operational risk management framework for the bank as well as  its Business Continuity Certification by the British Standard Institute. She also managed and tracked the firm’s risks across all directorates, transaction services and alternative investments.

Cherie Blair, Independent Non-Executive Director

In 2010, She founded and headed AFRisk Management Consultants Limited which developed the enterprise risk management frameworks for some of the country’s major institutions including Central Bank of Nigeria, First Bank Nigeria  and First Bank Capital Plc.

She was appointed Chief Risk Officer of Dangote Group in 2013 and leads the Risk Management Functions for the Group and its various Businesses where she oversees the company’s governance model and enterprise risk program. She develops and manages processes to identify, assess, monitor and reduce risks that could interfere with the achievement of the company’s goals and objectives. She is also responsible for managing the Group’s Insurance, Procurement Portfolio and Logistics.

A holder of B.Eng. in Civil, Structural and Fire Engineering and a Ph.D. in Risk Informed Engineering both from the University of Manchester, UK, Dr. Fajemirokun is a Fellow of the Engineering and Physical Sciences Research Council (EPSRC) and Specialist member (SIRM) of the Global Institute of Risk Management. She is also a visiting professor at the University of Manchester, UK. She has been recognized globally for her work with the Operational Riskdata Exchange Association (ORX), Institute of Risk Management, UK. She is a member of the Lagos State Research and Innovation Council.

Ometoruwa is an accomplished international investment banker. Prior to joining the Dangote Group as the Group Executive Director, Corporate Finance and Treasury, Austine Ometoruwa provided advisory services to the Dangote Group over the past 25 years in his capacity as the Executive Chairman of his firm, Boston Trico Capital LLC.

He started his professional career as a credit analyst at Chase Manhattan Bank. He thereafter progressed to Bank of Boston as the General Manager in Nigeria before moving on to Standard Bank of South Africa (Stanbic) as Strategy Consultant.

Mr Ometoruwa was the first Nigerian appointed as Executive Director to the Board of Citibank Nigeria leading its West Africa investment banking and subsequently as CEO and Regional Director of Corporate & Investment Bank, Citibank Middle East North Africa (MENA) operating in Cairo, London & New York.

Mr Ometoruwa setup and launched the Africa Finance Corporation (AFC) as the founding President and CEO.

He was awarded the Dean’s Prize and First Class Honours Bachelor’s Degree in Banking and Finance from the University of Lagos, Lagos, Nigeria.

Cherie Blair CBE, QC is a leading barrister with over 35 years’ experience in arbitration, mediation, public international law, human rights, employment law and European Community law. She studied law at the London School of Economics (LSE) and graduated with a First Class Degree in 1975. While studying for her Bar examinations she also taught Law at the University of Westminster. Cherie came top of her year in her Bar examinations and was called to the Bar in 1976. She was appointed Queen’s Counsel (QC) in 1995.

In 2000, shortly before the implementation of the Human Rights Act, Cherie and 21 other prominent Barristers set up a ground breaking legal practice, Matrix Chambers. She has also argued cases in the House of Lords, one of the most well-known being the Begum case. She is an accredited Advanced Mediator under the ADR Chambers/Harvard Law Project and an Elite Mediator with Clerksroom.

Cherie Blair, has appeared in the European Court of Justice and in multiple Commonwealth jurisdictions and also lectures internationally. She is the Chancellor Emeritus and Honorary Fellow of Liverpool John Moores University; Governor Emeritus and Honorary Fellow of the LSE and the Open University (D.Univ.Open 1999); LLD (Hons), University of Liverpool (2003); Hon.D.Lit UMIST (2003); Doctor of Laws (Westminster University).

Cherie Blair is the Founder and Chair of Omnia Strategy where she focuses on strategic international legal and advisory work and practices as a barrister, representing over 30 governments as well as numerous multinational corporations in international disputes.

