AMMASCO founder Mustapha Ado Muhammad appointed non-executive director of Lotus Bank

Prominent Nigerian industrialist and philanthropist, Mustapha Ado Muhammad, has been appointed as a Non-Executive Director of Lotus Bank, marking another milestone in his illustrious career. The appointment, ratified during the bank’s first Annual General Meeting in December 2021, underscores his leadership in Nigeria’s business and industrial sectors.

As the Founder and Chairman of AMMASCO International Limited, Mustapha has revolutionized the lubricant industry in Nigeria. Established in 1997 as the first indigenous lubricant blending plant in Northern Nigeria, AMMASCO has become a leading producer of high-quality lubricants tailored to the Nigerian automobile market. The company employs over 3,700 full-time staff across its factories, making it one of the largest employers in Northern Nigeria.

In addition to his success in manufacturing, Mustapha has diversified his portfolio through AMMASCO Communication Limited, which was granted a license by the National Broadcasting Commission in 2021 to operate radio and television stations. His business ventures extend to petrochemicals, liquefied petroleum gas, and other allied products, demonstrating his commitment to fostering economic growth across multiple sectors.

Mustapha also serves as Chairman of the Lubricant Producers Association of Nigeria (LUPAN), where he oversees collaboration among key industry players, including Mobil, Oando, and Conoil.

Beyond his business achievements, Mustapha is deeply committed to philanthropy. Through AMMASCO International Limited, he has partnered with the Nigerian Automobile Technicians Association (NATA) to donate technical tools to thousands of technicians nationwide, supporting skill development and empowering local communities.

Born in Katsina on July 27, 1958, Mustapha began his education at Gobirawa Primary School and later attended Government Secondary School, Gwale, Kano. He pursued Accounting at the Kano State Polytechnic, earning his National Diploma and Higher National Diploma in 1985 and 1989, respectively.

Mustapha Ado Muhammad’s appointment to Lotus Bank is expected to bring strategic insights and enhance the bank’s commitment to ethical banking and financial inclusion. His visionary leadership and dedication to innovation continue to shape Nigeria’s industrial and financial landscapes.