Biobaku Appointed as New Chairman of UAC Nigeria

Portfolio - People | Feb 05, 2025 | EIN

Biobaku Appointed as New Chairman of UAC Nigeria

The United African Company of Nigeria (UAC) has appointed Khalifa Adebayo Biobaku as the new Chairman of its Board, effective February 5, 2025. He succeeds Dan Agbor, who has held the position for nine years. Biobaku, known for his extensive finance and investment background, has served as UAC's Vice Chairman and has been a Non-Executive Director on the Board since March 2022. His previous roles in investment banking and fund management have equipped him with the expertise to guide UAC's strategic initiatives. This appointment signifies a leadership change at UAC with Biobaku's focus on risk management, governance, and operational efficacy.

Sectors

  • Finance and Investment
  • Corporate Governance

Geography

  • Nigeria – UAC Nigeria is headquartered in Nigeria, and the article specifically discusses the leadership transitions of this Nigerian company.
  • United Kingdom – Biobaku's professional experience includes significant roles in London-based financial firms, indicating ties to the UK.

Industry

  • Finance and Investment – The article highlights Khalifa Adebayo Biobaku's extensive experience in finance and investment, including roles in investment banking and private equity.
  • Corporate Governance – UAC Nigeria's appointment of a new Chairman involves key governance changes and strategy implementations within the company's board.

Financials

    Participants

    NameRoleTypeDescription
    Khalifa Adebayo BiobakuNewly Appointed ChairmanPersonBiobaku has been appointed as the new Chairman of UAC Nigeria and has a rich background in investment banking and private equity.
    Dan AgborOutgoing ChairmanPersonAgbor is the outgoing Chairman of UAC Nigeria, having served for nine years, and is noted for his extensive career in law and finance.
    UAC NigeriaCompanyCompanyA leading Nigerian conglomerate involved in a broad range of sectors, now appointing a new chairman for its board.
    Blakeney ManagementFormer Employer of BiobakuCompanyAn investment firm specializing in emerging markets where Biobaku was a co-managing partner.