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Notice of AGM: Livestock Feeds Plc Annual General Meeting comes up on Thursday 22nd July 2021

NOTICE IS HEREBY GIVEN THAT the 56 ANNUAL GENERAL MEETING of the Members of LIVESTOCK FEEDS PLC will be held at 1,Henry Carr Street Ikeja Lagos State on Thursday 22nd July, 2021 at 10.00am to transact the following businesses:

ORDINARYBUSINESS

  1. To lay before the Members, the Report of the Directors, the Financial Statements of the Company for the year ended December 31, 2020 together with the Reports of the Auditors and the Audit Committee thereon.

  2. To re-elect the following Directors retiring by rotation:
    i. Dr. Joseph Ibrahim Dada
    ii. Mr. Abayomi Adeyemi

  3. To elect Mrs. Bolarin Okunowo as a Non-Executive Director

  4. To appoint new External Auditors.
    Special Notice is hereby given for the appointment of KPMG Professional Services as External Auditors of the Company to replace Ernst&Young who resigned from the Company with effect from March 31, 2021.

  5. To authorize the Directors to fix the remuneration of the Auditors for the financial year ending 2021.

  6. To elect members of the Statutory Audit Committee

  7. To disclose the Remuneration of Managers of the company

    SPECIALBUSINESS

  8. To fix the remuneration of the Directors

  9. To renew the general mandate given to the Company to enter into recurrent transactions with related parties.

    Dated this 17th day of May 2021
    BY ORDER OF THE BOARD

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Aliyu Akemokwe

Operations Manager

Mr. Akemokwe is a seasoned Engineer.

He started his career at Livestock Feeds Plc. as a UACN management trainee in September 2017. Ever since he has held several critical positions as Utility Engineer as well as Production Manager. He rose to the position of Mill Manager in 2019 and in 2021 he became Operations Manager. He is currently the Operations Manager overseeing the management of the mills across the nation and driving the Operational strategies of the business. 

He graduated from Ahmadu Bello University, Zaria where he studied Electrical Engineering. 

Taiwo Ogunbowale

National Sales & Marketing Manager

Mr. Ogunbowale is a passionate salesman. He Joined Livestock Feeds Plc in 2008 as an Area Sales Representative. He became the Area Sales Manager, covering the North in 2014 and was instrumental to the development of the company’s brands across the region. He is currently the National Sales and Marketing Manager responsible for driving the Sales and Marketing Strategies of the business. 

Taiwo holds a Bachelor degree in Agriculture from the University of Agriculture Abeokuta, Ogun state.

Taiwo is well experienced in market development, customers engagement, relationship management and strategy formulation. He has a broad knowledge of the Nigeria Livestock industry. 

Temitope Omodele

Non-Executive Director

Mrs. Temitope Omodele is a finance professional with over 15 years of experience. She is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of Chartered Certified Accountants (ACCA). She holds an MBA from Lagos Business School, a BSc. in accounting from the University of Lagos and a diploma in IFRS.

She started her career at KPMG Professional Services where she provided technical accounting, audit and assurance services to Companies in multinational and local entities in various sectors. While at KPMG, Temitope was seconded to the Department of Professional Practice in KPMG Inc. South Africa. On her return to Nigeria, she, along with other team members, pioneered the Department of Professional Practice for KPMG Professional Services Nigeria.

Temitope joined UAC of Nigeria PLC in September 2020 as its technical accounting and reporting lead and now serves as Senior Vice President, Finance with responsibility for overseeing the finance operations of the Company, group reporting, providing strategic accounting and tax advice, and supporting its corporate finance and investor relations teams.

Mrs. Omodele joined the Board of Livestock Feeds on 26th October 2022 and she is a member of the Board of Governance and Remuneration Committee. 

Environmental sustainability programs

Livestock Feeds Plc has embarked on different initiatives in creating a more environmentally conscious workplace and developing a company culture through eco-friendly policies.

