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9mobile Appoints Dorothy Tunde-Ajala as Chief Human Resources Officer

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In a move that strengthens its senior leadership team and solidifies its business transformation strategy, 9mobile has appointed trusted Human Resources advisor, Dorothy Tunde-Ajala as Chief Human Resources Officer (CHRO).

With over 20 years of HR experience, Dorothy is a seasoned leader known for her ability to drive business transformation through strategic HR initiatives. Her appointment underscores 9mobile’s commitment to fostering an inclusive culture and advancing its people’s vision in alignment with the company’s values and strategic goals.

Dorothy brings a wealth of experience from various sectors, including Telecoms, Energy, and Business Services. Prior to joining 9Mobile, she served as Chief Talent & Strategy Officer at Accelerate Leadership Ltd. and as an Associate Coach with Randstad RiseSmart, a global outplacement company; HR Director Anglophone West Africa, Schneider Electric; General Manager HR & Admin, Pan African International Group; Country Head, Human Resources, Siemens Nigeria; HR Manager/Business Partner, MTN Nigeria Communications,  and Head of People Management at Restral Consulting.

Throughout her career, Dorothy has established herself as a trusted advisor to business leaders, providing valuable HR insights to create high-performance cultures. She has led HR transformations, developed leadership pipelines, and implemented innovative HR strategies that have positively impacted organizational effectiveness.

“We are excited to welcome Dorothy to our leadership team,” said Obafemi Banigbe, CEO of 9mobile. “Her expertise will significantly enhance our commitment to excellence and employee engagement, crucial elements of our business transformation strategy.

“This strategic expansion of our leadership team began four months ago, with the appointment of a new CFO and CTIO. Together, we are poised to drive 9mobile’s growth and innovation, marking an exciting chapter in our journey.”

“We look forward to working with her as she drives our people-focused strategy forward. Her expertise will be crucial in achieving our key objectives, including, Enhancing Employee Engagement, well-being initiatives, professional development, performance management, and talent attraction and retention.  Dorothy’s expertise will undoubtedly empower our team to reach new heights, driving business success and sustainable growth.”

“I am excited to join 9mobile at this transformative moment in the company’s journey,” Dorothy said. “With a strong foundation already established, we are well-positioned for sustained growth and innovation.

“My focus will be on nurturing our most critical asset—our people—by aligning talent development with our strategic objectives, fostering a culture of collaboration, and maximizing our team’s potential. This is an inspiring time to be part of 9mobile, and I am confident in our collective ability to achieve great things for both our people and the business.”

Dorothy holds a B.Sc. in Sociology from the University of Lagos and is a Global Professional in Human Resources. She is also a Certified John Maxwell Trainer, Speaker and Coach; a Certified Behavioural Analysis (DISC) Trainer, and a member of the International Coaching Federation (ICF) Nigeria. She is also a member of the Institute of Directors (IOD), Society for Human Resource Management (SHRM), and an Associate of Leadership for Environment and Development (LEAD)).

As Chief Human Resources Officer, Dorothy will report directly to the CEO and play a pivotal role in aligning human capital strategies with the organization’s broader strategic goals.

Drawing on her deep expertise, she will focus on driving leadership development, enhancing organizational effectiveness, and fostering a culture of high performance that supports 9mobile’s long-term vision and growth objectives.

 


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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

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Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, on Tuesday, March 3, 2026, arraigned two bank officials, Bakare Oladimeji Surajudeen and James Olukayode Imokwede, over an alleged $306,667.81 and €50,250 fraud before Justice Ismaila Ijelu of the Lagos State High Court sitting in Ikeja.
EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud

EFCC

The defendants, who are both top officials of FSDH Merchant Bank Limited, were arraigned on a 10-count charge bordering on alleged stealing and retention of stolen property to the tune of $306,667.81 and €50,250.
The petitioner, FSDH Merchant Bank Limited, alleged that an internal audit uncovered unauthorized debits totaling $306,667.81 and €50,250, equivalent to N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), from its Letters of Credit (LC) payable accounts.
Investigations revealed that the defendants processed fraudulent transfers through the SWIFT platform to third parties.
One of the counts reads:
“That you, BAKARE OLADIMEJI SURAJUDEEN and JAMES OLUKAYODE IMOKWEDE, sometime in 2021 in Lagos within the jurisdiction of this Honourable Court, dishonestly took the sum of N527,406,916.66 (Five Hundred and Twenty-Seven Million, Four Hundred and Six Thousand, Nine Hundred and Sixteen Naira, Sixty Six kobo), property of FSDH Merchant Bank Limited.”
Another count reads:
“That you BAKARE OLADIMEJI SURAJUDEEN AND JAMES Olukayode Imokwede sometime in 2021 in Lagos within the jurisdiction of this Honourable Court dishonestly took sum of $306,667. 81 (Three Hundred and Six Thousand, Six Hundred and Sixty Seven dollars, Eighty one cents) property of FSDH Merchant Bank Limited”.
The defendants pleaded “not guilty” to all the charges preferred against them.
Following their pleas, prosecution counsel, H. U. Kofarnaisa, asked the court for a trial date and also prayed that the defendants be remanded in a Correctional facility pending trial.
Counsel to the first and second defendants, Oluwaseun Akintunde and Olajide S. Onasanya, informed the court that bail applications had been filed on behalf of the defendants and also urged the court to grant them bail on liberal terms.
They also prayed that the defendants be remanded in the EFCC custody pending the perfection of their bail conditions.
The prosecution counsel, however, opposed the prayers of the defence seeking the remand of the defendants in the EFCC custody, saying that “the EFCC detention facilities are overstretched.”
After listening to both parties, Justice Ijelu granted the defendants bail in the sum of N2 million each, with two sureties in like sum.
The court ordered that one of the sureties must be a relative, who is gainfully employed.
The sureties must provide evidence of tax payment in the last three years and must show proof of livelihood, with their residences verified.
The defendants were ordered to deposit their international passports with the court, and must not travel outside the country without the leave of the court.
The judge subsequently remanded the defendants in a Correctional facility pending the perfection of their bail conditions.
Justice Ijelu adjourned the matter till March 25, 2026, for the commencement of trial.

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AfDB Supports Francophone Africa Start-ups with €6.5M

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The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.

This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.

The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.


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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

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Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.

Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.

The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.

SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.

The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.

Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.

Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.


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