The board of UPDC Plc has settled for Mr Francis Akinyemi Falola as the new Chief Financial Officer (CFO) of the company with effect from June 16, 2025.
His appointment followed the resignation of the former occupier of the position, Mr Grant Akata, a statement filed to the Nigerian Exchange (NGX) Limited on Friday said.
Mr Falola, a graduate of the Olabisi Onabanjo University (formerly known as Ogun State University), possesses extensive experience in financial reporting and tax, treasury management, credit control, financial reviews, financial analysis, auditing, accounting and budgeting.
He started his career with Phoenix of Nigeria Assurance Plc and later joined Custodian and Allied Insurance Limited where he worked in different roles, including Head of Credit Control and Debt Management and Head of Finance and Account.
The new CFO of UPDC is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with over two decades working experience in Finance and Accounting roles.
After obtaining a bachelor’s degree in Accounting, he proceeded to the Lagos State University for a Master of Business Administration (MBA). He also completed a Senior Management Programme from the Lagos Business School (LBS).