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FirstBank Appoints Segun Alebiosu As New MD/CEO

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First Bank of Nigeria has appointed Olusegun Alebiosu as its acting managing director with effect from April 2024.

The Bank stated this in a release signed by its acting company secretary Adewale Arogundade.

Alebiosu takes from Adesola Adeduntan, who resigned abruptly on Saturday with eight months left to complete his tenure in December 2024.

The release stated that “following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.

“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”

The release stated that Alebiosu was until this appointment the executive director, chief risk officer and executive compliance officer since January 2022. Prior to that, he was the Group executive/ chief risk officer, a position he held since 2016.

“Alebiosu brings to the executive management of FirstBank over 28 years’ experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.”

It added that the new acting MD/CEO commenced his professional career in 1991 with Oceanic Bank Plc (now EcoBank) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

“He is an alumnus of Harvard School of Government and holds a Bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a Master’s degree in International Law and Diplomacy from the University of Lagos and holds a Master’s degree in Development Studies from the London School of Economics and Political Science.

“He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.”

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Personality in Focus

FRSC Lagos Gets New Sector Commander, Patrick Davou

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The Federal Road Safety Corps (FRSC) has named Corps Commander Patrick Davou as the new Sector Commander in charge of Lagos Sector Command, according to a statement signed by the Public Education Officer, Superintendent Route Commander Olabisi Sonusi, and made available to the National Association of Online Security News Publishers (NAOSNP).

The new Sector Commander took over from his predecessor Corps Commander Babatunde Farinloye, who was recently transferred as Sector Commander for FRSC Plateau Sector Command.

Corps Commander Patrick Davou before his appointment as Sector Commander FRSC Lagos Sector was the Sector Head of Operations Kaduna Sector Command, Unit Commander Ogbomoso Unit Command, Unit Commander Kubwa Unit Command, Head of Unit Registry RSHQ Abuja, Zonal Head of Operations RS2HQ Lagos, Acting Zonal Commanding Officer RS2HQ Lagos.

Corps Commander Babatunde Farinloye handed over the baton of leadership to Corps Commander Patrick Davou on Friday, 3rd May, 2024.

While addressing the Sector Management Staff during Management Meeting on Tuesday, 7th May 2024, urged them to put all hands on the desk to ensure that Corps mandate is achieved.

He therefore charged them to work diligently towards taking the command to an enviable position during his tenure.
He can be reached on 08077690201.

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MNJTF Achieving Stability in Lake Chad Basin, Ten Months into Major General Ibrahim Sallau Ali’s Command

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By Abubakar Abdullahi

In the heart of Africa, the Lake Chad Basin serves as lifeblood for tens of millions, a unique ecological sanctuary, and a linchpin in regional stability. This expansive area, touching Nigeria, Chad, Cameroon, and Niger, is more than a geographical feature; it’s the cradle of biodiversity, agriculture, and cultures that have thrived for centuries. Amidst its abundant resources, however, the region has faced its share of turmoil, exacerbated by the shadow of Boko Haram and other insurgent groups. Yet, hope glimmers on the horizon, significantly attributed to the efforts and successes of the Multinational Joint Task Force (MNJTF) over the past ten months.
The importance of the Lake Chad Basin cannot be overstated. It underpins the livelihoods of over 30 million people, offering water, fish, livestock grazing, and irrigation for agriculture. But beyond its economic significance, Lake Chad is a vital ecological habitat, home to diverse species and acting as a buffer against desertification. This multifaceted utility of the Lake Chad Basin underscores the imperative of preserving its stability and prosperity. However, the specter of insecurity, primarily due to the insurgent activities of Boko Haram and its offshoots, has cast a long shadow over the region. The resulting humanitarian crisis, with millions displaced and at risk of starvation, has necessitated a robust response. Enter the MNJTF, a coalition of forces from Cameroon, Chad, Niger, Nigeria and Benin Republic, established with the purpose of counteracting the threat posed by these insurgent groups.

In the last ten months, the MNJTF under the command of Major General Ibrahim Sallau Ali has made commendable strides in restoring peace and security to the Lake Chad Basin. Its multifaceted approach, combining kinetic and non-kinetic efforts, has proven effective. Notable successes include the dislodgement of insurgents from its strongholds, rescue of hostages, and reductions in the frequency and severity of attacks in the region. These military victories have been complemented by efforts to secure returnees and facilitate humanitarian assistance, reflecting a comprehensive strategy towards lasting peace. Moreover, the MNJTF has played a major role in facilitating the return of displaced persons and the rehabilitation and reconstruction of the affected areas by other state actors. Infrastructure, once devastated by years of conflict, is being rehabilitated, and community resilience initiatives are being introduced, aiming at not just recovery but a sustainable improvement in quality of life. These efforts signify a beacon of hope for the basin’s future, symbolizing a turn towards stability and prosperity.