Community Development Projects- supporting Lagos State Retirees

Livestock Feeds Plc has supported Lagos state retirees with basic poultry tools as Lagos state retirees are equipped with entrepreneurial skills in Fish, Poultry, and snail farming. The aim is to ensure a seamless kick off the micro-scale poultry farming. According to Director, Post Service Department, Office of the Head of Service, Mrs Bukola Durodola, said with the support given to retirees will in no doubt equip them and drive the eagerness to commence their business which will in turn help them earn income and keep them busy.

Small Farm Holding for Sanngo Senior Secondary School.

At Livestock Feeds PLC, Corporate Social Responsibility (CSR) is fully integrated into our strategic business model. One of LSF Corporate Social Responsibility (CSR) initiatives, is demonstrated in its commitment to support the educational sector in Nigeria.

The CSR initiative is the provision of a Small Poultry Farm Unit for Sanngo Senior Secondary School, Agege, Lagos State. This initiative aims to equip students with the basic skills and management techniques involved in rearing poultry in animal production as well as prepare them for further studies and future occupation in Agriculture in Nigeria.

Apart from the provision of the poultry farm which consist of one Hundred (100) Layer Birds, there will be constant supply of livestock feeds for optimal growth and development as well as above 95% egg production.

The Clean Water Initiative- Aba CSR

Project Overview
As part of a deliberate approach to societal development, Livestock Feeds Plc has successfully implemented a Clean Water Initiative for over 120,000 residents in Eziama community in Aba North Local Government Area, Abia state, Nigeria. The initiative, which will be commissioned on November 18th, 2021, is aimed at providing clean water for the residents through the implementation of a mechanized borehole while addressing the Sustainable Development Goal (SDG) of access to clean water by 2030.

Over the years, access to clean water had always been a challenge for the people of Eziama community. The community has been exposed to several health risks which are associated with the use of unclean water from a river. The people would often travel a long distance (about 2km) by foot to the neighbouring village to fetch water from the river during the dry season. The same river is used by nomads in the area to wash and feed their animals thus contaminating it for use. Our objective was therefore to tackle this issue in a sustainable way and provide relief to the community.

After several visits and consultations with key stakeholders, LSF has successfully set up the community’s first mechanized borehole which will ensure that safe and clean water is accessible to every member of the Eziama community.

Project Approach
The mechanized borehole constructed by Livestock Feeds Plc has two strategic fetching points for easy accessibility by the members of the Eziama community. With the technical expertise of the LSF engineering team, they have ensured that the borehole project meets all regulatory standards. The boreholes will be electrically powered by LSF to ensure that the overhead tanks are continuously filled with water and electric consumption is environmentally sustainable.

Rose Hamis

Company Secretary

Mrs. Rose Joshua Hamis has served as Company Secretary of Chemical and Allied Products Plc since January 1, 2014.

She holds a Bachelor of Law (LLB) degree from Ahmadu Bello University, Zaria, and received a Bachelor of Law (LLB) degree from the Nigerian Law School, Lagos, in 1999. She obtained her Masters degree in Law from the University of Lagos in 2013. She is an Associate Member of the Institute of Chartered Secretaries and Administrators, London and Nigeria.

She started her working career as a Legal Officer and Assistant to the Company Secretary/Corporate Affairs Manager of Costain (West Africa) Plc from 2001 to August 2004 and joined UACN Property Development Company Plc (UPDC) as a Manager, Registrar of Titles from September 2004 to January 2006. She was a Legal Advisor of UPDC from January 2006 to June 2006 and was later transferred to the Group Legal Department of UACN Plc in January 2007 as Litigation and Claims Manager.

She became the Secretary Services Manager in July 2011 and in that capacity, she is the Company Secretary to MDS Logistics Limited, UAC Restaurants Limited, Warm Spring Waters Nigeria Limited, Spring Waters Nigeria Limited, UPDC Hotels Limited and Unico CPFA Limited. She was formerly Company Secretary of UAC Registrars Limited and Opticom Leasing Company Limited.    

