Naziru Rabiu resigns as BUA Foods Director

Naziru Rabiu has resigned from BUA Foods Plc, Nigeria’s largest indigenous foods company, as an executive director.

The resignation from the company became effective on August 17, 2022.

This was contained in a recent regulatory disclosure by BUA Foods Plc to the Nigerian Exchange Ltd. (NGX).

BUA noted that the resignation was in order for the company to meet the regulatory requirements of the Securities and Exchange Commission Corporate Governance Guidelines (2020) and the Nigerian Code of Corporate Governance on family and interlocking directorship which stipulates that not more than two members of the same family shall sit on the board of a public company at the same time.

Rabiu was a Director of IRS Pasta and Flour Limited which later merged with other companies to form BUA Foods.

He was appointed as a member of the Board of BUA Foods in November 2021 (which later became publicly listed BUA Foods Plc in January 2022),

He, however, remains an Executive of BUA Foods Plc with his portfolio remaining unchanged.

Naziru Rabiu holds a degree in Business Economics from the University of Hertfordshire and held other previous roles within the organisation including as Commercial Director of IRS Pasta and Flour Limited.

The Star