Nigeria, Feb. 6 -- UAC of Nigeria Plc (UACN) has appointed Khalifa Biobaku, who has been vice chairman at the conglomerate since last June, as the chairman of its board of directors.

Mr Biobaku succeeds Dan Agbor effective from 5 February, a regulatory filing stated on Wednesday.

Mr Agbo held the position for nine years.

"In his capacity as Vice Chairman, he was a member of UAC's Risk Management Committee, UAC's Governance and Remuneration Committee and UAC's Statutory Audit Committee," the statement said.

"He played a strategic role in enhancing risk management and governance, contributing to improved operating performance and key financial metrics" in that role, the statement added.

Mr Biobaku holds an M.Eng degree in Engineering, ...