There has been an upsurge in the number of female bank chief executives in Nigeria in recent years.

Indeed, this is a welcome development, as over the years, there has been agitation for more female participation in every sector. The banking sector is no exception, clearly.

The rise in the number of bank managing directors who are women could be linked to the growing reputation of women being better managers.

Before now, we have witnessesd the growing number of women who are chairpersons of boards of banks, for instance, GTBank (Osaretin Demuren), Access Bank (Mosun Belo-Olusoga) and First Bank (Ibukun Awosika). All these serves in aligning Nigeria with the global movement toward gender equality.

READ ALSO: Top 10 Richest Women In The World (2021)

Essentially, this reality will provide a great measure of inspiration to young females to try to aspire to the peak of whatever career they have chosen.

In this article, we showcase 7 women (and a notable mention) who have occupied the enviable position of the Managing Director/CEO of a Nigerian bank.



Cecilia Ibru



Cecilia Ibru is the former managing director and chief executive officer of Oceanic Bank (now EcoBank).

Oceanic began as a small family-owned bank, but grew into one of the Nigeria’s largest publicly quoted institutions during Ibru’s stewardship.

Ibru began working with Oceanic Bank in 1990 as general manager. After seven years with the bank, she was promoted to managing director and CEO.

On 13 August 2009 Ibru was amongst five bank CEOs who were dismissed.

In 2009, she was arrested and pleaded guilty to charges of fraud. She was jailed and fined approximately one billion euros.



Faith Tuedor-Matthews



Faith Tuedor-Matthews is a former Group Managing Director / CEO, Mainstreet Bank Limited.

She was appointed as the MD of the bank in August 2011, following the nationalisation of Afribank Plc, Bank PHB and Spring Bank Plc, all known as bridged banks by the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and Asset Management Corporation of Nigeria.

Tuedor-Matthews is a Harvard Business School alumnus, and she has an MBA from the Aston University, Birmingham, UK.

In February 2013, the board of Mainstreet Bank suspended Mrs. Faith Tuedor- Matthews over alleged misappropriation of funds.

She was alleged to have transferred funds into her private accounts abroad, an action that irked the bank’s board.


According to the management, it was left with no option than to suspend her. She was however given an option to resign.



Bola Adesola



Bola Adesola is the current senior vice chairman of the Standard Chartered Bank group, a position she assumed in 2019.

Prior to then, she was the CEO of Standard Chartered Bank Limited.

The 1984 graduate of law from Buckingham University in the United Kingdom was made the Managing Director, First Bank of Nigeria Plc (now FBN Holdings Plc) in 2005. She was in charge of corporate banking.

Adesola started working with the Standard Chartered Bank Group in 2010.

She has over 25 years of experience in the banking sector.


Sola David-Borha



Sola David-Borha was the CEO of Stanbic IBTC Bank Plc from May 2011 to November 2012. She joined the board of IBTC in July 1994.

She earned a bachelor's degree in economics in 1981 at the University of Ibadan. She then proceeded to pursue an MBA from the Manchester Business School in 1991.

In January 2017, she took up the position as the chief executive of the Standard Bank Group.

She is the vice chairman of the Nigerian Economic Summit Group since 2015.

On 15 April 2021, David-Borha retired after 31 years at Stanbic IBTC.



Oluwatomi Somefun



Oluwatomi Somefun currently serves as the Managing Director and CEO of Unity Bank plc.

She obtained a B.Ed. in English Language in 1981 from the Obafemi Awolowo University, Ile-Ife in Osun state and an alumnus of Harvard Business school and University of Columbia Business School, New York.

Mrs Somefun had a successful career at the United Bank for Africa Plc (UBA). While at UBA, she managed and sat on the boards of several subsidiaries, including UBA Trustee, UBA Plc, UBA Capital and Trustee Ltd.

READ ALSO: Bill Cosby Show: See How The Cast Of The Famous TV Show Now Look Like

Somefun was the pioneering Managing Director (MD)/Chief Executive Officer (CEO) of UBA Pension Custodian Ltd. She managed UBA Pension Custodian Ltd for eight years and also supervised the South-West region of the bank at the same time.

On the 4th of March, 2015, Oluwatomi Somefun was appointed the Executive Director of Unity Bank. Her remarkable performance as Executive Director earned her the position as the MD/CEO of Unity Bank in August 2015.


Nneka Onyeali-Ikpe



On 1 January, 2021, Nneka Onyeali-Ikpe resumed as the managing director of Fidelity Bank Plc after her appointment.

