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Citibank appoints Dr Shamsuddeen Usman new chairman
Mukhtar Yahya Usman
The Former Minister Finance, National Planning, and former Deputy Governor of the Central Bank of Nigeria, (CBN) Dr. Shamsuddeen Usman has been appointed the Chairman of the Board, Citibank Nigeria Limited effective July 20, 2022.
Kano Focus reports that this was contained in statement issued by the bank on Wednesday noting that Mr. Usman is the third Chairman of the bank in Nigeria since inception.
He served on the Board of Citibank Nigeria Limited as an Independent non-Executive Director since 2017.
According to the statement, he replaced Mr. Olayemi Cardoso who retired from the Board, after 12 years as Chairman.
It stated that as Chairman, Cardoso led with distinction and ensured the franchise maintained high standards during his tenure – a leadership style that it noted had been consistent over the course of a very distinguished career within Nigeria’s private, public, and not-for-profit sectors.
Commenting on his retirement, it quoted Cardoso to have expressed gratitude to the shareholders, board, management and staff of Citibank Nigeria for their
“Dr. Usman’s exemplary leadership both within the private and public sector is well documented. I am convinced that his dedication to the pursuit of excellence will serve the bank well as it enters a new leadership phase.”
Usman is an erudite scholar with nearly four decades of professional experience in both public and private sectors, including banking, management consulting and economics advisory.
“As Chairman, Dr. Usman, together with the Board, will continue to provide oversight of the franchise’s leadership team and drive performance,” it added.
Speaking on his appointment, Usman was quoted to have expressed gratitude to Cardoso for his years of service.
“Mr. Cardoso’s selfless leadership has contributed significantly to the many milestones that the bank has achieved over the past 12 years.
“I want to thank the Board and shareholders for their support, as we continue to focus on consistently delivering excellence to our key stakeholders,” he added.
Usman, during his time in public service, was responsible for a number of significant national initiatives, including the development of Nigeria’s long-term development strategy, Nigeria Vision 2020 and Nigeria’s Monitoring and Evaluation Framework.
On retirement from public service, Usman has been involved in providing financial and management advisory services.
Among many projects handled by his firm were the design of a short-medium term strategic plan for states in north-eastern Nigeria, as well as designing and implementing a comprehensive performance monitoring and evaluation system for the Lagos State Government.
He also conceptualized and inaugurated the Nigeria Electricity Market Summit Group (NEMSG) that brings key stakeholders regularly together to discuss critical issues in the Nigerian Electricity Market.
Usman has a BSc, MSc, and PhD in Economics. He is a past President and a fellow of the Nigerian Economic Society. He is also a fellow of the Chartered Institute of Bankers of Nigeria, the Chartered Institute of Stockbrokers and the Society for Corporate Governance of Nigeria, among others.
Commenting on the appointment, the MD/CEO, Citibank Nigeria, Ireti Samuel-Ogbu said: “I would like to thank Mr. Cardoso for ensuring we maintained high standards as a franchise over the past 12 years.”
Nasiru Yusuf Ibrahim
The Director General of the Telecommunications Regulatory Board (ART) of the Republic of Cameroon, Philemon Zoo Zame, on Wednesday visited the headquarters of the [Nigerian Communications Commission (NCC) in Abuja for a benchmarking exercise aimed at strengthening regulatory collaboration and knowledge sharing between both countries.
KANO FOCUS reports that during the visit, the Cameroonian telecom regulator met with the Executive Vice Chairman and Chief Executive Officer of NCC, Aminu Maida.
A statement issued by Ayiabari A. Kigbara, Manager, Media Relations, Public Affairs Department of the NCC, said the engagement focused on exchanging ideas and best practices in telecommunications regulation, with emphasis on enhancing efficiency and development within the sector.
Nasiru Yusuf Ibrahim
Dangote Petroleum Refinery and Petrochemicals Limited has announced that its ex-depot price of Premium Motor Spirit (PMS) remains unchanged, reaffirming its commitment to stability in Nigeria’s domestic energy market.
In a statement issued by Esan Sunday, Head of Media Relations, Branding and Communication, the company said sustaining the current price reflects its efforts to cushion the broader economy against external shocks. It noted that by absorbing prevailing cost pressures, the refinery is helping to moderate inflationary risks, promote energy affordability, and ensure uninterrupted fuel supply amid ongoing global uncertainties.
The company reiterated its dedication to the steady supply of high-quality petroleum products to the Nigerian market, while aligning with national objectives of price stability and energy security.
It also urged the public to rely solely on official communications from the refinery for accurate and up-to-date information regarding its operations and pricing.
Nasiru Yusuf Ibrahim
President Bola Ahmed Tinubu has congratulated Alhaji Murtala Sule Garo on his emergence as the Deputy Governor of Kano State following his swearing-in on Tuesday.
KANO FOCUS reports that Garo was sworn in by Governor Abba Kabir Yusuf after being nominated to fill the vacancy created by the resignation of former deputy governor, Comrade Aminu Abdulsalam.
In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President described Garo’s appointment as a positive step toward strengthening unity within the All Progressives Congress (APC) in Kano State.
The President noted that the 48-year-old politician has held several public offices, including Chairman of Kabo Local Government Area and Commissioner for Local Government and Chieftaincy Affairs during the administration of former governor Abdullahi Umar Ganduje. He also served as the APC governorship running mate in the 2023 general elections.
Tinubu commended Governor Yusuf for the appointment, urging political stakeholders in the state to rally behind the administration to ensure stability and progress.
He also called on the new deputy governor to work closely with the governor in delivering effective leadership and accelerating development in Kano State.
The President wished Garo success in his new role.
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Tinubu congratulates Garo on appointment as Kano deputy governor
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