United Africa Company of Nigeria Plc

United Africa Company of Nigeria Plc (UACN) has announced the appointment of Mr Ibikunle Ibiyinka Oriola, as the company’s Group Finance Director.

UACN’s expectations from Ibikunle

A statement issued by the company to the Nigerian Stock Exchange, yesterday, said the Board of Directors expects Mr Oriola to deploy his rich experience towards developing and implementing appropriate finance strategies that will improve the financial performance across the UAC group.

The latest appointment at UACN Group follows the recent retirement of the Group’s Chief Executive Officer (CEO), Abdul Bello.

Mr Oriola’ Profile

Ibukunle is an Institute of Chartered Accountants of Nigeria (ICAN) qualified accountant with a BSc degree in Finance from the University of Lagos and also an ICAN merit award winner.

Ibukunle worked as Group Chief Finance Officer (CFO), Asset and Resource Management Holding Company Limited where he had oversight on the Group’s finance function. Prior to that, he as the Group CFO of Transnational Corporation of Nigeria Plc, responsible for executing a broad range of finance and ancillary roles.

Ibikunle has extended corporate finance experience gained as a transaction adviser working with Ecobank Capital and KPMG. He was seconded to KPMG UAE for 15 months in 2007 where he worked on several infrastructure finance projects.

He also previously worked with Kakawa Discount House (Now FBN Merchant Bank) and Asset & Resource Management Company.

About UACN

UAC Nigeria also known as UACN was first incorporated in Nigeria under the name Nigerian Motors Ltd on April 22, 1931 as a wholly owned subsidiary of the United Africa Company Ltd, the firm that later became UAC International (UACI).
It is a publicly listed company based in Nigeria. Its areas of operation include manufacturing, services, logistics and warehousing, agricultural and real estate. UACN’s food operations include UAC Franchising, UAC Restaurants and UAC Dairies.
UACN Group’s stock currently trading at N8.00 today’s trading session at the Nigerian Stock Exchange (NSE).


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