Ecobank Group appoints CEO, Jeremy Awori as Ade Ayeyemi retires

By Favour Nnabugwu



Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group has announced that the appointment of a new Group Chief Executive Officer, Jeremy Awori to succeed Ade Ayeyemi who will retire after he attains the age of 60, in accordance with ETI policy

The company, in a statement to the Nigerian Exchange Limited, NGX , stated that its Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer, noting that the relevant effective dates will be communicated in due course.

The statement stated: “Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO.”

The Chairman added: “Ade can be rightly proud of his success in leading the implementation of the Roadmap to Leadership strategy, navigating Ecobank through challenges, seizing opportunities, and positioning Ecobank for sustainable long-term growth. Ade’s deep knowledge, unrivaled vision, commitment and infinite passion made all the difference.

It has been a real pleasure working with him. I count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as the new Group CEO.”

“Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities. The Board of Directors strongly believes that his drive and strong focus on results will be vital in steering the Group in its next phase” Alain Nkontchou stated.

LAUTECH Alumni empowers graduate who returned Certificate with N500, other with N1m, Scholarship

By Favour Nnabugwu
The Global President of Ladoke Akintola University of Technology, Ogbomoso, (LAUTECH) Alumni Association Worldwide, and Warri based Oil Magnate, Hon Solomon Onilede, also known as Limo alongside other executive members extended empowerment packages to two less privileged LAUTECH graduates, on Saturday.
The association under Hon. Limo had its first presentation of one million naira to Kewejo John Babatunde, a physically challenged graduate of the institution at MRS Filling Station, Mokola Roundabout in Ibadan, in order to support him as a commercial driver.
Hon Limo harped on the financial intervention to cushion the effect of economic realities on the selected beneficiaries while also acting as a safety net during these tough times.
Mr Kewejo extended his profound gratitude to the Association for coming to his rescue and being a beacon of support for his family.
The LAUTECH Alumni Association, Oyo State Chapter, pledged to grant Mr. Kewejo’s firstborn a scholarship up to the university level.
The second recipient who went to Lautech to return his certificate and refund of all that he spent while he was a student.
Osunleke Oludare Alaba, who requested a refund of his school fees because he had been struggling since he graduated in 2015 and the certificate had not brought him any financial benefit since he acquired it, was additionally given N500,000 by the LAUTECH Alumni Association Worldwide to help him settle in at BCOS, Orita Bashorun, Ibadan.
In his remarks, Mr. Alaba highlighted that the incident that prompted him to want to return his certificate was not intended to be a publicity gimmick, but rather to unequivocally explain the issues he has faced and how the certificate has failed to make his life better.
He also praised the organization for giving him such a large sum of money to help him establish himself.
Access Pension Custody transfers business to First Pension Custodian, returns operating license to PenCom

By Favour Nnabugwu


The National Pension Commission (PenCom) has announced that it had given it’s approval for the transfer of business of Access Pension Custodian Limited to First Pension Custodian Limited and operating license returned to the Commission

Access Holdings Plc has announced that its subsidiary, Access Bank Plc has completed the divestment of its entire equity interest in Access Pension Fund Custodian Limited to First Pension Custodian Nigeria Limited, a subsidiary of First Bank of Nigeria Limited.

PenCom in a Statement released to Journalists on Monday said that Access Pension Custodian divested from pension custody business and transferred all assets under it’s custody to First Pension Custodian

The acquisition, according to to PenCom, is the culmination of the divestment process by Access Pension Custodian Limited from the pension custody business, transfer of all assets under its custody to First Pension Custodian Limited and the return of its operating license to PenCom

PenCom said that there is no cause for alarm as it has ensures that everything was done accord g to the rules and regulations of the pension industry.

“The Commission assures Stakeholders and the general public of its continued commitment to the effective regulation and supervision of the pension industry”