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.
Source: africa.businessinsider