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Coronation Merchant Bank appoints Paul Abiagam as acting CEO

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Coronation Merchant Bank has announced the appointment of Paul Abiagam as its acting managing director (MD) and chief executive officer (CEO).

The bank, in a statement on Monday, said the appointment took immediate effect.

“Paul Abiagam, who previously served as Deputy Managing Director of Coronation Merchant Bank, takes over the reins with a track record of spearheading strategic initiatives that have significantly enhanced the Bank’s financial and operational performance,” the bank said.

“His expertise spans corporate, commercial, and consumer banking, with a notable focus on strategic business development and wealth management.”

Commenting on the appointment, Babatunde Folawiyo, chairman of Coronation Merchant Bank, said Paul is a proven leader whose “strategic acumen and extensive experience in the banking sector make him the ideal choice to steer Coronation Merchant Bank through its next phase of growth”.

“His appointment as acting managing director/CEO aligns with our phased leadership transition plan, which has been carefully executed with the cooperation of the erstwhile MD/CEO, Banjo Adegbohungbe,” the bank said.

“We have full confidence in Paul’s ability to drive our strategic goals and deliver exceptional value to our stakeholders.”

Coronation Merchant Bank said through his professional career, spanning over two decades, Abiagam has built a reputation for leading high-performing teams to achieve remarkable results.

“His roles at recognised financial services companies involved driving significant transformations with innovative strategies, aligning systems with corporate goals, thereby unlocking exponential profitability and growth,” the bank said.

“Paul’s leadership skills are complemented by his strong analytical capabilities in finance, risk management and operations, which have been instrumental in developing cutting-edge insights that propel sustainable profits.

“His forward-thinking approach to international trade finance and asset management has established him as a leader within the banking industry.”

Before joining Coronation Merchant Bank in 2023, Abiagam served in several senior roles both locally and internationally.

He was the pioneer managing director at Guaranty Trust Pension Managers Ltd and held various leadership positions at Guaranty Trust Bank.

Abiagam is an alumnus of the University of Benin and also holds an MBA from Lagos Business School, and served as sub-chair of the institution’s alumni association committee from 2018 to 2022.

Abiagam is a fellow of the American Institute of Certified Public Accountants, the Chartered Institute of Management Accountants in the United Kingdom, and a member of the Chartered Institute of Directors in Nigeria.

Celebrities

Helen Ukpabio demands N200bn damages in defamation suit against Bloody Civilian

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Helen Ukpabio, the founder of Liberty Gospel Church, has demanded N200 billion in damages from the singer Bloody Civilian after the latter alleged that she encourages child lynching.

Earlier on Friday, Bloody Civilian, born Emoseh Khamofu, had alleged that Ukpabio “literally made people burn their children alive”.

Khamofu commented on a post celebrating the cleric’s 60th birthday.

She also posted a YouTube documentary wherein Ukpabio’s methods and ideology were criticised.

Reacting to her tweet, Imabong, Ukpabio’s daughter, threatened to take legal action against Khamofu if she didn’t delete the post.

“I give you the next five hours to take this down, or I will educate you in court!” Imabong wrote.

But in a letter from her legal representative, Ukpabio described the allegations as “reckless, satanic, and libellous”.

She demanded that the singer issue a retraction and public apology on all social media platforms and ten national and international dailies within 72 hours.

The cleric also requested that the singer pay N200 billion as “damages for distress, trauma, pain and anguish”.

The letter added that the demands must be met in 72 hours.

She claimed the allegations had been investigated by the police and have been concluded to be “grossly false”.

“Our client’s attention has been drawn to your reckless, satanic, and libellous posts on X (formerly Twitter), one of the world’s largest social media platforms,” the letter reads in part.

Responding to the letter, Blood Civilian made light of it by teasing that she is offering other services like comedy to afford the damages.

“This December I will be adding the following to my services: weddings, standup comedy and settling disputes,” she wrote.

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Plantashun Boiz attempted reunions failed because I wasn’t invited, says Blackface

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Blackface, the Nigerian dancehall singer, says Plantashun Boiz, a defunct music group, multiple attempts to reunite failed because he was not included.

Formed in 2000 with 2Baba and Faze, Plantashun Boiz disbanded in 2004 but briefly reunited in 2007 for an album.

In a recent episode of the ‘Curiosity Made Me Ask’ podcast, the host asked Blackface if there was any chance that the group might come back together.

The singer disclosed that his colleagues had attempted to reunite without him but were unsuccessful.

“Without me, they have tried and they have failed. Many times. You saw them in all those shows that they were going,” he said.

“They tried but they failed. But what I must say is I’m the plantation. So let it be known. Forget the fake memo that they spread before.”

In September, Blackface called for the reunion of the defunct music group.

He urged fans to join the mission, emphasising that “unity is strength, not division”.

“My people oya make una talk put mouth for this matter! We are on a mission for world peace and it’s not a small-time thing,” he said in pidgin English.

Since 2015, Blackface constantly tackled 2Baba for recording 2004 hit ‘African Queen’ which he claimed he wrote.

In 2017, he argued that 2Baba “sabotaged” his career in the music industry.

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Despite feud, Peter Okoye celebrates Paul on 43rd birthday

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Peter ‘Mr P’ Okoye, the Nigerian singer, has celebrated Paul ‘Rudeboy’ Okoye, his twin brother, on their 43rd birthday amid their ongoing feud.

The twin brothers have been in the public eyes since their second fallout in August.

They had their first rift in 2017 which led to the dissolution of Psquare, their music brand. Though they reunited in November 2021, their reconciliation was short-lived.

Paul recently revealed another fallout, accusing Peter of orchestrating his arrest by the Economic and Financial Crimes Commission (EFCC).

Peter, however, denied the allegations and accused Jude Okoye, their older brother, of diverting millions of dollars from their joint account into a secret company.

Responding to the accusations, Jude said he had done everything possible, even “sacrificing himself,” to mend the rift between his brothers.

In an Instagram post on Monday, Peter shared several photos showcasing their growth over the years.

He also celebrated their birthday while wishing himself as well as his twin brother more wins.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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