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Members of the Audit Committee

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Adeline Ogunfidodo obtained a BSC (Hons.) Agric. Economics Degree from the University of Calabar in 1987 and is a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation of Nigeria (CITN).

She joined UACN Plc in February 1996 as Group Auditor and has held several management positions since then which include; Financial Accountant UPDC PLC, Divisional Commercial Director MDS, Finance Director GM Nigeria Ltd, Group Treasurer UACN PLC. She was the Finance Director of CAP Plc from March, 2011 to October 2015 when she was transferred to UAC Foods Limited.

Adeline became the Finance Director of UAC Foods Limited on 16th December, 2015. She is also the Finance Director of Spring Waters Nigeria Limited (a subsidiary of uac Foods Limited) and joined the Board of Portland Paints & Products Nigeria Plc as non-executive director on 24th March, 2016. Prior to joining UACN Plc, Adeline trained with Coopers & Lybrand (Chartered Accountants) and worked briefly with a Mortgage Bank as Head of Internal Audit. Adeline has attended various local and overseas courses which include the Ashridge Leadership Process, Strategy & Finance in Ashridge Business School, Berkhamsted, United Kingdom and Negotion skills & tools course in Lagos Business School.

She is currently the Chairman of Audit Committee of Portland Paints & Products Nigeria Plc

MR BALOGUN SHAMSIDEEN OLALEKAN

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Holds an HND in Animal Science and Diploma in Accounting. He is s retired Senior Civil Servant from the Lagos State Government’s service and a respected Capital Market Investor since 1977, with interest in many publicly quoted companies.

He is an experienced Audit Committee member and was nominated by Mr Ogunowo Sunday Olutayo

COMRADE ADENRELE SULAIMAN BABATUNDE

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Holds Masters in Admin Management and Planning from University of Lagos and BSc Economics/Education from Lagos State University.

He is a brokerage agent with Fittco Securities from 2003 till date and an investor in many quoted and unquoted companies. He is currently the Branch Secretary of Nigeria Union of Teachers, Lagos State. He has served on various statutory Audit Committees of Incar Nigeria Plc, Law Union & Rock Insurance Company Plc, Vita Foam Nigeria Plc, Big Treat Nigeria Plc, C & I Leasing Nigeria Plc, Deap Capital Nigeria Plc and currently a member of Portland Paints & Products Nigeria Plc Audit Committee Member.

Comrade Adenrele Sulaiman Babatunde was nominated by Chief Timothy A. Adesiyan

Mr Osibo

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Mr. Bayo Osibo holds a Bachelors Degree in Bio-Chemistry from University of Ibadan and an MBA from University of Lagos. He is a distinguished and respected authority in the Paints Industry in Nigeria.

He is a Life Fellow of the Chartered Institute of Corporate Management as well as a fellow of the Institute of Marketing. He was the former Chairman of Paints Manufacturers Association of Nigeria (1999-2003) He joined Portland Paints Nigeria Ltd, then a Subsidiary of WAPCO in1984 as the National Sales Manager. His excellent performance saw him rise through the ranks to become the Managing Director and Chief Executive in March 2004, when Lafarge divested from PPPNL. He retired as Managing Director/Chief Executive on June 28th 2013 and was subsequently appointed as a Non-Executive Director.