NIGERIA – UAC of Nigeria Plc, a leading diversified company operating in the food &beverage, animal feed and Quick Service Restaurant sector has appointed Funke Ijaiya-Oladipo as Chief Financial Officer replacing Mr Ibikunle Oriola, who has tender in his resignation in the company with effect from December 31, 2020.

Accepting the resignation, the board thanked Oriola for his services and wished him well in his future endeavours.

“The successor, Ijaiya-Oladipo, is a high-achieving, results-driven, finance professional. She has over 13 years’ corporate finance and capital markets experience,” indicated UAC.

She began her career in investment banking at Goldman Sachs in London.

Ijaiya-Oladipo is focused on connecting Africa to the world, and in this garb she has advised local and international companies on raising equity capital, mergers & acquisitions, restructurings, and divestments in Nigeria, South Africa and the United Kingdom.

Her experience also includes working with the Standard Bank Group, where she completed over 25 transactions in 10 years, reports The Punch.

In Stanbic IBTC Capital Nigeria, 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.

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 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.

As part of the appointments made by the company this year, UAC appointed Mr. Karl Olutokun Toriola as a Non-Executive Director of the Company.

Karl is the Vice President, West and Central Africa for the MTN Group, with responsibility for operations in the West and Central African region.

His past experience in a non-executive capacity on boards of directors include serving as Chairman, MTN/Areeba Guinea, Non-Executive Director, Jumia Africa; Non-Executive Director, American Towers Uganda, Non-Executive Director, MTN subsidiaries in Francophone West Africa.

He holds a Masters of Science degree in Communications Systems from Swansea University, United Kingdom and Bachelor of Science (B.Sc. Hons.) degree in Electronic and Electrical Engineering from the Obafemi Awolowo University, Ile-Ife, Nigeria.

Karl is a Fellow of the Nigerian Society of Engineers and a member of the Council of Registered Engineers of Nigeria. He is an alumnus of London Business School, Havard Business Schol, Institute of Management Development (IMD.) Switzerland, among others.

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