Uacn Property Development Company
Folakemi is the Chief Financial Officer and Executive Director at UPDC Plc. A transformation expert, she has over 19 years of experience in Consumer Markets, Telecommunications, Real Estate, Agriculture and the Public sector for some of the world and Nigeria’s top companies such as KPMG Professional Services and PricewaterhouseCoopers.
Prior to her appointment as the CFO of UPDC in March 2019, Folakemi was Non-Executive Director of Devonsley Limited and Transformation Expert at Purssion Limited. Folakemi also held the position as bwPrincipal Consultant at Purssion Limited and worked in Advisory Finance and Accounting at PwC.
Before that, Folakemi worked at Honeywell Group Limited as its Enterprise Control &Compliance Manager. As Executive Director & CFO at UPDC Plc, she leads the Risk & Compliance, Procurement, Information Technology and Finance teams.
Folakemi earned a BSc Engineering Physics from Obafemi Awolowo University Ile-Ife and an MBA from Manchester Business School, Manchester, UK. She is a Fellow of the Institute of Chartered Accountants of Nigeria, and is currently studying for a PhD in Entrepreneurship and Innovation at the International School of Management, France.
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Uacn Property Development Company
The United African Company (now known as UAC of Nigeria Plc) was formed in 1879 from the four European companies trading up the River Niger. As a result of extensive trading activities across Nigeria, UAC acquired a large number of produce warehouses, offices and residential structures, which in turn led to the company’s control of a significant amount of real estate all over Nigeria. These acquisitions were managed by a department of UAC, which became a subsidiary company, UACN Property Development Company in 1997. And in 1998, UACN Property Development Company (UPDC) was listed on the Nigerian stock exchange.