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UPDC appoints Kasali, Aiyesimoju directors


UAC OF Nigeria

The Board of UACN Property Development Company PLC (UPDC) has announced the appointments of new Directors with Mr Babatunde Kasali as Chairman and Mr Folasope Aiyesimoju as the Chief Executive Officer (CEO).

Mr Kasali takes over from Mr Larry Ettah, former Chairman of UPDC who retired with effect from 23rd July, 2018.

The firm also announced the appointments of Mrs Adeniun Taiwo as the Chief Operating Officer (COO) and Mrs Awuneba Ajumogobia as Non-Executive Director.


Mr Kasali, an accomplished accountant, banker and a Fellow of the Institute of Chartered Accountants of Nigeria is a Non–Executive Director of UAC of Nigeria PLC and the Non-Executive Chairman of Wema Bank PLC.

Mr Aiyesimoju, finance professional with experience spanning corporate finance, principal investing and private equity, is the founder of Themis Capital Management and a Non-Executive Director of UACN Plc.

Mrs Ajumogobia, a fellow of the Institute of Chartered Accountants of Nigeria, is a Non-Executive Director and Chairman of Risk Management Committee of the Board of UACN Plc

Mrs Taiwo, until her current appointment, was the Chief Financial Officer of UACN Plc and acted as Managing Director of UPDC Plc from 2nd of May 2018.

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