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Flour Mills of Nigeria Plc announces Omoboyede Olusanya as new GMD/ CEO

Flour Mills has appointed Omoboyede Olusanya as its new Group Managing Director/Chief Executive Officer.



Flour Mills of Nigeria Plc (referred to as “Flour Mills “or “FMN”), Nigeria’s leading integrated food business and Agro-allied group, owners of the iconic brand – ‘Golden Penny,’ today announced the appointment of Mr. Omoboyede Olusanya as its new Group Managing Director/Chief Executive Officer, effective 1st January 2021.

Mr. Olusanya who joined FMN in January 2020 as Group Chief Operating Officer has been a core member of the executive management team. He was admitted to the Board of Directors since July 2020 and will take over from Mr. Paul Gbededo, who is retiring after 38 years of meritorious service to the Group.

Omoboyede Oyebolanle Olusanya (Boye), is both an engineer and a computer scientist by training. He graduated with Honours from the University of Lagos, as an engineer and furthered his career at masters’ level at the Universities of Liverpool and Manchester, England where he obtained his M.Sc. Computer Science and M.Sc. Environmental Civil Engineering respectively. Boye has also attended several management programs at the Harvard, London and Lagos Business Schools.

He is a member of the Nigerian Society of Engineers (NSE), Council for the Regulation of Engineering in Nigeria (COREN), Institute of Directors (IOD) and Institute of Highway and Transportation, UK (IHT).

Boye, a success-driven leader with strong business acumen and adept risk management skills, began his career over three decades ago as an Engineer with Ove Arup and Partners (a global design consultancy firm). Within this period, he has served in several progressive roles of increasing responsibilities across various industries including Structural Engineering, Information Technology, FMCG and Telecommunications.

Prior to his new appointment, he has over the past two decades held several executive positions in various industries most recently as the Group Operating Partner at Helios Investment Partners (a global private equity firm), where he managed diverse investment portfolios. Chief Executive Officer of Emerging Markets Telecommunication Service Limited (formerly Etisalat), where he anchored the sale process for 9mobile which he saw to completion. Partner at GA Capital Ltd (2016), a consulting and advisory firm providing technical and financial advisory services to
several privately-owned businesses and government parastatals. Chief Transformation Officer at Dangote Industries Limited. Managing Director of Dancom Technologies, Acting CEO, VEE Networks limited formerly ECONET Wireless where he successfully managed the transition of the company to a new brand.

Commenting on the appointment, Mr. John Coumantaros, Chairman of the Board, said:

“I am happy to welcome Boye Olusanya as our new GMD / CEO. The board is confident that he is the right person for the job. He is a seasoned professional and an exceptional business leader who will lead the group into the future as we continue to strengthen our brands and create value for investors and stakeholders.”

On his part, the outgoing GMD/CEO, Mr. Paul Gbededo, stated:

“I cannot deny that I will miss the rigorous strategy sessions with the board, the passion of the executive team, and of course the relentless inventive spirit of our people across various businesses locations in the country. Nevertheless, I must say that I am confident that it is time to hand over leadership to the next generation. I have worked closely with Boye Olusanya, and I am confident that with him at the helm of affairs, the group is on course to reach even greater heights.”

Reflecting on his appointment, Omoboyede Olusanya said: “It is an absolute honour, and I am committed to carry the legacy of our great company forward as we continue to deliver on our brand’s golden promise of excellence. With the support of the board and my colleagues on the executive team, I can assure our customers, consumers and
other stakeholders that we are poised for the next phase of growth and development.”

About Flour Mills of Nigeria Plc

Incorporated in September 1960 and quoted on the Nigerian Stock Exchange since 1978, Flour Mills of Nigeria (FMN) Plc, owners of the iconic Golden Penny Food brand is one of Nigeria’s leading food and agro-allied companies. With a broad basket of food products and robust pan-Nigerian production, distribution, and supply chain network, FMN is a fully integrated and diversified food and agro-allied group.

FMN group strives in its purpose to “Feed the Nation, Everyday” through its five core food value chains: Grains, Sweeteners, Oils and Fats, Proteins, and Starches. FMN creates value along the entire food chain with its “farm-to-table” model by providing inputs and know-how to farmers, aggregating and sourcing crops and raw materials to supply its world-class processing facilities across Nigeria, and distributing its innovative food brands to its customers.

More information can be found at

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JustLiquidity; The best place for easy and decentralized Crypto

JustLiquidity aims to be the leading top decentralized exchange on the Binance SmartChain, with revolutionary developments and product’s



Introduction of Julwallet feature (NFTs minting and NFTs shop)

NFTs and NFT artists have been trending a lot in the African art space

NFTs or NonFungibleTokens as it stands, are redefining the very outlook of various forms of creative work like art, video, music, characters in a game etc. NFTs by their very definition represents unique data on the digital ledger or blockchain. Unlike Fungible tokens on the blockchain, these tokens are not interchangeable as they represent something unique in themselves.

Justliquidity has introduced a few products to the general public that makes creating, storing, selling and sending NFTs all on the Binance SmartChain as BEP1155 token, the Julwallet is one of its revolutionary products that has all these features in it and more in development currently.

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A few of other products JustLiquidity are:
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Our community token JULD can also be used for bookings on

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CHI Limited celebrates its maiden Hollandia Dairy Day

The Hollandia Dairy Day Conference is a public interest initiative created to highlight the importance of dairy in everyday nutrition and healthy living in Nigeria.



Nigeria’s leading dairy brand, Hollandia, is set to hold the maiden edition of its Hollandia Dairy Day. The event which will be celebrated on the 18th of May 2021 will provide a veritable platform to drive national discourse on the unrivaled health and nutrition benefits of dairy consumption to people of all ages.

Set to be hosted as a conference, the theme of this year’s event is “Dairy Nourishment to Support Healthy Living”, and it focuses on the vital role dairy consumption plays in our everyday nourishment, its benefit to our overall health, and why dairy products should be included in our diets every day.

This conference, which is designed as a hybrid of physical and virtual event, will feature presentations, interviews and panel discussions from health experts and nutritionists as they provide insights and share perspectives to guide informed decisions about dairy consumption as part of a daily balanced diet. The event is opened to the public through the brand’s multiple social media platforms.

According to a report by the Food and Agriculture Organization of the United Nations, 2019, Nigeria has low dairy consumption levels per head – 15 to 20 liters’ per capita consumption. This is partly attributable to low purchasing power of the average Nigerian household, who rank milk and dairy products as non-essential luxuries and prioritize other staple foods such as rice, beans, and yam.

By provoking the conversations and stimulating public action/intervention, Hollandia aims to drive consciousness for dairy consumption and its importance to achieving optimum health, and to get many more Nigerians drinking, using, and consuming dairy products.

The past year has presented unprecedented shocks and disruptions, including a global COVID-19 pandemic. As communities throughout the world look for ways to minimize the risk of COVID-19, maintaining and boosting good health is top of mind for many. Dairy foods such as milk and yogurt contain essential nutrients, including Vitamins A and D, Zinc and Protein, which support immune function.

The Hollandia Dairy Day Conference is a public interest initiative created to highlight the importance of dairy in everyday nutrition and healthy living in Nigeria.

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