OVERVIEW
Transcorp is committed to creating value and socio-economic impact.
The Transnational Corporation of Nigeria was incorporated on November 16, 2004 and is quoted on the Nigerian Stock Exchange with a current shareholder base of about 300,000 investors, the largest of which is Heirs Holdings Limited, a pan-African proprietary investment company.
We focus on acquiring and managing strategic businesses that create long term shareholder returns and socio-economic impact. Our business interests are in four strategic sectors: Power, Energy, Hospitality and Agriculture.
Our notable businesses include the award-winning Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar; Teragro Commodities Limited, operator of Teragro Benfruit Plant – Nigeria’s first-of-its-kind juice concentrate plant; Transcorp Power Limited which acquired Ughelli Power Plc, owner of the 972MW Ughelli Power Plant and Transcorp Energy Limited, operator of OPL 281.
OUR VALUES
Our Fundamental Beliefs
Our values make us who we are and drive us towards a common sense of purpose; to create long lasting value for our customers. They are;
Enterprise
What sets us apart from others is our willingness and determination to go the extra mile in exceeding set targets. We believe in individual and collective efforts to deliver exceptional service.
Execution
We are driven by the desire to deliver services in an outstanding and consistent manner. It is this distinctive attribute that makes Transcorp Plc hugely successful in driving long term growth.
Excellence
We have a burning desire to see things through to completion in a timely, effective and efficient manner.
THE PRINCIPLES OF AFRICAPITALISM
"Africapitalism is a call to action for businesses to promote development"
Africapitalism is a call to action for businesses to promote development in communities and nations they operate, which will ultimately help businesses become more profitable, provide a healthy and educated work force and create entrepreneurs who become suppliers and service providers.
ENTREPRENEURSHIP
Unlocking the power of individuals to create and grow their business ideas into successful companies.
LONG-TERM INVESTMENTS
Deploy patient capital that creates greater and broader economic value as opposed to merely resource extraction.
STRATEGIC SECTOR
Invest in sectors such as agriculture that deliver financial return as well as broader economic and social value.
DEVELOPMENT DIVIDEND
Conduct investments and business activity in a way that delivers returns to shareholders and stakeholders.
VALUE-ADDED GROWTH
Leverage local inputs such as human and financial capital to create high value supply chains.
REGIONAL CONNECTIVITY
Facilitate intra-regional commerce through development of cross-border infrastructure and policy consistency.
MGD
Multi-generational development focuses on investments and economic growth scheme that build value for future generations.
SHARED PURPOSE
Foster collaboration between concerned parties to create conditions that enable the African private sector.
THE TEAM
Board of Directors
Tony O. Elumelu, CON
CHAIRMAN
TONY O. ELUMELU, CON
CHAIRMAN
Tony O. Elumelu is an economist, investor, and philanthropist. Mr. Elumelu chairs the privately-owned investment rm, Heirs Holdings, and Nigeria's largest quoted conglomerate, Transnational Corporation of Nigeria Plc (Transcorp Plc). He invests across Africa, primarily in the oil and gas, financial services, hospitality and power sectors. His investments are informed by his philosophy of Africapitalism: the belief that the private sector can lead Africa's economic renaissance and that investment should create both economic prosperity and social wealth. Mr. Elumelu sits on several public and social sector boards including the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID's Private Capital Group for Africa Partners Forum (PCGA). He is the chairman of panAfrican financial services group, United Bank for Africa, with presence in 19 African countries, and offices in Paris, London and New York. He is also the founder of the Tony Elumelu Foundation, which has seeded $100 million through the Tony Elumelu Entrepreneurship Programme, to champion entrepreneurship across Africa over the next 10 years.
Valentine ozigbo
PRESIDENT/CEO
ADIM JIBUNOH
PRESIDENT/CHIEF EXECUTIVE OFFICER
Valentine Ozigbo is the President/ CEO of Transnational Corporation of Nigeria. Prior to this, he was the MD/CEO of Transcorp Hotels Plc. which owns Transcorp Hilton Hotel Abuja and Transcorp Hotels Calabar both in Nigeria. He is a banker and accountant with over 20 years’ experience in commercial, retail, investment and international banking.
