News
ACAMB reelects Polaris spokesperson as president
The Head of Corporate Communications at Polaris Bank, Rasheed Bolarinwa has been reelected President of the Association of Corporate Affairs Managers of Banks.
This was announced on Wednesday after the ACAMB held its elections and annual general meeting in Lagos.
Bolarinwa is the incumbent president of the association, having been elected for a first tenure of two years in 2022.
After the swearing-in of new executives, Bolarinwa thanked members of the association for giving him another opportunity to serve.
He appreciated the immediate past executives and promised to consolidate on the gains and explore new frontiers to take the association to greater heights.
Bolarin anticipated fostering collaboration with both familiar faces and new voices, steering towards even greater success.
“With the new executive committee, we will continue to strive for excellence, explore avenues for growth, and uphold the highest standards of professionalism.
“Our communication platform will foster flourishing ideas, strengthen relationships, and harness the collective wisdom of our diverse membership, from elders and past presidents to current members and associates, propelling us forward,” Bolarinwa declared.
Other elected executives include Oze Kalu, 1st vice president (FirstBank); Tolulope Onipede, 2nd vice president (Guaranty Trust Bank); Sipe Babajide, Secretary General (EcoBank); Ikechukwu Iheagwam, assistant general secretary (Access Holdings Plc.); Hadjia Ishaq, financial secretary (Jaiz Bank); Morolake Ladipo, treasurer (Wema Bank); Omede Odekina, publicity secretary (United Bank for Africa) and Utulu Ozena, social secretary (Heritage Bank).
In 2023, ACAMB generated approximately N14.5m, comprising N11m from dues and an additional N3m from successful debt recovery from members.
The association noted that it had a savings balance of N30m and received N8m in donations during the same period.
Established in 1996, ACAMB serves as the umbrella body for managers and public relations professionals within the Nigerian banking sector.
The association is actively engaged in developing a new constitution with the primary goal of enhancing collaboration among banks, the government, and the public.
The first Vice President, ACAMB, Oze Kalu pledged to execute all promises made, and more, as the association charts a course toward new heights.
News
Jonathan visits Tinubu in Aso Rock
Jonathan’s latest visit comes months after his last known appearance at the State House in November 2025, shortly after his evacuation from Guinea-Bissau amid a political crisis.
PRESIDENT Bola Tinubu on Wednesday received former President Goodluck Jonathan at the Presidential Villa, Abuja, in what officials described as part of ongoing high-level consultations on regional and continental issues.
The meeting, which was held behind closed doors at the State House, began at about 4 pm.
Sources familiar with the engagement indicated that the interaction aligns with a pattern of periodic consultations between both leaders, particularly on political developments in West Africa and Nigeria’s broader diplomatic and continental engagements..
Images from the meeting showed both leaders in a relaxed setting, engaged in conversation inside the President’s office.
Jonathan’s latest visit comes months after his last known appearance at the State House in November 2025, shortly after his evacuation from Guinea-Bissau amid a political crisis.
The former president had been leading a West African Elders Forum election observation mission when soldiers loyal to Brigadier-General Dinis Incanha reportedly staged a coup, detaining incumbent President Umaro Sissoco Embaló ahead of the official announcement of the November 23 presidential election results.
News
Nigeria’s Ambassador to Algeria, Mohammed Lele, dies at 50
Born in Gamawa, Bauchi State, in 1976, Lele studied Economics at Bayero University Kano. During his diplomatic career, he served in Nigeria’s missions in Berlin, Lomé and Riyadh.
Nigeria’s ambassador-designate to Algeria, Mohammed Mahmud Lele, has died at the age of 50.
Lele was buried in Kano on Wednesday in accordance with Islamic rites.
His death was confirmed on Wednesday by the Ministry of Foreign Affairs in a statement issued in Abuja by its spokesperson, Kimiebi Ebienfa.
According to the ministry, Lele died in the early hours of April 19, 2026, in Ankara, Türkiye, following a prolonged illness.
