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ARM announces new CEO as part of strategic leadership transition

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ARM announces new CEO as part of strategic leadership transition
Stay Ahead with OsundailyNG - Your Daily Dose of Nigerian News & Insights

ARM Holding Company, one of Nigeria’s foremost investment management firms, has announced the appointment of Wale Odutola as Group Chief Executive Officer and Osahon Ogiemudia as Executive Director, effective July 2025. This strategic leadership transition marks a significant milestone in ARM’s 30-year journey and positions the Group for a new chapter of innovation, enterprise growth and scale that is firmly aligned with Nigeria’s evolving economic landscape.

The announcement follows the planned exit of Ms. Jumoke Ogundare, the current Group CEO, who will step down on June 30, 2025, after three remarkable decades of service, including a decade of leadership as Group CEO. Under her leadership, ARM reinforced its position as a trusted partner to individuals and institutions, expanded its asset management footprint, and deepened its impact across sectors.

Commenting on the leadership change, Ms. Jumoke Ogundare, the outgoing Group CEO stated:

“It has been a privilege to lead ARM. I am confident that Wale and Osahon will continue to uphold our core values while exploring new paths for innovation, growth, and stakeholder impact. Their leadership will ensure that ARM remains firmly aligned with its mission and long-term strategic objectives.”

Wale Odutola, the incoming CEO, brings nearly three decades of experience in Nigeria’s financial services sector. He currently serves as Deputy CEO of ARM Holding Company and has previously held leadership roles across key subsidiaries including ARM Pension Managers, ARM Securities and ARM Properties Plc. Recognized for his strategic foresight, disciplined execution and operational excellence, Wale has played a central role in driving group-wide performance, business integration, and resilience.

Commenting on his appointment, Mr. Odutola said:

“ARM has always stood for vision, integrity, and long-term value. I am honoured to lead this next chapter of growth alongside a team deeply committed to excellence and innovation. We will continue to anticipate the needs of our clients, contribute meaningfully to Nigeria’s economic progress, and uphold the values that have defined ARM for three decades.”

Osahon Ogiemudia, who assumes the role of Executive Director, has led critical operational and corporate functions at ARM Holding Company. With a proven track record across various Group subsidiaries, including ARM Pension Managers and ARM Life, he brings a deep institutional knowledge and a strong focus on execution, client alignment and sustainability.

This leadership transition reflects ARM’s long-standing philosophy of internal growth, institutional continuity, and client-centered evolution. It ensures that the Group remains resilient and agile in meeting the dynamic needs of its clients and partners in an increasingly complex financial environment.

Commenting on the appointments, ARM’s Chairman, Deji Alli, stated:

“This transition marks not just a change in leadership, but a renewed commitment to growth and relevance in today’s Nigeria. As the economy shifts and opportunities emerge, ARM must evolve to meet the ambitions of a new generation of investors and institutions. With Wale and Osahon, we have a leadership team that is deeply experienced, forward-looking, and grounded in our mission. They are well positioned to guide ARM’s transformation into a more agile, growth-oriented enterprise.”

Known for its specialization in Traditional Asset Management and Specialized Funds, ARM continues to set industry standards in innovation, governance, and sustainable investment practices. With a legacy of innovation, sound governance, and long- term thinking, ARM remains at the forefront of sustainable wealth creation in Africa.

About ARM Holding Company

Founded in 1994, ARM Holding Company is a leading Nigerian investment management firm, providing comprehensive asset management and financial advisory services to individual and institutional investors. We enable businesses to thrive and help our clients to maximize their returns and realise their most important goals. For over three decades, we have built a firm uniquely equipped to achieve these objectives and our reputation for quality research, investment expertise and value-added services has endeared us to clients both locally and internationally.

For more information, visit www.arm.com.ng.

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Nigerian celebrities react to president Buhari’s death

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BREAKING: Akume, Wike, others in Tinubu's committee for Buhari’s burial
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As Nigerian leaders continue to mourn the late President Muhammadu Buhari, many celebrities have also reacted to the news.

OSUNDAILY NG reports that Muhammadu Buhari, Nigeria’s immediate past president, died in a London hospital on Sunday, July 13, 2025, after a prolonged illness.

Following the sad news, the Nigerian government declared seven days of mourning to honour the deceased’s legacy.

