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President Tinubu Appoints Ayo Sotinrin as Managing Director of the Bank of Agriculture
President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.
Mr. Sotinrin brings a diverse and extensive background in the private and public sectors to his new role.
Before his appointment, he held the position of Group Chief Executive Officer at SAO Group. His leadership at SAO Agro, an agribusiness company, was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
In the public sector, he served as Special Adviser (Environment & Urban Development) to the Minister of State FCT from 2011 to 2015.
He has consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
Mr. Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.
Mr Sotinrin’s appointment aligns with the Tinubu administration’s strategy to revitalise Nigeria’s agricultural sector.
“Mr Sotinrin’s proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity”, President Tinubu emphasised.
News
ALLEGED CONTEMPT: INEC CHAIRMAN ABSENT, COURT FIXES OCTOBER 8
The lawsuit is instituted by Edozie Njoku, Chairman of the National Rescue Movement (NRM), who was accusing the INEC boss of flouting an order of mandamus directing INEC to accept the outcome of an emergency convention that produced him.
The Chairman of Nigeria’s electoral body INEC, Prof Mahmoud Yakubu, failed to show up when a case of contempt against him came up for mention at the Federal High Court in Abuja on Friday.
The lawsuit is instituted by Edozie Njoku, Chairman of the National Rescue Movement (NRM), who was accusing the INEC boss of flouting an order of mandamus directing INEC to accept the outcome of an emergency convention that produced him.
At the proceedings, Alhassan Umar, counsel for Professor Yakubu informed the Court of a pending application challenging the jurisdiction of the court.
But this was contested by NRM’s lawyer, Oladimeji Ekengba ought to have been present as it is a criminal case.
Justice Obiora Egwuatu subsequently adjourned the case till October 8.
News
FG Immortalizes Buhari renaming UNIMAID after him
UNIMAID will now be known as Muhammadu Buhari University, Maiduguri.
President Bola Ahmed Tinubu on Thursday announced that the University of Maiduguri would be renamed in honour of the late leader, Muhammadu Buhari.
UNIMAID will now be known as Muhammadu Buhari University, Maiduguri.
Presiding over the FEC session, President Tinubu delivered a stirring tribute, celebrating Buhari’s life as one defined by discipline, moral fortitude, and unwavering patriotism.
He described Buhari not as a perfect man—no leader is—but as a good, decent, and honourable man.
While acknowledging that Buhari’s record, like all legacies, will be subject to debate, Tinubu insisted that the character he brought to public life, the moral force he carried, and the incorruptible standard he represented will not be forgotten.
A high court in Ebonyi State has ordered the release of 24 members of the Indigenous People of Biafra (IPOB) after they were held in detention for four years.
The ruling on Thursday marks a significant development in the ongoing legal proceedings involving the group.
The 24 IPOB members were discharged and acquitted by Justice I. P. Chima of Ebonyi State High Court.
It was gathered that they were among the last batch of the IPOB detainees out of the 36 held since May 4 2020.
Meanwhile, their lawyer and human rights activist, Ifeanyi Ejiofor, confirmed their freedom in a statement titled, “Justice Delayed, But Never Denied.”
According to him, the ruling followed the preliminary objection which highlighted the brazen violation of their fundamental rights: particularly the constitutionally guaranteed protection against double jeopardy, enshrined under Section 36(9) of the 1999 constitution of the Federal Republic of Nigeria (as amended).
Ejiofor said the sacred principle, “autrefois acquit”, stipulates that no person shall be tried again for an offence in respect of which they have previously been acquitted.
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