The ministry described his death as a significant loss, noting that he was a seasoned diplomat who served Nigeria with dedication and professionalism.
Before his nomination as ambassador-designate to Algeria, Lele was the Director in charge of the Middle East and Gulf Division at the ministry.
Born in Gamawa, Bauchi State, in 1976, Lele studied Economics at Bayero University Kano. During his diplomatic career, he served in Nigeria’s missions in Berlin, Lomé and Riyadh.
The Permanent Secretary of the ministry, Dunoma Umar Ahmed, who received his remains at the Nnamdi Azikiwe International Airport, described him as a diligent and humble officer whose contributions would not be forgotten.
News
Adelabu Submits Resignation Letter to SGF, Recommends Creation of Coordinating Minister for Energy
In a resignation letter dated April 22, 2026, and addressed to President Bola Ahmed Tinubu, Adelabu stated that his resignation will take effect on April 30, 2026, to enable him to focus on his governorship ambition in Oyo State.
Photo: Chief Bayo Adelabu, and SGF George Akume
The Minister of Power, Chief Adebayo Adelabu, has formally tendered his resignation and proposed the establishment of a Coordinating Minister for Energy to drive integrated reforms across Nigeria’s power, gas, and related sectors.
In a resignation letter dated April 22, 2026, and addressed to President Bola Ahmed Tinubu, Adelabu stated that his resignation will take effect on April 30, 2026, to enable him to focus on his governorship ambition in Oyo State.
He, however, emphasised that sustaining and consolidating the gains recorded in the power sector requires stronger coordination at the highest level, including the appointment of a central authority to harmonise policy direction and execution.
Confirming the development, the Special Adviser to the Minister on Strategic Communications and Media Relations, Bolaji Tunji, said the Minister expressed deep appreciation to the President for the opportunity to serve, describing his tenure as a privilege to contribute to national development.
Adelabu noted that his decision aligns with the provisions of the Amended Electoral Act 2026, which precludes serving political office holders from contesting elections.
He further disclosed that his gubernatorial aspiration dates back to 2016 during his tenure as Deputy Governor of the Central Bank of Nigeria.
In his three-page letter, the Minister outlined key achievements recorded during his tenure, including the implementation of the Electricity Act 2023, which decentralised the electricity market and improved the investment climate.
He highlighted that peak power generation rose to over 6,000 megawatts, driven by the integration of the Zungeru Hydropower Plant and the rehabilitation of thermal power plants. Transmission capacity was also strengthened through grid upgrades under the Presidential Power Initiative.
He further cited notable improvements in the distribution segment, including enhanced regulatory oversight, improved revenue collection, and progress in reducing Aggregate Technical, Commercial and Collection (ATC&C) losses.
Efforts to close the metering gap, he added, gained momentum through the Presidential Metering Initiative and the World Bank-supported Distribution Sector Recovery Programme (DISREP).
On the financial front, Adelabu stated that tariff reforms and a ₦4 trillion debt restructuring programme increased market revenues from ₦1 trillion in 2023 to ₦2.3 trillion in 2025, restoring investor confidence and placing the sector on a path to sustainability.
Despite these gains, the Minister acknowledged persistent challenges, including gas supply constraints, infrastructure vandalism, and the need for full commercialisation of the electricity value chain.
He therefore proposed key measures to sustain progress, including the implementation of cost-reflective tariffs with targeted subsidies, recapitalisation of distribution companies, accelerated nationwide metering, sustained transmission investments, and strengthened regulatory enforcement.
Central to his recommendations is the creation of a Coordinating Minister for Energy to provide strategic oversight and ensure synergy across power, gas, water resources, and environmental sectors.
According to him, this approach is critical to improving gas supply for thermal generation, optimising hydroelectric resources, and accelerating renewable energy deployment.
Tunji added that Adelabu remains committed to ensuring a smooth and seamless handover process, while expressing gratitude to the President for the confidence and support extended to him throughout his tenure.
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