Newcross’ Finance Man Crosses Over to Niger Delta E&P as CFO

Adegbola Adesina has been appointed Chief Finance Officer at Niger Delta Exploration and Production (NDEP), the operator of the Ogbele oil producing field and a 11,00BOPD gasoline refinery complex in eastern Nigeria.

He started on the job on March 22, 2021, crossing directly from Newcross E&P, where he was Head, Corporate Finance until the early weeks of-March 2021. Newcross E&P is a Nigerian independent producer and operator of the Oil Mining Lease (OML) 24, also in eastern Nigeria.

Adesina had previously worked as Chief Finance Officer at Greenville LNG Ltd, a downstream supplier of natural gas in the country.

“He will add leadership, strength, content and capacity to our existing vibrant Finance function team”, said Ladi Jadesinmi, Chairman of the board of directors of NDEP. The company’s finance team, the chairman added, has “hitherto, managed successfully the healthy upkeep of our financial activities and, yearly improving robust performances and success of the organization”.

Adesina takes hold of NDEP’s CFO job after a vacancy the company had painstakingly tried to fill for two years.

He comes armed with an Executive MBA (2019) from the INSEAD Business School, as well as a First-Class Bachelor’s degree in Accounting (2002) from the University of Lagos. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN), and has also earned the Chartered Financial Analyst (CFA) designation.

“His immediate past 10 years have been spent leading multi-disciplinary project teams that provided management, financial and accounting advisory services for project-specific and corporate transactions”, NDEP says in a statement. “These roles involve a working understanding of the entire business value chain, with emphasis on how commercial arrangements and business risks impact cash flows and profitability. He brings to the group, these rich experiences and understanding of both domestic and international capital markets, having advised clients on listings and capital raises in Nigeria, London and Canadian exchanges”.

 

 

 

 



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