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Changes to the board
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)
OANDO PLC
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
(“Oando” or the “Company”)
Notification on the Appointment and Resignation of Directors
Oando PLC (referred to as “Oando” or the “Company”) hereby notifies the Nigerian Stock Exchange (NSE),
its valued shareholders, key stakeholders and the public of the following changes to its Board of Directors:
Appointments
The Company in accordance with Section 274 of the Companies and Allied Matters Act 2020, and Article
88 of the Company’s Articles of Association has appointed Mrs. Ronke Sokefun and Mrs. Nana Fatima
Mede as Independent Non-Executive Directors effective December 23, 2021.
Summary profiles for each of the new Directors are stated below.
Profile of Mrs. Ronke Sokefun
Mrs. Ronke Sokefun graduated with LLB (Hons.) in 1987 and was called to the Nigerian Bar (also with
honours) in November 1988. She has had a sterling career spanning over 3 decades cutting across
different sectors of the economy.
Between 1990 and 1993 she worked in Ighodalo & Associates - a Company Secretarial firm - while there,
she qualified as a member of the Institute of Chartered Secretaries & Administrators. In 1993, she joined
the prestigious firm of Aluko & Oyebode as an Associate and was made a partner in 2001. Her practice
focus was Business Advisory Services and she worked with several blue-chip companies in this regard.
In 2002, she moved to the Oando Group, where within a few years she rose to the position of Chief Legal
Officer. During this period, she also sat on the Board of the telecom’s giant - Celtel/Zain (now Airtel) as an
alternate Director. She served in this position until 2011 when she was called to public service in Ogun
State and proceeded to serve as a 2-term Commissioner - holding diverse portfolios - under Senator
Ibikunle Amosun's 2-term administration as Ogun State Governor.
In January 2019, Mrs. Sokefun was appointed Chairman of the Board of Directors of the Nigeria Deposit
Insurance Corporation ('NDIC') by President Muhammadu Buhari, GCFR; she continues to serve in this
capacity.
As part of her commitment to giving back to society, she has an NGO known as the "M.R.S. Foundation".
The Foundation is focused on social intervention programmes to augment Government efforts.
Mrs. Sokefun is a fellow of the Institute of Directors, a member of the Institute of Chartered Secretaries &
Administrators, the Nigerian Bar Association, the International Bar Association, and the Association of
International Petroleum Negotiators.
Profile of Mrs. Nana Fatima Mede
Mrs. Nana Fatima Mede is an Accountant by profession with a BSc degree in accounting as well as an
MBA, both from the Alabama A&M University. She also possesses a certificate in public financial
management from the prestigious John F Kennedy School of Government, Harvard University. Mrs Mede
has a vast amount of experience spanning over three and half decades working in the Nigerian public sector
in various capacities.
Upon graduation in 1981, Mrs. Mede completed her National Youth Service Corps (NYSC) as a graduate
trainee Accountant at the Ajaokuta Steel Company. On completion of her youth service in 1982, she was
immediately employed by the Nigerian Television Authority (NTA) Abuja, where she rose through the ranks
to become a Principal Accountant before transferring her service to Benue State Government in 1991.
From 1991 to 2007, Mrs. Mede deployed her expertise working for the Benue State Government at various
levels. During her time there, she worked as a Director of Finance & Supplies in the Ministry of Works,
Housing and Transport before being made the Director of Project Operations in Benue State Treasury in
1998. In 2001, she became the Permanent Secretary Treasury/Accountant General, where she was in
charge of managing the state’s finances, amongst other key responsibilities.
Mrs. Mede moved to the Office of the Accountant General of the Federation in 2007, serving as a Director
of Finance and the pioneer Director/National Coordinator of the Integrated Personnel Payroll Information
System (IPPIS). In 2014, she was sworn in as a Federal Permanent Secretary in the Ministry of Environment
where she coordinated the formulation of the Nigerian Intended Nationally Determined Contribution (INDC)
document on GHG in relation to Climate Change – a document which was presented by the President at
the Conference of Party (COP 21) in Paris, 2015. Afterwards, Mrs. Mede
was transferred as a Permanent Secretary to the Ministry of Budget & National Planning before gracefully
retiring after attaining the mandatory 35 years of service in 2017.
Amongst other commitments, Mrs. Mede currently serves as a Technical Consultant to the Minister of State
(Budget and National Planning) where she provides high-level technical assistance on Nigeria’s
developmental plans. In December 2021, Mrs. Mede was appointed a member of the National Judicial
Council.
Resignations
Alhaji Bukar Goni Aji, a Non-Executive Director of the Company resigns from the Board with effect from
December 23, 2021. Alhaji Goni joined the Board of the Company in 2018 and was the Chairman of the
Risk, Environmental, Health, Safety, Security and Quality Committee as well as a member of the
Governance and Nominations Committee of the Board.
Mr. Muntari Zubairu, an Executive Director of the Company resigns from the Board with effect from
December 23, 2021. Until his resignation, he was the Group Chief Corporate Services & Operations Officer
and a member of the Risk, Environmental, Health, Safety, Security and Quality Committee of the Board.
The Board and Management of the Company appreciates Messrs. Goni and Zubairu for their positive
contributions and meritorious service in the last few years as Directors of the Company.
For further information, please contact:
Ayotola Jagun
Company Secretary
The Wings Office Complex
17a Ozumba Mbadiwe Avenue Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
ajagun@oandoplc.com
2
Alero Balogun
Head, Corporate Communications
The Wings Office Complex, 17a Ozumba Mbadiwe Avenue Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, ext. 6761
albalogun@oandoplc.com
For Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary
Lagos
24 December 2021
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited
3
Date: 28-12-2021 07:05:00
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