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Veritas Kapital Assurance Plc appoints new Executive Director 

Wole Onasanya has been appointed as the substantive Executive Director of Veritas Kapital Assurance Plc.



Veritas Kapital Assurance Plc appoints new MD/CEO , Wole Onasanya is Veritas Kapital Assurance Plc’s new Executive Director 

Wole Onasanya has been appointed as the substantive Executive Director of Veritas Kapital Assurance PlcOnasanya’s appointment came after the resignation of Oyinlade Olalekan who previously served in the position. 

In a notification sent to the Nigerian Stock Exchange (NSE), shareholders, stakeholders and the investing public at large, the insurance company declared that the National Insurance Commission (NAICOM) approved Onasanya’s appointment.  

Consequently, Onasanya’s appointment took effect from Friday, September 20, 2019.  

[READ MORE: Ecobank Nigeria makes senior management appointments]

Profile: Wole Onasanya is an experienced insurance, strategy and finance executive with over two decades of experience in Nigeria and the United States.  

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He worked as a Director at the New York office of American International Group (AIG) and as an investment banker with Credit Suisse in New York City where he closed several corporate transactions. He began his career as an analyst at the Lagos Office of Arthur Andersen (Now KPMG) and went on to work as an investment associate with Ocean and Oil Holdings where he worked on corporate development and M&A transactions. 

Before his appointment at Veritas Kapital Assurance Plc, he served as the Chief Financial Officer of Ellah Lakes Plc.  

He earned an MBA from Kellogg School of Management in the United States and a Bachelors degree in Economics (second class upper) from the University of Ibadan. He is a Chartered Accountant with the Institute of Chartered Accountants of Nigeria (ICAN). 

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His areas of expertise include insurance product development and pricing; corporate transaction execution; insurance strategy development and implementation, and strategic planning.   

A look into the Company’s financials: Veritas Kapital Assurance Plc financial statements for the financial year ended December 31, 2018, shows a 40% increase in the company’s gross premium. 

[READ ALSO: International Breweries appoints a new Director]

The group’s gross premium rose from N2.4 billion in 2017 to N3.3 billion in the period under review, indicating an additional N922 million. 

Veritas Kapital also recorded growth in its Net Premium which grew by 17% in 2018, hitting N1.9 billion up from N1.7 billion recorded in the 2017 financial year. Its loss after tax dropped to N695.2 million from N700.6 million in 2017.  

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Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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CUTIX Plc announces appointment of non-executive directors

CUTIX Plc has notified stakeholders and the general public of the retirement of Board members and the appointment of new non-executive directors.



Cutix Plc, dividend

CUTIX Plc has notified customers, the public, and other relevant stakeholders of changes in its Board room.

The announcement is sequel to the decision reached at the 37th Annual General Meeting held by the company on the 27th of November, 2020 which ratified the retirement of Barr. (Mrs). Oge Maduka and Mr. Nnamdi Ike from the Board of the company and the appointment of Mr. Ike Okonkwo, Mrs. Ijeoma Ezeasor, and Mr. Ariyo Olushekun as non-Executive Directors, effective November 27, 2020.

This is according to a recent disclosure by the firm, sent to the Nigerian Stock Exchange, and seen by Nairametrics.

In addition, the firm also announced the appointment of Mrs. Ngozi Monica Okonkwo & Co as the new external auditor of the firm, replacing ANOC Professional service who resigned during the recently concluded AGM, after serving for more than nine years.

What you should know

According to the disclosure, the breakdown of the profile of the newly appointed Directors are;

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  • Mr. Ike Okonkwo: Mr. Ike Okonkwo is a project and property, management expert. Prior to joining CUTIX Plc, he had a brief stint with firms like Adtech Limited, Keywest Property Limited, Ponsel Nigeria Limited, among others. In terms of education, he is a graduate of IMT Enugu and Federal Polytechnic Oko, where he obtained HND in marketing and accountancy respectively. He is an associate member of both the Nigerian Marketing Association and the Nigerian Institute of Management.
  • Mrs. Ijeoma Ezeasor is a Policy Analyst with technical competence in industrial and economic policy. She is currently pursuing a doctorate degree (Ph.D) at the University of Nigeria, having bagged a Bachelors’s degree in Accountancy from the same institutions and a double Masters’s of Science degree in 2008 and 2011. She is a member of various organizations and thinks thank
  • Mr. Ariyo Olushekun: An authorized dealing clerk of the Nigerian Stock Exchange and the NASD Plc and registered with the Securities and Exchange Commission. He is an alumnus of YABATECH and the University of Lagos, where he obtained an HND in Accountancy and MBA in Marketing respectively. He has participated in various executive and professional development programmes at Harvard Business School, INSEAD.

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May & Baker announces the appointment Patrick Ajah as Managing Director

May and Baker Nigeria Plc has announced the appointment of Mr. Patrick Ajah, as the Managing Director.



Senator Danjuma, May and Baker Plc

The Board of Directors of May and Baker Nigeria Plc has announced the appointment of Mr. Patrick Ajah, as the Managing Director of the company, with effect from 1st January 2021.

This disclosure was made in a notification issued and signed by the Company’s Secretary, Mrs. Adetoun Abiru.

According to the notification, Mr. Ajah would be replacing Mr. Nnamdi Nathan Okafor as the Executive Director and Managing Director of the Company, with effect from 1st December 2020.

The board disclosed that this is according to the resolution passed at the Board Meeting of May & Baker Nigeria Plc, which held on Thursday, 26th November 2020 at the Muson Centre, Onikan, Lagos, after it had confirmed the retirement of Mr. Nnamdi Nathan Okafor as Executive Director and Managing Director of the Company.

(READ MORE: NIPC grants tax holiday to Honeywell, Savannah Sugar, 4 others with N175.28 billion investments)

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The statement said that Mr Ajah “is a passionate and visionary leader with over two decades of progressive experience and responsibility in a variety of business environments; from Pharmaceuticals to FMCG, Telecoms and Manufacturing.”

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Unilever announces the appointment of Jaime Aguilera as Non-Executive Director

Unilever Nigeria Plc has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director.



The Board of Directors of Unilever Nigeria Plc has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director.

This information was disclosed by Unilever in a notification issued and signed by the Company’s Secretary Abidemi Ademola.

According to the notification, the appointment of Mr. Aguilera as a Non-Executive will take effect from 1 January 2021.

However, the Board of Unilever disclosed that Mr Aguilera is a well-rounded business professional, with broad operational expertise while working for top FMCG companies.

What you should know

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Aguilera in 2009 joined Unilever Spain as EVP & Chairman. He was appointed as Executive Vice President Unilever Eastern Europe in September 2016. He has since then moved to his current role as Unilever Executive Vice President Africa, leading the Unilever business in Africa.

Prior to joining Unilever, he has been in Coca-Cola, Nestlé, and Procter & Gamble. His experience spans Europe, the Americas and Asia.

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