She took over from Nnamdi Okonkwo, former managing director, whose contract formally ended on December 31, 2020.

Onyeali-Ikpe joined the bank in 2015 and spearheaded the transformation of the directorate, leading it to profitability and sustained its impressive year-on-year growth across key performance metrics, including contributing over 28 per cent of the Bank’s profit before tax, deposits and loans.




Yemisi Edun



In January 2021, First City Monument Bank Limited named Yemisi Edun as acting managing director, following the stepping aside of embattled Adam Nuhu.

On 4 July 2021, the board of directors of FCMB Group Plc announced appointed Yemisi Edun as the substantive managing director of the bank.

Prior to her appointment, Edun was the executive director/chief financial officer of the bank before serving as the acting managing director.

Edun has a work experience spanning nearly 35 years. She holds a bachelor’s degree in chemistry from the University of Ife, Ile-Ife and a Master’s degree in international accounting and finance from the University of Liverpool, United Kingdom.



Miriam Olusanya



On 14 July 2021, Guaranty Trust Bank announced the appointment of Miriam Olusanya as Managing Director.

Olusanya has over 20 years experience cutting across Transaction Services, Treasury, Assets and Liability Management.

Until her appointment, Olusanya, was an Executive Director at the bank.

Miriam Olusanya joined Guaranty Trust Bank in 1998 and has been in charge of managing the bank’s foreign currency balance sheet, asset and liability position, as well as money market, foreign currency and bonds trading.

Olusanya graduated from the University of Ibadan (UI) with a Bachelors degree in Pharmacy and obtained a Masters in Business Administration (MBA) (majoring in Finance and Accounting) from the University of Liverpool.




Notable Mention:




Mary Akpobome



On March 13, 2015, Heritage Bank appointed its Executive Director, Retail Banking, Mary Akpobome, as the Acting Managing Director of Enterprise Bank.

Akpobome would be the acting MD of Enterprise Bank for a transition period.

She was assigned the role so as to supervise activities during the final round of activities on the time-table for the integration of Enterprise Bank that had been acquired by Heritage Bank, into the mainstream of its processes and operations.

Mary Akpobome is a seasoned banker par excellence with over 2 decades of bank experience. Within that period, she had worked at Citizens Bank and Bank PHB.


Source: https://jojonaija.com/7-women-who-were-appointed-as-managing-directors-of-nigerian-banks/

Forbes magazine annually ranks the world’s wealthiest female billionaires. This list uses the static rating published once a year by Forbes, usually in March.

There were 244 women listed on the world’s billionaires as of 17 March 2021, up from 328 in March 2021. Since 2021, Francoise Bettencourt Meyers is listed as the world’s wealthiest woman.

See Also: Mo Abudu: 6 Movies From The Stable Of The Iconic Film-maker

Below is a list of the 10 Wealthiest women on planet earth (2021) as ranked by Forbes.



10. Iris Fontbona & family



Net Worth: $23.3 Billion

Age: 78

Citizenship: Chile

Source of Wealth: Mining




9. Gina Rinehart




Net Worth: $23.6 Billion

Age: 67

Citizenship: Australia

Source of Wealth: Mining



8. Susanne Klatten



Net Worth: $27.7 Billion

Age: 58

Citizenship: Germany

Source of Wealth: BMW, Pharmaceuticals




7. Yang Huiyan & family



Net Worth: $29.6 Billion

Age: 39

Citizenship: China

Source Of Wealth: Real Estate




6. Jacqueline Mars



Net Worth: $31.3 Billion

Age: 81

Citizenship: United States

Source of Wealth: Candy, Pet Food




5. Miriam Adelson



Net Worth: $38.2 BILLION

Age: 75

Citizenship: United States

Source of Wealth: Casino





4. Julia Koch & family



Net Worth: $46.4 BILLION

Age: 58

Citizenship: United States

Source of Wealth: Koch Industries





3. MacKenzie Scott



Net Worth: $53 BILLION

Age: 50

Citizen: United States

Source of Wealth: Alimony/AMAZON




2. Alice Walton



Net Worth: $61.8 BILLION

Age: 71

Citizen: United States

Source of Wealth: WALMART/Retail (Inheritance)





1. Françoise Bettencourt Meyers & family



Net Worth: $73.6 BILLION

Age: 67

Citizenship: France

Source of Wealth: L’OREAL Cosmetics (Inheritance)



Source: https://jojonaija.com/top-10-richest-women-in-the-world-2021/

No pictures?

