Monday, January 17

Transcorp Hotels Plc appoints Ms. Bolanle Onagoruwa as Independent Non-Executive Director


Transcorp Hotels Plc has announced the appointment of Ms. Bolanle Onagoruwa as an Independent Non-Executive Director to serve on the board of the company.

This was made known through a notice signed by the company’s secretary, Kofo Olokun-Olawoyin, and filed with the Nigerian Exchange Limited.

The disclosure states that the appointment was approved by the Board of Directors of the company on December 17, 2021, in line with the provisions of the Companies and Allied Matters Act and the Articles of Association of Transcorp Hotels Plc.

It reads, “We write to formally notify the investing public and the Nigerian Exchange Limited that pursuant to the provisions of the Companies and Allied Matters Act and the Articles of Association of Transcorp Hotels Plc (“the Company”), the Board of Directors of the Company on December 17, 2021, approved the appointment of Ms. Bolanle Onagoruwa as an Independent Non-Executive Director on the Board of the Company effective December 17, 2021.”

What you should know about Bolanle Onagoruwa

Ms. Bolanle Onagoruwa has over 30 years of private and public sector professional experience covering commercial legal practice, with Bentley Edu and Co; Legal Counsel, Nigerian Industrial Development Bank, and Company Secretary/Legal Adviser Abuja Branch Head of Midas Merchant Bank, before she joined the Bureau of Public Enterprise (BPE). Post-retirement, she served as Acting CEO of Ibadan Electricity Distribution Company before joining ENL Consortium Limited.

According to the disclosure, Ms. Onagoruwa contributed immensely to the public sector reform and privatisation in Nigeria during her 12-year service with the BPE, in various directorate capacities (Director, Oil & Gas, Director, Industry and Manufacturing, Director, Electric Power, Director, National Parks and National Facilities) and her 4-year service as Secretary Social Development and Secretary Education in the Federal Capital Territory Administration before retiring as the Director-General of BPE in 2012. The power sector reform and privatisation program recorded significant progress during her two-year tenure as Director-General of BPE.

Ms. Onagoruwa is a lawyer by profession, holds an LLB from the University of Lagos, a Post Graduate Diploma in Politics and International Relations from the University of Kent at Canterbury, and an alumna of the Harvard Business School (General Manager Program). She was an Independent Director of NOVA Merchant Bank from 2017 to 2021.



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