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Theophilus Danjuma steps down as Chairman of May & Baker Nigeria Plc, replacement announced 

May & Baker Nigeria Plc has announced the exit of its Director and Chairman of Board of Directors, Theophilus Danjuma.



May & Baker, Theophilus Danjuma exits from May & Baker Nigeria Plc, replacement announced 

May & Baker Nigeria Plc has announced the exit of its Director and Chairman of Board of Directors, Theophilus Danjuma. The pharmaceutical company also revealed Danjuma’s replacement in a statement. 

It was disclosed that Danjuma retired from his position in the company. In a statement published by Nigerian Stock Exchange (NSE), Danjuma quit the position on September 27, 2019. 

[READ MORE: World Bank appoints a new country director for Nigeria]

Danjuma’s retirement was made known during May & Baker’s Board Meeting held on Friday, September 27, 2019. On the same day, the company announced Senator Daisy Danjuma as his replacement. 

Who is Senator Daisy Danjuma? Senator Danjuma was first appointed to the May & Baker Board of Directors in 1999. In the statement, the company said, “She was first appointed to the Board of Directors of our Company on 30th July, 1999 until 8th October, 2003 and later on 30h May, 2019.  

“She is law graduate of the Ahmadu Bello University, Zaria with over decades post-call experience having been called to the Nigerian bar in 1977. She worked as a State Counsel in Lagos State Ministry of Justice (DPP), pioneer legal counsel to the Legal Aid Council. She was Company Secretary/Legal Adviser to the Nigerian Television Authority (NTA) from l982 to 1992. 

 “She was elected Senator of the Federal Republic of Nigeria (2003-2007) While in the Senate, she was a member of the Commonwealth Parliamentary Association (CPA) and Chairman, Women and Child Right Committee of the Economic Community of West African States (ECOWAS Parliament).  

“She was also the Chairman, Senate Committee on Women Affairs and Youth Development. She served as Member, Senate Committees on Health, Education, Finance, Land and Transport of the National Assembly. 

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“She was the Chairman of South Atlantic Petroleum Limited frorn1999 – 2003. She is an alumnus of the Lagos Business School. A member of the International Bar Association (IBA). The Nigerian Bar Association (NBA) and the International Federation of Female Lawyers (FIDA). 

[READ ALSO: Universal McCann appoints Austin Efienamokwu as new CEO]

 “Senator Danjuma is a Trustee of the Obafemi Awolowo Foundation and H I D Awolowo Foundation. She is the Chairman Board of Trustees of Lagos Public Interest Law Partnership and currently the Executive Vice Chairman of South Atlantic Petroleum Limited.” 


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Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: [email protected]

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Greenwich Merchant Bank appoints Bayo Rotimi as MD/CEO

Bayo Rotimi has been appointed the new MD/CEO of Greenwich Merchant Bank.



Greenwich Merchant Bank has announced the appointment of Mr Bayo Rotimi as its new Managing Director/ Chief Executive Officer.

This is according to a notification made available on the bank’s social media handle, seen by Nairametrics.

As part of his responsibilities, Mr Rotimi is expected to provide leadership and direction to the management team and take charge in optimizing the company’s overall strategic objectives and operational performance, in a bid to deliver optimal value for stakeholders, without compromising quality and standards.

About Bayo Rotimi

Mr Rotimi is an experienced investment banking professional with over 27 years’ experience. He worked for various financial institutions such as Lead Merchant Bank and FCMB Capital Markets, where he rose through the echelons to become the CEO of the latter in 2008. Prior to his recent appointment, he was the chairman of the investment committee of ARM’s Discovery, Aggressive, Growth, Ethical, Money Markets, Fixed income and Eurobond funds with over N110 billion under management.

What they are saying

Commenting on the recent development, Chairman of Greenwich Merchant Bank, Kayode Falowo said: “Bayo’s track record and pedigree speaks for itself and offers a reassuring nexus between the corporate ideals that Greenwich is reputed for and proactive dynamism required to stay on the cutting-edge of innovation, product development and stakeholder satisfaction.”

What you should know

  • Recall that Greenwich Trust Limited was officially renamed Greenwich Merchant Bank in September 2020, after obtaining regulatory approval from CBN to operate as a Merchant Bank.
  • Greenwich Merchant Bank Limited was incorporated on the 25th of February, 1992 and subsequently commenced operations in June 1994.

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Africa Prudential announces appointment of Zubaida Rasheed as Director

Zubaida Rasheed has been appointed as an Independent Non-Executive Director by Africa Prudential Plc.



African Prudential could be worth more than N4.55

The Board of Africa Prudential Plc has ratified the appointment of Mrs. Zubaida Mahey Rasheed as an Independent Non-Executive Director, effective February 24, 2021, subject to regulatory approval from the Securities and Exchange Commission.

This is according to a notification signed by the Company’s secretary, Joseph Jibunoh, and made available to the Nigerian Stock Exchange.

Given her profile and wealth of experience, the Board strongly believes that the appointment will strengthen the company by consolidating its digital transformation drive and ensuring its smooth transition from its core registrar business to providing digital solutions and technological services.

About Zubaida Mahey Rasheed 

Mrs. Zubaida is a distinguished technocrat with over forty years’ experience in the public and private sectors. A sizeable number of the aforementioned years were spent in NITEL Plc, where she served for 23 years, rising to the position of Executive Director.

Mrs. Zubaida is currently the Deputy Coordinator of Technical Working Group (TWG) for the preparation of Medium-Term National Development Plan (MTNDP) 2021-2025 & Nigeria Agenda 2050 (Business Environment, Trade, Competitiveness, and Product Space Mapping).

She is an alumna of Ahmadu Bello University (ABU), having obtained a BSC degree in Economics in the aforementioned institution. She holds professional membership in the Nigerian Institute of Management and National Institute of Marketing, Nigeria.

What you should know

  • Africa Prudential Plc had earlier declared a dividend of 50 kobo each, totaling N1 billion for its shareholders.
  • Africa Prudential Plc formerly known as UBA Registrars Ltd was incorporated as a private limited liability company on 23rd March 2006 to take over the registrar services formally operated as a department by its former parent – UBA Global Market Limited.
  • The company was listed on the Nigerian Stock Exchange on the 17th of January, 2013. It currently manages over 80 corporate clients in both the public and private sectors.

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