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CAP Plc appoints Portland Paints’ Finance Manager, Ada Aniagu as CFO

Ada Aniagu, formerly of Portland Paints has been appointed as CFO of CAP Plc.



Portland Paints

The Board of Directors of Chemical Allied Products Plc has announced the appointment of the Chief Finance Officer of Portland Paints, Ada Aniagu as the company’s Finance Controller with effect from February 20, 2021.

According to the information contained in the statement issued by CAP, Aniagu will assume all responsibilities and obligations of the former Finance Manager.

READ: Portland Paints appoints UAC’s Bolarin Okunowo as Non-Executive Director

On the incoming CFO

According to the information contained on Portland Paints’ website;

  • The new CFO of CAP Plc, Mrs Aniagu is a seasoned finance professional with over 11 years of extensive corporate experience spanning internal and external audits, tax, management & financial accounting and reporting, as well as budget planning & control and project management.
  • She joined the UAC group in 2019, as CFO for UPDC Hotels Limited (UHL). Prior to UHL, she was Financial Controller for Transcorp Hotels Calabar Limited for over 6 years, providing strategic leadership and championing the repositioning of the hotel’s finances to profitability.
  • Ada who is an active member of the Association of Chartered Certified Accountants (ACCA), holds a second class upper degree in English and Literary Studies from the University of Nigeria Nsukka, an Advanced Diploma in Accounting and Business and currently completing an MBA programme with Edinburgh Business School, United Kingdom.

READ: CAP Plc set to merge with Portland Paints and Products Plc.

In addition, the company announced the resignation of of Abiola Odeyemi, as Chief Finance Officer.

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

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Chams appoints new directors following the demise of Prof. Ibidapo-Obe

The Board of Chams Plc has approved the appointment of new Non-Executive Directors of the company.



The board of Chams Plc following the sudden passing of Professor Oyewusi Ibidapo-Obe has approved the appointment of new Non-Executive Directors of the company.

This disclosure was contained in a press statement issued by the Company Secretary, Yetunde Emmanuel.

According to Yetunde, the Board of Directors of the company in a bid to ensure a hitch-free operation of the company’s segments as well as the oversight function of the Board approved the appointment of Olusegun Oloketuyi and Olamojiba Bakare as Non-Executive Directors effective 18th February 2021.

It is important to note that the appointment of the new directors is subject to the ratification of the Shareholders of the company, at the company’s Annual General Meeting (AGM).

The Board expressed heartfelt condolences to the wife, children, immediate and extended family of Professor Oyewusi Ibidapo-Obe, praying that the Lord grants them the fortitude to bear this difficult loss.

About the newly appointed directors

Oloketuyi has formerly served as Managing Director and Chief Executive Officer of Wema Bank Plc. He also served as General Manager, Business Optimization Division and Executive Director of Business Development at Skye Bank Plc. He also served as Deputy General Manager, Corporate and Commercial Markets at Polaris Bank Plc (formerly Prudent Bank Plc) and as its Executive Director of Finance and Enterprise Risk Management.

Bakare is a seasoned international lawyer with almost 20 years’ experience in the Corporate world, 15 years of which was as a practicing Solicitor in the United Kingdom.

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Diageo appoints Tom Shropshire as Secretary ahead of Siobhan Moriarty’s retirement

The parent company of Guinness Nigeria Plc, Diageo Plc, has announced Shropshire to replace Moriarty as General Counsel.




Diageo Plc, the parent company of Guinness Nigeria plc has disclosed that Tom Shropshire has been appointed to replace Siobhán Moriarty as the General Counsel & Secretary of the Company.

The company which ranks as one of the largest producers of spirits and beers made the disclosure in a press release published on its website.

According to the information contained in the press statement, Siobhán Moriarty who became the Company’s General Counsel in 2013, and thereafter taking up a combined role of General Counsel & Company Secretary in 2018 is set to retire in September.

Moriarty is globally recognized for her leadership role in the company through her valuable contribution to Diageo’s long-term performance, this earned her spots in the Financial Times list of top 20 global General Counsel, and also 2017 and 2018 FT and HERoes Champions of Women in Business lists.

Shropshire is a recognised expert in corporate sustainability and has worked extensively with the United Nations Global Compact. He is also a trustee of Comic Relief and has been named one of the leading minority ethnic executives in the US and UK by EMpower and The Financial Times.

What they are saying

Ivan Menezes, Chief Executive, Diageo, said: “I am delighted to welcome Tom to Diageo. His leadership and wealth of experience in corporate advisory, M&A and capital markets, along with his passion and advocacy for sustainability, inclusion and diversity, will make him a great asset for our Executive team and Board.

“I would also like to pay tribute to Siobhán’s outstanding contribution to Diageo ever since the creation of the company in 1997. She has expertly led our legal function, supporting the transformation of the company with her strong sense of purpose and professionalism.”

The outgoing General Counsel & Company Secretary of the company, Siobhán Moriarty, in her statement said, “I have had a wonderful career at Diageo, supported by a great team. I wish Tom every success as he joins the company.”

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