In a bid to reposition for infrastructure opportunities in Nigeria and across Africa, the Board of Directors of United Capital Plc has announced the appointments of four highly experienced infrastructure investment experts as independent
\nmembers of the investment committee of the United Capital Infrastructure Fund
\n(UCIF). <\/p>\n
With investments in power, industrial recycling, and renewable energy, UCIF continues to deliver superior results, achieving a year-to-date gross return of 24.62%. <\/p>\n
The appointments have been confirmed following the ratification and clearance by the Securities and Exchange Commission.<\/p>\n
Commenting on the announcement, Mr Peter Ashade, the Group Chief Executive Officer of United Capital Plc, said:<\/p>\n
\u201cThese appointments were made to further deepen the Fund\u2019s governance and
\nensure that UCIF continues to drive sustainable impact through its investments.
\nI welcome the newly appointed members of the Investment Committee and charge them to ensure sustainable growth and impact while delivering consistent value to our investors.”<\/p>\n
The appointees bring fresh perspectives, multinational exposure, and decades of multi-sector experience across infrastructure and investments. <\/p>\n
The appointees are: <\/p>\n
De Buys Scott appointed as Chairman. Other independent members are <\/p>\n
Olubunmi Akinremi, Bola Bamidele and Obinna Ufudo. <\/p>\n
They join other members of the lnvestment Committee who are Odiri Oginni, UcheNna Mkparu, and Adeyinka Jafojo. Mr Samuel Nwanze has exited the Investment Committee, following the completion of his tenure. United Capital Group expresses its profound gratitude to Samuel Nwanze for the wealth of his insights and contributions to rigorous investing processes during his tenure.<\/p>\n
Also commenting on the announcement, UcheNna Mkparu, Chief Investment
\nOfficer and Fund Manager at UCIF said:<\/p>\n
\u201cWe are delighted to welcome the new members to the Investment Committee
\nand would be counting on their track record, wealth of experience across multiple jurisdictions, and impeccable professional reputations to steer UCIF\u2019s strategic
\ndirection as we scale investments that deliver competitive returns across Nigeria
\nand Africa.\u201d<\/p>\n
Investment Committee Member Profiles
\nDe Buys Scott \u2013 Independent Member & Chairman <\/p>\n
De Buys is the Managing Partner at Cornerstone Infrastructure Advisors and former Senior Partner, Infrastructure at KPMG (South Africa). <\/p>\n
He is a qualified Chartered
\nAccountant with vast African and international experience specializing in Public\u0002Private-Partnerships (PPP); Corporate & Project Finance; Capital-raising in various sectors including transportation, passenger rail, healthcare, and mixed-use real
\nestate.<\/p>\n
Olubunmi Akinremi \u2013 Independent Member <\/p>\n
Bunmi is the CEO of Tocam Capital, a project development firm focused on natural resources and associated infrastructure. <\/p>\n
He has over 30 years\u2019 experience in investment banking and corporate finance across Nigeria, USA, and the UK and has raised over $5 billion for the Nigerian market. <\/p>\n
He served as Senior Special Adviser to two past Nigerian presidents on economic policy and has held Non\u0002Executive Director and Audit Committee roles for companies in the financial services and real estate sectors. He holds a B.A. in Economics from the University of Essex, an MBA from Cranfield University and is an associate member of the Institute of Chartered Accountants in England and Wales.
\nBola Bamidele \u2013 Independent Member<\/p>\n
Bola, until her retirement from the World Bank Group, after nearly 25 years, was the
\nSub-Saharan Africa Regional Lead, Transaction Advisory & Equity Mobilization at
\nthe International Finance Corporation (IFC). Bola is experienced in originating and structuring impact investments and has working experience in Sub-Sahara Africa, Latin America, Asia, and Europe. She is also skilled in International Business, M&A Advisory, Infrastructure, Structured & Project Finance.<\/p>\n
Obinna Ufudo \u2013 Independent Member<\/p>\n
Obinna is a seasoned board director and executive with over 30 years\u2019 experience
\nspanning banking, investment, infrastructure, energy, and social impact. <\/p>\n
He is Chairman of Loanbook Limited and Atiat Limited and a Non-Executive Director of Abbey Mortgage Bank. <\/p>\n
He previously served as President\/Group CEO of
\nTransnational Corporation of Nigeria Plc (Transcorp), leading a successful
\nturnaround that delivered over US$1 billion in shareholder value within three years. <\/p>\n
He is the founder & chairman of Sir Pius Ufudo Foundation, a fellow of the CIBN, a
\nBritish Chevening Scholar, an alumnus of Wharton AMP and IESE Executive MBA.<\/p>\n
About United Capital Infrastructure Fund (UCIF)<\/p>\n
The United Capital Infrastructure Fund (UCIF) is a SEC-licensed, \u20a6150 billion closed\u0002ended fund designed to finance and support infrastructure and related projects in Sub-Saharan Africa. <\/p>\n
The fund targets key sectors, including agribusiness, industrial recycling, renewable energy, gas infrastructure, healthcare, and manufacturing. <\/p>\n
UCIF is committed to delivering competitive returns to investors while financing high-impact, sustainable projects that contribute to economic growth and development.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a bid to reposition for infrastructure opportunities in Nigeria and across Africa, the Board of Directors of United Capital Plc has announced the appointments of four highly experienced infrastructure investment experts as independent members of the investment committee of the United Capital Infrastructure Fund (UCIF). With investments in power, industrial recycling, and renewable energy, […]<\/p>\n","protected":false},"author":2,"featured_media":9327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-9326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/9326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/comments?post=9326"}],"version-history":[{"count":1,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/9326\/revisions"}],"predecessor-version":[{"id":9328,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/9326\/revisions\/9328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media\/9327"}],"wp:attachment":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media?parent=9326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/categories?post=9326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/tags?post=9326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}