Mr. Dan Owor Agbor
Non-Executive Chairman

Mr. Daniel Owor Agbor, 57 Mr. Agbor is the Managing Partner of the law firm of Udo Udoma & Belo-Osagie with responsibility for managing the law firm, and with continuing responsibility for leading the firm’s mergers and acquisitions and private equity practices. He brings to the Board a wealth of experience from his distinguished careers in banking and legal practice.

He holds a B.Sc. degree in Political Science and an M.PA (Masters in Public Administration), both from the University of Calabar. He also holds a Bachelor of Laws (LL.B) degree of the University of Benin and was called to the Bar in 1986 after passing the Bar Examinations of the Nigerian Law School. He is a member of both the Nigerian Bar Association and the International Bar Association. Prior to joining Udo Udoma & Belo-Osagie in 1990, he held various positions in Nigeria International Bank Limited (now Citibank Nigeria Limited), where he worked in the Corporate Finance Unit and in Gulf Bank of Nigeria Limited, where he was Company Secretary/Legal Adviser. He is on the Board of Directors of several companies including being the Non-Executive Chairman of FSDH Securities Limited, a Non-Executive Director of FSDH Merchant Bank Limited, Pensions Alliance Limited and Swift Network Services Limited respectively, and an alternate director of Nigerite Limited.

He has attended several training programmes within and outside Nigeria including Euromoney Training Programme on effective Risk Management Oversight for Board Members & Executives, a Jeff & O’Brien facilitated Training Programme on Enterprise Wide Risk Management for Board Directors, IFRS Partner Training on “IFRS Readiness for Boards and Audit Committees”, a Business Education Examinations Council Programme for Board Chairmen, Chief Executives, Directors and Board Secretaries Programme, Euromoney Training Programme on Private Equity & Venture Capital and Arthur Andersen & Co Basic Accounting Course.
Mr Agbor joined the Board of UAC of Nigeria PLC in November 2015. He is the Non-Executive Chairman of the Board

Mr. Folasope Babasola

Group Managing Director/ Chief Executive Officer

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.

Fola 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 with $168 billion in assets under management. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria.

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

In his capacity as Group MD/CEO of UAC of Nigeria Plc, will serve concurrently as Managing Director/CEO of UPDC Plc until a new Managing Director/CEO is appointed for the subsidiary company.

Dr. Vitus Ezinwa
Group Human Resources

Vitus is a seasoned business manager and human resource professional with experience gained in leading multinational corporations. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria Nsukka, MBA in Management from Lagos Business School, a Masters in Applied Business Research and a Doctorate in Business Administration, both from Swiss Business School, Zurich, Switzerland.

Vitus worked as Group Human Resources Director for Promasidor Africa; Human Resources Director, Coca-Cola Nigeria & Equatorial Africa with responsibility for 10 countries and Human Resources Director for British American Tobacco, West & Central Africa covering Ghana, Benin, Niger & Togo. He was until recently the Group Human Resource Director for Tropical General Investments (TGI) Group.

He is a member of the Advisory Board of Afterschool Graduate Development Centre, member of the Institute of Directors and a Fellow of the Chartered Institute of Personnel and Development (CIPD) UK. He is a co-founder and Director of HR Network Africa and was until 2014, a member of the Lagos Business School’s Advisory Board.

Mr. Ibikunle Ibiyinka Oriola
Group Finance Director

Mr. Oriola is a seasoned professional with 17 years experience gained from diverse functional roles spanning 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.

Mr. Oriola worked as Group Chief Finance Officer (GCFO) of Asset & Resource Management Holding Company Limited (ARM), where he had oversight on the group’s finance function.  Prior to that, he was the Group CFO of Transnational Corporation of Nigeria PLC (TRANSCORP) responsible for executing a broad range of finance and ancillary roles.

He 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).

Mr. Oriola, who holds a BSc degree in Finance from University of Lagos, is an Institute of Chartered Accountants of Nigeria (ICAN) merit award winner.

Ibikunle will deploy his experience to the development and implementation of appropriate finance strategies to uplift productivity and business performance across the UAC Group.

