PRESS RELEASE – LAGOS ANGEL NETWORK APPOINTS BOARD OF DIRECTORS

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LAGOS, 1st November 2015

The Lagos Angel Network (LAN) has announced the appointment of its inaugural Board of Directors comprising of seasoned industry experts and professionals.

Adedotun Sulaiman the Board’s Chairman is a renowned management consultant and expert in organizational development, enterprise transformation and business process reengineering. He retired as the Country Managing Director of Accenture in 2005 and currently chairs the board of several companies with a major emphasis on the emerging electronic payments industry and companies in the entrepreneurial stage.

Collins Onuegbu who is the Director in charge of Partnership & Sponsorship is founder and Executive Vice Chairman of Signal Alliance Limited, a leading player the Nigerian technology industry. He is also founder of SASWARE, a technology investment company that provides seed investment to early stage startups in the technology industry.

David Richards is the Memberships Director and a professional banker with several decades of experience across Africa. He co-founded Midas Merchant Bank and was its first Managing Director and was also the first Finance Director of the Niger Delta Exploration Company a position he held until his retirement in 2008. He is a specialist in raising venture capital for the Manufacturing, Mining, and Oil & Gas industries.

Dipo Adebo is Director responsible for the network’s Processes, Procedures & Compliance with best practices. He is the founder of DAA Architects, which specializes in Hospitality and Retail Design. He has undertaken several for major hotel management chains including Accor, Golden Tulip, Rezidor, and Hilton. He is a well respected Architect of Record for several major developments across Nigeria.

Tokunboh Ishmael who is responsible for the network’s Financial Management practices is a cofounder and Managing Director of Alitheia Capital, an investment management and advisory firm. She has advised on several acquisitions and also successfully raised over USD50m in funding in her previous roles as Managing Director of Avante Capital and Country Partner for Aureos Capital.

Segun Olukoya is Programmes Director with responsibility for co-ordinating the LAN Secretariat. He is a Partner and member of the founding team at Nextzon Business Services who specialises in corporate and competitive strategy development, business planning and set up with a focus on corporate governance and organizational restructuring. He is a member of the Investment Committee of the Vantage Guaranteed Income Fund and also sits on the Board of One Credit Limited.

Tomi Davies is the Director responsible for Awareness, Education and International Relations. He is the founder of TVC Labs, a technology business incubation organization and has been involved in the world of information and communications technologies for over 30 years. He sits on the Boards of various companies including Sproxil Nigeria, Baas Online Properties, MBO Capital, Strika Entertainment, TechnoVision Communications, MoMo Academy and PeoplePrime. He is also the founding President of the African Business Angel Network (ABAN).

According to Mr Sulaiman, who chairs the board, “We have pulled together a unique team of pioneers who will bring their knowledge, practical experience, passion and networks to support the realisation of our mission. We are in this for the long haul and have no doubt that our efforts will lead to the emergence of several transformational Nigerian businesses that will go on to become pan African champions in their chosen fields.”

About Lagos Angel Network

The Lagos Angel Network (LAN) is a “not for profit” entity that was formally incorporated in May 2015. It has been set up for the purpose of organizing individual Business Angels to collectively invest in the most promising start-up businesses in Lagos. It is the first organized members’ only network in Nigeria specifically created to provide entrepreneurs with funding, mentoring and access to business networks.

LAN is also member of the Global Business Angels Network and the National Lead Member for Nigeria.

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