At a recent meeting the Board of UAC of Nigeria Plc (UACN) made the following Board changes.

Mr Joseph Ibrahim Dada, the Executive Director, Corporate Services of UAC of Nigeria PLC will proceed on retirement on 1st January, 2018 after 34 years meritorious service to the Company. Mrs Omolara Elemide has been appointed as Executive Director, Corporate Services with effect from 1st January, 2018.

Following the appointment of Mr Abdul Akhor Bello, the incumbent ED/Chief Financiai Officer as Group Managing Director/CEO of UAC of Nigeria PLC with effect from 1st January, 2018, Mrs Adeniun Folasade Taiwo has been appointed as Chief Financial Officer (a Non-Board position) with effect from 1st January, 2018.

 The profiles of the new appointees are as follows:


A Fellow of the Institute of Chartered Accountants of Nigeria, Lara was born on 2nd May 1960. She attended Kwara State College of Technology where she obtained Higher National Diploma in Accountancy in 1981. Lara joined UAC of Nigeria Pic (UACN) on October 4, 1983. She has worked in various capacities within the UACN group.

She had a six-month attachment exposure with the Unilever International Audit Departments in Germany, United States of America and United Kingdom in 1991, after which she became the Senior Group Manager, Unilever International Audit, Lagos in 1992. At the divestment of Unilever from UACN in 1994, she assumed the position of the Audit Manager of the Group. She headed the finance departments of then GB Ollivant/MDS Division in 1997 and UACN Property Development Company Plc as Finance Director from January 1998 to February 2005.

Lara was appointed to the Board of CAP Plc as the Finance Director/Company Secretary in February 2005, a position she held until May 4, 2009 when she was appointed the Managing Director of the company. Under her watch at CAP Pic, the company has recorded significant growth and value accretion to shareholders.

She has attended various local and international courses amongst which are the Bullet-Proof Manager Training Series by Crestcom International Colorado, USA, International Management Seminar at the Four Acres, UK, Unilever International Audit Seminar, USA. She is an alumnus of Ashridge Business School, UK.

It is expected that she will bring her over 3 decades of knowledge and expertise to her new role.


Born on 31st of August 1974, Niun is a Fellow of the Institute of Chartered Accountants of Nigeria. She has a professional certificate in IFRS from ACCA, and holds a Higher National Diploma in Accountancy from The Federal Polytechnic Ilaro. She is an alumnus of Ashridge Business School.

Prior to joining UAC in 2012, she had worked in KPMG Nigeria for 13 years where she rose to become a Senior Manager, in Accounting Advisory Function and Internal Audit Risk and Compliance. She has broad professional experience in, and has led a number of engagements in internal and statutory audit services, corporate governance, risk management and accounting assistance services. Her experience cuts across oil and gas, financial services, consumer markets, telecommunications and the public sector.

She was appointed Head Financial Services of UAC of Nigeria Pic on 1st of August 2012 and subsequently as Finance Director, UPDC Pic on 181h of April 2016. She brings to her new role cross sector experience spanning consulting and industry.

Leave a Reply

Your email address will not be published. Required fields are marked *