Valentine is a graduate of Lancaster University, UK where he bagged a Distinction in M.Sc Finance. He also has an MBA in Banking & Finance and a B.Sc in Accounting both from the University of Nigeria (UNN).
Prior to joining Transcorp, Valentine was General Manager and Divisional Head in charge of Global Transaction Banking at Keystone Bank Plc, successor to Bank PHB. His remit covered product development, international business, global trade and eBusiness. Before then, he was the Divisional Head of International Banking and Head of Global Strategic Alliances at United Bank for Africa Plc. Valentine has also worked with FSB Int. Bank Plc (now Fidelity Bank Plc), Continental Trust Bank Ltd (now part of UBA) and Diamond Bank Plc.
He is a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.
EMMANUEL NNOROM
NON-EXECUTIVE DIRECTOR
EMMANUEL NNOROM
NON-EXECUTIVE DIRECTOR
Emmanuel N. Nnorom is the Group Chief Executive Officer for Heirs Holdings Ltd. Prior to this, he was the President/CEO of Transcorp Plc, a position he held from September 2014 to May 2017. Mr. Nnorom served as the President/Chief Operating Officer of Heirs Holdings Group. He has also served as CEO of UBA Africa, overseeing United Bank for Africa's operations outside Nigeria and executing corporate strategy in 18 African countries. His other senior roles within UBA included Group COO, followed by his appointment as UBA's Group CFO, with responsibility for Finance and Risk. He is a qualied chartered accountant and has over three decades of professional experience in the corporate and financial sectors, working with publicly listed companies. He is an alumnus of Oxford University's Templeton College, a Prize winner and Fellow of the Institute of Chartered Accountants of Nigeria.
STANLEY LAWSON
NON-EXECUTIVE DIRECTOR
STANLEY LAWSON
NON-EXECUTIVE DIRECTOR
Dr. Stanley I. Lawson holds both an M.Sc. degree in Petroleum Geology and an MBA in Finance from the University of Ibadan. He is the Managing Partner of Financial Advisory and Investment Consultants, an oil & gas sector focused financial advisory services firm. He is a widely-respected expert with multidisciplinary professional experience spanning over three decades in the energy and financial sectors. He spent the early years of his career as a Resident Geologist/Drilling Engineer after which he proceeded to the Banking/Finance Industry where he spent over 17 years rising to the position of Managing Director/Chief Executive of African Express Bank in 2003. Dr. Lawson also served as Group Executive Director, Finance and Accounts at the Nigerian National Petroleum Corporation (NNPC), a position he held for almost five years. He had core responsibilities for funding, budgeting and cash flow planning. Dr. Lawson has attended several international leadership and management courses. He is presently concluding a doctoral programme at the University of Phoenix, Arizona.
OLUWATOYIN F. SANNI
NON-EXECUTIVE DIRECTOR
OLUWATOYIN F. SANNI
NON-EXECUTIVE DIRECTOR
Also known as Toyin, she was Group Chief Executive Officer at United Capital Plc (alternate name UBA Capital Plc) from January 2014 until June 30, 2018. Mrs. Sanni served as Managing Director and Chief Executive Officer of Capital Trustees Limited (UBA Trustees Limited), a subsidiary of United Capital Plc. She has over 25 years experience in Investor services, Law and Finance. She was a Council Member of the Institute of Chartered Secretaries and Administrators Nigeria, a Fellow and Vice President of the Association of Pension Funds of Nigeria (APFN), an Associate of the Institute of Directors Nigeria and President of the Association of Corporate Trustees Nigeria. She has been Director at United Capital Plc since January 13, 2014. She has served on various committees and boards including the National Bond Steering Committee, the West African Capital Markets Integration Technical Committee and as Chairperson of the Custody Sub-Committee of the Capital Market. Prior to joining the United Capital Group, she had set up and run successful Trustee, Asset Management and Leasing businesses. She is a frequent speaker at various Seminars and Workshops, including International Investor Services events and conferences, Howard University Africa Business Conference Washington DC, the Global Custody Conference and the Network Managers Conference and has served as a part-time lecturer of Business Law and Pensions Trusteeship at the University of Lagos / APFN Post-graduate program. She is a Lawyer, Chartered Secretary and Stockbroker. Mrs. Sanni holds a Bachelor of Law degree from the University of Ife, a Masters degree, LLM (Hons) from the University of Lagos as well as a professional qualification of the I.C.S.A UK and the Chartered Institute of Stockbrokers (C.I.S) Nigeria.