Chiamaka Uwaegbute

Non-Executive Director

Mrs. Chiamaka Uwaegbute is an experienced finance professional with a demonstrated history of working across the investment industry value chain as both an external consultant/deal adviser and a deal originator/portfolio manager. She is a charter holder of CFA Institute. She holds a BSc in Economics from the Veritas University Abuja and MSc Development in Economics from SOAS, University of London, United Kingdom.

 

She started her career at PwC as an Audit Associate and then Corporate Finance Associate. She also worked at Nestoil Ltd as acting head of Corporate Finance of Century Power Generation Ltd, a subsidiary of Nestoil Limited.

Chiamaka joined UAC of Nigeria PLC (“UAC”) in July 2021 as an Investment Associate and is currently a Vice President, Investment at UAC. Her responsibilities at UAC include portfolio management, deal origination, executive and strategy review, and development.

 

Mrs. Uwaegbute joined the Board of Livestock Feeds on 21st July 2023.

AQUAMAX FISH FEED

Aquamax extruded Fish Feed is a product carefully formulated with the choicest wholesome materials blended in the right proportion to support optimum growth and weight gain of African Catfish. We offer Aquamax in 5 different pellet sizes for different developmental stages of catfish.

CHICK MASH

Formulated to give your pullet chicks rapid growth. It is recommended for chicks from day old to 6 -8 weeks depending on the recommended weight

LAYER MASH

Corn-soya based ration, formulated to get the best out of your laying birds. Guarantees to give you high HDP with large eggs size and golden yolk!

GROWER MASH

Formulated to help prepare your pullets for the laying stage. It contains right quantity of calcium and phosphorus to help the pullet in initiating egg formation

BROILER FINISHER MASH

It is well formulated to give the birds bigger breast meat. It is mostly suitable for birds intended for long term rearing

BROILER STARTER MASH

Hygienically produced with highly digestible feedstuffs to help consolidate on the rapid growth of your broiler chicks. This is your best bet for high carcass yield with lean meat at the shortest time possible. Super finisher should be used from the 4th week to table size.

SUPER BROILER STARTER MASH

Professionally formulated to give your broiler chicks the top-notch growth rate by supplying all the needed nutrients in the right quality and quantity at a competitive price

Book an Order

Wole Adeleke

Quality Assurance Manager

Mr. Adeleke has over a decade experience in manufacturing and is competent at providing consistent quality production by enforcing good, automated manufacturing practices and validating processes.

Adeleke joined Livestock Feeds Plc in 2011 as a Quality Assurance Officer for Aba Mill. He was moved to Operations Department as a Production Superintendent for Aba same year. In 2015, he was transferred to Head Office as the Nutrition Officer.


He was appointed the Acting Quality Assurance Manager in September 2018 and subsequently, became the Quality Assurance Manager.
He obtained B. Agric in Agriculture from the University of Ilorin in 2004 and MBA in Agribusiness from Federal University of Agriculture, Abeokuta, Ogun State.

Adeleke enjoys reading at his leisure time.

Adekunle Adepoju

Chief Financial Officer

Mr Adepoju is a professional Accountant with over 2 decade years of wealth of experience in managing financial operations and management.

He joined the Company in March 2007 as Management /Treasury Accountant and rose to the position of Financial Accountant in April 2012. Currently, he is the Chief Financial Officer of Livestock Feeds Plc.


He graduated from University of Ilorin in 1996 with B.Sc. Agric and MBA from OAU, Ile- Ife in 2012. He became an Associate member of the Institute of Chartered Accountant of Nigeria (ICAN) in 2006. He is also an Associate member of Chartered Institute of Stockbroker of Nigeria (CIS).

Daisy Ekekwe

Human Resources Manager

Ms. Daisy is a seasoned Human Resource Manager with a passion for cultivating  inclusive  and thriving workplace culture. With over a decade of experience , she started  her career  journey as a HR officer at the BUA Sugar Refinery where she rose to the role of the Group Payroll Manager. 

