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Akure airport to become first sub-Sahara Africa’s aerotropolis

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The Federal Airport Authority of Nigeria in conjunction with Ala Resort Limited has concluded arrangements to turn the Akure Airport into an aerotropolis.

The Chief Executive Officer of the resort, Mr Moyosola Niran-Oladunni, stated this in Akure on Monday, during a news conference to herald the inauguration of the project on Tuesday.

Niran-Oladunni said that the project would be inaugurated with the signing of the Memorandum of Understanding between FAAN and the management of the resort.

An aerotropolis is a metropolitan area developed in and well beyond the airport premises. It involves the development of an airport-based city, with air travel at its core, and surrounded by commercial, educational, entertainment, healthcare and hospitality centres.

Niran-Oladunni explained that the company was bringing ideas that would impact value on the state.

He said the aerotropolis, which would be the first of its kind in sub-Saharan Africa, would drive lives around the aviation industry.

According to Niran-Oladunni, the resort had begun moves on the aerotropolis since 2017 when experts were invited to assess the airport for its suitability for the project.

He revealed that FAAN had approved the project, which he said, would be constructed in phases including institutional, industrial, commercial and agricultural.

According to him, the aerotropolis would parade institutional zone, including a sports academy that could host any sports club, which would be built by Emirate Foundation and a medical centre to be built by a US company.

The industrial zone would also enable all materials to be used for the construction to be assembled and manufactured in the sector within.

Niran-Oladunni added that the aerotropolis has the potential to catalyse cargo business in the airport, adding that the airport authority would activate the cargo shed in the airport.

He disclosed that no fewer than 14,000 skilled workers would be engaged by the aerotropolis with the infrastructure facilities gulping N56 billion.

According to him, the project is being developed as public-private partnership between Ala Resort Limited and the Federal Airports Authority of Nigeria.

“Ala Resort and Aerotropolis will be a sprawling development for which air travel will constitute the driving force and central concept, surrounded by complementary developments of commercial, educational, entertainment, healthcare, hospitality and light industrial centres.

“Vice President Yemi Osinbajo is expected to perform the ground-breaking, assisted by the Ondo State governor, Oluwarotimi Akeredolu, and Minister of Aviation, Mr Hadi Sirika,” he said.

Also speaking, the General Manager, Business Development, FAAN Headquarters, Mr Hycinth Ngwu, said the decision was anchored on private/public partnership geared towards developing an aerotropolis in the airport.

Ngwu assured that the project would be executed as planned and Akure Airport would revolutionise the way the authority generates revenue.

“It’s in the interest of all stakeholders to support the project. It will increase the revenue base of the state and local government.

“Certainly majority of the employees will come from the locality. They should support it because it will transform to their successes.

“We intend to replicate this in other airports. We started in Akure because it initially had the largest land mass before being overtaken recently by Abuja Airport,” he said.

The Airport manager, Akure, Mrs Lynda Ezike, assured that the management and staff of the airport were expectant and ready to support the proposed unprecedented developmental mega project in the airport.

“We are ready to support Ala Resort Ltd in ensuring the success of this mega project which is for the betterment of all stakeholders,” she said.

NAN

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ZENITH BANK CHAMPIONS ENVIRONMENTAL SUSTAINABILITY WITH TWO-PHASE CLEAN-UP IN LAGOS

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In line with its commitment to environmental sustainability and responsible business practices, Zenith Bank Plc has commemorated the 2026 World Environment Day with a two-phase environmental clean-up initiative in Lagos State, held under the global theme “Inspired by Nature. For Climate. For Our Future.”

The first phase was a morning clean-up conducted by staff of the Bank on Wednesday, 3 June 2026, along Ajose Adeogun Street, Victoria Island, Lagos. The exercise mobilised employees to clear waste, sensitise residents on proper disposal practices, and reinforce the Bank’s culture of community service and environmental stewardship.

The second phase, on Thursday, 4 June 2026, featured a waterways clean-up at the Falomo Waterways, Ikoyi, Lagos, executed in collaboration with the Lagos Waste Management Authority (LAWMA) and the Lagos State Waterways Authority (LASWA). The joint effort focused on removing marine debris, promoting cleaner waterways, and supporting the State’s broader climate-resilience agenda.

Speaking on the initiative, Dame Dr. Adaora Umeoji, OON, Group Managing Director/CEO of Zenith Bank Plc, said: “At Zenith Bank, sustainability is integral to how we operate. Clearing our streets and our waterways is a practical reminder that protecting the environment is a shared responsibility – and one we are proud to take up alongside LAWMA and LASWA. Through these exercises, we are taking deliberate action to preserve our communities, support climate action, and inspire others to act. Our operations will continue to align with global environmental standards as we build a more sustainable future for Nigeria and Africa.”Zenith Bank remains committed to embedding Environmental, Social and Governance (ESG) principles across its operations, investing in green initiatives, energy efficiency, and community-focused programmes. These efforts advance the United Nations Sustainable Development Goals – particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) and SDG 13 (Climate Action). Sustainability remains an operational imperative across the Bank’s Nigerian base and its broader African, UK and European footprints.

