NASCON ALLIED INDUSTRIES PLC. Registered Office: Salt City, Ijoko-Ota, Ogun State. Business Office: 15 Ikosi Road, Oregun, Lagos State.
nasconcare@dangote.com | nascon.dangote.com
November 18, 2025 Lagos, Nigeria
Nascon Allied Industries Plc. ("the Company") hereby announces the resignation of Mr. Thabo Mabe as the Managing Director, due to him taking up another appointment within the Dangote Group. In line with succession planning, Mrs. Aderemi Saka (the Deputy Managing Director) has been appointed as the Managing Director, with effect from December 1, 2025.
Mrs. Saka is a seasoned executive with over twenty-six years of distinguished experience in Nigeria and the United States, working with multinationals and publicly traded corporations. She holds a Bachelor's degree in Accounting and a Master's in Business Administration with a concentration in International Business from Georgia State University, USA.
Mrs. Saka joined the Corporate Strategy team at Dangote Industries Limited in 2015, where she provided key insights in shaping the strategic direction and objectives of the Group. She subsequently joined the Company in 2016 as the Chief Financial Officer and thereafter was appointed as the Deputy Managing Director on 26 February 2025. During this period, she created an impressive track record of exceptional leadership, enhancing financial performance, boosting productivity, and strengthening internal controls which have been pivotal to the Company's success.
Her career also includes significant roles at Fortune 500 companies such as Verizon Communications, MCI Inc., and American Tower Corporation. In these positions, she honed her skills in Finance and Corporate Strategy, contributing to the growth and stability of these organizations. Her extensive expertise in managing financial risks and driving organizational performance exemplifies her capability to drive sustainable growth and innovation.
The Board is grateful to Mr. Mabe for his contributions over the years and wish him the very best in his new role. The Board is also confident that Mrs. Saka's expertise will further strengthen the Company's governance structure and contribute meaningfully to its strategic growth.
Thank you.
Oluseun Oluwole Company Secretary
Directors: Mr. Olakunle Alake (Chairman), Mr. Thabo Mabe (Managing Director) (South African), Mrs. Aderemi Saka (Deputy Managing Director),
Ms. Fatima Aliko-Dangote, Ms. Halima Aliko-Dangote, Mr. Abdu Dantata, Mrs. Ifeyinwa Ighodalo, Mrs. Tonya Lawani, Mr. Mahmud Tukur, Mrs. Fatima Wali-Abdurrahman