In 2012, she was designated to serve on the ICSID panel of arbitrators and is a panellist at the Kuala Lumpur Regional Centre for Arbitration. She continues to work independently, primarily as an arbitrator and mediator

Cherie is closely involved with various charities and is a strong advocate for women’s rights. She is the founder of the Cherie Blair Foundation for Women, which runs programmes to support women entrepreneurs across the developing world, including Africa. She is also Vice Chair of the International Council on Women’s Business Leadership founded by Secretary Hillary Clinton.

Cherie sits as an Honorary Chair of the World Justice Project. In 2007, she received the Eleanor Roosevelt Val-Kill medal in recognition of her high ideals and courageous actions.

In 2013, she was awarded the CBE in the New Year Honours for her services to women’s issues and to charity in the UK and overseas.

Cherie is also an active campaigner for prison reform and was ‘President of The Commission on English Prisons Today’ between 2007 and 2009, under the auspices of the Howard League for Penal Reform.

She is an adviser to “B Team,” a not-for-profit initiative formed by a global group of leaders, to be a driving force for social, environmental and economic benefit. She is wife of former British Prime Minister Tony Blair.

Sir Mick Davies is currently Chairman of Macsteel, a global trading shipping company, and Chief Executive of the Conservative party of the United Kingdom.

Davies has occupied several directorship positions. From 2001 to 2003, he was Chief Executive of Xstrata Plc, one of the world’s largest global diversified mining and metal companies; executive director and chief financial officer of Billiton Plc; Chairman of Billiton Coal and Executive Director of South African State-owned Eskom.

With extensive capital markets and corporate transaction experience, he has raised over US$40 billion from global capital markets and successfully completed over US$120 billion of corporate transactions. He participated in the creation of the lngwe Coal Corporation in South Africa; listing of Billiton on the London Stock Exchange; merger of BHP and Billiton into the largest diversified mining company in the world and the successful merger of Xstrata and Glencore amongst others.

Sir Davies is the immediate past President of the Council of Members and Chairman of the Board of Trustees of the Jewish Leadership Council in the United Kingdom, member of the Brookings International Advisory Council and a Trustee of the Institute of National Security Studies, Israel.

He is a Chartered Accountant by profession and an alumnus of Theodor Herzl School in Port Elizabeth. He holds an honours degree in Commerce from Rhodes University. South Africa, and an Honorary Doctorate from Bar llan University. In the 2015 Queen’s birthday Honour’s list, he was made a Knight’s Bachelor

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‎Bode Market Inferno: ‘You Are Not Alone,’ Oseni Tells Victims, Donates ₦20m, Seeks FG Intervention

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The All Progressives Congress (APC) candidate for Oyo South Senatorial District in the 2027 general election and member representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Hon. Aderemi Oseni, has donated ₦20 million to victims of the recent fire outbreak at the Bode Traditional Herbs and Other Products Market, popularly known as Iso Alagbo, in Ibadan South-West Local Government Area of Oyo State, while assuring the affected traders of additional intervention from the Federal Government.

‎Oseni made the donation during a sympathy visit to the market on Monday, where he met traders whose shops, traditional herbs, medicinal products and other valuables were destroyed by the devastating inferno. His message of hope and support was contained in a statement issued by his Media Aide, Idowu Ayodele, and made available to journalists in Ibadan.

The federal lawmaker said he visited the scene to personally identify with the victims, describing the incident as a painful tragedy that had wiped out years of hard work and investments, leaving many families devastated and uncertain about their future.

‎”Today, I visited the Bode Traditional Herbs and Other Products Market, popularly known as Iso Alagbo, to personally identify with our fathers, mothers, brothers and sisters who suffered devastating losses in the recent fire incident. Walking through the ruins and listening to the heartbreaking stories of the affected traders was deeply emotional,” Oseni said.

‎According to him, many of the traders watched helplessly as years of sacrifice and labour went up in flames, noting that what the victims lost extended far beyond goods and property.