In 2019, she joined the UACN and  transitioned to the role of Human Resource Business Partner. On this role she supported the leadership team excellently on Recruitment, Learning and Development and implementation of customized HR operations and policies. 

In 2020, she assumed the role of Human Resource Business Partner at Livestock Feeds Plc.  She played a key role in aligning Sales  and Operations with  HR initiatives to drive performance and collaboration.  This she did up until April 2024. 

She holds a Degree in Management Information Systems from Covenant University, Ota.  She is also SPHRi certified by the Human Resources Certification Institute In Virginia, USA where she volunteers as a Subject Matter Expert.  

Olufemi Omogoye

Supply Chain Manager

Mr. Olufemi is an innovative professional with over 2 decades of robust experience in delivering lean and agile supply chain optimization.

He was employed as a Sales Representative in Grand Cereals Limited in 2000 and was later transferred to UAC Foods in 2005 on the same position. In 2006, he was moved to Grand Cereals Ltd as Regional Manager Lagos West & North, a position he held till 2009 when he was made Sales Operation Manager between 2009 – 2010. He was the Customer Service Manager of MDS Logistics, GCL Operation in Jos before, he was appointed as the Supply Chain Manager in Livestock Feeds Plc on September 2014.


Mr. Olufemi holds a B.Agric (Agric. Economic) from University of Agriculture, Abeokuta and is an Associate member of Nigerian Institute of Marketing.

Abayomi Adeyemi

Director

Mr. Yomi Adeyemi is a graduate of Mathematics / Statistics with over eighteen years of diverse finance industry experience in Corporate & Investment Banking, Stockbrokerage and Asset Management. He is a Fellow of both the Chartered Institute of Stockbrokers and Institute of Chartered Accountants of Nigeria. He is also a CFA Charter holder and an alumnus of the Lagos Business School Executive Programme. He has over the years attended various training programmes in finance, leadership and governance in Ivy League institutions including the Harvard Business School.

He started his career with Merchant Bank of Commerce (MBCOM) in 1998. He left in 2000 to join the Corporate Banking Division of Lead Merchant Bank. Whilst at Lead Bank, he also worked in the Investment Banking Group that was responsible for various landmark capital market transactions. He was later seconded to the brokerage arm of the Bank (Lead Investments & Securities Limited) to revamp its dwindling fortune.

He joined Core Trust & Investment Limited as Group Head, Financial Advisory Group in 2004, a position he held till 2008, when he led a new group of investors to acquire controlling interest in Fortress Capital Limited (formerly Heritage Investment and Securities Limited) as the Managing Director.

Daniel Obaseki

Non-Executive Director

Mr. Daniel Obaseki has investing and operating experience across the food and natural resources sectors in Sub-Saharan Africa and broader emerging markets. Mr. Obaseki holds a B.A. in Philosophy from Dartmouth College and an MBA from the Massachusetts Institute of Technology (MIT).

Mr. Obaseki is the founder of Elevation Food Partners, an operating company focused on developing platform food companies in key markets across Sub-Saharan Africa through a combination of world-class international partners, purpose-built management teams, and long-term capital.

Prior to founding Elevation Food Partners, Mr. Obaseki was with Proterra Investment Partners, a leading natural resources-focused investment firm spun out of Cargill Inc. At Proterra, Mr. Obaseki was co-head of the Sub-Saharan Africa investment strategy for the firm’s solely emerging markets, food-focused private equity funds with c.$1.2bn in assets under management. Mr. Obaseki was previously the CCO of Valentine Chickens Limited, an integrated poultry company in Kwara State, Nigeria, and served on the Board of Country Bird Holdings, a leading integrated poultry company with operations across Sub-Saharan Africa. Mr. Obaseki spent the early part of his career in investments in the natural resources and agribusiness sectors at the International Finance Corporation and Tradewinds Global Investors.

