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UAC Nigeria Appoints Aiyesimoju Group MD/CEO

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By Modupe Gbadeyanka

Mr Folasope ‘Fola’ Babasola Aiyesimoju has been announced as the new Group Managing Director/CEO of UAC of Nigeria Plc.

This announcement was made by the board of directors of UAC of Nigeria Plc in a notice to the Nigerian Stock Exchange (NSE) on Thursday.

According to the statement signed by the company’s Legal Adviser, Mr Godwin Samuel, the new Group MD/CEO will assume the position from Monday, April 1, 2019.

“The board thanked Mrs Omolara Elemide for her hard work and dedication to the company as Acting GMD/CEO from January 2019,” the statement said.

Commenting on the appointment the Chairman of the board of UAC of Nigeria Plc, Mr Dan Agbor, said that the appointment of Mr Aiyesimoju as GMD/CEO signifies the company’s ambitions, and the board’s determination to accelerate the process of change within the group.

Mr Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity.

Over the course of his career, he has lived and worked in Sub-Saharan Africa’s most important economies gaining experience of the operating landscape in the region.

He holds a B.Sc. (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real Estate Development and finance, and earned the right to use the CFA designation in 2006.

Mr Aiyesimoju is the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.

Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria.

Mr Aiyesimoju spent the early part of his career with Ocean and Oil Holdings Limited, a principal investment firm in Nigeria and ARM Investment Managers, one of Nigeria’s leading investment advisory and wealth management firms.

He also co-founded Foodpro Limited, a nutritional snacks business focused on edible nuts, where he currently serves as a non-executive director.

The new substantive GMD/CEO first joined the board of UAC of Nigeria Plc in March 2018 and is a member of the Governance and Remuneration Committee of the board.

He was also appointed Managing Director/CEO of UACN Property Development Plc in August, 2018 and, in his capacity as Group MD/CEO of UAC, will serve concurrently as Managing Director/CEO of UPDC PLC until a new Managing Director/CEO is appointed for the subsidiary company.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Jobs/Appointments

Wole Ogunsanya, Three Others to Fill Vacancies in NCDMB Governing Council

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NCDMB Governing Council

By Adedapo Adesanya

President Bola Tinubu has approved the nomination of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB), filling existing vacancies and strengthening the board’s capacity.

The approved nominees are Mr Olusegun Omosehin of the National Insurance Commission (NAICOM), Mr Wole Ogunsanya of the Petroleum Technology Association of Nigeria (PETAN), Mr Sam Azoka Onyechi, who represents the Nigerian Content Consultative Forum (NCCF), and Mr Owei Oyanbo from the Ministry of Petroleum Resources.

The nominations arose from the exit of previous institutional representatives from the Governing Council.

The NCDMB Governing Council, established under Section 69 of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, comprises representatives from key institutions. These include the Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian National Petroleum Company (NNPC) Limited, the Petroleum Technology Association of Nigeria (PETAN), the Council for the Regulation of Engineering in Nigeria (COREN), the Nigerian Content Consultative Forum (NCCF), and the National Insurance Commission (NAICOM).

President Tinubu encouraged the new members to leverage their expertise and dedication to enhance local content development within Nigeria’s oil and gas industry.

The NCDMB is responsible for promoting and regulating local content in Nigeria’s oil and gas industry. It also ensures that there is capacity building and encourages investment and innovation in the industry.

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Fashion Entrepreneur Nike Ogunlesi Joins Unilever Nigeria Board

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By Aduragbemi Omiyale

A prominent fashion entrepreneur, Mrs Adenike Ogunlesi, has been appointed to the board of Unilever Nigeria Plc as an independent non-executive director.

A statement from the company disclosed that the appointment became effective Monday, March 24, 2025, with expectation to tap from her wealth of experience to move the organisation forward.

Mrs Ogunlesi is a trailblazing entrepreneur, corporate leader, and changemaker whose visionary leadership has redefined Nigeria’s fashion, retail, and manufacturing industries.

