Go Back Email this Link to a friend

OANDO PLC - Appointment of Non-Executive Directors

Release Date: 11/07/2016 13:40:00      Code(s): OAO     
Oando Plc
(Incorporated in Nigeria and registered as an external company in South Africa)
Registration number: RC 6474
(External company registration number: 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
(?Oando? or ?the Company? or ?the Group?)

Appointment of Non-Executive Directors

We write to notify you that pursuant to article 88 of the company?s articles of association,
the board of directors (?the Board?) has appointed Mr Ikeme Osakwe MA (Oxon.) ACA
and Mr. Ademola Akinrele SAN as non-executive directors to the Board of the company
effective July 8 2016. Summary Profiles for each of the new directors are stated below.

Mr Ikeme Osakwe MA (Oxon.) ACA

Ikeme Osakwe is a Chartered Accountant and practising Management Consultant. He
holds bachelors? and masters? degrees in Chemistry from the University of Oxford, and is
an Associate Member of the Institutes of Chartered Accountants in Nigeria, and England
and Wales. Initially trained for four years at KPMG Audit in London, Ikeme now serves
as the Managing Director of GRID Consulting Ltd. - a company that he established in
1986 and which specializes in financial management advisory for commerce, industry,
governments and NGOs.

Mr. Osakwe has over 35 years? experience in financial, strategic and corporate planning,
as well as organisational and financial management systems development, both in
Nigeria and internationally. He has brought his vast experience in the dynamics of most
major industrial sectors to bear in his work on corporate governance.

He has held several government and board appointments and currently serves on the
boards of Leadway Pensure PFA and Notore Chemical Industries. He previously served
on the boards of Oando Plc. and Red Star Express Nigeria Ltd; and chaired the boards
of Thomas Wyatt Nig. Plc. and UBA Trustees Ltd.


Mr. Ademola Akinrele is the Managing Partner, F. O. Akinrele & Co., born Ondo State,
3rd June, 1961; Education: University College, London LL.B (Hons.) 1982; University of
Cambridge, LL.M. 1984; Admitted to the Nigerian Bar 1983; Associate of Chief Rotimi
Williams Chambers 1984 - 1987. Co-Editor, Nigerian Legal Practitioners Review;
Former Country Correspondent, Euromoney International Financial Practice Law Files
1990; Recipient of Award of Fifteen Legal Practitioners of Distinction in Nigeria by body
of Nigerian Universities and Law School Students 1990. Editorial Board - Nigerian Legal
Digest 1993. Former Secretary Oxford and Cambridge club of Nigeria 1997. Married in
1998 with two daughters. Elevated to the rank of Senior Advocate of Nigeria -1999,
Fellow Chartered Institute of Arbitrators-1999 Director Pier Pier Properties Limited 1999.
Director Oando Plc-2000 Director Agip Plc 2001. Commodore Lagos Motor Boat Club
2002. Director Danos & Curole Marine contractors 2005.
Ademola Akinrele is a commercial advocate who traverses all aspects of Commercial
Law and represents a variety of national and multinational entities before Nigerian
Courts and international arbitral tribunals. He was described in the Chamber Global
2008 directory for international lawyers as follows:

The ?cerebral and focused? Demola Akinrele is a Senior Advocate of Nigeria (SAN) with
vast experience in litigation law. A ?forceful and persuasive? advocate, he has built up a
reputation in aviation and maritime-related matters. One client enthused: ?One of his
most striking skills is his ability to combine his knowledge of the law with his extensive

July 11, 2016
JSE sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Date: 11/07/2016 01:40:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.