Julius Berger Nigeria Announces New Board Appointments
Julius Berger Nigeria Ltd. has appointed Dr. Muizu Adeyemi Banire, a distinguished Nigerian lawyer and activist, as a non-executive director on its board. This announcement was made on June 22, 2026, through a statement issued by the Company Secretary, Mr. Cecilia Ekanem-Maduke, which was communicated to the Nigerian Exchange Limited (NGX) and the investing public.
Leadership Changes within the Company
In addition to Dr. Banire’s appointment, Julius Berger Nigeria announced that Mr. Chinazo Okoye will serve as acting director, succeeding Dr. Ernest N. Azedial Obiejesi. This leadership transition is part of the company’s ongoing commitment to enhance its governance and strategic direction.
Effective Date and Board Approval
The company noted that Dr. Banire’s appointment will take effect on July 1, 2026. This decision was made during a board meeting held on June 17, 2026. The statement conveyed the board’s enthusiasm over the new appointments, underscoring their importance for the company’s ongoing success.
Experience of the New Appointees
Both Dr. Banire and Mr. Okoye bring a wealth of expertise to their respective roles. Dr. Banire is a senior legal professional in Nigeria with a comprehensive background in academia, public service, and legal practice. He founded MA Banire & Associates and serves on the Board of Governors for Fountain University, while also fulfilling the role of Acting Chancellor at the University of Uyo. His academic credentials include degrees from the University of Lagos and extensive memberships in professional organizations such as the International Bar Association and the Chartered Institute of Arbitrators.
On the other hand, Chinazo Okoye is a Chartered Accountant with the Institute of Certified Public Accountants and currently holds the position of Managing Director at Amaranta Trading Limited. With a Bachelor of Science in Mechanical Engineering from the University of Michigan and a Master’s from Cornell University, she adds a robust technical and financial skill set to the board. Additionally, Okoye holds a Master of Science in Professional Accounting from the University of London, which will further support her role in leadership.
Significance of the Appointments
The new board appointments come at a significant time for Julius Berger Nigeria, as shareholders recently approved a dividend of N6.8 billion for the 2025 financial year. This translates to N4.25 per share, a testament to the company’s strong financial performance. The approval took place at the company’s 56th annual general meeting, which was held at the Shehu Musa Yar’Adua Center in Abuja. During this meeting, management elaborated on its strategies for sustained growth within its core construction business, emphasizing the importance of business diversification for future opportunities.
Commitment to Sustainable Growth
As Julius Berger Nigeria navigates these leadership changes, it remains steadfast in its commitment to sustainable growth. The recent board appointments, alongside the approved dividends, signal a strategic pivot towards enhancing both its construction capabilities and diversified business operations. The company’s proactive approach to governance and financial management aims to position it favorably in the evolving landscape of the construction and infrastructure sectors.
