- Mr Rabiu resigned from his father’s company less than a year after he was appointed Executive Director.
- The company gave no reason for his sudden resignation.
- He joined BUA Foods in 2019, shortly after he graduated from the University of Hertfordshire.
Naziru Isyaku Rabiu has resigned from the board of BUA Foods Plc, one of Nigeria’s largest food production companies.
A brief statement by the company explained that the resignation took effect on August 17, 2022. However, the statement did not give any reason for the unexpected resignation.
Part of the statement, which was filed with the Nigerian Exchange (NGX) where the company’s shares are listed, said:
“BUA Foods Plc (the Company) hereby notifies the Nigerian Exchange Limited and the investing public of the resignation of Isyaku Naziru Rabiu as a Director on the Board of Directors of the Company with effect from 17th August 2022.”
Naziru is one of the children of Nigerian billionaire industrialist Abdul Samad Rabiu. The young professional, who holds a bachelor’s degree in Business Economics from the University of Hertfordshire, held the position for less than a year. Specifically, he was appointed to BUA Foods’ board of directors as an Executive Director (ED) in November 2021.
Before he was appointed an ED, he held other positions within the conglomerate, including Commercial Director and Business Development Officer.
Naziru had also briefly worked as a business analyst at Seplat Petroleum Development Company Plc, one of Nigeria’s leading indigenous oil exploration firms.
Do note that BUA Foods Plc is one of the subsidiaries of BUA Group, a diversified conglomerate with operations in different sectors of the Nigerian economy.
Among BUA Foods’ business ventures are sugar production, flour milling, edible oil production, and rice production.
Abdul Samad Rabiu, Naziru’s father, currently serves as the Chairman and Chief Executive Officer of BUA Group.
