Business
CIBN Pledges Support for ACAMB’s Strategic Vision
CIBN pledges full support for ACAMB, backing new leadership and collaborative initiatives to enhance Nigeria’s banking sector standards
The Chartered Institute of Bankers of Nigeria (CIBN) has pledged its full support to the Association of Corporate and Marketing Professionals in Banks (ACAMB) following a high-level strategic meeting between the leadership of both bodies.
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The meeting, held at the CIBN Building in Lagos, formally introduced the newly inaugurated ACAMB Executive Committee to the CIBN leadership and marked the start of a renewed collaborative alliance.
Jide Sipe, leading a delegation of the ACAMB EXCO and Board of Trustees, described the visit as a crucial first step in his tenure to advance the vision of the association.
“When we assumed office, one of the first things we agreed on was the need to visit key stakeholders. Before reaching out more broadly, it was important to begin with our primary constituency and core stakeholders. We want them to understand the direction we are taking and support our work so that ACAMB can achieve greater success than in the past,” Sipe stated.
He introduced the newly constituted ACAMB EXCO, including 2nd Vice President Morolake Phillip-Ladipo, General Secretary Olugbenga Owootomo, Assistant General Secretary Ademola Adeshola, Publicity Secretary Abiodun Coker, and Executive Secretary Fadekemi Ajakaiye.
Responding, Professor Pius Deji Olanrewaju commended the forward-thinking vision of ACAMB, noting that the association’s focus on reputational management, sustainable corporate practices, and governance reforms would strengthen Nigeria’s banking sector.
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Olanrewaju also praised ACAMB’s collaboration with CIBN in information management, observing that their joint efforts had raised standards across the country’s banking industry.
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Business
Kola Karim’s Shoreline Group Signs $300 million Deal With Accor to Develop Nigeria’s First National Hotel Platform
Kola Karim’s Shoreline Group has signed a letter of intent with Accor, a world leading hospitality group to establish Nigeria’s first national hotel platform.
The signing took place during the Africa Forward Summit 2026 hosted jointly by Kenya and France in Nairobi.
This ambitious partnership is set to make a significant contribution to the evolving Nigerian hospitality landscape with a substantial investment from Shoreline of $300 million, leveraging Accor’s renowned brand portfolio and expertise.
As gathered the strategic collaboration aims to develop a hotel network across Nigeria, encompassing 10 hotels across eight cities and over 1,200 rooms by 2030.
These properties will span various segments, from midscale to luxury, catering to diverse travelers and contributing significantly to the nation’s tourism growth. The project also includes the establishment of a dedicated hospitality training Academy to nurture local talent and create approximately 1,000 direct jobs.
Mr. Sébastien Bazin, Chairman and CEO of Accor, stated: “We are thrilled to partner with Shoreline Group to unlock the immense potential of Nigeria’s hospitality sector. This partnership is a testament to our belief in Nigeria’s dynamic future.
“By combining Shoreline’s deep understanding of the local market with Accor’s global expertise and diverse brand portfolio, we are poised to create an unparalleled hospitality offering that will set new benchmarks for quality and service.
“Crucially, the establishment of the Accor Academy is integral to this vision, enabling us to deliver immediate talent development for the Shoreline hotel portfolio, demonstrate our long-term commitment to Nigeria through dedicated training facilities, and solidify Accor’s position as the employer and educator of choice in West Africa.”
The Agbaoye of Ibadanland and Chairman of Shoreline Group, Karim, commenting on the development said: “This partnership is central to Shoreline’s strategy of building institutional-quality infrastructure platforms across Africa.
“We anticipate hospitality infrastructure becoming increasingly vital for capital movement and development, particularly in Nigeria where high-quality room supply is underserved. Our choice to partner with Accor highlights our focus on operational excellence and long-term value.
“The hospitality academy is crucial, alongside physical hotels, for developing local talent to sustain international standards. It will support our portfolio and enhance Nigeria’s hospitality workforce.
“This investment aligns with Shoreline’s broader focus on strategic assets in energy, infrastructure, and industrial development. We view hospitality as a natural extension: real infrastructure supporting economic activity, local capability, and national growth.”
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