UAC shuffles Board as Ibikunle Oriola resigns as Group Finance Director

Nigeria’s pioneer conglomerate, UAC of Nigeria PLC, has announced the resignation of its Group Finance Director, Ibikunle Oriola, and the appointment of Mrs. FunkeIjaiya Oladipo as Chief Financial Officer.

The company made this known in a notification to the Nigerian Stock Exchange (NSE) dated December 10, 2020 and signed by Godwin Samuel, the Company Secretary.

Oriola’s resignation will take effect from 31st December, 2020, the company said, while thanking him for his services and wished him well in his future endeavours.

It described Oladipo as a high-achieving, results-driven, finance professional, with over 13 years’ corporate finance and capital markets experience.

“With a focus on connecting Africa to the world and the world to Africa, she has advised local and international companies on raising equity capital, mergers & acquisitions, restructurings, and divestments in Nigeria, South Africa and the United Kingdom.

“She joined UAC in 2020 as a member of the Executive Committee and recently served as Head of Investor Relations responsible for strategic stakeholder management. Funke deployed her experience to align UAC’s capital market activities with its strategic priorities. Funke began her career in investment banking at Goldman Sachs in London. Her experience also includes working with the Standard Bank Group, where she completed over 25 transactions in 10 years.

“In Nigeria (Stanbic IBTC Capital), she led the equity capital markets division, executed mergers & acquisitions as a Senior Vice President, and originated cross-border transactions as a Corporate Finance Manager in South Africa . Funke holds a B.Sc.in Economics and an M.Sc.in Project & Enterprise Management, both from University College London (UCL). She is a CFA charter holder and a member of the advisory board of Sponsors for Educational Opportunity (SEO) Africa, a revenue generating non-profit leadership organization.”