The declaration of mourning by the Federal Government sparked controversial tributes from Nigerians, including celebrities.

Reacting to the development, singer Eedris Abdulkareem attributed the negative comments against the late president to the consequences of his actions while alive.

“Your legacies after life are consequences of your deeds. Innalilahi wa innalilahi rajuhun,” he wrote.

Also reacting to Buhari’s passing, celebrated Yoruba nation agitator Sunday Igboho, in a video shared on his Facebook page, stated, “The man that sent DSS to come and kill me in the middle of the night on July 4th 2021 has died today.”

Big Brother Naija reality show star Tacha berated Buhari’s critics on the X platform, noting that criticism cannot erase Buhari’s name from Nigeria’s history.

She wrote, “No matter your views, Muhammadu Buhari was a major part of Nigeria’s story. RIP.”

Actress Kate Henshaw, in a post on X, noted that life is vanity.

She wrote, “Nothing dey this life.”

Former Big Brother Naija housemate and actor Pere Egbi stated that the pain left behind by Buhari resulted in “bitterness and hate.”

While advising President Bola Tinubu to learn from Buhari’s administration, Pere urged him to address Nigeria’s pressing challenges.

“May his soul rest in peace until resurrection morning. President Tinubu, as you reflect on your predecessor’s legacy, I appeal to your conscience: Nigeria is hurting. Millions are broken. Many have lost faith in political leaders because the pain left behind has fermented into bitterness and hate,” he stated.

Singer Portable, in a video on Instagram, said, “Make sure you do good. It’s Buhari that offends us, not Tinubu. Buhari died in London. May God rest his soul.”

Legendary fuji musician KWAM 1 sang Buhari’s praises in a video shared on his Instagram page and wished him “sleep well.”

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Naira appreciates massively against dollar ahead of public holiday to honour Buhari

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Naira appreciates massively against dollar ahead of public holiday to honour Buhari
Stay Ahead with OsundailyNG - Your Daily Dose of Nigerian News & Insights

The naira appreciated significantly against the United States dollar at the official foreign exchange market, beginning the week on a positive note ahead of Tuesday’s public holiday in honour of the late Nigerian former president, Muhammadu Buhari.

Exchange data from the Central Bank of Nigeria showed that the naira strengthened to N1,518.89 against the dollar on Monday, up from N1,530.26 traded at the close of business last Friday.

This means the naira firmed up substantially by N11.37 against the dollar compared to the N1,530.26 rate on Friday.

OSUNDAILY NG reports that, for the first time since last week, the naira is recording this margin of gain at the official market in a single day.

Meanwhile, the naira remained stable at the parallel (black) market on Monday, closing at N1,550 per dollar, the same rate as recorded last week.

The appreciation on the official market comes as the Nigerian government, through the National Bureau of Statistics, is expected to release the country’s inflation rate on Tuesday.

Earlier, the Central Bank of Nigeria fixed its Monetary Policy Committee meeting to decide on Nigeria’s interest rate for July 21 and 22, 2025.

 

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Buhari: ‘Show empathy If you want sympathy in death’ – Eedris Abdulkareem tells Nigerian leaders

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Buhari: 'Show empathy If you want sympathy in death' - Eedris Abdulkareem tells Nigerian leaders
Stay Ahead with OsundailyNG - Your Daily Dose of Nigerian News & Insights

Rapper Eedris Abdulkareem has stated that Nigerian leaders must share in the feelings of citizens if they want the public to sympathise with them in death.

The singer made this statement following the mixed reactions trailing the demise of former President Muhammadu Buhari.

OSUNDAILY NG reports that Buhari died on Sunday afternoon at a UK clinic after an alleged battle with leukaemia.

While his political allies are paying tribute to him, many Nigerians have been criticising and accusing him of various failings.

Addressing citizens in a post on his social media page, former senator, Shehu Sani, pleaded with the public to forgive Buhari his imperfections.

“A living man is still on trial and cannot judge the dead. Let the sleeping soul rest,” Sani said.

Reacting to the development in an Instagram post on Monday evening, Abdulkareem urged Nigerian politicians to show empathy while alive if they wish to receive sympathy in death.

“If you want sympathy in death, then you must show empathy when alive.
“Your legacies after life are consequences of your deeds. Innalilahi wa innalilahi rajuhun,” he wrote.

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