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eTranzact Appoints 4 Directors as Adeyemo Exits Board

By Dipo Olowookere

Four individuals have been appointed into the board of directors of eTranzact International Plc, a leading payment technology provider in Nigeria.

A statement from the company disclosed that three of them are non-executive directors, while the remaining one is an executive director.

While Mr Paul Obanua, Mr Judedavid Ogochukwu Mbamalu and Mr Olayinka Oluwatimehin are the non-executive directors, Mr Olaniyi Toluwalope is the executive director.

A brief profile of each of the appointees showed that Mr Obanua is the Group Managing Director of Greenfield Assets Limited. He qualified as a Geophysicist from Edo State University (now Ambrose Ali University). He has completed a number of international programs including a management program (Private Equity- Venture Capital) at the Harvard Business School.

Mr Obanua is an alumnus of Lagos Business School and also a member of the Nigerian-Chinese Business Council.

Mr Mbamalu holds an LL.B from the University of Nigeria and a Master’s degree from the Lagos State University and Queen Mary University, London. He has obtained a Graduate Certificate in Public Policy Administration from Walden University and another certificate in Privacy and Data Protection (PDP) from the United Nations Institute of Training and Research (UNITAR). He is also a member of the Nigerian Bar Association. He is currently the Managing Partner of Jumbo Chambers.

Mr Oluwatimehin is the founder and Group Chief Executive of Amazon Energy Limited. He holds a bachelor’s degree in Chemical Engineering from the University of Lagos and has attended various management courses including the owner Manager Program (OMP) at the Lagos Business School.

He has considerable experience as a Business Development Engineer. He is a member of the Board of Trustees of the Oil and Gas Engineers of Nigeria (OGDEN) and sits on the Board of Rehoboth Properties Ltd among other companies. In recognition for his contribution to the Nigerian Engineering industry, Mr Oluwatimehin was awarded fellowship of the Nigerian Society of Chemical Engineers (NSChE) in 2013.

Mr Toluwalope holds a BSc in Accounting and an MBA from the University of Virginia’s Darden Graduate School of Business. He is also a Chartered Accountant.

Before joining eTranzact International PLC as the Chief Financial Officer in 2011, he worked in several units within PricewaterhouseCoopers including Financial Services, Energy and Oil & Gas, Telecommunication, and Consumer and Industrial Products. He also worked at JPMorgan Securities Investment Banking Division and Credit Suisse First Boston’s Investment Banking unit in New York City.

Mr Toluwalope is currently the interim Chief Executive Officer of eTranzact International PLC.

Meanwhile, eTranzact said Mr Bayo Adeyemo has notified the company of his decision to resign from the board as a non-executive director.

No reason for given for his decision.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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