Location please.

overdrive:
Convertible

Yes sir.

seunt4ut:
Where in Lagos?

Ikeja

HospitalityDiva:
Please, do you have the pictures?

Sure.

o

HospitalityDiva:
No pictures?

Here are the pictures.

v

Since 12 November 2016 when he was sworn into office as the Governor of Edo State, Godwin Obaseki has embarked on hundreds of projects. However, some stand out in terms of their scope and long term benefits.

In this article, we highlight eight ( outstanding projects carried out by the Obaseki-led government that have thus far come to define his time in office as the Edo State governor.

Edo Best



All over the world, education is a key driver of national development and societal growth. Godwin Obaseki, the current governor of Edo State fully understands this.

In April 2018, Obaseki introduced the Edo Basic Education Sector Transformation – Edo BEST – to revamp basic education in the state.

The intention of the programme was to transform the learning outcomes for the 300,000 children. The students cut across 1,500 public primary and junior secondary schools in Edo State. To achieve this, the government invested heavily in education technologies.

The programme was launched to retrain and support all 15,000 government teachers— novice and experienced.

The teachers were given tablets while the headteachers got smartphones to transmit daily attendance. The tablets are loaded with digital lesson plans for every lesson needed for each day.



Headteachers are provided with monthly data to enable them to use the software in the smartphone to register all children and take attendance and manage teacher performance in each classroom every day.

Another 150 persons were also trained as Social Mobilization Officers to engage communities on why they should protect facilities in public schools in their domains.

Public primary schools in Edo State have witnessed a high influx of pupils from private schools across the 18 Local Government Areas of the state, due to the total transformation of the Basic Education Sector in the state.

EDOBEST is changing lives and pupils in public primary schools across the state are at the centre stage of this project.

Revolutionary Revenue Collection From Transporters

For decades, Nigeria degenerated to a nation where the responsibility of collecting government levies from citizens is assigned to shady characters, touts or cronies of politicians.

In major cities in Nigeria, the collection of levies from commercial motorists is a multi-billion naira industry.

Assigning the responsibility of collecting levies from commercial motorists to touts and transport unions has succeeded in making billionaires out of these collectors.

On assumption of office, Governor Godwin Obaseki made a clear departure from that norm.



On January 1st, 2017, Obaseki outlawed the use of private revenue collectors in the state. The State Government then took over the responsibility of collecting levies from non-government agents.

They did this when they introduced the scratch card model of tax payment. This method is intended to be used in the informal and mobile sector particularly in the public transport sector.





This innovative levy collection method has sanitized the system. It has also saved commercial motorists from harassment from touts and agents of the road unions previously saddled with the responsibility of collecting the taxes.

Obaseki soon acknowledged that the revenue base of the state had risen with the new system. He noted that N500,000 is now being realized from nine points in Oredo local government. Previously, only N45,000 was remitted from these nine points.

55MW CCTEC Ossiomo Power Plant



Edo State, with an estimated population of 4 million, gets about 88MW of electricity. This is far from meeting the rising electricity need for residential and commercial purposes.

Governor Obaseki understands the role that steady power supply plays in promoting businesses, driving industrialization and productivity.

To change the narrative of poor power supply, Governor Obaseki entered a Power Purchase Agreement (PPA) of 55MW with Ossiomo Power and CCETC Clean Energy (CCETC-Ossiomo Power).

The CCETC-Ossiomo power plant is intended to supply stable electricity to government buildings and public utilities, such as hospitals, offices, street lights, the Samuel Ogbemudia Stadium and other such public facilities.

It will also supply power to the Edo Production Center, an industrialisation program located along the Sapele road axis of Benin city, where Small and Medium Enterprises (SMEs) ply their trades.

The power plant is also intended to attract investments into the state, improve the sector for greater performance as well as create competition in the power supply industry.

The test run of the CCETC-Ossiomo Power Plant held on 20 July 2020.

CCETC-Ossiomo Power Plant is located at Ologbo community in Ikpoba Okha Local Government Area (LGA), Edo State.

The power project is set to be expanded to a 550MW capacity gas power plant to be constructed in three phases.

EDOGIS



On 1 August 2017, Governor Godwin Obaseki set up the Edo State Geographic Information Service (EDOGIS).

EDOGIS is the successor government agency to the erstwhile Ministry of Lands and Surveys (later known as Lands Bureau).

It is a computerized process that was set up to secure land assets of Edo State residents with the new “Digital Certificate of Occupancy”.

