Business
AFROGRAMS OSA hands secretariat to Adegbokiki after resignation
AFROGRAMS OSA names Adegbokiki as acting secretary after the resignation of Dr Babatunde Soaga on health grounds
The National Executive Council of the AFROGRAMS Abeokuta Old Students’ Association has appointed Mr Kamorudeen Adegbokiki as Acting National General Secretary following the resignation of Dr Babatunde Soaga on health grounds.
Also read: Agege LGA Legislative Arm to write Governor Sanwo-Olu on chairman’s resignation
The resignation of Dr Babatunde Soaga was received by the National Executive Council in the early hours of Saturday, January 3, 2026, according to a statement issued by the National Public Relations Officer, Engr Tajudeen Oketokun.
Dr Soaga said his health condition could affect his ability to effectively discharge the demanding responsibilities of the office.
Dr Soaga thanked the council and members of the Association for the opportunity to serve and said he would continue to support the organisation despite stepping down.
Following the development, the National Executive Council directed the Assistant National General Secretary, Mr Kamorudeen Adegbokiki, to assume office in an acting capacity pending the appointment of a substantive office holder in line with the Association’s constitution.
Mr Adegbokiki is a public servant and administrator and a member of Club 940, one of the alumni groups within the Association.
His appointment is seen within the organisation as a stabilising move designed to ensure continuity in the operations of the secretariat.
As Acting National General Secretary, Mr Adegbokiki will oversee all secretariat operations and official correspondence of the Association.
Members have been advised that all matters relating to the secretariat should now be directed to his office.
The National President of the Association, Barrister Taofeek Bola Shittu, assured members of the leadership’s continued commitment to service and the progress of the Association and its alma mater.
Also read: APC Calls For Resignation Of Okorocha From Senate
The Association extended goodwill to Dr Soaga and wished him a speedy recovery, while expressing confidence in Mr Adegbokiki’s ability to manage the responsibilities of his new role.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
-
Politics2 years ago
13 Ondo Assembly Members Disown Endorsement of Aiyedatiwa
-
Politics2 years ago
APC Group, Ondo Govt, Quarrel Over Money for Endorsement
-
Trending News5 years agoStop unsavoury, inciting statements – DSS warns
-
Others5 years agoAdron Homes Celebrates 10 Years Of Housing Excellence
-
Humanity5 years agoPresident Buhari Commiserates With Ambassador Maureen Tamuno Over The Loss Of Her Father
-
Others7 years agoEX- CUSTOMS BOSS, IBRAHIM MERA’S DWINDLING FAME
-
Business2 years agoBigi Carbonated Soft Drinks Treats 40 Consumers to an Epic Easter Movie Hangout
-
Business2 years agoWema Bank Shines at Global SME Finance Forum Conference Awards 2024 …Awarded: • SME Financier of the Year (Africa) • Platinum Award for Best Financier for Women Entrepreneurs (Africa)