Abdul Samad Rabiu Retains BUA Foods Chairmanship; ₦28 Final Dividend Approved

At the fifth Annual General Meeting of BUA Foods Plc, held on July 15, 2026, at the Transcorp Hilton Hotel in Abuja, shareholders officially approved a final dividend of N28.00 per ordinary share for the 2025 financial year.

According to an official statement released by the Company Secretary, Oluseye Alayande, investors reviewed and accepted the company’s Audited Financial Statements alongside the comprehensive reports from the Directors, Auditors, and the Audit Committee for the period ending December 31, 2025.

A key highlight of the meeting was the overwhelming endorsement of corporate leadership. Shareholders voted to re-elect Alhaji Abdul Samad Rabiu as Chairman, alongside Mrs. Oluyemisi Lowo-Adesola as a director, after both retired by rotation and offered themselves for re-election.

Furthermore, the assembly granted the necessary authorizations to the Board of Directors to establish the remuneration for the company’s external auditors for the upcoming financial year ending December 31, 2026.

In a final wave of approvals, shareholders also greenlit the compensation packages for both the company’s managers and its Non-Executive Directors for the 2026 financial year.