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Leye Falade appointed MD of Brunei LNG

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A Nigerian engineer, Leye Falade has been appointed the new Managing Director of Brunei LNG by the oil giant Shell, barely five months after he resumed as Chief Executive of Shell Namibia.

According to information provided by Africa oil+gas report, Falade will, in the new role, report to Peter Costello, Executive Vice President of Conventional Oil & Gas.

Brunei LNG, the report informed, is 50% owned by the Government of Brunei, 25% owned by Shell and 25% owned by Mitsubishi.

The company is said to operate a total plant capacity of 7.2 million tonnes per annum (7.2MMTPA) of LNG on a 130-hectare complex situated at Lumut in the Belait District in Brunei.

Falade is noted to have, within the very short time of being the Chair of Shell Namibia, recorded great feats that have positively impacted the country.

His leadership style is famously described as being charismatic and empathetic.

Before his appointment as Chairman of Shell Namibia in October 2023, Falade was the General Manager, Production of Nigeria LNG Ltd.

He graduated from the University of Ibadan (UI) in Electrical/Electronic Engineering and bagged an MBA from Henley Business School, University of Reading, UK. He has spent 27 years with the Shell Group.

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Just In: EFCC submits additional proof of evidence against Emefiele

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The Economic and Financial Crimes Commission has submitted additional proof of evidence against the former governor of the Central Bank of Nigeria, Godwin Emefiele.

During the court hearing on Friday, Emefiele’s counsel, Olalekan Ojo requested an adjournment to review the new evidence before continuing the cross-examination of John Ikechukwu Ayoh, the second prosecution witness.

Ojo accused the EFCC counsel, Rotimi Oyedepo, of engaging in “trial by ambush” and not being diligent in their prosecution.

He told the court that he just received the additional proof of evidence from the EFCC.

He said the new proof of evidence was filed on Thursday, saying he needed to study the additional proof of evidence to cross-examine the prosecution witness.

He told the court, “My lord, there is a need to adjourn this case. We were just served these huge documents by the EFCC in court.

“The prosecution keeps dumping documents on us at every sitting. This is trial by ambush.”

Sharing the same sentiment, the counsel to the second defendant, Adeyinka Kotoye, also said he was served the additional proof of evidence five minutes after arriving in court.

In his defence, Oyedepo argued that they provided documents from a former aide to Emefiele in preparation for his testimony, saying it did not affect the ongoing cross-examination.

He added that it was unfair to describe the service of processes by the prosecution as “ambush by trial”.

Oyedepo emphasised that the additional evidence submitted were documents obtained from the phone of a former aide to Emefiele, John Adetona, who is set to testify as a witness.

He also clarified that these documents were provided in advance for Adetona’s future testimony and that he was not scheduled to appear in court on the present or upcoming hearing on May 9.

“The witness (Adetona) whose device the documents were printed from has not given evidence before the court,” Oyedepo said.

“In preparation for his testimony which is not coming up today or May 9, the prosecution rather waiting for the defence to formally demand the hard copies the prosecution team printed the documents out.

“How does that amount to prosecutorial unfairness?”

Oyedepo, however, requested that the court instruct the defence counsels to conclude their cross-examination of the second prosecution witness.

He clarified that the introduction of new documents does not hinder or impact the ongoing cross-examination of this witness.

However, Emefiele’s lawyer disagreed, stating that he needed time to review the new documents as they may contain valuable information for use during cross-examination.

In his ruling, the presiding judge, Rahman Oshodi, agreed with the defendant’s counsel.

Oshodi then adjourned the matter to May 9.

Emefiele and his co-defendant, Henry Omoile, are currently being tried in a Lagos high court on a 26-count charge.

Both the former CBN governor and Omoile pleaded not guilty to all the charges against them.

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Bello Matawalle’s alleged N70bn fraud case still open – EFCC

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The Economic and Financial Crimes Commission has assured the public that it will continue with the alleged N70 billion corruption case against the Minister of State for Defence, Bello Matawalle, during his tenure as the Governor of Zamfara State from 2019 to 2023.

The EFCC’s Acting Director of Public Affairs, Wilson Uwajuren, stated this while addressing protesters under the aegis of the APC Akida Forum who were at the Commission’s Headquarters in Abuja on Friday, to demand the reopening of the pending case.

Uwajuren told the protesters that once the EFCC opened an investigation, it would not be closed, and assured them that their demand would be looked into.

“I want to commend members of the APC Akida Forum for this peaceful protest. It is within your rights to protest. The Constitution guarantees the right of free expression and you have done that today. I want to assure you all that the EFCC does not close cases. Once we open an investigation into a case, we do not close such a matter. So I assure you that this petition will be looked into. Thank you very much,” he said.

