BUA Foods Plc, Nigeria’s largest indigenous foods company, has announced the resignation of Isyaku Naziru Rabiu, as Executive Director of the company, effective August 17, 2022.
The announcement was contained in a recent regulatory
disclosure by BUA Foods Plc to the Nigerian Exchange in order for the company
to meet the regulatory requirements of the Securities & Exchange Commission
Corporate Governance Guidelines (2020) and the Nigerian Code of Corporate
Governance, on family and interlocking directorship which stipulates that not
more than two members of the same family shall sit on the Board of a public
company at the same time.
Prior to his appointment as a member of the Board of BUA
Foods in November 2021 (which later became publicly listed BUA Foods Plc in
January 2022), Isyaku Naziru was a Director of IRS Pasta & Flour Limited,
which later merged with other companies to form BUA Foods. Isyaku Naziru Rabiu,
however remains an Executive of BUA Foods Plc with his portfolio remaining
unchanged.
Isyaku Naziru Rabiu holds a degree in Business Economics
from the University of Hertfordshire and held other previous roles within the
organization including as Commercial Director of IRS Pasta & Flour Limited.
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