The Board and Management of VFD Group Plc, a leading proprietary investment company, has announced the appointment of four new directors bringing the number of directors to 15.
The new appointees are, Folajimi Adeleye, Executive
Director, Finance; John Okonkwo, Executive Director, and Chief Operating
Officer; Kelvin Orogun and Femi Akinware, both Non-Executive Directors.
Speaking on the appointments, Nonso Okpala, GMD/CEO, VFD
Group said, “The Board is excited to welcome these four gentlemen with a
combined experience of over 50 years across several fields including telecommunications,
engineering, risk, and financial services.
In the same vein, the Chairman, Board of Directors VFD
Group, Olatunde Busari, SAN, mentioned, “I am extremely proud of the management
of VFD Group and the recent additions to the Board. The diversity of
complementing competencies and functional experience has contributed immensely
to our success and with the new directors, we believe they would continue to
reiterate this and build our achievements in the years to come”.
Folajimi Adeleye joined VFD Group in 2018 as Group Financial
Controller before his appointment as Executive Director. He is an Economics
major and has experience spanning over 12 years across banks, primary mortgage
institutions, asset management, pension fund administrators and not-for-profit
organizations. Prior to joining VFD Group Plc, Folajimi had worked at One
Finance and Investments Limited (now Carbon) and KPMG.
Before the new appointment, John Okonkwo was the Chief
Financial Officer at Heirs Holdings Limited and was previously the Head of
Business Assurance & Compliance in the same company. Prior to joining Heirs
Holdings Limited in June 2012, he was a Manager in the Internal Audit, Risk
& Compliance Services division of KPMG. John is a Fellow of the Institute
of Chartered Accountants of Nigeria (ICAN) and has many years’ experience in
Finance, Audit, Risk Management, Sustainability Services and Corporate
Governance Services.
Kelvin Orogun runs Cashpot, a money remittance company in
London and Lagos, which he set up after a career in banking and other financial
services in Nigeria. He is a Computer Science graduate with an MBA from Cass
Business School – City University London and is also a Non-Executive Director
at Anchoria Asset Management limited.
Femi Akinware brings on board 24 years of accomplished
leadership in telecoms. He holds an MBA and BSC in Electronics and Computer
Engineering and has spent 15 years working on mergers and acquisitions, asset
building, corporate development, business re-engineering, IT Consultancy, and
business start-ups. Mr. Akinwale is
currently the CEO of COMENERGY.
In the financial year ended 2020, VFD Group grew its PBT by
173% with gross earnings rising by 96%, leading to a declaration of N8.51
dividend per share, an increase from N3.30 in 2019. In December 2020, the Group
conducted a growth and expansion capital raise of N13.5b.
The investment group has interests in banking, asset
management, hospitality, real estate, insurance, lending, and tech and is on
its way to building a sustainable ecosystem in Africa, entrenching itself as
the investors’ choice. VFD Group is listed on the NASD and its board of
directors is chaired by Olatunde Busari SAN.
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