OBI IBEKWE
NON-EXECUTIVE DIRECTOR
OBI IBEKWE
NON-EXECUTIVE DIRECTOR
She holds a Bachelor of Arts degree in International Relations from Tufts University, Medford, Massachusetts, U.S.A. and a Law degree from the University of Lagos, Nigeria. She was called to the Nigerian Bar in 1986. She also holds an MBA degree from the prestigious Ross School of Business, University of Michigan, Ann Arbor, U.S.A.
She has over two decades experience in Banking, holding key management positions spanning Credit and Marketing, Credit Risk Management, Human Resources and Customer Service. During her career, she worked in some of the largest banks in the country including, Diamond Bank Plc, Zenith Bank Plc and United Bank for Africa Plc from where she retired as an Executive Director in 2016.
Prior to her banking career, she practiced with the Law firm of Olaniwun Ajayi & Co., specializing in commercial law. She was also at Accenture as a member of the senior management team where she led various comprehensive planning, organizational and resource management improvement projects in the private and public sectors.
CHRISTOPHER EZEAFULUKWE
EXECUTIVE DIRECTOR
CHRISTOPHER EZEAFULUKWE
Christopher Ezeafulukwe the Group General Counsel and Head of Business Development. Holds an LL.B degree from the University of Lagos, a B.L (second class upper division) from the Nigerian Law School, an LL.M from the University of Lagos and another LL.M in Energy, Environmental & Natural Resources Law from the University of Houston, Texas. He is a member of the Nigerian Bar Association (NBA), Institute of Chartered Secretaries & Administrators of Nigeria (ICSAN), Association of International Petroleum Negotiators (AIPN) and Executive Council of Association of Power Generation Companies of Nigeria. With over 16 years working as an executive level professional, Chris has extensive experience in legal and transaction advisory and support services, as well as company secretarial and related practices. He has a strong background in in-house and external legal practice with a specialized ability to manage relationships with internal and external stakeholders.
Management Team
valentine ozigbo
PRESIDENT/CEO
Valentine Ozigbo
PRESIDENT/CHIEF EXECUTIVE OFFICER
Valentine Ozigbo is the President/ CEO of Transnational Corporation of Nigeria. Prior to this, he was the MD/CEO of Transcorp Hotels Plc. which owns Transcorp Hilton Hotel Abuja and Transcorp Hotels Calabar both in Nigeria. He is a banker and accountant with over 20 years’ experience in commercial, retail, investment and international banking.
Valentine is a graduate of Lancaster University, UK where he bagged a Distinction in M.Sc Finance. He also has an MBA in Banking & Finance and a B.Sc in Accounting both from the University of Nigeria (UNN).
Prior to joining Transcorp, Valentine was General Manager and Divisional Head in charge of Global Transaction Banking at Keystone Bank Plc, successor to Bank PHB. His remit covered product development, international business, global trade and eBusiness. Before then, he was the Divisional Head of International Banking and Head of Global Strategic Alliances at United Bank for Africa Plc. Valentine has also worked with FSB Int. Bank Plc (now Fidelity Bank Plc), Continental Trust Bank Ltd (now part of UBA) and Diamond Bank Plc.
He is a Fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.
CHRISTOPHER EZEAFULUKWE
EXECUTIVE DIRECTOR
CHRISTOPHER EZEAFULUKWE
EXECUTIVE DIRECTOR
Christopher Ezeafulukwe the Group General Counsel and Head of Business Development. Holds an LL.B degree from the University of Lagos, a B.L (second class upper division) from the Nigerian Law School, an LL.M from the University of Lagos and another LL.M in Energy, Environmental & Natural Resources Law from the University of Houston, Texas. He is a member of the Nigerian Bar Association (NBA), Institute of Chartered Secretaries & Administrators of Nigeria (ICSAN), Association of International Petroleum Negotiators (AIPN) and Executive Council of Association of Power Generation Companies of Nigeria. With over 16 years working as an executive level professional, Chris has extensive experience in legal and transaction advisory and support services, as well as company secretarial and related practices. He has a strong background in in-house and external legal practice with a specialized ability to manage relationships with internal and external stakeholders.
