Connect with us
Access bank

Business News

CAP Plc Managing Director resigns

CAP Plc has announced changes in its board of directors.



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.

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.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Corporate Press Releases

Applications across Nigeria, South Africa and Kenya now open for the 2021 Facebook Community Accelerator Program

The selected leaders will spend five months learning from experts, coaches and a customised curriculum so they can strengthen their community.




Today, Facebook is inviting community leaders from Nigeria, South Africa and Kenya to apply for the 2021 Facebook Community Accelerator Program—a program that offers participants training, mentorship and up to $50,000 USD in funds to invest in an initiative that extends their community’s positive impact.

The aim of the Community Accelerator is to help leaders of Facebook communities to harness the power of their community to turn ideas into action. The selected leaders will spend five months learning from experts, coaches and a customised curriculum so they can strengthen their community.

Lessons include community identity foundations, leading action-oriented programmes and sustainability. Participants will also receive early access to new Facebook products aimed at helping communities better manage and activate their members.

Plan an initiative

Participants will identify an important initiative that will create a positive impact on the broader world and develop a plan to mobilise their community around their goal. Initiatives will be shared with potential partners, mentors and a panel of judges for the chance to be awarded funding and receive public recognition.

Participants will then spend three months executing their initiatives. They will collaborate with advocates and leaders in the community space and work with the Facebook team to bring their ideas to life.

Says Kiran Yoliswa, Partner Management Lead, Middle East and Africa Community Partnerships at Facebook: “Facebook communities and their leaders are helping to resolve social challenges, sharing knowledge and information, while connecting with others that share their interests or passion for a cause. We’ve seen so many incredible communities from across South Africa, Kenya and Nigeria using our platform to drive change and provide support and encouragement for thousands of people, we’re excited to offer their Facebook Community leaders this program to help amplify their impact even more.”

How to apply


This program is open to communities that have a presence in Facebook Groups with leaders who are 18 years or older. Communities must have existed for over one year and must have a minimum size of 1,000 members. Applications open today, May 4 – 31, 2021.

The Community Accelerator is part of our Facebook Community Leadership Program, a global initiative that invests in people building communities. Learn more and apply here.

You can find out more about the 2020 Community Accelerator cohort and those who received additional funding here.

Continue Reading

Business News

NIN registration: 54 million Nigerians have now enrolled – Buhari

12 million Nigerians were enrolled into the National Identity Database in the past 6 months.



Buhari approves free business name registration for 250,000 SMEs, IMF, tax, rate, Buhari’s Budget of Sustaining Growth & Job Creation (Full text), Nigeria generates N1.36 trillion from corporate tax, others as oil revenue drops , Nigeria-Algeria highway gets Buhari's approval , Earnings from rich petroleum resources not enough to cater for Nigeria – Buhari , Tax: Buhari appoints Muhammad Nami as FIRS boss, Subsidy economics

President Muhammadu Buhari disclosed that the FG has enrolled 54 million Nigerians into the National Identity Database, citing that 12 million were enrolled in the past 6 months alone and that the final aim of the scheme is to secure Nigeria’s security infrastructure.

President Buhari disclosed this in a statement on Thursday evening.

What the President said about NIN enrollment

“I am pleased with the success we are recording in the enrollment of persons into the National Identification Number (NIN) database. 54 million Nigerians have now enrolled; I am told over 12 million of these within the last six months. Our goal is total coverage.

The National Identification Number (NIN) is the foundational digital ID for the country. It will cover one of the weaknesses in our security structure. We will be able to easily identify all Nigerians, including the crooks in our midst.”

The President added that both legal residents and Nigerians are expected to obtain the NIN as it would be beneficial to government agencies to utilise resources efficiently.

In case you missed it

The Federal Government announced a further extension of the ongoing National Identification Number (NIN) registration and linkage with Subscriber Identity Module (SIM) exercises to a new deadline of June 30, 2021.

Continue Reading


Nairametrics | Company Earnings

Access our Live Feed portal for the latest company earnings as they drop.