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ZENITH BANK APPOINTS ENGR. MUSTAFA BELLO AS CHAIRMAN AT ANNUAL GENERAL MEETING

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Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026.

Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing the high standards of corporate governance, regulatory compliance, and strategic oversight for which Zenith Bank is widely respected. He joined the Board of Zenith Bank Plc on 29 December 2017 and has served on several Board committees, including the Board Audit and Compliance Committee, Board Governance, Nomination and Renumeration Committee and as Chairman of the Board Risk Management Committee until his appointment as Chairman of the Board of Directors.

He has extensive leadership experience at Board and executive levels, a strong understanding of corporate governance principles and regulatory expectations, and a proven track record in strategic oversight and organisational growth. He has consistently demonstrated integrity, independence and sound judgement, qualities that distinguished him as the natural choice to lead the Board into its next chapter.

Engr. Mustafa Bello is a distinguished engineer, statesman and corporate leader. His career spans more than four decades across the public and private sectors of the Nigerian economy. He served as Minister of Commerce of the Federal Republic of Nigeria from 1999 to 2002 under President Olusegun Obasanjo, GCFR, where he led the development of Nigeria’s WTO-consistent Trade Policy. He also oversaw the Corporate Affairs Commission (CAC) online project of 2002, which modernised the way businesses register and operate in the country. From November 2003 to February 2014, he served as Executive Secretary and Chief Executive Officer of the Nigerian Investments Promotion Commission (NIPC), where he was instrumental in attracting foreign direct investment into Nigeria, building multilateral and bilateral partnerships, and representing the Federal Government at international conferences and missions.

He graduated from Ahmadu Bello University (ABU), Zaria, in 1978 with a B.Engr. in Civil Engineering (Second Class Upper Division), winning the Shell Prize for the best project and thesis in the Faculty of Engineering. He began his career with the Nigerian Army’s Directorate of Quartering and Engineering Service from 1978 to 1979, before joining the Niger State Housing Corporation as a Senior Civil Engineer from 1980 to 1983.

He is currently the Chairman of Invest-in-Northern Nigeria Limited, a special purpose vehicle for the economic and social transformation of the Northern Nigerian economy, and has previously served on the boards of Eskom Holdings Limited of the Republic of South Africa (2004 to 2008) and FrieslandCampina WAMCO Nigeria Plc as an Independent Non-Executive Director. He is a Fellow of the Nigerian Society of Engineers and a Registered Member of Council for the Regulation of Engineering in Nigeria (COREN) as well as Fellow of the Academy of Natural Sciences & Engineering in Nigeria (ANSEN).Zenith Bank stands among Africa’s leading financial institutions, with a strong capital base and operations across Nigeria, the United Kingdom, the United Arab Emirates, Ghana, Sierra Leone, The Gambia and Côte d’Ivoire.

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FirstBank Confirms Appointment of Olayinka Ijabiyi as Group Head, Marketing and Corporate Communications

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FirstBank, West Africa’s premier financial institution and financial inclusion service provider, has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. The appointment takes immediate effect and reinforces strong corporate governance at a pivotal point in the Bank’s growth and transformation journey.

Olayinka Thomas Ijabiyi is a seasoned marketing and corporate communications professional with over 25 years of experience driving brand transformation, strategic visibility, and stakeholder engagement across financial services, telecommunications, media, and international development sectors.

Ijabiyi joined FirstBank in 2011 and has served in acting capacity as the Group Head of Marketing and Corporate Communications from December 2024 until his recent confirmation. In his role, he leads the development and execution of integrated marketing and corporate communications strategies across the Group’s markets. He oversees brand and reputation management, executive positioning, Corporate Responsibility and Sustainability as well as strategic communications initiatives aligned to the Bank’s business objectives/aspirations.

Prior to his current role, Ijabiyi has held leadership positions within the Marketing and Corporate Communications Department in FirstBank, including Head Brand Strategy and Special Projects, Head Digital Marketing and Head Brand and Stakeholder Management. 

Before joining FirstBank, Ijabiyi built a diverse career across leading organizations including British Council, Multichoice, MTN and Etisalat Nigeria, where he played key roles in brand building, corporate communications and digital transformation initiatives.

Widely recognized for his strategic mindset, leadership ability to translate business objectives into impactful marketing and communications strategies, he has successfully led major brand initiatives, including milestone anniversary campaigns and brand refresh programs, while consistently delivering efficiencies and enhancing brand equity.

Ijabiyi holds a Master’s degree in Public and International Affairs from the University of Lagos and a Bachelor’s degree in English Language from the former Ondo State University, Ado Ekiti. He is a Fellow of the National Institute of Marketing of Nigeria (NIMN) and a member of the Nigerian Institute of Public Relations (NIPR), amongst other industry bodies.

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