Mr. Bolaji Odunsi
Non- Executive Director

Mr Odunsi, a financier, has over 25 years of international investment experience in a variety of industry sectors, including manufacturing, security, oil and gas and distribution.  He has significant board level experience in Europe and the US, with focus on implementing transformational change encompassing systems and controls, team enhancement, financial and regulatory reporting and business analysis to drive value creation.

He was a co-founder of Stirling Square Capital Partners, a leading mid-market European private equity firm and a partner in Compass Partners and BC Partners.  Before joining BC Partners, he worked as a member of the M&A team at Enskilda Securities in London.  His prior experiences include stints at Touche Ross & Co and the engineering consultancy firm of Mott, Hay & Anderson.

Mr Odunsi is a Chartered Accountant and holds a Bachelor of Science degree in Civil Engineering and a diploma in Philosophy from the University of London.

Mr. Babatunde Kasali
Non- Executive Director

Mr. Kasali graduated with B.Sc. (Hons) Economics Degree from Manchester Metropolitan University, United Kingdom. He is a Fellow of the Institute of Chartered Accountants of Nigeria. His work experience include Audit Senior, Ernst & Young (Chartered Accountants) United Kingdom, Assistant Internal Auditor, Amex Bank PLC, United Kingdom, Principal Manager, Ernst & Young (Chartered Accountants) Nigeria.

He was also Chief Inspector, Regional Director, Divisional Director and Regional Bank Head, Consumer and Commercial Banking Group, United Bank for Africa PLC respectively. He is a Non-Executive Director of Wema Bank PLC. He was a Non-Executive Director of UACN Property Development Company PLC from where he was appointed to the UAC Board in March 2013.

Engr. Okechukwu John

Non- Executive Director

Engr. Mbonu is a Partner of Execution Edge Limited. He holds a first-class honors (B.Sc.) and Ph.D. degrees in Mechanical Engineering from the University of Manchester, UK. He is a COREN registered Engineer, a Fellow of the Nigerian Society of Engineers (FNSE), a Fellow of the Nigerian Institution of Mechanical Engineers (FNIMechE) and a Fellow of the Sierra Leone Institute of Engineers (FSLIE).

He started his career as an Engineer with Nigerian Breweries PLC in 1982 and after holding several engineering positions, was appointed the Engineering Manager of the company in 1990. The first Nigerian to be so appointed. In 1996, he was seconded by Nigerian Breweries PLC to Shell Petroleum Development Company of Nigeria (SPDC) on contract. After the contract with SPDC, he returned to Nigerian Breweries PLC and was elevated to the Board of Nigerian Breweries PLC as the company’s Human Resource Director (HRD) in November, 1999.

He was later appointed the Customer Service Director (CSD) in November, 2001. In March, 2005, he was posted to Heineken International and then to Sierra Leone Brewery Limited, Freetown as the Managing Director/Chief Executive Officer of the company.

Upon retirement from the services of Heineken International/Nigerian Breweries in August, 2009, he joined the services of PricewaterhouseCoopers (PwC), Nigeria Limited as a Director in their Advisory Line of Service. He joined Execution Edge Limited in July 2014 as one of the founding Partners.

He was appointed the Non-Executive Chairman of Cutix PLC, Nigeria in October 21st, 2016. He joined the Board of UAC in November 2015 as a Non-Executive Director.

Dr. Umaru Alka
Non- Executive Director

Dr. Alka, an expert in environmental pollution and conservation had his secondary education at the prestigious King’s College, Lagos. He thereafter attended Ahmadu Bello University, Zaria from where he earned a B.Sc. (Hons) degree in Chemical Engineering and M.Eng. in Water Resources and Environmental Engineering.

He obtained a Ph.D. in Environmental Control Engineering from Newcastle Upon-Tyne, United Kingdom. He has acquired deep experience in his specialty from working with the Bauchi State Water Board from 1976 to 1985 and the Abubakar Tafawa Balewa University (formerly Abubakar Tafawa Balewa College of Ahmadu Bello University, Zaria) from 1985 to 1987. From 1987 to date he has run his own Environmental and Water resources Engineering outfit, Alka-Chem Limited. He had also at various times served on the Boards of the Federal Housing Authority, Bauchi State Water Board, Lake Chad Research institute and as an Adviser to the Bauchi State Government on Environmental, Industrialization and Water resources Development.

