Oando Plc Appoints Ikeme Osakwe and Ademola Akinrele as Non-Executive Directors

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Monday, July 11 2016 2:02PM /NSE
We write to notify you that pursuant to article 88 of the company’s articles of association, the board of directors (“the Board”) has appointed Mr. Ikeme Osakwe MA (Oxon.) ACA and Mr. Ademola Akinrele SAN as non-executive directors to the Board of the company effective July 8, 2016. Summary for each of the new directors are stated below.

Mr. Ikeme Osakwe MA (Oxon) ACA
Ikeme is a Chartered Accountant and practicing Management Consultant. He holds bachelors’ and masters’ degrees in Chemistry from the University of Oxford, and is an Associate Member of the institute of Chartered Accounts in Nigeria, and England and Wales. Initially trained for four years at KPMG Audit London, Ikeme now serves as the Managing Director of GRID Consulting Ltd. – a company that he established in 1986 and which specializes in financial management advisory for commerce, industry, government and NGO’s.

Mr. Osakwe has over 35 years’ experience in financial, strategic and corporate planning, as well as organizational and financial management systems development, both in Nigeria and internationally. He has brought his vast experience in the dynamics of most major industrial sectors to bear in his work on corporate governance.

He has held several government and board appointments and currently serves on the board of Leadway Pensure PFA and Notore Chemicals Industries. He previously served on the boards of Oando Plc. And Red Star Express Nigeria Ltd; and chaired the boards of Thomas Wyatt Nig. Plc. and UBA Trustees Ltd.

Ademola Akinrele, SAN
Mr. Ademola Akinrele is the Managing Partner F.O. Akinrele & Co. born Ondo State, 3rd June 1961; Education: University College London LL.B (Hons) 1982; University of Cambridge,  LL.M  1984; Admitted to the Nigerian Bar 1983; Associate of Chief Rotimi Williams Chambers 1984 – 1987.

Co-Editor, Nigerian Legal Practitioners Review; Former Country Correspondent, Euromoney International Financial Practice Law Files 1990; Recipient of Award of Fifteen Legal Practitioners of distinction in Nigeria by body of Nigerian Universities and Law School Students 1990. Editorial Board – Nigerian Legal Digest 1993. Former Secretary Oxford and Cambridge club of Nigeria 1997. Married in 1998 with two daughters.

Elevated to the rank of Senior Advocate of Nigeria – 1999, Fellow Chartered Institute   of Arbitrators – 1999 Director Pier Pier Properties Limited 1999. Director Oando Plc – 2000 Director Agip Plc 2001. Commodore Lagos Motor Boat Club 2002, Director of Danos & Curole Marine contractors 2005.

Ademola Akinrele is a commercial advocate who traverses all aspects of Commercial Law and represents a variety of national and multinational entities before Nigerian Courts and International arbitral tribunals. He was described in the Chamber Global 2008 directory for international lawyers as follows:

The “cerebral and focused” Demola Akinrele is a Senior Advocate of Nigeria (SAN) with vast experience in litigation law. A “forceful and persuasive” advocate, he has built up a reputation in aviation and maritime – related matters. One client enthused: “One of his most striking skills is his ability to combine his knowledge of the law with his extensive experience”


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