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Stanbic IBTC board elects Mr. Omiyi as Chairman
On Monday, 15 May 2017, the board of directors of Stanbic IBTC Holdings PLC announced the election of Mr. Basil Omiyi CON as the Chairman of the Board with effective immediately following the receipt of all required regulatory approvals.

Mr. Omiyi succeeds Mr. Atedo Peterside CON as the Chairman of the Board following Mr. Peterside’s resignation as a Non-Executive Director and Chairman of the Board on 31 March 2017.

Mr. Omiyi graduated with a B.Sc. in Chemistry in 1969 and obtained a post-graduate diploma in Petroleum Technology in 1970 from the University of Ibadan.

He brings over four decades of experience mostly from the Royal Dutch Shell where he spent 40 years in various roles both in Nigeria and Europe, including Head of Production Technology, Chief Petroleum Engineer, Managing Director of Shell Petroleum Development Company of Nigeria Limited, and ultimately country Chairman of Shell Nigeria.

Mr. Omiyi is currently an Independent Non-Executive Director on the Board of Seplat Petroleum Development Company Limited. He is also the Chairman of the Risk Management Committee and a Member of both the Remuneration Committee and the Nomination and Establishment Committees of Seplat.

Well versed in leadership and governance; Mr. Omiyi has also held a number of Board memberships and senior advisory positions including; Chairman of Greenacres Energy Limited, Chairman of the Nigerian Upstream Industry Group, board member of the Nigerian Business Group of New Partnership for Africa’s Development (NEPAD), Board member of the Nigerian Extractive Industry Transparency Initiative (NEITI), Chairman of the Oil and Gas Commission of the Nigerian Economic Summit Group (NESG), and member of the Presidential Advisory Council, amongst others.

The Board is confident that Mr. Omiyi’s leadership would be instrumental in supporting Stanbic IBTC’s sustainable growth.

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Liberia’s Ruling Party Expels President Ellen Johnson Sirleaf

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Liberia's Ruling Party Expels President Ellen Johnson Sirleaf

Liberia’s Ruling Party Expels President Ellen Johnson Sirleaf

The Liberia’s ruling Unity Party has ousted the country’s outgoing president, Ellen Johnson Sirleaf, from the party.

President, Ellen Johnson Sirleaf was voted out of Unity party late Saturday over her decision not to support Vice President Joseph Boakai, the party’s candidate in last year’s presidential poll.

Joseph Boakai, who has been President Johnson Sirleaf’s vice for 12 years, lost the election to former football superstar, George Weah.

George Weah visits Prophet TB Joshua

The one time world best footballer of the year won the presidential runoff by 61.5 percent of the votes casted in 14 of Liberia’s 15 counties.

Prior to the presidential runoff, Weah visited Prophet TB Joshua in Lagos, Nigeria to seek the face of God and prayers.

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This is Why Buhari Could be impeached

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President Buhari reportedly signs Proclamation labelling IPOB as Terrorist Group

This is Why Buhari Could be Impeached

Adesina Ogunlana, the President of Nigeria Bar Association, Ikeja branch has condemned President Muhammadu Buhari’s silence and inaction on herdsmen killings around the country.

According to Adesina Ogunlana, Buhari’s attitude is enough ground for him to be impeached.

While talking to the press, Adesina said the President is indirectly approving the killing by Fulani herdsmen. In his words:

“We have seen the federal government display its might and concern for security in certain parts of the country, the question and puzzle now is why the government is quiet in the face of the Fulani herdsmen which has led to the massacre of thousands of people and displacement of thousands of people from their normal abode.”

“The baffling silence, indifference and very low key response to the menace of the Fulani herdsmen who have been rated as the fourth deadliest terrorist organization in the world. This has raised grave allegation of partiality against the Federal Government in its clear relation to the menace of the Fulani herdsmen who have become notorious for mass slaughter of Nigeria people.

“We are joining hands and crying against the governor that it has not done enough. The chief reason, responsibility and duty of government is to ensure the security of life in its area. I dare say that the failure of the government to rise to the issue is enough ground for the impeachment of the President.

“Government where it fails to do its duty especially where it appears that indolence and ineptitude is deliberate and contrived, people would come to their own rescue and there would be no sympathy for that kind of a government.”

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Forbes: Aliko Dangote Remains Africa’s Richest Man

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50 Most Influential People; Bloomberg honours Dangote

Forbes: Aliko Dangote Remains Africa’s Richest Man

Billionaire business man Aliko Dangote, has again been named Africa’s richest man with a net worth of $12.2billion.

This is the for the seventh year in a row Dangote is topping the list of Africa’s richest man. He got an increase of $100m from a year earlier.

Only recently he was selected as the only African named in Bloomberg’s world 50 best persons in the year 2017.

Diamond mining heir, Nicky Oppenheimer of South Africa, is named number two on the list of Africa’s richest people with a net worth of $7.7bn. Making a whopping $700m from last year.

A notable change in the Forbes Billionaire List this year is the dropping of some notable Nigerians which includes Globacom Chairman, Mike Adenuga (5th richest man in Africa), with a net worth of $5.8bn, and Folorunsho Alakija (15th Richest in Africa), whose estimated $1.6bn fortune is in oil exploration.

However, two of the 23 listed African billionaires are women (unchanged from 2016) and they are; Isabel dos Santos, the daughter of Angola’s former President, Jose Santos, is worth an estimated $2.7bn, down from $3.2bn in 2016. Her net worth dropped in part due to a lower value for Banco BCI, as its book value plunged in 2016 amid a tough year for the oil-producing country.

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