‎”For many families, what was destroyed was not just merchandise but their means of livelihood and hope for a better tomorrow. I could see the pain in their eyes and hear the despair in their voices. This is a tragedy that calls for compassion and collective support,” he added.

The chairman , House Committee on Federal Roads Maintenance Agency (FERMA) stressed that leadership must be measured not only by words of sympathy but by practical actions capable of restoring hope to people in times of adversity.

‎”In moments like this, leadership must go beyond words of sympathy. It must be demonstrated through compassion, presence and meaningful support. That is why I have come not only to sympathise with the victims but also to stand with them through tangible assistance,” he said.

‎To cushion the immediate hardship occasioned by the disaster, the APC senatorial candidate  donated ₦20 million to the affected traders, acknowledging that while no amount of money could adequately compensate for the huge losses suffered, the intervention was intended to provide immediate relief and help many victims begin the difficult process of rebuilding their businesses.

‎The lawmaker also assured the victims that he would engage relevant authorities at the federal level to facilitate additional intervention for those affected, saying every available avenue would be explored to ensure the traders receive the support needed to recover from the unfortunate incident.

‎”We will continue to engage the appropriate authorities at the federal level to seek additional intervention and support for those affected. We will explore every available avenue to ensure our fathers, mothers, brothers and sisters are not left alone to bear this burden. Together, we will overcome this challenge,” Oseni assured.

‎He commended the resilience of the affected traders despite the painful losses and prayed for divine restoration for every victim.

 “To every trader affected by this unfortunate incident, please know that you are not alone. Your resilience inspires us. I pray that Almighty God grants everyone the strength to recover, restores every loss and continues to protect our communities from tragedies of this nature. By His grace, hope will rise again, businesses will flourish again and brighter days will surely return,” he said.

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Presidency to EFCC, DSS, Police: Expose insiders behind fake presidential agency

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The Presidency on Friday directed the Economic and Financial Crimes Commission, the Department of State Services and the Nigeria Police Force to identify and prosecute officials who allegedly collaborated with Adeyemi Adeniyi Matthew in operating the purported Presidential Foreign Intervention Promotion Council, a body it described as non-existent.

It also accused the suspect of attempting to drag the Chief of Staff to the President, Femi Gbajabiamila, into what it described as a criminal enterprise through a sustained smear campaign.
The Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, disclosed this in a statement posted on his verified X handle on Friday.

According to Ajayi, investigations must go beyond Adeniyi to uncover those within government institutions who allegedly facilitated his activities.

He said, “What is not in doubt is that internal collaborators enabled Adeniyi to get this far. That is precisely what investigators from the DSS, the Police and the EFCC must now unravel.

“The criminal network within the affected institutions must be dismantled, and everyone found to have played a role should be arrested and prosecuted.”

The presidential spokesman described Adeniyi as “an irredeemable con artist,” accusing him of exploiting public perception about corruption to divert attention from the allegations against him.

He said, “In Nigeria, the easiest and most believable allegation anyone can throw at a public officer is corruption. Once that accusation is thrown into the mix, the water is polluted, the lines are blurred, and everyone is kept busy arguing over distractions rather than the real issues.

“Matthew Adeniyi understands Nigerian public psychology, and he is exploiting it expertly to shield himself. He is an irredeemable con artist who is attempting to drag the name of the Chief of Staff to the President, Femi Gbajabiamila, into his criminal enterprise. The Chief of Staff is simply his last straw.”

Ajayi further alleged that investigators must establish how Adeniyi allegedly forged presidential appointment letters, operated 34 bank accounts in the names of fictitious government agencies, hosted foreign ambassadors and opened a Central Bank account while allegedly parading himself as the Director-General of the non-existent Presidential Foreign Intervention Promotion Council.

He maintained that exposing those who aided the suspect was crucial to dismantling what he described as a criminal network operating within public institutions.

As of the time of filing this report, Adeniyi had yet to publicly respond to the latest allegations by the Presidency.