HELEN IWUCHUKWU
GROUP COMPANY SECRETARY
MRS HELEN IWUCKUWU
GROUP COMPANY SECRETARY
Helen Iwuchukwu is the Group Company Secretary of Transnational Corporation of Nigeria Plc (Transcorp). Consequently, she serves as Company Secretary to 4 active Companies within the Transcorp Group including Transcorp Hotels Plc and Transcorp Power Limited. Helen joined Transcorp Plc in 2006 and has held a number of sensitive and senior positions at Transcorp and its subsidiaries in different capacities. She was previously the Company Secretary / Legal Adviser for Transcorp Group from October 2009 to February 2012. She holds an LL. B. (Hons) degree in Law from Abia State University. She was enrolled as a Solicitor and Advocate of the Supreme Court of Nigerian in 1993 (BL Hons) and holds a Master of Laws degree (LL. M.) from Middlesex University Business School, London. She specialises in Employment Law. Helen is a member of the Nigerian Bar Association and has acquired 25 years of professional work experience both in Nigeria and the United Kingdom in legal advisory, corporate law, corporate governance, administration, human capital management and government relationship management.
MUTIU BAKARE
GROUP CHIEF FINANCIAL OFFICER
MUTIU ADEKUNLE BAKARE
GROUP CHIEF FINANCIAL OFFICER
Mutiu Bakare is an astute finance professional with over 15 years' experience in Finance Management. He holds a first-class degree in Accounting from Obafemi Awolowo University, Ile Ife, Osun state; an MBA from the University of Leicester, United Kingdom, as well as an M.Sc. (with distinction) in Finance and Investment from the University of Leeds, also in the United Kingdom. He is a fellow of the Institute of Chartered Accountants of Nigeria. Mutiu began his finance career in Akintola Williams Deloitte. He was the CFO of Afriland Properties Plc prior to joining Transcorp. He has also worked with KPMG Professional Services and Shell Nigeria Closed Pension Fund Administrators Ltd.
NAPOLEON ESEMUDje
DIRECTOR OF RESOURCES
NAPOLEON ESEMUDGE
DIRECTOR OF RESOURCES
Napoleon Esemudje is the Director of Resources providing group wide leadership for the shared services teams o f Human Resources, Facility Management and Administration, Marketing and Corporate Communication as well as Information Technology. He has over 19 years' experience in roles cutting across corporate, commercial banking, general and human resources management. Napoleon holds a B.Sc. and an MBA from the Universities of Ibadan and Lagos respectively as well as an M.Sc. (with distinction) from the University of Birmingham (UK) which he attended as a Chevening Scholar. He is also an alumnus of the Lagos Business School Senior Management Programme and has attended executive management/leadership programmes at the Wharton School, University of Pennsylvania, Kellogg School of Management, North Western University, as well as the Cranfield University, School of Management amongst several others. He is a member of the Chartered Institute of Personnel Management (MCIPM), a Certified Human Resources Manager (CHRM), an honorary senior member of the Chartered Institute of Bankers (HCIB) of Nigeria and a member of the Society for Human Resources Management.
CHINWEUGO NWAFOR
HEAD - INTERNAL AUDIT
CHINWEUGO NWAFOR
HEAD, INTERNAL AUDIT
Chinweugo Nwafor is an astute audit professional with close to a decade of experience in Controls, Risk and Asset Management. She holds a degree in Accounting from the University of Nigeria, Nsukka. She is also an Associate of the Institute of Chartered Accountants of Nigeria. Chinweugo possesses a wealth of experience in Governance, Risk , Control and Compliance as well as financial management. She began her career in Ecobank and has also worked extensively with KPMG Professional Services and ARM Investment Managers where she served as the Head, Internal Audit and Control for ARM Life Plc. prior to joining Transcorp.
ALEXANDER ORAKWUSI
HEAD - MARKETING & CORPORATE COMMUNICATIONS
ALEXANDER ORAKWUSI
HEAD - MARKETING & CORPORATE COMMUNICATIONS
Alexander is the Head of Marketing & Corporate Communications at Transnational Corporation of Nigeria Plc. He has over 10 years of Marketing Communications, Advertising and Public Relations professional experience in Nigeria and the United States.
