Aduragbemi Omiyale
By Aduragbemi Omiyale
The Accountant-General of the Federation (AoGF), Mrs Oluwatoyin Madein, has been appointed to the board of Transcorp Hotels Plc as a non-executive director.
She joins the board of the hospitality firm chaired by serial entrepreneur and philanthropist, Mr Tony Elumelu, to protect the interest of the Ministry of Finance Incorporated (MOFI), investment vehicle of the Federal Government of Nigeria and a special division in the Office of the Accountant-General.
A statement from Transcorp Hotels disclosed that her appointment took effect from Tuesday, March 5, 2024.
The Nigerian government is one of the major shareholders of Transcorp Hotels and has a slot on the board of the organisation.
“We write to formally notify the investing public and the Nigerian Exchange (NGX) Limited that the board of directors of Transcorp Hotels Plc, on March 5, 2024, approved the appointment of Dr Oluwatoyin Madein as a non-executive director.
“Dr Madein represents the interest of one of the company’s significant shareholders, the Ministry of Finance Incorporated, on the board,” a part of the notice from the firm stated.
Transcorp Hotels noted that, “As a company that places great premium on governance as a performance enabler, we believe that this appointment will further strengthen the board’s oversight functions, and thereby enhance value creation and delivery for all stakeholders.”
Mrs Madein is an alumnus of Walden University, USA, where she obtained her PhD in Management (Finance). She also obtained an MBA from Ogun State University, Ago Iwoye, and holds the Fellowship of various professional bodies, including the Association of Chartered and Certified Accountants, UK, Institute of Chartered Accountants of Nigeria, and the Association of National Accountants of Nigeria, among others.
Before she was appointed as the Accountant-General of the Federation in May 2023 by former President Muhammadu Buhari, the 59-year-old indigene of Iperu-Remo in Ogun State variously served as Assistant Director, Deputy Director and Director of Finance and Account in the Federal Civil Service.
