FTN Cocoa Picks Wale Jubril as Interim Chairman

By Aduragbemi Omiyale

The board of FTN Cocoa Processors Plc has appointed Mr Wale Jubril as its interim chairman following the death of the former occupier of the position, Mr S.O. Oguntimehin, in March 2026.

The appointment of Mr Jubril was decided at the company’s board meeting held in July 2026, a statement from the organisation disclosed.

He will pilot the affairs of the organisation pending the appointment of a substantive chairman, a part of the notice submitted to the Nigerian Exchange (NGX) Limited stated.

The interim chairman of FTN Cocoa is a seasoned banker, chartered stockbroker and corporate executive with over three decades of professional experience spanning banking, capital markets, finance and corporate governance.

The Ijebu-Ode, Ogun State-born financial expert holds a Bachelor’s Degree in Industrial Relations from the University of Lagos, obtained in 1988, and three Master’s Degrees from the same institution in Marketing (1993), International Law and Diplomacy (1998), and Economics (1999).

He qualified as an Authorised Dealing Clerk of the Nigerian Stock Exchange in 1992 and became a chartered stockbroker in the same year. He subsequently built a career in banking and the capital market before joining Paints and Coatings Manufacturers Nigeria Plc in 2009 as Executive Director, Finance. In that capacity, he provided leadership in financial planning, project appraisal, pricing and negotiations, particularly in relation to major oil and gas projects and engagements involving Chevron, NLNG, Total and other industry participants.

Mr Jubril also contributed to the development of the company’s financial sustainability through strategic planning, policy development, departmental restructuring and financial management, and served on the company’s Planning and Policy-Making Committee of the Board.

In 2021, he joined Float Securities Limited, where he currently serves as the chief executive. He has also served as a non-executive director of FTN Cocoa since 2015.

In recognition of his extensive experience in the private and public sectors, he was appointed an independent non-executive director of Gateway Mortgage Bank, a mortgage bank wholly owned by the Ogun State Government, in November 2022.