United Capital plc names Shedrack Onakpoma as new CFO

United Capital plc names Shedrack Onakpoma as new CFO

The management of United Capital Plc has announced the appointment of Shedrack Onakpoma as the company’s new Chief Finance Officer (CFO).

This announcement was confirmed in a notice sent to the Nigerian Stock Exchange (NSE) and the company’s esteem shareholders.

Shedrack Onakpoma was formerly the Chief Finance Officer at Heirs Insurance Limited.

United Capital said his appointment was necessitated as a result of the resignation of Mrs Odiri Oginni, the Group Chief Financial Officer.

He spent about 5 years with Union Assurance as a Principal Manager, and Head of Accounts and Strategic Management Office. As Management Staff of Union Assurance Company Limited He successfully Implemented the Balanced Scorecard and successfully transited the Company from Local GAAP to IFRS.

He began his Insurance career at Industrial and General Insurance Company Plc, as Assistant Manager and rose to the position of Chief Finance Officer (CFO), Industrial General Insurance, Ghana (A subsidiary of IGI Plc, Nigeria) after a stint with Nigeria Wire Industry Plc (One of the foremost Nail Manufacturing Company in West Africa) where he rose to the position of an Assistant Manager.

A Fellow of the Institute of Chartered Accountants of Nigeria and an Economist, with over Seventeen years experience and Ten Years at Management level with vast insurance exposure within Nigeria, Ghana and East Africa. He is also a Professional Balance Scorecard Expert.

He has acquired vast exposure in Financial Management, Business Planning, Mergers & Acquisition, Business Combination and Restructuring within West Africa and East Africa.

Shedrack Onakpoma is a graduate of Economics from Olabisi Onobanjo University – Ago-Iwoye, Ogun state, Nigeria. A Fellow Chartered Accountant (FCA ICAN, Nigeria), An Associate Licensed International Financial Analyst (LIFA) and also a Certified Balanced Scorecard Professional.