UACN Property Development Company Plc UPDC has appointed Deborah Nicol-Omeruah as Acting Chief Executive Officer of the Company with effect from 5th January, 2021.
Her appointment came on the heels of the resignation of its erstwhile CEO, Folasope Aiyesimoju, who quit office on 4th January, 2021.
Aside the appointment of its acting CEO, the company also appointed two (2) new Non-Executive Directors to its Board in the persons of Mr. Wole Oshin and Mr. Adeniyi Falade. The appointments take effect
from 5th January, 2021.
The company also announced the resignation of its Chairman, Mr. Babatunde Kasali, and other Non-Executive Directors namely, Mr. Adekunle Awojobi, Professor Okon Ansa and Mrs. Awuneba Ajumogobia from the Board of the Company with effect from 4th January 2021.
The statement read in part, “The Board accepted his resignation and expressed its profound gratitude to Mr. Aiyesimoju for his effective leadership during his tenure as Chief Executive Officer. Mr. Aiyesimoju will continue to serve as a Non-Executive Director of the Company. Appointment of Acting Chief Executive Officer.
“Mrs. Nicol-Omeruah, has 20 years’ experience in real estate and banking with specialization in
Property Development, Finance & Acquisitions; Mortgages; Private Banking and Investment Planning
It added that Nicol-Omeruah is a Real Estate Professional and a Certified Mortgage and Financial Adviser (CeFA, CeMAP) of the Institute of Financial Services in the United Kingdom. She is a recognized industry expert in the Nigerian mortgage and real estate development market. She holds a BArch Architecture from the University of Nottingham. She was appointed Deputy Chief Executive Officer and Executive Director of UPDC on 3rd December, 2019.
Appointment of Two (2) Non-Executive Directors.
“Mr. Wole Oshin is the Managing Director of Custodian Investment Plc. He is an industry leader with
over 30 years’ experience and has at various times been a member of the Presidential Committee on
Pension Reforms, Chairman of the Nigerian Insurers Association, Council Member of the African
Insurance Organization [Cameroun], Companies Association [Ghana] and External Lecturer – West
African Insurance Institute, Banjul, The Gambia.
“Mr. Oshin sits on several Boards including the International Insurance Society [IIS], New York and Nigerian Insurers Association. He is also an Advisory Board Member of the Common Wealth
Enterprise and Investment Council (United Kingdom). He has received numerous awards including
nomination as “African CEO of the Year” by African Reinsurance Corporation, and the Harvard
Business School Association of Nigeria (HBSAN) Leadership Award for General Management.
“Mr. Adeniyi Falade is a Chartered Accountant, Chartered Stockbroker and an Investment Banker. He
had his professional accountancy training at PricewaterhouseCoopers, and Coopers & Lybrand
Limited, Lagos. He holds a Master of Business Administration (MBA) from the University of Warwick,
United Kingdom and a Bachelor of Science degree (BSc), from the University of Ibadan.
“Before his appointment as Managing Director, CrusaderSterling Pensions Limited in 2007, Mr. Falade had served as the Managing Director of Lead Capital and Head of Investment Banking Group of Ecobank Nigeria Plc and Lead Bank Plc. He had also at various times served as Head of Internal Control/ Chief Inspector and Head of Risk Management Department of Lead Bank Plc. He is also a member of the Board of Directors of Custodian Life Assurance Limited, Custodian Trustees Limited and Interstate Securities Limited.”
Comments are closed.