The agency is the only digital repository of all registered landed properties and subsequent transactions in the State. It also keeps and archive electronic and physical copies of all transactions submitted for registration, easing historical searches on all registered properties in the State.

This system has helped in addressing the recurring inter-community conflicts over land sale and boundary disputes.

The system also reduced the cost of acquiring Certificate of Occupancy (C of O) from N300,00 to N50,000 and delivering certificates within 30 days.

According to the governor, EDOGIS would attract investors. This will happen if they discovered that the record time of acquiring land was easier and corruption-free.

The Edo Fertilizer and Chemical Company



The Godwin Obaseki-led Government, in partnership with Wacot Group of Companies, reactivated the Edo State Fertilizer and Chemical Company Limited (ESFCCL).

The Fertilizer plant was constructed 14 years ago but was never operated.

According to the Governor, the aim of revitalizing the plant is to make the state self-sufficient in food production and enable farmers get fertilizer at affordable prices.

The Fertilizer plant will also enhance the state’s socio-economic status and create an avenue for the youths to leverage on the expertise of major players in the Agriculture sector.

The plant can produce 60,000 metric tonnes of fertilizer in a year.

The facility would go a long way in providing fertilizer for neighbouring Kogi, Delta, Ondo and Anambra State.



On Aug 29, 2017, Yemi Osibanjo, the Vice President of Nigeria, commissioned the NPK fertilizer plant.

The Edo State Fertilizer and Chemical Company Limited (ESFCCL) plant is located in Auchi, Edo State.

Edo Modular and Refinery Company Limited



The Edo Modular and Refinery Company Limited is among the growing list of ongoing legacy projects by Obaseki.

The refinery is owned by AIPCC Energy Limited. The company is a joint venture between AFCOM and Peiyang Chemical Equipment Company of China (PCC).

It was established through an MoU that involved the Edo State Government, local and international private investors.

The Chinese consortium is made up of Peiyang Chemical Equipment Company of China (PCC), a world-leading modular refinery company; Sinopec International Petroleum Service Corporation (SIPS) which is a subsidiary of Sinopec, the top Chemical giant in the world and African Infrastructure Partners (AIP), a Nigerian Infrastructural company.

The refinery is expected to process 5500 barrels of crude oil per day.

It would produce from its feedstock 50 per cent of diesel (500,000 litres), 25 percent of naphtha (300,000 litres), and 20 percent of fuel oil (200,000) litres.

When completed, the Edo Refinery and Petrochemicals will supply 20 percent of Nigeria’s diesel, save over $350 million in foreign exchange yearly, earn over $125 million from export of naptha and meet 100% of Nigeria’s LPFO demand.

The crude would be sourced from the Nigerian Petroleum Development Company’s (NPDC) facility – oil-mining lease (OML) 111, near Benin City.

The most remarkable feature of the MOU with the Edo State Government is the local content component of the deal.


In the MoU, it is stated that Edo citizens must be trained in welding, refinery operation and fabrication works, etc. This is to enable them participate in the construction of the refinery as well as its operation, post-commissioning.

To get the project started, the Obaseki-led government approved the release of N700 million (seed investment). The fund is a redeemable preference shares in the refinery and Petrochemical Company Limited.

The venture is expected to create legitimate employment opportunities. This will reduce poverty, provide job opportunities for teeming youths in the communities. It will also facilitate the establishment of a fabrication yard as proposed by the promoters. This will go a long way in creating expertise, professionalism and further training in the oil and gas industry.

The refinery was built at the cost of $10.2 million. It is currently at 70% completion and is expected to begin operation in October 2020.

The refinery located at Ologbo in Ikpoba Okha Local Government Area (LGA).

Gelegele Port



Part of the efforts to industrialize Edo State by the government of Godwin Obaseki is to build a seaport.

To achieve this, the state Government signed a Memoranda of Understanding (MoU) with a Chinese company. This was done for the development of Gelegele Seaport.

The MoU will see China Harbour Engineering Company, the biggest infrastructure company in China, lead the development of the seaport.

The seaport will serve as the gateway for exporting manufactured goods from the Benin Industrial Park (currently under construction) and other manufacturing companies in the region. The Gelegele Seaport will also open up Edo State to the international market.

According to Governor Obaseki, “the project will serve as an agro-export processing zone. It will be driven by the state government and the private sector”.

Work on the Gelegele Seaport is currently in progress.

Benin Industrial Park



The lack of first class infrastructure and services is the biggest complaint that companies have about Nigeria.

To address this complaint, Governor Godwin Obaseki initiated the development of the Benin Enterprise Park.

