Adedayo (Dayo) Ojo
Chair, Board of Director, Orpheus Communications, owners of City FM 105.1
Adedayo Ojo (Dayo) is the founder & Chief Executive of Caritas Communications Group. Caritas currently operates three companies – all focussed on diverse aspects of corporate communication, media and public relations. He is also a pioneer director of Proxima Energy Limited, an energy, oil & gas investments and advisory firm.
With over 30 years in the media and energy, oil & gas industry, Dayo's experience in corporate communication, issues and relationship management is unique.
Prior to setting up Caritas Communications, Dayo spent 15 years with ExxonMobil’s Nigerian affiliate, Mobil Producing Nigeria (MPN), where he retired in 2006 as a Senior Corporate Executive in charge of Government & Business Relations and Head of Abuja Office. Dayo was responsible for setting up the Government Relations department of Mobil Producing Nigeria in 1996; and in 2006, he set up the Corporate Relations department of Transnational Corporation of Nigeria Plc where he was a Vice President. He has maintained links with political leaders in Nigeria’s capital, Abuja and consulted for a number of public companies and political leaders.
As CEO of Caritas, Dayo has consulted on multi-country World Bank projects and widely on oil & gas issues across the spectrum for indigenous companies, international oil companies and governments.
While at Mobil, he worked as Public Affairs Manager for ExxonMobil’s upstream affiliates in Nigeria. In addition, he was the coordinator and lead responder for emergency and crisis communication for the African upstream operations of Exxon Mobil covering Angola, Cameroon, Chad Equatorial Guinea and Nigeria.
Between 2000 and 2002, Dayo was Public Affairs Advisor at the headquarters of Exxon Mobil Corporation in Houston, Texas, USA. He was the first African Public Relations professional in that position.
Dayo possesses outstanding interpersonal and relationship management skills in addition to his extensive media networks developed during the first 10 years of his career. In addition, Dayo has wide, varied and enduring contacts across the various strata of the Nigerian government, an asset he used effectively when he pioneered setting up Nigeria’s first full fledged Government relations office for Mobil Producing Nigeria in Abuja in 1996.
Dayo is a graduate of University of Ife (now Obafemi Awolowo University). He also holds a 1984 Master of Arts Degree in Communication Arts from the University of Ibadan as well as a Diploma in Public Relations from London. Dayo also attended the Senior Management Programme of the University of Michigan Business School, Detroit, United States and the Lagos Business School, Pan African University, Lagos, Nigeria.
Dayo was the Pioneer Secretary of the Commonwealth Journalists’ Association in Nigeria and President of the SMP 21 class at the Lagos Business School. He is member of the Public Relations Consultants Association of Nigeria, (PRCAN), Nigerian Institute of Public Relations (NIPR) and an Associate of the Advertising Practitioners Council of Nigeria (APCON).
Dayo enjoys golf and travelling during leisure time.
Sylvester E. Elema Esq
Secretary of Board, Orpheus Communication
Sylvester Elema is the Managing Partner of Usman and Elema law chambers with offices at No. 2 Rev Ogunbiyi Street, off Oba Akinjobi Way, GRA Ikeja, Lagos. He was called to the Nigerian Bar in 1985.
His scope of experience in private legal practice include the following;
- Did the National Youth Service Corps programme in a law firm in Kano and thereafter worked as a legal practitioner in another law firm also in Kano, before establishing the law firm of Usman & Elema (Barristers & Solicitors) in Kano in 1987.
- Established the Lagos Office which eventually became the head office of the law firm in 1994 and opened the Port Harcourt branch office in 2001.
- He had been consistently shortlisted for the award of the rank of Senior Advocate of Nigeria in 2013, 2015 and 2016.
- Sylvester Elema is highly experienced and skilled in preparation and vetting of legal documents/agreements, conveyancing, civil and criminal litigation, commercial legal practice with emphasis on aviation law and practice, oil and gas legal practice, Public/Private Partnership and Privatization matters and has been active in these areas of law for a period of 32 years now.
- He was one of the resource persons assembled by the Nigerian Civil Aviation Authority to work on the draft Civil Aviation Bill in 2005. This Bill was later enacted as the Nigerian Civil Aviation Act 2006.
- Held the Fiat of the Hon. Attorney General and Minister of Justice to prosecute in the Failed Banks (Recovery of Debts) and Financial Malpractices in Banks Tribunal between 1994 to 1998 in the name of the Federal Republic of Nigeria.
- Held the Fiat of the Hon. Attorney General and Minister of Justice to represent the Federal Republic of Nigeria in the Oputa Panel that was set up upon the inauguration of civilian democratic rule in 1999.
- Held the Fiat of the Hon. Attorney General of the Federation and Minister of Justice to prosecute over 250 suspects arrested and charged before the Kano Civil Disturbances Tribunal in connection with the civil riots that led to the death of over 1000 persons in Kano in 1995.
