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Audit Committee



Chairman, Audit Committee
Adeline obtained a BSC (Hons.) Agric. Economics Degree from the University of Calabar in 1987 and is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the Chartered Institute of Taxation of Nigeria (CITN) and the Institute of Management Specialists UK (IMS). She is also a member of the Institute of Directors Nigeria (IoD). Her work experience spans internal & external auditing, accounting & financial services across the FMCG, Paints, Logistics, Real Estate, Automobile, Personal care and Financial services sectors while working with Coopers & Lybrand (Chartered Accountants), a Mortgage Bank and UAC of Nigeria Plc. She held several management positions in UACN Plc which include Auditor in the Group Audit department, Financial Accountant UPDC Plc, Divisional Commercial Director MDS, Finance Director GM Nigeria Ltd, Group Treasurer UACN Plc. She was the Finance Director of CAP Plc from March, 2011 till October 2015 and became the Finance Director of UAC Foods Limited on 16th December, 2015 in addition to doubling as the Finance Director of Spring Waters Nigeria Limited (a subsidiary of UAC Foods Limited) till 31st May, 2019. She has been on the Board of Portland Paints & Products Nigeria Plc as non- executive director from 24th March, 2016 till date. Adeline has attended various local and overseas courses which include the Ashridge Leadership Process, Strategy & Finance in Ashridge Business School, Berkhamsted, United Kingdom; Certificate in International Financial Reporting Standards in ISM Lagos and Negotiation skills & tools course in Lagos Business School
Mr Balogun ShamsideenH Olalekan Mr Balogun ShamsideenH Olalekan Audit Committee Member View Profile

Mr Balogun ShamsideenH Olalekan

Audit Committee Member
Holds an HND in Animal Science and Diploma in Accounting. He is s retired Senior Civil Servant from the Lagos State Government's service and a respected Capital Market Investor since 1977, with interest in many publicly quoted companies.

He is an experienced Audit Committee member and was nominated by Mr Ogunowo Sunday Olutayo.

Comrade Adenrele Sulaiman Babatunde Comrade Adenrele Sulaiman Babatunde Audit Committee Member View Profile

Comrade Adenrele Sulaiman Babatunde

Audit Committee Member
Holds Masters in Admin Management and Planning from University of Lagos and BSc Economics/Education from Lagos State University.

He is a brokerage agent with Fittco Securities from 2003 till date and an investor in many quoted and unquoted companies. He is currently the Branch Secretary of Nigeria Union of Teachers, Lagos State. He has served on various statutory Audit Committees of Incar Nigeria Plc, Law Union & Rock Insurance Company Plc, Vita Foam Nigeria Plc, Big Treat Nigeria Plc, C & I Leasing Nigeria Plc, Deap Capital Nigeria Plc and currently a member of Portland Paints & Products Nigeria Plc Audit Committee Member.

Comrade Adenrele Sulaiman Babatunde was nominated by Chief Timothy A. Adesiyan
Mr. Bayo Osibo Mr. Bayo Osibo Audit Committee Member View Profile

Mr. Bayo Osibo

Audit Committee Member
Mr. Bayo Osibo holds a Bachelors Degree in Bio-Chemistry from University of Ibadan and an MBA from University of Lagos. He is a distinguished and respected authority in the Paints Industry in Nigeria.

He is a Life Fellow of the Chartered Institute of Corporate Management as well as a fellow of the Institute of Marketing. He was the former Chairman of Paints Manufacturers Association of Nigeria (1999-2003) He joined Portland Paints Nigeria Ltd, then a Subsidiary of WAPCO in1984 as the National Sales Manager. His excellent performance saw him rise through the ranks to become the Managing Director and Chief Executive in March 2004, when Lafarge divested from PPPNL. He retired as Managing Director/Chief Executive on June 28th 2013 and was subsequently appointed as a Non-Executive Director.