UACN Welcomes Khalifa Biobaku as Its New Chairman in a Transformative Move

In an exciting announcement, UAC of Nigeria Plc (UACN) has appointed Khalifa Biobaku as the new chairman of its board of directors. This change comes into effect on February 5, 2025, signaling a refreshing wave of leadership at one of Nigeria’s most influential conglomerates.

A New Era of Leadership

Khalifa Biobaku steps into his role as the chairman with a robust background in finance and investment, succeeding Dan Agbor, who successfully led the board for nine fruitful years. “Mr. Biobaku brings a wealth of experience and strategic insight to our company,” said an insider, voicing the board’s confidence in his capabilities.

Strengthened by Experience

Before his appointment as chairman, Mr. Biobaku diligently served as the vice chairman since June of last year. His integral contributions as a member of UACN’s Risk Management Committee, Governance and Remuneration Committee, and Statutory Audit Committee have prepared him well for this leadership role. As stated in Premium Times, his knack for enhancing risk management and governance will positively steer the company’s direction.

Educational Foundation and Professional Milestones

Mr. Biobaku’s academic accomplishments set a solid foundation for his professional journey. He is an alumnus of both Oxford University and the London School of Economics, institutions renowned for shaping top-tier leaders. His career spans over two decades, with significant roles at prestigious organizations such as Goldman Sachs International, Davidson Kempner Partners, and Morgan Stanley International.

A Visionary Entrepreneur

Beyond his corporate credentials, Khalifa Biobaku has also made strides as a forward-thinking entrepreneur. As the founder of Dalio Property Development Company Limited, he brings an entrepreneurial spirit and unique vision to UACN. Mr. Biobaku continues to lend his expertise as a director at Themis Capital Management, broadening his impact across the financial landscape.

Looking Ahead

With Khalifa Biobaku at the helm, UACN anticipates a progressive era filled with innovation and robust governance. Stakeholders and market watchers remain keen to see how his leadership will unfold and the new directions it will bring to the conglomerate.

The appointment of Khalifa Biobaku represents not just a change in leadership but a strategic alignment with future growth and stability. It’s an exciting time for UACN and all those who follow its journey.