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| Mrs. Foluke Abdulrazaq |
The
Chairman of Transcorp Plc, who doubles as Chairman of United Bank for Africa Plc and Heir Holdings Limited, Tony Elumelu, has expressed his
happiness following the at the
appointment. According to Elumelu, Mrs Abdulrazaq’s extensive leadership
experience will support the new management team led by Mrs. Owen Omogiafo, the President/CEO, who recently unveiled her
five year strategic business goals that include the expansion of the investment
portfolio of the Transcorp group through strategic acquisitions; deepening the
market share of the existing businesses, and diversifying into the
manufacturing sector, to help realise our vision of improving lives and
transforming Nigeria’s economy.
“I am delighted that Mrs. Abdulrazaq is joining our board. This
appointment demonstrates once again our commitment to the highest level of
governance, human capital investment and diversity and inclusion across all
layers of our business. Mrs. Abdulrazaq’s reputation as one of Nigeria’s senior
business leaders and public servants, coupled with her track record of
championing the role of women in business will be an inspiration. I am also
pleased to announce her appointment as the Vice Chairman, the first occupant of
this role in the history of Transcorp,” Elumelu
commented
Tectono
Business Review gathered
that Mrs Abdulrazaq’s appointment became effective Friday, June 5, 2020 and she
is expected to bring to the board her considerable experience in both the
public and private sectors. Her public service career includes serving as a
Commissioner in the Ministries of Finance and Women Affairs in Lagos State,
when during her tenure, the broad policies that led to the State’s Accelerated Revenue Generation Programme
(ARGP) were formulated. She was also the Chairman of the State’s Tenders’
Board, a member of the Federal Accounts
Allocation Committee (FAAC), and the State’s Executive Council.
Mrs
Abdurazaq has held, over a period of 20 years, a series of senior positions in
the Nigerian financial services sector, including her appointment by the Central Bank of Nigeria/NDIC in
September 1995, as the Executive Chairman of the Interim Management Board of Credite Bank Nigeria Limited.
She
also served on the Group Board of United Bank for Africa Plc from 2008 to 2020,
where she retired as the Chairperson of the Board Credit Committee. While
commenting on her appointment, Mrs. Abdulrezaq, who is an M.Sc degree holder in
Banking and Finance from the University of Ibadan, expressed her enthusiasm for
joining the board and management to assist delivery of the organisation’s
strategic objectives.
She
said, “I am glad to be joining the remarkable team on
the Group Board of Transcorp. I look forward to working with them and the
motivated management team, led by Owen, to actualize our immediate and
long-term strategic goals of creating value for our stakeholders.”
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