He is a member of the Nigerian Society of Engineers, Nigerian Society of Chemical Engineers, Institution of Water Pollution Control (UK) and the Institute of Public Health Engineering (U.K). He was a Non-Executive Director of Chemical & Allied Products PLC from where he was appointed to the UAC of Nigeria PLC Board in March 2013.

Mrs. Suzanne Iroche
Non- Executive Director

Mrs. Iroche , has several years of broad based experience in Merchant and Commercial Banking spanning the areas of Corporate and Institutional Banking, Marketing, Correspondent and International Banking, Treasury and Regional expansion.

She handled back and front office roles at International Merchant Bank after which she moved to Chartered Bank as a pioneer member of staff to set up the Treasury Division and subsequently moved to the Credit and Marketing Sector. She later joined United Bank for Africa (UBA) where she rose to the position of Executive Director Wealth Management and was responsible for Treasury and Correspondent Banking/Multilateral Agency business and UBA subsidiaries (Asset Management, Trustees and Pension Custody). Her next assignment was as Executive Director Global Banking where she was responsible for the Banks expansion and establishment of subsidiaries across the African Continent.

In 2009, she was appointed as turnaround CEO of FinBank Plc by the Central Bank of Nigeria under its financial sector reform programme to ensure financial system stability.
She graduated with a B.Sc. (Hons) Degree in Economics from The University of Lagos and a Master of Management from the Kellogg Graduate School of Management, Northwestern University Illinois USA.

Suzanne Iroche currently serves as an Independent Director on the Boards of Coronation Merchant Bank, FCMB Pension Managers, Union Bank UK and Travelex Representative Office Nigeria Ltd. She is also a member of The University of Lagos Advancement Board and WISCAR Advisory Board – an NGO dedicated to womens’ empowerment.
She joined the Board of UAC of Nigeria PLC as an Independent Non-Executive Director with effect from 1st August, 2019.


Mr. Karl Olutokun Toriola 
Non- Executive Director

Karl is the Vice President, West and Central Africa for the MTN Group, with responsibility for operations in the West and Central African region.

Karl’s prior role in executive leadership include serving as Group Operations Executive for MTN Group, Chief Executive Officer for MTN Cameroon; Chief Technical Officer (“CTO”) for MTN Nigeria (Where he won the Best CTO Award in 2009); Chief Operations/Regions Officer for Vmobile Nigeria; and Support Manager, West African region for L.M. Ericsson Nigeria Ltd.

His past experience in non-executive capacity on boards of directors include serving as Chairman, MTN/Areeba Guinea, Non-Executive Director, Jumia Africa; Non-Executive Director, American Towers Uganda, Non-Executive Director, MTN Subsidiaries in Francophone West Africa.

Karl holds a Masters of Science degree in Communication Systems from Swansea University, United Kingdom and Bachelor of Science (B.Sc. Hons.) degree in Electronic and Electrical Engineering from Obafemi Awolowo University, Ile-Ife, Nigeria. He is a Fellow of the Nigerian Society of Engineers and a member of the Council of Registered Engineers of Nigeria (COREN). He is an Alumnus of London Business School, Harvard Business School, Institute of Management Development (IMD). Switzerland, among others.

Mr. Peter Benedikt

Alternate Director

Mr Mombaur is an investor and entrepreneur with professional experience in Sub-Saharan Africa, Western Europe and North America. He has lived and worked in Nigeria for seven years and overseen investments for over a decade. He holds University degrees in Mechanical Engineering (specialising in Energy and Automation) as well as Law and Economics. His work experience spans fast moving consumer goods, telecommunications, financial services and education.

A co-founder of Themis Capital Management and Chief Executive Officer and co-founder of Terra Education, a learning travel company based in San Diego, USA, Mr Mombaur was co-Managing Director at Tana Africa, an investment company with an open-ended investment horizon backed by the Oppenheimer family and Temasek. His experience includes working with Mckinsey & Company and RWE Group, one of Germany’s largest utility companies. He is co-founder of the African Leadership Academy, an institution based in Johannesburg, South-Africa and focused on developing Africa’s future leaders.