Business
CMC Connect Announces Kunle Elebute as Chairman-Designate
CMC Connect LLP (Perception Consulting), a leading Public Relations and Strategic Communication firm in Nigeria, has announced the appointment of Mr. Kunle Elebute as its Chairman-Designate, effective January 1, 2025. He will be succeeding Mr. Akinmolu Opeodu, who has led the company’s board with a focus on strong corporate governance, steering the firm through significant growth and transformation.
Mr. Elebute brings over 40 years of corporate experience to the role. He served as National Senior Partner at KPMG Nigeria from 2016 to 2022 and led KPMG Africa as Chairman during the same period. Additionally, he was a board member of KPMG International, Europe, Middle East & Africa. Currently, he holds the position of Board Chair at Teach for Nigeria, PSI Nigeria (an affiliate of a US-based healthcare non-profit), and Gerrard Capital Advisory Services.
Reflecting on his tenure, Mr. Opeodu expressed confidence in his successor, stating, “It has been a privilege to lead CMC Connect LLP through such exciting chapters of its growth. I am confident that Kunle is the ideal leader to carry forward our legacy of excellence. His dynamic leadership and forward-thinking approach will propel the company to new heights.”
In response to his appointment, Mr. Elebute shared his vision for the company: “I am honored to lead CMC Connect LLP’s board at this pivotal moment. My vision is to help transform CMC Connect LLP into a game-changer in the Public Relations and Strategic Communication industry, not just in Nigeria but across Africa. Together with our talented team, we will harness technology, innovation, strategic insights, and cutting-edge solutions to exceed our clients’ expectations and redefine industry standards.”
Mr. Yomi Badejo-Okusanya, Lead Partner at CMC Connect LLP, expressed enthusiasm about the appointment: “We are thrilled to welcome Mr. Elebute as our Chairman-Designate. His appointment signals a bold step in our journey to becoming the foremost Public Relations and Strategic Communication firm in Nigeria. We are poised for groundbreaking growth and innovation under his leadership, as well as strengthening our presence across Africa and capturing new market opportunities.”
Mr. Elebute’s appointment marks a new chapter for CMC Connect LLP as the firm positions itself for continued success and expansion across the continent.
Former Kaduna Central Senator Shehu Sani has criticized the World Bank for worsening Nigeria’s economic difficulties. In a post shared on X, Sani accused the institution of projecting that Nigeria’s hardship would extend for another 15 years before the country could reach a better economic future. He questioned how many Nigerians would be left to enjoy that future, and how many African nations the World Bank has successfully helped to prosperity.
Sani’s remarks follow the World Bank’s latest *Africa’s Pulse* report, which forecasts that the Nigerian Naira will be among the worst-performing currencies in Sub-Saharan Africa by August 2024. The report placed the Naira’s decline alongside that of the Ethiopian Birr and South Sudanese Pound.
Heirs Insurance Group (HIG) recently announced impressive financial results for the 2023 fiscal year, marking significant growth across all key metrics. The Group’s Gross Written Premium (GWP) surged by 59.3%, from N19.9 billion in 2022 to N31.7 billion in 2023. This remarkable performance underscores HIG’s resilience and operational efficiency, further solidifying its position as one of Nigeria’s fastest-growing insurance firms.
Heirs General Insurance (HGI) saw a 77% increase in GWP, reaching N12 billion in 2023. HGI’s profit before tax (PBT) also rose by 203%, reflecting the company’s effective cost management. Similarly, Heirs Life Assurance (HLA) reported a 71% GWP increase and a staggering 395% rise in PBT. Both companies have demonstrated a strong commitment to customer satisfaction, disbursing billions in claims.
Beyond financial success, HIG actively engages in corporate social responsibility (CSR) projects, contributing over N100 million to education, community development, and financial literacy. With plans for future expansion and innovation, HIG is poised to remain a key player in Nigeria’s evolving insurance market.
Federal Capital Territory (FCT) Minister, Nyesom Wike, has called on Nigerians to fulfill their tax obligations, emphasizing that government revenue is essential for delivering social services. Wike made this appeal during the inaugural Abuja Business and Investment Summit, held in Abuja on Wednesday.
Speaking on the summit’s theme, “Optimising Investment Through Partnerships,” Wike stressed the importance of collaboration to generate investment opportunities. He dismissed the misconception that the government does not need revenue, explaining that taxes are crucial for funding public services.
Wike reiterated that both investors and the government must benefit from such partnerships, ensuring that both parties “go home smiling” through a fair exchange of services and taxes.
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