Before Joining the Transnational Corporation of Nigeria, Alexander was a multiple award-winning creative director in the Nigerian Advertising Industry. He had successfully secured numerous awards in Nigeria and South Africa in recognition of creative excellence and exceptional insight on what makes the general public tick. He polished his craft working for notable advertising agencies including JWT Nigeria and SO&U Saatchi & Saatchi.
He attended Michigan State University and The City University of New York, where he graduated with a BA in Political Science (Government & Politics). Alexander is also a Mentor of the Tony Elumelu Foundation.
Subsidiary CEOs
Owen omogiafo
CEO, TRANSCORP HOTELS PLC
OWEN OMOGIAFO
CEO, Transcorp Hotels Plc
Owen Omogiafo is the MD/CEO of Transcorp Hotels Plc. where she is responsible for driving positive transformation in Transcorp Hilton Abuja and Transcorp Hotels Calabar.
Prior to joining Transcorp Hotels Plc, Owen was the Executive Director, Corporate Services at Transnational Corporation of Nigeria Plc (Transcorp) where she drove operational efficiency across the Transcorp Group.
In addition, Owen Omogiago was the Chief Operating Officer at the Tony Elumelu Foundation, where she oversaw the $100m Entrepreneurship Programme aimed at identifying, mentoring, funding and training 10,000 entrepreneurs over 10 years. She has also been the Director of Resources at Heirs Holdings, a family owned investment company committed to improving lives and transforming Africa.
Prior to Heirs Holdings, Owen was a staff of the United Bank for Africa, where she worked as the HR Advisor to the GMD/CEO, who at the time was Mr. Elumelu. She has also functioned as his Chief of Staff, with responsibility for his Executive Office and overall efficiency.
Before she joined UBA, Owen worked with Accenture as an Organisation and Human Performance Consultant, specializing in Change Management. She is a certified Change Manager (Prosci Institute of Change Management, US) and a member of the Chartered Institute of Personnel and Development, UK. She holds a B.Sc. (double honours) in Sociology and Anthropology from the University of Benin and an M.Sc. in Human Resources from the London School of Economics and Political Science. She is also trained at the Harvard Business School (HBX), possessing a Certificate in Disruptive Strategy with Clayton Christensen.
Owen has been named as a Nigeria 40 under 40 by YNaija! and was in 2018 recognised by The Guardian as one of Nigeria’s 100 most inspirational women.
TONY CHUKWUEKE
DIRECTOR, TRANSCORP ENERGY
TONY CHUKWUEKE
DIRECTOR, TRANSCORP ENERGY
Tony Chukwueke is responsible for leading a team of specialists to develop the Company's Energy Portfolio including the acquisition of the 972 MW capacity Ughelli Power Plant. He has over 35 years global oil and gas experience in the upstream and downstream sectors. He holds a B.Sc. in Physics, an M.Sc. in Applied Geophysics and a Ph.D. in Geology, all from the University of Nigeria Nsukka. Tony is also the Technical Director of Tenoil Petroleum and Energy Services, an indigenous Nigerian Oil and Gas exploration and production firm wholly owned by Heirs Holdings. He provides support and consultancy services.
KALYANA SUNDARAM
CEO, TRANSCORP POWER LIMITED
KALYANA SUNDARAM
CEO, TRANSCORP POWER LIMITED
Kalyana Sundaram holds a Diploma in Mechanical Engineering from Government Polytechnic College, Coimbatore, India, a Bachelor's Degree in Mechanical Engineering from the Institution of Engineers, Calcutta, India and an MBA in Advanced Operations Management from the University Technical, Malaysia. He is a certified Boiler Operation Engineer from Boiler Inspectorate, Madras and a certified Energy Manager from Aptech Computer Education, India. He has over 3 decades of experience in power plant operations and maintenance spanning several continents and across multiple industries. Prior to joining Transcorp Power Limited, he was Plant Head overseeing the Operations and Maintenance of Power blocks for Sogex Oman India, 726 MW CCPP, Tripura, India.