The Benin Enterprise Park is an industrial hub. It is being developed to be easy to access, affordable and with uninterrupted supply of gas and electricity. This is so that companies in the area can operate efficiently and predictably. The industrial center is a 997-hectare area of land.

Obaseki said his administration was focused on building conducive business environment. This is being done to scale up investment and create more job opportunities in the state.



Chinese company, Tianjin -Yuyung Construction Engineering Company Ltd, is partnering the state government on the development of the Benin Industrial Park (BIP).

The Edo State Government approved N2.1b power for the Benin Industrial Park.

On July, 2019, an investor, Anchor Tenant, committed about 250 million dollars to the development of Benin Enterprise and Industrial Park project.


Source: https://jojonaija.com/godwin-obaseki-first-term-in-office/

Two children, a boy and a girl, have been rescued from kidnappers, popularly called “one-chance”.

The Rapid Response Squad (RRS) of the Lagos State Police Command announced this in a twitter post.

See Also: Sunday Shodipe: The 19-Year Old That Is Wanted For The Murder Of 6 Women (PHOTOS)

According to the post, “At about 11 pm last night these two children were seen crying/walking along Cement Bus-Stop and were accosted by Police officers on patrol.



“They said they got into a “one-chance” vehicle on their way to tutorial lessons and were taken into a bushy area before a passer-by saw them and raised alarm.

See Also: Lord’s Chosen Pastor Allegedly Impregnated Two Underage Sisters, Ages 17 and 13 (PHOTOS)

“The children fled the scene and were found by the officers. They were reunited with their family at about 12am today. The investigation is ongoing.

One Chance’ is the act of using a commercial vehicle to rob passengers of their personal belongings.

It can range from money, mobile phones, precious items and even using human parts for ritual purposes.

Source: https://jojonaija.com/two-children-rescued-from-one-chance-bandits-in-lagos-see-photos/

ThatFairGuy:
Just trying hard to rubbish the credit deserves by this current administration.
WAILERS

And the "wailers" created the video in 2014 to discredit the current Buhari regime, is that what you are saying?

360degreess:
.. And there is nothing to show in his own state and region?
I think you are the one deceiving yourself.

And the railway line in question (Itakpe-Warri) does not connect to his region? You guys need to get over your hatred for the man as it is apparent that it is consuming you even years after he exited power.

360degreess:
GEJ was a failure...

Keep believing your own lies. If you had bothered to watch the video, you would have seen most of the projects being celebrated by the current administration was started and almost completed by the GEJ administration.

Did you watch the video?

Very revealing.

Z

Shocking how we waste money on frivolous things.

In the face of abject poverty, unemployment, etc, see how some state governors squander scarce resources on private jets.


Read it here.


https://autojosh.com/state-governors-who-acquired-aircraft/

As at 29th March 2020, COVID-19 is affecting 199 countries and territories around the world. It has now been reported on every continent except Antarctica.

The United State has the most confirmed cases at 140,960. It has 2, 457 deaths arising from the disease and 4, 435 recovered cases.

The US is followed by Italy. Italy has confirmed cases totalling 97,689, and 10, 779 deaths and 13, 030 recovered cases.

In Africa, South Africa has the highest confirmed cases. It has 1, 280 testing positive. The country has recorded 2 deaths and 31 recoveries.

Following South Africa is Egypt. The North African country has recorded 609 confirmed cases, 40 deaths, and 132 recoveries.
Nigeria is placed 11th in Africa with 111 confirmed cases, 1 death and 3 recovered cases.

SARS-CoV-2 infection causes a respiratory illness called COVID-19.

The World Health Organization (WHO) publish their latest confirmed numbers on this situation dashboard every day.

For daily updates and information about COVID-19 follow on Instagram: @jojo_Naija.

More photos


Source: @Jojo_Naija

https://www.instagram.com/p/B-UL_xLBbqX/

Earlier today, the Government of Lagos State took possession of a 110-bed isolation facility.

The facility was built by GTBank on the Lagos State Government –owned main bowl of the Mobolaji Olufunsho Johnson Stadium, Onikan, Lagos Island.

This make shift structure was constructed within a week. It is also fully equipped with world-class equipment and medical supplies to aid the delivery of adequate healthcare to patients infected with COVID-19.

While receiving the facility from GTBank, Governor Babajide Sanwo-Olu, “I am highly elated that GTBank recognized the need for this important collaboration. This kind gesture is a huge reflection of the can-do spirit of Nigerians, especially the brand GTBank”.

See photos of the hand over ceremony below.