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UAC Nigeria Appoints Oriola Group Finance Director

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UAC Nigeria UACN

By Modupe Gbadeyanka

Corporate finance expert, Mr Ibikunle Ibiyinka Oriola, has been appointed as the Group Finance Director of UAC of Nigeria Plc.

Mr Oriola is an Institute of Chartered Accountants of Nigeria (ICAN) qualified accountant with a BSc degree in Finance from the University of Lagos and also an ICAN merit award winner.

The board of the company said it expects him to deploy his rich experience to the development and implementation of appropriate finance strategies to uplift productivity and business performance across the UAC group.

Mr Oriola is a seasoned professional with 17 years’ experience gained from diverse functional roles covering finance, strategy, risk management and corporate finance.

He has provided strategic finance leadership driving transformational and growth agenda of conglomerate businesses spanning several sectors such as hospitality, real estate, power, agriculture and asset/funds management.

The appointee worked as Group Chief Finance Officer (CFO), Asset & Resource Management Holding Company Limited where he had oversight on the group’s finance function.

Prior to that, he was the Group CFO of Transnational Corporation of Nigeria Plc and was responsible for executing a broad range of finance and ancillary roles.

Mr Oriola has extended corporate finance experience gained as a transaction adviser working with Ecobank Capital and KPMG.

He was seconded to KPMG UAE for 15 months in 2007 where he worked on several infrastructure finance projects.

He also previously worked with Kakawa Discount House (Now FBN Merchant Bank) and Asset & Resource Management 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.

Jobs/Appointments

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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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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Academy Press Picks Ogunnubi to Understudy MD for Smooth Succession

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Academy Press

By Aduragbemi Omiyale

The Executive Director for Finance and Business Development at Academy Press Plc, Mrs Oluwakemi Ogunnubi, has been elevated to the position of Deputy Managing Director.

Her appointment, according to a statement signed by the chairman of the company’s board, W.B. Dabiri, becomes effective Tuesday, April 1, 2025.

She will understudy the Managing Director of Academy Press, Mr Gbenga Ladipo, for one year, when he retires from the organisation on March 31, 2026, after 20 years.

It was disclosed that the selection of Mrs Ogunnubi followed a comprehensive and rigorous selection process carried out by external management consultants to ensure the emergence of a forward-looking and result-oriented leader who aligns with the organisation’s values, vision, and strategic goals.

The new DMD is said to bring to her new role a distinguished track record of managerial experience backed with sound academic and professional certification in Accounting and Master’s in Business Administration (MBA).

She has worked in top management positions in reputable organisations such as UAC of Nigeria Plc, culminating in her appointment as Managing Director of CAP Plc.

Mrs Ogunnubi joined Academy Press as Executive Director for Finance and Business Development in 2023. Her competence spans a broad spectrum of fields, including finance, audit, risk management, sales, marketing, and general management practice.

The statement said she would continue to enjoy the cooperation of the company’s highly professional technical and management team led by the Executive Director for Sales and Operations, Mr Paul Aderibigbe.

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