Presenting a copy of their petition to the EFCC, Chairman of the group, Musa Mahmud, asked the Commission to reopen the investigation into the corruption allegations against Matawalle.

He said the call came amidst growing concerns about corruption in Nigeria and the bold steps taken by the APC administration regarding government officials suspected of embezzlement, including former Kogi State Governor Yahaya Bello, among others.

Mahmud further urged the EFCC to investigate the $2.1 billion arms deal, which included Matawalle among the dishonourable Nigerians and companies that benefited from the former National Security Adviser’s NSA scandal.

“The APC AKIDA Forum is appealing to the Economic and Financial Crime Commission (EFCC) to continue investigating Matawalle’s alleged mismanagement of public funds during his tenure as Governor of Zamfara State and his involvement in the famous arms deal scandal.

“As party loyalists, we want the Economic and Financial Crime Commission (EFCC) to investigate the matter and bring justice to those responsible for the mismanagement of public funds. This will serve as a deterrent to others considering engaging in corrupt practices in public office, especially considering what happened to the humanitarian minister.

The APC Akida Forum, as a political pressure group, commends the Federal Government for making bold decisions against corruption,” he added.

On May 18, 2023, the EFCC announced that it was investigating allegations of extensive corruption, fraudulent contract awards, and the misappropriation of more than N70bn by Matawalle.

Meanwhile, members of the Zamfara Alternative Forum had staged a similar protest at the EFCC headquarters in January, asking the commission to revisit the probe of the former governor.

 

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UBA Champions Youth Empowerment through Graduate Programme, Employs 398 Across Africa.

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Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young Africans were inducted into the UBA Tribe after a rigorous six-month hands-on-work and learning experience.

 

 

 

The event, which was held in a grand ceremony in Eko Hotel, Lagos on Thursday, was graced by esteemed guests, the UBA management, faculty members, mentors, and the graduating class.

 

 

 

The graduands are from six African countries, including Nigeria, Ghana, Cameroun, Kenya, Tanzania and Zambia.

 

 

 

Addressing the gathering, UBA’s Group Chairman, Tony Elumelu, who congratulated all the graduates, expressed profound pride and admiration for their success having completed the intense capacity-building programme, combining learning with on-the-job training experience, garnered while rotating across several departments and units in the bank.

 

 

 

Elumelu took time to highlight the bank’s passion for youth empowerment in Africa, while bridging the unemployment gap, which according to him, remains one of the greatest challenges of the continent.

 

 

 

“For me these young UBA Graduates are a testament to who we are: a truly pan-African Group, that invests in African talent.This milestone is more than just numbers. It signifies UBA’s commitment to youth empowerment. Unemployment is the greatest challenge we face – a tragic and cruel betrayal of a generation. We know governments alone cannot create all the jobs we need – so it is up to us, the African private sector, to partner our government in improving lives and livelihoods. This is Africapitalism, and it is gratifying to see UBA play its part. UBA is dedicated to creating a positive impact, through the GMAP programme UBA is creating employment, boosting economic growth, and transforming lives across Africa,” Group Chairman said.

 

 

 

Continuing, he said, “At UBA, identifying these young ones, bringing them to the centre, training them, equipping them for the future and the task ahead, not just for a career in UBA, but wherever they end up remains our passion, because this is how we play our role as a Pan-African bank, in helping to empower the next generation, which is the African youth. We are helping to create employment and this for us is our driving force.”

 

 

 

Earlier in his speech, UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, commended the graduating class for their unwavering commitment and emphasized the program’s role in cultivating the next generation of UBA leaders.

 

 

 

“Your dedication, resilience, and unwavering commitment have been nothing short of inspiring. Each of you has demonstrated the qualities of a true UBA ambassador, and today, we celebrate not just your achievements but also the collective strength of our UBA family.

 

 

 

While recognizing the invaluable support extended by families and friends, the GMD said, “Let us take a moment to express our deepest appreciation for their steadfast support as the invaluable support of your families and friends throughout this journey. Their love, encouragement, and understanding have undoubtedly played a pivotal role in your success.”

 

 

UBA’s Group Head, Human Resources, Modupe Akindele, said the bank remains committed to nurturing talent and leadership within the organisation. She noted that the GMAP programme, which marked its second graduation will be a continuous initiative, as it culminates an intensive journey towards leadership excellence.

 

 

 

“Already, the programme has graduated over 1,100 graduates, that is about 700 in 2023 and now we have 398 graduates. The fact remains that at UBA, we believe in equal opportunity for all, regardless of age, tribe, gender, or background; and so, we will continue to pursue our dream to nurture these young ones to their full potential,” she added.

 

 

 

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five million customers, across over 1,000 business offices and customer touch points, in 20 African countries and across 4 continents.

 

 

 

With presence in the United States of America, the United Kingdom and France and more recently the United Arab Emirates, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.

 

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