Oando Plc has announced the resignation of Mr. Tanimu Yakubu as Non-Executive Director of the company.
This was contained in the company’s notice to the Nigerian Exchange Limited.
The resignation according the statement was to enable him to undertake a national assignment with the Federal Government of Nigeria.
The statement reads:
“Oando Plc hereby notifies the shareholders and other stakeholders of the following change on its Board of Directors.
Mr. Tanimu Yakubu has resigned from his position as a Non-Executive Director of Oando Plc to undertake a national assignment with the Federal Government of Nigeria”.
According to the statement signed by the Company Secretary, Ayotola Jagun, Yakubu was appointed to the Board on June 30, 2015.
During his tenure, he served as the Chairman of the Board Audit, Strategic Planning & Finance Committee, and was also a member of the Statutory Audit Committee.
With his extensive experience in finance and strategic planning, Mr. Yakubu brought invaluable insights, financial acumen, and a strategic mindset that significantly contributed to the growth and stability of the Company.
His leadership was instrumental in guiding the Company through various financial strategies and audits, ensuring robust governance and compliance.
The Board and Management of Oando Plc extend their deep appreciation to Yakubu for his significant contributions and exemplary service.
We wish him continued success in his new role and are confident that he will bring the same dedication and excellence to his work with the Federal Government as he did at Oando Plc.
President Bola Tinubu had approved the appointment of Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation, following the expiration of the tenure of Mr. Ben Akabueze.
Mr. Yakubu is an accomplished economist and was Chief Economic Adviser to a former President from 2007 to 2010; Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria from 2003 to 2007, and Commissioner of Finance, Budget, and Economic Planning in Katsina State from 1999 to 2003.
The new Director-General of the Budget Office of the Federation holds a Master of Business Administration degree in Finance from Wagner College, Staten Island, New York, and a Bachelor of Science degree in Economics from the same institution.
President Tinubu thanks the outgoing Director-General, Mr. Akabueze, for his services and wishes him success in his future endeavours.
The statement signed by Special Adviser to the President, (Media & Publicity), Ajuri Ngelale noted that the President expects the new Director-General of this pivotal agency to further enhance the provision of efficient and qualitative budget functions, with a view to promoting fiscal sustainability, transparency, and accountability in public finance management for national development.
