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International Breweries Plc Gets New MD Nicholas Kade

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International Breweries Plc Gets New MD Nicholas Kade

International Breweries Plc Gets New MD Nicholas Kade

International Breweries Plc gets new MD Nicholas Kade. International Breweries Plc has appointed Nicholas Kade as the new managing director of the Company, effective March 1, 2026.

The company secretary/general counsel, Temitope Oluwatosin, who made this known, stated that this follows the resignation of Carlos Coutino, the managing director, effective March 1, 2026.

The company said, “Carlos Coutino joined the Company in 2018 as the national sales/trade marketing director and played a critical role in guiding the organisation through some of its most pivotal periods.
“Rising rapidly through the commercial function, he was appointed as the managing director and business unit president on January 1, 2023, a role in which his impact became especially profound.”

It added that “under his leadership, the Company recorded its highest ever sales volume and market share and achieved profitability after about six years of the business’s restructuring. He also became the Business Unit President to attain the highest employee engagement score in the country, underscoring a leadership style rooted in inclusion, trust, and performance.”

International Breweries noted that “beyond commercial achievements, Coutino led the reshaping of AB InBev’s digital landscape in Nigeria by championing a best-in-class digital product developed with exceptional local talent, an innovation that has since been successfully scaled across six countries and stands as a lasting testament to his vision and influence.”

It said, the Board is grateful for Coutino’s outstanding performance as he transits to another leadership role within the ABInBev business and wishes him the best in his future endeavors.

According to the Company, before Kade’s appointment as the new managing director, he served as the sales director of International Breweries, responsible for national sales strategy, commercial execution, and performance delivery in a high-growth, complex market.

International Breweries Plc Gets New MD Nicholas Kade

International Breweries Plc Gets New MD Nicholas Kade

“Kade is a senior commercial leader with over 15 years’ experience driving growth and transformation across Africa. He possesses a bachelor’s degree in business management, an honors degree in business management, and a Masters of Commerce (with Distinction), all from Stellenbosch University; complemented by a Postgraduate Programme in Business from GIBS Business School, University of Pretoria.

“Kade joined the parent company of International Breweries, Anheuser-Busch InBev through a highly competitive Graduate Management Trainee programme, providing a strong foundation in end-to-end commercial leadership.

“He progressed through multiple commercial director roles in South Africa, with accountability for sales strategy, revenue growth, route-to-market execution, and leadership of large, diverse teams across regions.

He has a track record of leading customer experience transformations, implementing business enablement, and delivering sustainable commercial results.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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