Business News
Ellah Lakes Plc appoints interim CFO
The appointment was made when Robert Grant, the organization’s former Chief Financial Officer, resigned, according to a corporate…
Dipo Ogunbiyi has been appointed by Ellah Lakes Plc to serve as the organization’s interim CFO.
The appointment was made when Robert Grant, the organization’s former Chief Financial Officer, resigned, according to a corporate declaration by the firm.
To pursue other opportunities, Mr. Grant departed the company.
“By mutual agreement, Robert Grant, the Chief Financial Officer of Ellah Lakes Plc will be leaving Ellah Lakes Plc to pursue other opportunities. We wish him the best in his future endeavors and we look forward to growing the Company from strength to strength. The Company has filled the vacant role by appointing Dipo Ogunbiyi as the interim Chief Financial Officer,” part of the statement said.
READ MORE: Access Holdings acquired an indirect equity stake in Sigma pensions
The experience of Mr. Dipo Ogunbiyi in investment banking and finance spans more than 18 years. Over the course of his career, he has counseled local corporations and state governments on transactions totaling more than $2 billion.
Ogunbiyi was the First Ally Capital’s head of investment banking prior to joining Ellah Lakes Plc. Additionally, he had previously worked for various investment banks such as FCMB Capital Markets, Renaissance Capital, United Capital, and FBNQuest Merchant Bank. Ogunbiyi holds a BA from Lagos State University and an MBA from the Booth School of Business at the University of Chicago.
The firm also stated that by the end of January 2023, it intends to start operating its brand-new three-ton-per-hour crude palm oil (CPO) mill in Edo State. The commissioning will signal the start of the company’s activities in Edo State in terms of cash flow.