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Oseni distributes agric inputs to 7,000 farmers, says Tinubu deserves second term

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Thousands of farmers across Ibarapa East/Ido Federal Constituency of Oyo State received a major boost on Monday as the member representing the constituency in the House of Representatives, Engr. Aderemi Oseni, distributed agrochemicals, farm tools and other agricultural inputs to no fewer than 7,000 beneficiaries.

The intervention, aimed at boosting food production and cushioning the impact of rising production costs on farmers, is the latest in a series of agricultural support initiatives facilitated by the federal lawmaker to strengthen farming activities across the constituency.

Before the latest distribution, Oseni had supplied no fewer than six trailers of fertiliser to farmers in Ibarapa East and Ido Local Government Areas to improve crop yields, enhance productivity and support increased agricultural output.

Speaking during the distribution programme held in Ibadan, the All Progressives Congress chieftain said the initiative aligned with President Bola Tinubu’s Renewed Hope Agenda, particularly its commitment to tackling hunger, enhancing food security and improving the livelihoods of Nigerians through increased agricultural production.

‎According to him, the intervention is designed to encourage more people to embrace farming, expand cultivation and contribute meaningfully to national food production.

‎”About 7,000 people are benefiting from today’s empowerment programme. The essence is to continue encouraging farmers within the federal constituency by providing them with the necessary support to improve their productivity,” Oseni said.

‎He stressed that sustained investment in agriculture remained critical to addressing food shortages, reducing the cost of food and strengthening the nation’s economy, noting that agriculture continues to be one of the most viable pathways to sustainable economic growth and national development.

‎The Chairman of the House of Representatives Committee on the Federal Roads Maintenance Agency (FERMA) explained that the earlier distribution of six trailers of fertiliser, the current supply of agricultural inputs and the rehabilitation of rural roads were all part of a comprehensive strategy to improve farming activities and ensure that farmers had the resources and infrastructure required to maximise production during the farming season.

‎He noted that improving access to quality farm inputs, alongside better rural road networks, would enable farmers to cultivate larger portions of land, transport their produce more easily and ultimately increase food availability across the country.

Oseni also expressed confidence that President Bola Tinubu would secure a second term in office in the 2027 presidential election.

According to him, the economic reforms and policy decisions introduced by the Tinubu administration have laid a solid foundation for economic recovery, infrastructure development and improved governance, making the President the preferred choice of many Nigerians ahead of the next general election.

‎”No opposition can stop Nigerians from re-electing President Bola Tinubu. Nigerians need a God-fearing leader like him to continue the work of rebuilding the country.

‎”Since President Tinubu assumed office, fuel scarcity has become a thing of the past. States that previously struggled to pay workers’ salaries now do so more conveniently. Our tax system has been reformed, while road infrastructure and other development projects are expanding across the country,” he said.

‎The lawmaker further pledged to mobilise widespread grassroots support for the President through the Remi Oseni Committee of Friends (ROCOF), expressing confidence that the group would deliver one million votes for Tinubu in Oyo State during the 2027 presidential election.

‎He urged traditional rulers, community leaders, party faithful and other critical stakeholders to rally behind the President’s re-election bid, insisting that one term would not be sufficient to consolidate the reforms already initiated by the current administration.

Oseni also appealed to eligible Nigerians who were yet to register or collect their Permanent Voter Cards to do so ahead of the 2027 general election.

‎He encouraged citizens to participate actively in the electoral process and support President Tinubu and candidates of the All Progressives Congress, saying continued support for the administration would ensure the consolidation of ongoing reforms and accelerate national development.

Earlier in his remarks, the Onido of Ido, Oba Gbolagade Babalola, commended the lawmaker for the initiative, describing it as a timely intervention that would significantly support farmers and boost agricultural production in the constituency.

The monarch urged the beneficiaries to make judicious use of the farm inputs to maximise their productivity and improve their livelihoods.

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