The MNJTF has achieved considerable success in kinetic operations aimed at eliminating remnants of Boko Haram and other terrorist factions in the Lake Chad Basin. Between July 2023 and April 2024, a significant victory was achieved with 299 terrorists being neutralized, 273 surrendering and 337 arrested for further investigation across different sectors. The operations also led to the recovery of various arms and ammunition, including 20 AK-47 rifles, 4 machine guns, 5 hand grenades, and 35 magazines, among various personal items. Additionally, the troops recovered 1,416 rounds of ammunition of different calibers. These operations, carried out within their national territories by the sectors, have significantly degraded the terrorists’ ability to launch large-scale attacks on the Lake, forcing them instead to resort to hit-and-run tactics against isolated civilian targets.

Likewise, the MNJTF has conducted Operation NASHRUL SALAM, a non-kinetic approach to break the cycle of terror. This psychological operation was tailored to foster surrender and disrupt unity among the terrorist factions. Operation NASHRUL SALAM disseminated messages across the Lake Chad region in 5 languages: Kanuri, Hausa, Arabic, French, and English, to ensure widespread comprehension. These tailored messages were air-dropped over specific islands known to harbour terrorists, targeting them directly in their hideouts. The operation’s impact was profound, culminating in a significant number of terrorists surrendering. This wave of capitulation not only weakened the terrorists’ resolve but also led to the recovery of a variety of arms and ammunition, which were surrendered to the troops.
The success of Operation NASHRUL SALAM underscores the effectiveness of psychological operations in counter-terrorism efforts, showcasing the power of communication in undermining terror networks and encouraging peace.

Operation NASHRUL SALAM is not the sole non-kinetic initiative aimed at enhancing stability in the Lake Chad region. Supported by its partner, the European Union, the MNJTF has executed Quick Impact Projects throughout the four sectors of the MNJTF. In particular, after successful kinetic operations, over 3,200 residents of the Bagatelerom community in Chad have returned to their ancestral homes, with MNJTF personnel assisting their resettlement in partnership with relevant agencies. Additionally, the revival of fishing activities, previously hindered by security concerns in the region, marks a significant turnaround. Moreover, within the year, farmers in the Baga community have received agricultural tools and benefited from the installation of more than ten irrigation boreholes to bolster food security in the area. These efforts underscore our modest yet impactful contributions toward enhancing the socio-economic conditions within the Lake Chad Basin Region. Over the last ten months, we have carried out 95 Quick Impact Projects in 31 communities around Lake Chad, spanning water and sanitation, health, and education sectors.

None of these accomplishments would have been possible without the support provided by the Lake Chad Basin Commission. The Commission took a lead role in convening a meeting of the Council of Chiefs of Defence Staff and Ministers of Defence from the Troop Contributing Countries in N’Djamena, Chad, from 11 to 15 March 2024. This council acknowledged the need to initiate Operation LAKE SANITY 2 to thwart any terrorist attempts to regroup and to capitalize on the progress already achieved. This strategic deliberation paved the way for the launch of Operation LAKE SANITY 2 on 23 April 2024. Since the operation’s commencement, the troops have exhibited a high level of dedication to achieving the mission’s objectives, showcasing their commitment to maintaining peace and security in the region.

Operation LAKE SANITY 2 is poised to significantly compliment various national operations and solidify the multinational joint efforts of the MNJTF. The troops have demonstrated unparalleled dedication to achieving their mission, a sentiment warmly echoed by the local communities, who have greeted the forces with open arms and cheers—a clear sign of their support. This local backing aligns with the Force Commander’s repeated calls for community engagement across different sectors within the MNJTF Area of operations, highlighting the operation’s importance and the critical role of local support in its success.

This collaborative success story of MNJTF under Maj Gen IS Ali serves as a testament to what can be accomplished when nations unite against a common threat. As we look forward, it’s imperative that the successes of the MNJTF are built upon. Continued international support, coupled with sustained commitment from the member states, is indispensable. The Lake Chad Basin, with its profound importance to ecological balance, economic sustenance, and cultural heritage, deserves no less. The strides made by the MNJTF in restoring stability are but the first steps on the long road to comprehensive recovery and development. The future of the Lake Chad Basin hinges on the continuation of these concerted efforts to ensure that this vital region can fully realize its potential as a cradle of prosperity and peace.

Abubakar Abdullahi is a Lieutenant Colonel, and the Chief Public Information Officer, Headquarters Multinational Joint Task Force, Ndjamena, Chad Republic.

