Corporate Actions

Chemical and Allied Products Plc (CAP Plc) has released a notification, informing the Nigerian Stock Exchange (NSE), and the general public of the recent changes in its board of directors.

The changes follow the resignation of Mr Abdul Akhor Bello as a Director of CAP Plc and Mrs Oluwakemi Ogunnubi as the Managing Director of CAP Plc. Mrs Ogunnubi’s resignation took effect from the 18th of February 2019. Bello’s resignation from the board is coming after his retirement as the Group Executive Officer of UAC of Nigeria Plc.

However, Mrs Omolara Elemide, the acting Group Managing Director/Chief Executive Officer of UAC of Nigeria Plc has been appointed as the acting Managing Director of CAP Plc until the board finds a replacement.

Abdul Bello’s Profile

 Abdul Bello is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN). He has attended leadership programmes at the Wharton School of the University of Pennsylvania, Harvard Business School, and IND Switzerland. He is an alumnus of the Oxford University’s Advanced Management and Leadership Programme.

Bello has worked previously as Chief Accountant of Inlaks Plc, Chief Accountant and Financial Controller of Grand Cereals Limited, Senior Group Accountant in UAC of Nigeria PLC, Finance Director and Company Secretary and later Managing Director of CAP Plc.

He was the Managing Director of UPDC Plc from November 2007 until his elevation to the Board of UAC as Chief Financial Officer in January 2010 and retired as the CEO of UACN in January 2019.

Oluwakemi Ogunnubi’s Profile

Oluwakemi Ogunnubi, a chartered accountant, attended The Polytechnic, Ibadan, where she obtained Higher National Diploma (HND) in Accountancy in 1992.

She is an alumnus of Ashridge Business School UK, and also a member of the Institute of Chartered Accountants of Nigeria (ICAN) and the Institute of Risk Management (IRM), UK.

She joined UAC of Nigeria Plc (UACN) as an accountant in February 2001. She was transferred to UAC Foods in July 2009, where she worked as National Sales Manager.

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She was appointed the Head, Risk and Compliance of UACN Plc on June 1, 2013, and subsequently appointed Head, Financial Services of UACN Plc on March 14, 2016.

Omolara Elemide’s Profile

Omolara Elemide is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

She joined UAC in October 1983 and has worked in various capacities within the UAC Group. These include Group Audit Manager, Finance Director of UACN Property Development Company Plc from where she joined the Board of CAP Plc as Finance Director/Company Secretary in February 2005.

She was appointed the Managing Director of CAP Plc in May 2009, a position she held until December 2017.


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