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UNION DICON SALT PLC
UNION DICON SALT PLC

Dicon Salt Limited was established in 1984. The Company was then a 60% – 40% joint venture between the Defence Industries Corporation of Nigeria (“DICON”) and its technical partners, AIMS of Brazil.By 1987, a small factory had been opened at Kirikiri Lighter Terminal in Lagos and Dicon Salt was importing bulk salt, doing some refining processes, and selling the product through the Company’s established network.

REGISTRATION NUMBER RC: 66062

Dicon Salt Limited’s factories were closed in 1988 after a price war, and were reopened, after nine (9) months. The months during which the Dicon factory was closed were used in upgrading the facilities. An ultra-modern salt laboratory was put in place for all analytical works and the company embarked on a search for producers of food-grade bulk salt.

The company merged with Union Salt Limited, and was incorporated in 1991 as Union Dicon Salt Ltd. The then private Company became a Plc and later sold its shares to the public. It was listed on the Nigerian Stock Exchange (“NSE”) on the 23rd of September, 1993.

As at today, Union Dicon Salt Plc. has an authorized share capital of N300 million corresponding to its 600,000,000 Units at 50k each.

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  1. LT. COLONEL T.O MIRI – DASHE (RTD) –           DIRECTOR

Lt. Colonel Miri-Dashe serves as a Director, Union Dicon Plc. He also sits on the Board of Bonny Allied Industries Limited, Oiltech Nigeria Limited, Neptune Nigeria Limited, T.Y. Ventures Limited and Best Trade Nigeria Limited. He was admitted to the Nigerian Defence Academy and commissioned a 2nd Lieutenant in 1975. Lt. Col Miri-Dashe retired from the Nigerian Army at the rank of Lieutenant Colonel in 1995, after which he was appointed Assistant Director of Sports in the FCT, Abuja in 1996.

He is an Alumnus of Lagos Business School having graduated in 1998.

2.MR. BEKUOCHI NWAWUDU                         –           DIRECTOR

Mr. Nwawudu is the Deputy Managing Director, Union Dicon Salt Plc. He has over 19 years’ experience in investment banking, proprietary trading, and principal investing with a focus on Mezzanine products. Starting in 1994 in London at ING Barings as a Convertible Debt Analyst, he was promoted quickly to understudy on the US$200m proprietary trading book. In 1998 he moved to Daiwa Europe SFU as a Senior Manager, there a three-man team ran a US$600m convertible book that included asset swaps, and derivatives.  After a spell at BGC Partners, he returned to Nigeria and he joined First City Monument Bank as SVP, Head of Fixed Income in 2006; there he developed the bank’s Bond trading business and debt capital markets team within the award winning Capital Markets business.

Mr Nwawudu has a degree in Economics from St John’s College, Cambridge University and an MBA from London Business School.  He is a Founder and Director of CBO Capital Partners. In the last five (5) years has been jointly responsible for servicing over 100 mandates, investing USD50.1million, developing the firm’s current transaction pipeline, and institutionalizing world class investment / management processes.

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