Ikeja Hotels Plc names Theophilus Eniola Netufo as new acting CEO

The Board of Directors of Ikeja Hotels Plc has announced the appointment of Mr Theophilus Eniola Netufo as the acting Chief Executive Officer of the company. This followed the approval by the Securities and Exchange Commission (SEC) with effect from March 23, 2020.

The appointment was announced in a notification which was sent by the company to the Nigerian Stock Exchange (NSE) on March 26, 2020, and signed by Chisom Umeofia on behalf of Punuka Nominees Ltd, who act as the Company Secretary.

BRIEF PROFILE OF THEOPHILUS ENIOLA NETUFO

Netufo is a chartered accountant with over three decades of experience in accounting, auditing, taxation and general management services in Nigeria.

He started his career as an audit trainee and audit senior with S.S. Akemikhe and Co (Chartered Accountants). He was a financial accountant and later account manager with S.C. Johnson Wax Nigeria Ltd. He was also the financial analysis manager at Coca-Cola Nigeria Limited (Africa Division Officer).

He has worked as the Chief Finance Officer of Ikeja Hotel Group and more recently as the Chief Operating Officer of Ikeja Hotel Plc.

He is a fellow of the Institute of Chartered Accountant of Nigeria (ICAN), a fellow of the Chartered Institute of Taxation, a fellow of the Nigerian Institute of Management, fellow International Institute of Certified Forensic Accountants and also an active member of the Institute of Directors (IOD).

Ikeja Hotels was incorporated in 1972 and quoted on the NSE in 2007, controls a chain of hotels directly and through other subsidiaries and affiliates, including Tourist Company of Nigeria (TCN) Plc and Capital Hotel Plc., Ikeja Hotel, Sheraton Hotel, Ikeja, Lagos. TCN owns Federal Palace Hotel while Capital Hotel owns Abuja Sheraton Hotel. The Ibru family owns the single largest individual shareholding.