Mr. Obaseki joined the Board of Livestock Feeds Plc on 16th April 2019.

Adebolanle Badejo

Non-Executive Director

Mr. Adebolanle (Debola) Badejo is a results-oriented investment professional experienced in advising companies on strategy, corporate finance, and capital allocation. He currently serves as an Investment Executive at UAC of Nigeria Plc (UAC) where he is responsible for managing the Group’s interests in the Food and Beverage sectors. He currently serves as a Non-Executive Director at UAC Foods Limited and UAC Restaurants Limited.
Debola is also a Principal at Themis Capital Management (Themis), an active investment company focused on concentrating capital, talent, and expertise on a select number of long-term investments in companies that will benefit from Africa’s demographic trends.

Prior to joining Themis in 2018, Debola spent over 10 years as a Corporate Finance Executive in various leading investment banks, including Standard Bank in Lagos, London, and Johannesburg, where he executed Mergers & acquisition, restructuring and capital raising transactions across Sub-Saharan Africa; and Morgan Stanley in New York, where he worked on multi-billion dollar transactions for large corporates across North America.

Debola graduated with a B.Sc in Systems Engineering from the University of Virginia in May 2008 and holds MBA degrees from both Columbia Business School and London Business School through the schools’ Joint Global Executive MBA program.

Adegboyega Adedeji

Managing Director

Mr. Adegboyega Adedeji is the Managing Director and Chief Executive Officer (MD/ CEO) of Livestock Feeds Plc. Prior to his appointment, Mr. Adedeji was the General Manager, Sales and Operations and played a pivotal role in the expansion of the Company’s market position as well as development of new products. He has held several managerial positions within the UACN Group.

In 2001, he worked as the Regional Sales Manager in Grand Cereals Limited and became the Procurement Manager a year later. He was moved to the Group Office in 2007 as the Training Service Manager – a position he held until 2009 before assuming the role of the Franchise Sales Manager at UAC Restaurant Limited between 2009 and 2010.

He was on the management team of UAC Foods Limited as the National Sales & Marketing Manager in December 2010 and ultimately became the Sales Operations Manager in 2013 after the merger with South African food brand – Tiger Foods.

He holds a bachelor’s degree in Geography from Obafemi Awolowo University (Ile Ife) and a Master of Business Administration from the University of Roehampton, United Kingdom. He has attended leadership courses at top global and local business schools. He loves football and travelling.

Joe Dada

Chairman

Mr. Dada graduated from Ahmadu Bello University, Zaria with a B.Sc (Hons) in Economics. He also holds a Master’s of Science Degree in Marketing Management from the University of Lagos. He is a member of Advertising Practitioners Council of Nigeria (APCON) and a Fellow of the National Institute of Marketing of Nigeria (NIMN).
He is an alumnus of the famous Kellog School of Management, North Western University, Illinois, USA.

He joined UAC of Nigeria Plc as a Management Trainee in September 1983. He worked variously as Factory Planning Manager, Brand/Export Manager and Market Research/Media Manager with the then A J Seward Division of UACN.

He later worked with UAC Export as Export Business Manager and subsequently, with UAC Foods as Product Group Manager and Fast Foods/Marketing Services Manager.
Also at UAC Foods, he worked as Divisional Ice Cream Director, Divisional Frozen Foods Director and Acting Divisional Fast Foods Director.

He was the Managing Director of Grand Cereals Limited, a subsidiary of UACN, from 1999 to 2010 when he was elevated to the Executive Management of UAC of Nigeria Plc, Executive Director, Corporate Services with responsibility for Human Resource, Marketing and Strategy, a position he held till 31st December 2017.

He joined the Board of Livestock Feeds Plc as a Non-executive Director on February 8th 2013. Mr. Dada is also on the Board of a number of companies within the UAC group in a non-executive capacity. He is the current chairman of the board of Livestockfeeds Plc.