UAC Nigeria Appoints Adebolanle Badejo to UPDC Board

UAC of Nigeria Plc has appointed its Group Investment Director, Adebolanle Badejo, to the board of UPDC Plc as part of a restructuring aimed at strengthening portfolio governance and supporting the group’s growth plans.

The appointment became effective on July 13, 2026, according to a corporate disclosure issued by UAC Nigeria.

Following the restructuring, Badejo will step down from the board of UAC of Nigeria Plc but will remain a member of the company’s Executive Committee and continue to report directly to Group Managing Director Folasope Aiyesimoju.

The change will allow Badejo to focus more closely on portfolio governance and value creation across UAC’s operating companies.

He will also continue to lead the group’s mergers and acquisitions programme, supervise the divestment of non-core businesses and oversee capital allocation decisions for major strategic investments.

His appointment to UPDC’s board is expected to strengthen the connection between the property company and UAC’s broader investment strategy as the group evaluates opportunities for expansion, restructuring and improved returns across its portfolio.

In addition to his new position at UPDC, Badejo will retain directorships across several UAC portfolio companies.

He serves as a non-executive director of Chemical and Allied Products Plc and chairs its Risk Management Committee. He is also a non-executive director of C.H.I. Limited.

At DP World Logistics Limited, Badejo serves as a non-executive director and chairs the Risk and Governance Committee, while at Grand Cereals Limited, he is a non-executive director, chairman of the Governance and Human Resources Committee and a member of the Nominations Committee.

He also serves as a non-executive director of Livestock Feeds Plc, where he chairs the Risk Management Committee and sits on the Governance and Human Resources Committee.

Badejo will continue as a non-executive director of UAC Foods Limited and a member of its Risk and Governance Committee. At UAC Restaurants Limited, he serves as a director and chairs the Risk and Audit Committee.

The combination of these roles gives the Group Investment Director direct oversight of the governance, performance and capital requirements of several companies within UAC’s portfolio.

The restructuring indicates that UAC Nigeria is strengthening its active portfolio-management model by placing its investment leadership closer to the operating businesses while retaining central oversight of acquisitions, divestments and major capital decisions.

This structure could help the group identify underperforming assets, determine investment priorities and respond more quickly to acquisition opportunities.

UAC Nigeria said its board appreciated Badejo’s contributions as a director of the parent company and looked forward to his continued leadership across the group in his expanded portfolio role.

The company has interests across food and beverages, animal feeds, paints, restaurants, logistics and real estate.