yewande sadikuprevious Nigerian Investment Promotion Commission (NIPC) who helped bring the reforms to the commission but faced intense opposition from staff, has been appointed to the board of directors of Flour Mills of Nigeria Plc, the food company said in a regulatory filing published by the Nigerian Exchange on Friday.
The firm named Ms. Sadiku as a non-executive director effective February 16.
Ms. Sadiku is the former Executive Secretary/Immediate Executive Director of NIPC, which she led from November 2016 to September 2021.
Making transparency part of the focal point of her administration, the 49-year-old helped improve NIPC’s reputation in the Freedom of Information ranking for compliance and transparency from 90th to 1st in five years.
NIPC’s internally generated revenue grew from N296 million to N3.1 billion under his supervision.
Ms. Sadiku faced a myriad of entrenched interest battles during her years at NIPC in her quest to sanitize the agency, the highlight of which was allegations of corruption and lawsuits, some from the commission’s board of directors.
Last month, the Independent Commission on Corrupt Practices and Other Related Crimes cleared her of corruption and fraud charges after completing their investigations.
Prior to joining the government department, Ms. Sadiku led Stanbic IBTC’s investment banking division, Stanbic IBTC Capital.
“In her banking career spanning 23 years, Ms. Sadiku handled assignments for clients in virtually every sector of the Nigerian economy, providing strategic financial advice while ensuring strict legal and regulatory compliance,” Flour Mills, the Nigeria’s largest listed consumer goods company by revenue, it said.
She is the recipient of the Eisenhower Scholarship for International Leadership and is currently the interim chair of the board of directors of the Nigerian Exchange Limited Investor Protection Fund.
Ms. Sadiku’s executive leadership experience of more than 20 years in investment banking and capital markets “will be of great value to FMN as we continue to position the group to take advantage of the ever-changing consumer landscape in the world. food and agri-food sectors. CEO John Coumantaros said.
“His appointment represents our determination to ensure we have a diverse mix of gender, skills and viewpoints on the FMN board as we continue to fulfill our purpose of feeding the nation every day,” he added.