Founder & Chief Executive Officer of Petralon Energy Ltd (May 2014 to Date), Lagos (an
Indigenous Upstream Oil & Gas Company) – In less than 12-months of founding the company
(company was founded on 28th May 2014), Ahonsi has acquired a significant interest in a
marginal oil field, raised and deployed over $23-million to a drilling campaign and achieved
first oil (thus making the start-up a revenue generating company) in August 2016, within just
over 2-years of starting the company:
He has also in this time, entered an MOU with the (Ogoloma & Koni-Ama) oil
producing communities where the asset is situated, committing 5% of ALL net profits
from production, to the community;
Founding Management team & Chief Financial Officer / Executive Director of First
Hydrocarbon Nigeria, FHN (March 2011 to January 2014) – Led the first reserve basedlending/ financing for a Niger-Delta oil block (i.e. OML 26), raising $230million from a consortium of banks (led by Standard Bank Plc. & FCMB) during a recession, to acquire Shell’s entire stake in OML 26. He also raised significant capital for the company in under 3 years, before the sale of the company to a UK-Listed company in October 2013 (for over $400 million).
He also spearheaded several CSR initiatives for the organisation.
Public Service Role as the Honourable Commissioner , Ministry of Budget, Planning &
Economic Development, Edo State Government of Nigeria (January 2009 to February 2011)
– As was seconded by the Standard Bank Group (his then employers), as the premier Commissioner for this Ministry, Ahonsi was responsible for the creation and setting up of the new Ministry in the State, under the Oshiomhole Administration and so was responsible for many firsts:-
Created a State economic master plan and overhauled entire budgetary process; oversaw the preparation and implementation of medium-term plans for the identified priority sectors (such as those listed immediately below);
o Implemented a Budget policy / review process that led to the reversal of the recurrent to capital expenditure split in the State, from 70% : 30% recurrent to capital split, to 40% : 60% recurrent to capital split, thus assisting Gov. Oshiomhole to facilitate the provision of numerous infrastructure projects, in education (schools and equipment), health (hospitals and free maternity / childcare), water (boreholes and treated water) & roads, spanning all eighteen (18) local governments In the State;
As Chairman of the multilateral agency funding committee, rebuilt the State’s relationship with the multilateral donor community including World Bank, UNICEF, USAID, UNDP, and Swedish International Development Agency, and thus originated and led the sourcing of funding support from the World Bank and in the process becoming only the 2nd state in Nigeria and also West-Africa for that matter, to secure World Bank budget support (following blacklisting of the previous administration);
Originated several reforms to increase transparency in government, such as the the Due Process office and passage of the Fiscal Responsibility Act;
As a result of the foregoing (and other initiatives), helped the Oshiomhole administration achieve a significant improvement in various standard of living indices, including Infant Mortality, Maternal Mortality rates, % of population with access to clean water, etc.
Director & Head, of Government & International Organisations & Project Finance Divisions, Stanbic IBTC Bank Plc (Subsidiary of Standard Bank Plc.), Lagos (May 2006 to January
Originated the merger between Stanbic Bank and IBTC Bank Plc, creating one of the largest ever banking mergers & capital market transaction in Nigeria (at the time).
This led to his being promoted to be the youngest General-Manager in the entire Nigerian banking Industry at the time (at the age of 31) and still to this day.
Originated the largest sub-sovereign bond issue in the history of the Nigerian bond market (at that time), for the Lagos State Government (in 2008). The debut issue of the N 275 BN (US$ 1.83 BN) Bond Issuance Programme (which involved a N 50 BN, five (5) year fixed-rate bond issue) was 17% over-subscribed.
Board Positions – Also sits on the Board of a number of companies across the Oil & Gas Services, Financial Technology, Real Esate and Entertainment (i.e. Radio) sectors.
Awards – Also a Recipient of the 2008 Archbishop Desmond Tutu Leadership Fellowship Award, with a Masters Degree in Finance & Banking from the University of Reading (UK) and a degree in Economics from the University of Sussex (UK) and fluent in French.
Tony’s work experience spans a period of 27 years in the Financial service industry. He started his Banking career with Ecobank Plc in 1990 where he was among the pioneer Bank’s Inspectorate Group. He later moved to the bank’s corporate/ credit & marketing group. He was at Commercial Trust Bank Ltd., where he was the Branch Head of the Port Harcourt Business office. He grew the branch balance sheet size and created a niche for the bank as a player in the Oil and Gas Sector. He was worked with Oceanic Bank Plc in the Corporate Finance Group.
Tony is presently the Managing Director with Cashcraft Asset Management Limited, a top player and formidable force in the Nigerian Capital Market. He was promoted to this exalted position in March 2013. Prior to this elevation he was an Executive Director responsible for the Business Development and Market Strategies of the firm. He held that position since 1996. While on that role he managed Assets for some high net worth(HNW) clients and institutions in excess of N10billion as of present valuation. He is also principally responsible for driving the Retail business model of Cashcraft Asset Management, which has resulted in over 250,000 active investors across 11 business offices.
Over the seventeen years, he has participated and helped in the capital raising and restricting programs of some top financial institutions and manufacturing firms. He was appointed to the board of livestock feeds Plc in a non-executive capacity.
Tony sits on the board of several quoted companies including ARM Life Plc, McNichols PLC(Food and Beverages Company), Elim Microfinance bank and Owen & Gert Ltd, a garment company.
He holds a BSc Hons in Accounting from the University of Ife, and an MBA in Financial Management from the Lagos State University in 1996. He did a short program at the Prestigious Wharton Business School of the University of Pennysylvania and was in the graduating class of the Advance Management Program(AMP 64) Wharton Business School.
He qualified as a Chartered Stockbroker(ACS) in 1996; He is a Fellow of the Institute(FCS) and a council member of the Chartered Institute of Stockbrokers.
Tony is married with two kids.