FTN Cocoa taps Wale Jubril to steer board after chairman’s death

FTN Cocoa Processors Plc has appointed Otunba Wale Jubril as Interim Chairman of its Board of Directors.

Jubril’s appointment follows the death of its long-serving Chairman, High Chief (Sir) S.O. Oguntimehin, OON.

The development was disclosed in a regulatory filing issued on August 18, 2026, and signed by Opeoluwa Falase on behalf of the company’s secretaries, Alphagenasec Limited.

What they are saying

According to the disclosure, Oguntimehin passed away on March 30, 2026. The board paid tribute to the late chairman, acknowledging his leadership and contributions to the growth of the company.

To ensure continuity in governance and board leadership, directors approved Jubril’s appointment at a board meeting held on July 21, 2026.

The company stated that he will serve in an interim capacity pending the appointment of a substantive chairman in line with its Articles of Association and applicable regulatory requirements.

• “Following his demise and in order to ensure continuity in the leadership and effective governance of the company, the Board of Directors at its meeting held on Tuesday, 21st July 2026, approved the appointment of Otunba Wale Jubril as the Interim Chairman of the Board of Directors,” the company said.

Jubril brings decades of capital market experience

Jubril joins the role with more than three decades of experience spanning banking, corporate finance and the Nigerian capital market.

A Non-Executive Director of FTN Cocoa since 2015, he has played an active role in the company’s governance over the years.

He holds a Bachelor’s degree in Industrial Relations from the University of Lagos and earned three master’s degrees from the institution in Marketing, International Law and Diplomacy, and Economics.

Jubril qualified as an Authorised Dealing Clerk of the Nigerian Stock Exchange and…