Neveah Limited appoints new CFO, former United Capital Group financial controller
Neveah Limited (“Neveah” or “the Company”), a leading commodity trading company is pleased to announce the onboarding of its most recent Executive, Mr. Akinsola Akinyemi.
Akinsola Akinyemi is the Chief Financial Officer and an Executive Director at Neveah Limited. He is an experienced finance professional with over 12 years of hands-on experience in treasury management, regulatory reporting, financial accounting, performance management, tax planning and management with reputable financial institutions in the Nigerian Financial Services Industry. He is highly skilled at identifying business growth opportunities and has supported notable companies in achieving business expansion. He has an excellent track record of improving systems and processes.
He holds a Bachelor’s degree in management and accounting from Obafemi Awolowo University. He is an Associate Member of the Institute of Chartered Accountants of Nigeria (ACA), an Authorized Dealer of the Nigerian Exchange, and an Associate Member of the Chartered Institute of Stockbrokers (ACS).
Before joining Neveah, Akinsola held several finance positions, including Group CFO at Cordros Capital Limited, Group Financial Controller at United Capital Plc, Investment One Financial Services Limited and Meristem Securities Limited. He also currently provides professional guidance on audit and risk management issues to one of the leading companies in the ICT sectors in his capacity as the chairman of the statutory audit committee.
Prior to taking this step, the firm under the leadership of its MD/CEO, Mr. Ibidapo Lawal had made impressive financial strides, raising N23,287,446,053.14 in total from the financial market and repaying N14,544,451,053.14. In the past five years, Neveah Limited has recorded a CAGR of 68% and 176% on revenue and profitability respectively.
Most recently, the firm concluded its series 6-13 Commercial Paper issuances which was well subscribed to by a diverse group of investors including asset managers, insurance companies, PFAs and trustees, and received the approval of FMDQ Securities Exchange Limited. The firm was able to raise N8.9billion and its very last issuance was 97% subscribed.
The firm is enthusiastic about Mr. Akinsola’s leadership. Judging by his track record, they are confident that he is worthy of taking over from where the CEO left off in ensuring the financial wellness of the company, and constantly leading the company to greater heights.
In the words of Mr. Ibidapo Lawal, “Neveah has grown from a one-man business to a full blown, properly structured company which is able to consistently raise money from the financial markets to meet its operational obligations and has set a solid track record of financial responsibility, leading to our several ratings by financial houses such as Agusto and Data Pro. This has required grit, commitment, and a high sense of accountability. It has been a satisfying experience and my utmost pleasure to lead the firm up to this point in its financial journey. However, I believe that Akinsola’s trajectory has prepared him for such a time as this, and that he possesses all the qualities we require for the new heights we are set to attain.”
According to Mr. Akinyemi, “It is my great pleasure to be joining Neveah Limited as an Executive Director/CFO. I have followed the firm’s journey for a while, and I can say that they have shown undeniable promise. In this time of unprecedented hardship for small and medium enterprises in the country, Neveah has continued to demonstrate an unwavering grit and a clear sense of direction. I believe they are here for the long run, and I am as elated about the work of building together as I am about the achievements that I am sure the future holds.”
*About Neveah Limited*
Neveah Limited is registered by the Nigerian Export Promotion Council (NEPC) as an exporter of agro-commodities and solid minerals. The company was established in 2014 and has its head office in Abuja and operational offices in 8 states within 5 of the 6 geo-political zones in Nigeria.
The company’s services are centred around sourcing the finest solid minerals and agricultural products from the domestic market and exporting them to meet the demands of our customers in the international markets. Its main minerals for exports are tin, columbite, lead, zinc, tantalite, and tungsten concentrates, while our main agricultural commodities for exports are dried split ginger, dried hibiscus flower, dried orange peels and sesame seed.
Neveah’s major markets are in Europe, North America, and Asia, where they export commodities to Switzerland, Germany, The United States, Hong Kong and China.
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