Nigerian Aviation Handling Company Restructures Board in Preparation for Future Growth
Nigerian Aviation Handling Company Plc (NAHCO PLC) has announced a significant reorganization of its board of directors. This change follows the retirement of two long-serving directors and introduces new legal and financial expertise aimed at steering the company into its next growth phase.
Akinwumi Godson Funimokun, who held the position of independent non-executive director and vice chairman, alongside non-executive director Taofeek Oluwatoyin Salman, has officially retired. Both directors completed eight years of service, with Mr. Funimokun’s retirement effective from June 1, 2026, and Mr. Salman’s from June 30, 2026.
Despite his departure, Mr. Funimokun will continue to maintain a substantial stake in the company, reflecting his ongoing commitment to NAHCO.
To address the leadership gap, the board has swiftly promoted Tajudeen Omoshola Shobayo from his current role as a non-executive director to vice chairman, effective July 1, 2026. This move is expected to provide continuity and stability as the company transitions into a new chapter.
In a bid to enhance corporate governance and project execution capabilities, NAHCO has appointed two new non-executive directors: Wollemi Esan, a distinguished legal expert, and Julius Omodayo Owotuga, an accomplished financial officer. Their appointments will take effect on July 1, 2026.
Wollemi Esan brings over 20 years of experience as a senior lawyer in Nigeria, specializing in complex corporate disputes, international arbitration, and regulatory compliance. His prior work on logistics, transportation, and airport concession transactions will be invaluable to NAHCO’s operations. Esan holds advanced degrees from University College London and Durham University, underscoring his extensive expertise.
Julius Omodayo Owotuga also joins the board with a strong background in corporate restructuring and infrastructure finance in Nigeria’s energy and banking sectors. Previously, he served as Deputy CEO of Geregu Power Plc, where he was instrumental in transitioning the company to a market-driven model. Omodayo, a CFA charter holder with a PhD from Oxford Said Business School, is currently the Executive Director of First Bank of Nigeria Limited, further enriching the board’s financial acumen.
The official announcement regarding these changes was made by Bello A. Abdullahi, Company Secretary at Ditko & Mahmoud Solicitors, highlighting the company’s commitment to evolving its leadership structure in order to navigate future challenges effectively.
