Aradel Holdings Appoints Mahmud Tukur, George Osahon, and Olusola Adeeyo to Board

Aradel Holdings Plc, a leading Nigerian integrated energy company, has announced the appointment of three seasoned professionals to its Board of Directors.

The new appointments, which take effect on July 25, 2025, include Mr. Mahmud Tukur and Mr. George Osahon as Independent Non-Executive Directors, and Mr. Olusola Adeeyo as a Non-Executive Director.

The appointments, which will be ratified at the next Annual General Meeting (AGM), were approved via a board resolution dated July 11, 2025. The move underscores Aradel’s commitment to strengthening governance and strategic oversight as it expands operations in the energy value chain.

Board Appointees’ Profiles

Mahmud Tukur

Mr. Tukur is a well-known investor and C-suite executive with nearly three decades of experience across the energy, maritime, and infrastructure sectors. He previously served as MD/CEO of Eterna Plc and is currently the Group CEO of Ashgrove Group, a conglomerate with interests in upstream oil, petroleum marketing, and investments. Tukur’s appointment is expected to bring strategic depth and entrepreneurial drive to Aradel’s board.

George Osahon

A veteran of Nigeria’s oil and gas industry, Mr. Osahon boasts over 40 years of experience spanning public, private, and regulatory roles. He has served at the Nigerian Petroleum Development Company (NPDC), Allied Energy Resources, and the Nigerian National Petroleum Corporation (NNPC), where he rose to become Group General Manager of the Nigerian Content Division. He now runs Geo-Concept Technical Limited, offering strategic advisory to upstream operators.

Olusola Adeeyo

Mr. Adeeyo brings over 40 years of diverse experience in banking, hospitality, and manufacturing. A pioneer in Nigeria’s treasury and foreign exchange markets, he held leadership roles at Nigeria International Bank (now Citi Group) and IBTC (now Stanbic IBTC). He later founded Asset & Investment Limited and co-founded Protea Hotel Oakwood Park in Lagos. He is also the founder of Astral Waters Limited.

Strategic Implications

The appointments come at a time when Aradel is deepening its presence in Nigeria’s energy ecosystem, including upstream production, oil services, and energy infrastructure. By leveraging the appointees’ varied expertise, Aradel is positioning itself to strengthen corporate governance, deepen investor confidence, and accelerate the execution of its growth strategy.

Company Secretary & Group General Counsel, Titilola Omisore, confirmed the appointments and noted that regulatory notifications have been initiated in line with listing requirements on the Nigerian Exchange Limited (NGX).

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