UAC of Nigeria Plc has announced key updates to its board composition ahead of its Annual General Meeting (AGM) scheduled for Wednesday, June 4, 2025.
Shareholders will be asked to approve the appointments of Ms. Obi James and Mrs. Amina Muhtar as non-executive directors, and to re-elect Mrs. Suzanne Iroche and Mr. Karl Toriola, who are retiring by rotation but have offered themselves for re-election.
Ms. Obi James is a seasoned finance and investment expert with a background spanning global banking and advisory services. She brings extensive experience in capital raising, investor relations, and board governance, having worked with international financial institutions and African corporates.
Mrs. Amina Muhtar is a public sector finance professional and regulatory specialist. She has held senior roles in fiscal policy and treasury management and has contributed to shaping governance frameworks across both public and private institutions.
Mrs. Suzanne Iroche, who is seeking re-election, is a respected former banking executive. She served as Executive Director at United Bank for Africa and later as Acting Managing Director of FinBank. Her background in corporate strategy and compliance adds significant depth to the board’s oversight capabilities.
Mr. Karl Toriola, also up for re-election, is the Chief Executive Officer of MTN Nigeria. A veteran telecoms executive, Toriola has held leadership roles across MTN Group operations and is credited with driving digital transformation and operational excellence in Nigeria’s telecoms sector.
These appointments reflect UAC’s commitment to strengthening its board with diverse expertise in finance, governance, and technology as the company pursues strategic growth. Shareholders will also vote on a proposed dividend of 22 Kobo per share and amendments to the company’s Articles of Association, including a revised borrowing threshold to support expansion initiatives.
