The Nigerian Aviation Handling Company (NAHCO) Plc has strengthened its board with the appointment of two new Non-Executive Directors and a new Vice Chairman as part of its commitment to enhancing corporate governance and strategic leadership.
The appointments, which took effect on July 1, 2026, were announced in a statement signed by the Company’s Secretary, Bello Abdullahi.
Leading legal practitioner Wolemi Esan (SAN) and Dr. Julius B. Omodayo-Owotuga, Executive Director at First Bank of Nigeria Limited, have joined the board as Non-Executive Directors, replacing Akinwumi Godson Fanimokun and Taofeeq Oluwatoyin Salman, who retired after serving on the board.
The company also announced the appointment of Tajudeen Omoshola Shobayo, an existing Non-Executive Director and Fellow of the Institute of Chartered Accountants of Nigeria (FCA), as Vice Chairman, succeeding Fanimokun.
According to NAHCO, Fanimokun remains a significant shareholder in the company despite retiring from the board, with his exit attributed to age considerations.
The company said Esan brings over two decades of experience in corporate law, commercial litigation, arbitration, capital markets, mergers and acquisitions, infrastructure development, and corporate governance. He has advised major corporations, financial institutions, and government agencies on transportation and infrastructure projects, including rail, port, and airport concessions.
Esan holds a Bachelor of Laws degree from Lagos State University, a Master of Laws from University College London, and a Master of Business Administration from Durham University. He has also been recognised by leading international legal directories, including Chambers Global, IFLR1000, and Legal 500.
Dr. Omodayo-Owotuga joins the board with extensive expertise in banking, infrastructure finance, energy, corporate transformation, and governance. He currently serves as an Executive Director at First Bank of Nigeria Limited and has held several senior leadership positions across the banking and energy sectors.
The appointments come on the heels of another strong financial year for NAHCO. At its recent Annual General Meeting, shareholders approved the payment of ₦12.18 billion in cash dividends and the issuance of 278.44 million bonus sharesfor the 2025 financial year, marking the company’s fifth consecutive annual increase in dividend payouts.
The company said the board changes are aimed at reinforcing its leadership structure as it continues to pursue sustainable growth and deliver value to shareholders.