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Personality in Focus

Adenuga: 71 Years of Unrivalled Philanthropy and Endless Empowerments

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By Gabriel Oguntola

One of Africa’s richest men and Chairman of Nigeria’s telecommunications Company, Globacom Dr. Michael Adenuga Jr is 71 years old. Happy Birthday to the great philanthropist and entrepreneur par excellence.

The quiet billionaire learnt early from the famous saying of Walt Disney who posited that”The way to get started is to quit talking and begin doing”.

Adenuga from onset has always been reticent.  He does his things quietly and runs his businesses without seeking attention. He transitioned from running family business, after schooling in the United States to starting his businesses and moving into the top league in Nigeria without noise.

He became a billionaire in his thirties to the consternation and surprise of Nigerians. Such is the style of the man that has come to be known for his smartness and ingenuity. He is always one step ahead, hence his success across all sectors of the economy.

Today, he plays in all the vital sectors of the nation’s economy. From Banking to Telecoms, Oil and Gas as well others that are not known to the public. He employed thousands of Nigerians, and he empowers many others through endless philanthropy.

We cannot count the number of Nigerians that has benefitted from Adenuga’s generosity. They are always done quietly, and most times beneficiaries are warned not talk about it.

Few years ago, he donated 500million to Baylesa State after the state was ravaged by flood, he donated N1.5 billion during Covid pandemic to Federal Government, 1 million dollars was also donated to Super Eagles after winning nations Cup in south Africa to mention a few.

By the age of 50, he founded Globacom while his other companies were founded between early thirties and 40. He became a billionaire at 35 and by his 51st birthday Dr. Adenuga was already sitting atop what is generally regarded as one of the continent’s largest business empires.

In each of these sectors, Dr. Adenuga has moulded his companies into major players. In the oil and gas sector, for instance, Conoil Producing, the upstream arm of the conglomerate, made history by becoming the first Nigerian company to strike oil and produce it in commercial quantity. Same was the case when he had two banks, Equatorial Trust Bank and Devcom Merchant Bank that were among top ones in the country.

In telecoms, Globacom remains the most innovative network in Nigeria, with many firsts since it rolled out services in 2003. His investment in real estate is said to be worth over billions of dollars. These companies provide direct employment to thousands of Nigerians and other nationalities.

His contribution to the business across the world and endless philanthropy has been recognized in different countries including Nigeria, where he holds the highest civilian honour of Grand Commander of the Order of the Niger (GCON) and in Ghana, he was awarded the highest civilian honour of Companion of the Star of Ghana (CSG).

French President, Emmanuel Macron also honoured him with the highest National honour of France, ‘Chavalier de la Legion d Honnuer”. Macron commended Adenuga for his promotion of the French culture in Nigeria where he single-handledly rebuilt the Allance Francaise, Lagos located at the Mike Adenuga Centre Ikoyi.

City People magazine, Nigeria’s King of soft –sell in 2022 captured Dr Adenuga lifestyle thus:

He works round the clock. He is always thinking of the next possible business deal. He is always looking for the next deal to close. He was one of the businessmen who saw the role Data was going to play in our lives and went for a Telecoms license earlier.  Today, the rest is history. He is now the Grandmaster of Data.

Mike Adenuga is one of the Bigger Boys in the world of business. He knows the Game. He plays the game. He is adept at it. He knows the principle of winning. He has set his own rules. He has his own winning formula, which has worked for him over the last 40 years. Though he is from Ijebu Igbo, he was born and bred in Ibadan. He will always tell all who cares to listen that he is an Ibadan Boy. He is a product of Ibadan Grammar School. He has a breathtaking house in Ibadan. That is where he often stays when he needs to relax or unwind. Many often wonder whether he relaxes or not. Yes. He does.

City People can authoritatively reveal that though Mike Adenuga is a great Philanthropist and one of the biggest spenders when it comes to helping other people, he does not like the recipients of his largesse to tell the world whatever kind of help he has rendered. Once he touches your life, you are made forever. But the Golden rule for you to keep getting more support from him is for you to keep mum”.

 

Former President Buhari, few years ago while speaking about Dr. Adenuga on his Birthday said, “Apart from creating jobs through entrepreneurship, Adenuga’s contribution to the development of sports and the entertainment industry had remained remarkable. These sectors of the economy had continued to provide lifelines for many, and inspiring ingenuity and creativity. His exploration and encouragement of youth entrepreneurship in the country would always be remembered, while his penchant for helping the less privileged through scholarships and healthcare financing deserves more commendations”.

Happy 71st Birthday to Dr. Adenuga.

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