Ellah Lakes Plc (ELP) appoints new Managing Director

Must Read

TAJBank Launches Nigeria’s 2nd Non-Interest Financial Institution (Photos)

Abuja Nigeria   December 2nd 2019, TAJBank, Nigeria’s second Non –Interest financial institution, has announced the launch of its services...

Buhari appoints new FIRS chairman

President Muhammadu Buhari has named Mr. Muhammad M. Nami as the new chairman of the Federal Inland Revenue Service. He...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -
- Advertisement -

Ellah Lakes Plc today declared the approval of Mr Chuka Mordi as Managing Director, active June 12th, 2019. Mr Mordi takes over from Mr Frank Ellah, who moves on to new pursuits. The appointment was made at a board meeting of the company on June 12th 2019 and follows the board’s agreement to a business combination with Telluria Limited which would strengthen Ellah Lakes’ balance sheet, restore customer confidence, provide access to new markets while enhancing operations that will ultimately drive profitability and deliver value to shareholders.

Prior to this appointment by Ellah Lakes Plc, Mr Mordi was a Director in Telluria and the Managing Partner of CBO Investment Management.

Commenting on his appointment, Mr Mordi said: “I am very excited to be taking up the position of Ellah Lakes Managing Director. The combination of Ellah Lakes and Telluria establishes a platform with a significant existing land portfolio, access to finance and investments in the domestic production of oil palm, & a variety of cash crops. I look forward to an exciting future as we put Ellah Lakes back on a path to growth.”

Read:  Ellah Lakes Plc Announces Resignation of Mr. Wole Onasanya as Chief Financial Officer

Mr Mordi has an impressive track record across all segments of finance both in Nigeria and the United Kingdom. He has over two and a half decades of experience in private equity investing, investment banking, and investment research.

Mr Mordi has been responsible for oversight of the CBO’s management and investment activities and currently sits on the boards of CBO portfolio companies. In addition, Mr Mordi led the firm’s efforts in publishing and distributing proprietary Africa macro and sector research, producing investment conferences, and developing active CSR programs.

Read:  NNPC Restores Escravos - Lagos Pipeline, Resumes Gas Supply

Mr Mordi began his career as an Equities Analyst at SBC Warburg, before moving to Hardman & Co. Ltd. where he focused on UK AIM stocks. At InterSec Research Corp. he led the Global Investment Management Research Team for Europe (UK) & the Far East (Japan & Singapore).

Read:  Union Bank Unveils 40 Women-In-Business ‘Enterprise And Leadership Programme

At Societe Generale Asset Management (SGAM) the UK, he covered European Emerging Market Equities and worked on Asset Allocation and Economic Analysis. Prior to launching CBO Investment Management in 2009, Mr Mordi was Head of Infrastructure Financing at First City Monument Bank.

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Kerry Logistics Secures Accolades at The Asset ESG Corporate Awards for the Second Consecutive Year

HONG KONG, CHINA - Media OutReach - 9 December 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) has for...

MTN Foundation Equips Music Scholars

MTN Foundation, the CSR vehicle of MTN Nigeria has collaborated with the Musical Society of Nigeria, (MUSON) School of Music to host students and...

Airtel Kicks off ‘Five Days of Love’ Annual Initiative in Lagos, Feeds Over 2,000 Persons in Oshodi (Photos)

Leading telecommunications services provider, Airtel Nigeria has kicked off its annual Christmas feeding programme dubbed ‘Airtel Five Days of Love’ as it rolled out...

OPEC+’ Supply Cut: Implication for Nigeria?

Recently, the Organisation of Petroleum Exporting Countries (OPEC) - in its last meeting in 2019, reached a consensus with Russia and other allies, to...

More Articles Like This