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VFD Group Makes Board Restructuring 



VFD Group Plc., a leading industry agnostic proprietary investment company, listed on the main board of the Nigerian Exchange (NGX) with the ticker symbol VFDGROUP has restructured its Board.

This strategic move is aimed at strengthening its Corporate Governance  while positioning the Company for accelerated growth and value creation for its shareholders. Announcing the appointments at the just concluded board meeting of the Company, the Chairman, Mr. Olatunde Busari (SAN) listed the appointees as outlined below:

Mr. Ibraheem Nahim Abe, as a Non-Executive Director brings a wealth of experience across diverse sectors, including finance, technology, and real estate to the VFD Group;

Mr. Hubert Asamoah, as Non-Executive Director comes with deep understanding of the Ghanaian market and international logistics which will strengthen VFD Group’s regional presence;

Mrs. Morenike Ominike, as Executive Director, Operations with extensive experience in portfolio management, operations, and compliance across the financial services industry, thus will be invaluable to the Board.

The Chairman also announced the resignation of two Board members: Mr. Adeniyi Adenubi, who is transitioning from Executive Director to Non-Executive Director on the Board and Mr. Femi Akinware.

“We are delighted to welcome our new Board members,” says Busari (SAN), “Their expertise and diverse perspectives will be instrumental in guiding VFD Group on its continued growth trajectory. We are also grateful to Mr. Akinware for his dedicated service and invaluable contributions to the Group. In the same vein, we appreciate the significant contribution and commitment of Mr. Adenubi as an Executive Director and more is expected of him in his new role as a Non-Executive Director.”

This Board restructuring, according to the Chairman, reflects VFD Group’s unwavering commitment to strong corporate governance and its dedication to maximizing value for investors. The combined experience and leadership of the new Board members position VFD Group for an exciting future filled with growth and innovation.

“These appointments are part of our strategic restructuring to ensure that VFD Group remains at the forefront of delivering exceptional value to our stakeholders. By bolstering our Board with experienced and visionary leaders, we are confident in our ability to navigate the evolving financial landscape and capitalize on new opportunities for growth.”, says the Group Managing Director/Chief Executive Officer of VFD Group, Nonso Okpala.

It is worthy to note that the shareholders of the Company, at the last concluded 2023 Annual General Meeting, also ratified the appointment of two astute professional female Independent Non-Executive Directors with multi-sectoral experience – Mrs Nneka Okekearu and Ms. Rashida Saleh.

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