Ellah Lakes Plc has notified the Nigerian Exchange and the investing public that Robert Grant, the Company’s Chief Financial Officer is resigning to pursue other opportunities. The Company has filled the vacant role by appointing Dipo Ogunbiyi as the interim Chief Financial Officer.
Dipo Ogunbiyi has over 18 years experience in investment banking and finance, as a sector agnostic specialist in capital markets (equity and debt) and M&A in sub-Saharan Africa. Over his career, he has advised local corporates and state governments on transactions in excess of US$2 billion. Prior to joining Ellah Lakes Plc., Mr. Ogunbiyi was the head of investment banking at First Ally Capital and had previously worked with other leading investment banks including FBNQuest Merchant Bank, Renaissance Capital, United Capital and FCMB Capital Markets. Mr. Ogunbiyi has a BA from the Lagos State University and an MBA from the University of Chicago, Booth School of Business.
Ellah Lakes in its outlook for 2023 sated thus:
“With respect to the Company’s operations, we expect the 3 Ton Per Hour, Crude Palm Oil (CPO) Mill in Edo State to be commissioned at the end of January 2023, marking the commencement of cashflow from our Edo State operations”.