UACN announces board changes

The Board of Directors of UAC of Nigeria Plc has announced the resignation of Ibikunle Oriola as Group Finance Director of the Company with effect from December 31, 2020, a notice at the Nigerian Stock Exchange (NSE) shows.

“Accepting the resignation, the Board thanked Kunle for his services and wished him well in his future endeavours,” UACN said in the notice signed by Godwin .A. Samuel, company secretary. At N7.05 per share, UACN trades near its 52-week low of N5.40 as against its 52-week high of N11.15

Meanwhile, the Board has appointed Funke Ijaiya-Oladipo as Chief Financial Officer. Funke is a high-achieving, results-driven, finance professional. She has over 13 years’ corporate finance and capital markets experience.

With a focus on connecting Africa to the world and the world to Africa, she has advised local and international companies on raising equity capital, mergers & acquisitions, restructurings, and divestments in Nigeria, South Africa and the United Kingdom.

Related News

She joined UAC in 2020 as a member of the Executive Committee and recently served as Head of Investor Relations responsible for strategic stakeholder management. Funke deployed her experience to align UAC’s capital market activities with its strategic priorities.

Funke began her career in investment banking at Goldman Sachs in London. Her experience also includes working with the Standard Bank Group, where she completed over 25 transactions in 10 years.

In Nigeria (Stanbic IBTC Capital), she led the equity capital markets division, executed mergers & acquisitions as a Senior Vice President, and originated cross-border transactions as a Corporate Finance Manager in South Africa.

Funke holds a B.Sc. in Economics and an M.Sc. in Project & Enterprise Management, both from University College London (UCL). She is a CFA charter holder and a member of the advisory board of Sponsors for Educational Opportunity (SEO) Africa, a revenue generating non-profit leadership organization.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.