As the founder and Chief Responsibility Officer of Gatimo Limited, she has built a legacy of innovation and excellence, establishing Ruff ‘n’ Tumble as a premier fashion brand celebrated for its craftsmanship, creative ingenuity, and deep-rooted commitment to African heritage.

With over three decades of transformative leadership, she has pioneered modern retail practices, garment manufacturing, and brand storytelling, positioning Nigeria on the global stage while nurturing a generation of entrepreneurs. Her work transcends business—she is a mentor, public speaker, and advocate for sustainable enterprise, women’s leadership, and ethical governance.

Mrs Ogunlesi’s leadership at Gatimo has transformed the company into Nigeria’s leading garment manufacturing powerhouse, producing over 1,500 garments daily.

Under her stewardship, the company has set new benchmarks for quality, sustainability, and African-inspired fashion, driving an industry-wide shift towards homegrown excellence.

As the founding president of the Network of Entrepreneurial Women (NNEW), she established a groundbreaking platform that empowers women entrepreneurs through mentorship, funding access, and advocacy, creating pathways for female-led enterprises to flourish.

Her influence extends beyond fashion, serving on the boards of Lafarge Holcim Plc, Enterprise Development Centre (EDC) at Lagos Business School, WISCAR (Women in Successful Careers), and Garment and Accessories Manufacturers of Nigeria (GAMAN).

Through these roles, she drives policy advocacy, ethical governance, and industrial development, shaping Nigeria’s business landscape for sustainable growth.

Mrs Ogunlesi is a sought-after keynote speaker and thought leader, inspiring audiences with her profound insights on entrepreneurship, leadership, and the future of African industries.

She is a certified Family and Life Systems Coach and Neuro-Linguistic Programming Coach, equipping individuals and businesses with tools for transformative success.

Her educational journey spans globally renowned institutions, including IE Business School, Lagos Business School, and Gordon Institute of Business Science, where she honed her expertise in corporate governance, strategic leadership, and retail management.

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Unity Bank Appoints Ebenezer Kolawole Acting CEO as Somefun Retires

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ebenezer kolawole unity bank

By Dipo Olowookere

Following the retirement of Mrs Oluwatomi Somefun from Unity Bank Plc after the completion of her tenure as the chief executive, the board of the financial institution has appointed Mr Ebenezer Kolawole, as her replacement in an acting capacity.

The appointment of Mr Kolawole was announced at the Annual General Meeting (AGM) of the lender in Lagos on Wednesday.

He will lead the company armed with more than 30 years of industry experience.

The bank has already obtained the approval of the Central Bank of Nigeria (CBN) to have the appointee take over the position.

He has the primary responsibility to finalise the company’s ongoing corporate programmes and other strategic business initiatives of the institution.

Mr Kolawole joined Unity Bank in 2015 as Chief Financial Officer (CFO) and became the Executive Director for Finance, Operations and Information Technology in February 2018.

While on the board of Unity Bank, he helped in the company’s strategic transformation and cost optimization initiatives, which enhanced the firm’s performance and market feasibility.

The acting CEO began his financial services career at Caribbean Finance Limited (an affiliate of CFL in Cayman Island) in Kaduna in 1992, and later joined Ecobank, rising to the position of Deputy Financial Controller after working in various departments of the bank, both operations and finance suites.

He later moved to Standard Trust Bank (STB) and worked at various strategic areas, including operations, regulatory risk management and finance suites and played a pivotal role in the STB/UBA merger and served as the CFO of the new entity, UBA.

Mr Kolawole, thereafter, worked at Mainstreet Bank as CFO and then moved to Globacom, a telecommunication company owned by Mr Mike Adenuga.

He is a member of several professional bodies, including: Fellow of The Institute of Chartered Accountants of Nigeria (FCA); Fellow, Institute of Credit Administration, (FICA), Honorary Member of the Chartered Institute of Bankers of Nigeria (HCIB), Associate Member of The Nigeria Institute of Management (AMNIM); Member of the Institute of Directors etc.

Mr Kolawole graduated from Obafemi Awolowo University (OAU), Ile-Ife with a holds a First-Class (Hons) degree in Accounting.

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