Heirs Holdings, one of Africa’s leading investment companies, has announced the appointment of two accomplished business leaders to its Board of Directors, marking a significant step in reinforcing corporate governance and strategic oversight.
The appointments of Obinna Ufudo and Sola Yomi-Ajayi as non-executive directors bring a wealth of experience in finance, energy, governance, and global markets to the boardroom. Their inclusion reflects Heirs Holdings’ ongoing commitment to excellence, innovation, and long-term value creation across its diverse investment portfolio.
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Sola Yomi-Ajayi is a veteran financial executive with over three decades of experience in senior leadership positions. She previously served as Executive Director of United Bank for Africa, where she led international operations and acted as Country CEO for UBA America. Her career spans leadership on multiple international boards and participation in global advisory and governance groups. Her extensive experience in strategic risk management, regulatory engagement, and corporate governance is expected to strengthen Heirs Holdings’ operational oversight and international engagement.
Obinna Ufudo brings more than 30 years of leadership experience in banking, investment, and corporate transformation. He previously served as Executive Director and Chief Operating Officer at Heirs Holdings and held senior positions including President and Group Chief Executive Officer of Transnational Corporation of Nigeria.
At Transcorp, he successfully led corporate turnaround initiatives and oversaw landmark acquisitions that expanded the company’s presence in the energy sector. Mr. Ufudo also has entrepreneurial and capital markets experience through his roles in Atiat Leasing Limited and LoanBook Limited, complementing his board-level expertise.
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Founder and Group Chair Tony Elumelu described the appointments as a reflection of Heirs Holdings’ commitment to the principles of Africapitalism, which emphasize the private sector’s role in driving sustainable economic and social wealth in Africa. He highlighted that the expertise and track records of the new directors will play a critical role in advancing the company’s strategic initiatives across the continent.
Heirs Holdings maintains a diversified investment portfolio spanning energy, power, financial services, technology, real estate, hospitality, and healthcare. The company has been a pioneer in private capital mobilisation in Africa, focusing on sustainable growth and value creation through disciplined investment strategies and robust governance structures.
The addition of Obinna Ufudo and Sola Yomi-Ajayi reinforces the board’s ability to guide the company through evolving market dynamics and strengthens confidence among investors and stakeholders. As Heirs Holdings continues to expand its impact across the continent, the new board appointments underscore the importance of strategic leadership, governance excellence, and a commitment to long-term value creation.
