Chapel Hill Denham | Terms of Use
Chapel Hill Denham is a leading independent investment banking, securities trading and investment management firm. The firm is Nigeria’s most trusted adviser, focused on providing unbiased advisory, execution and investment services to corporations, governments, institutions and individuals involved in investing in and developing Nigeria and Middle Africa. The Chapel Hill Denham Nigeria Infrastructure Debt Fund will be the first listed infrastructure debt fund in Nigeria and Sub-Saharan Africa.
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Please read these terms and conditions carefully. Chapel Hill Denham reserves the right to change these terms and conditions and you are responsible for regularly reviewing these terms and conditions. Your continued use of this website constitutes your agreement to all such terms and conditions, including the Privacy Policy, and all rules, guidelines, policies, terms, and conditions applicable to this website.

Any content contained herein is the exclusive property of Chapel Hill Denham, except as otherwise stated. Unless otherwise specified, this website is for your personal and non-commercial use only. If you download any information or software from this website, you agree that you will not remove or obscure any copyright or other notices or legends contained in any such information.

Chapel Hill Denham, Chapel Hill Advisory Partners Limited, Chapel Hill Denham Management Limited, Chapel Hill Denham Securities Limited, all of the Chapel Hill Denham company logos and other Chapel Hill Denham trademarks and service marks referenced herein are trademarks and service marks of Chapel Hill Denham. Any information provided on this website is for information purposes only and should not be construed in any circumstances as an offer or solicitation of an offer, invitation or representation of any kind or form whatsoever to sell or buy any security or any other financial instrument. Neither should the information be taken as advice or a recommendation to buy, sell or hold any securities. You must determine whether the information is appropriate in terms of their particular circumstances. In this regard, we advise that all users seek the advice of a qualified investment professional prior to making any decision in relation to information obtained from this website.

You shall not attempt to gain unauthorized access to any portion or feature of this website, or any other systems or networks connected to it, or to any of the services offered on or through it, by hacking, password “mining” or any other illegitimate means. You shall not create liability for Chapel Hill Denham or cause Chapel Hill Denham to lose (in whole or in part) the services of its internet service providers; you shall not use any “deep-link”, “page-scrape”, “robot”, “spider” or other automatic device, program, algorithm or methodology, or any similar or equivalent manual process, to access, acquire, copy or monitor any portion of this website or any content, or in any way reproduce or circumvent the navigational structure or presentation of this website or any content, to obtain or attempt to obtain any materials, documents or information through any means not purposely made available through this website.

You shall not reverse look-up, trace or seek to trace any information on any other user of or visitor to this website, or exploit the website or any service or information made available or offered by or through the website it, in any way where the purpose is to reveal any information, including but not limited to personal identification or information, other than your own information, as provided for on this website. You understand that we have the right at all times to disclose any information as necessary to satisfy any law, regulation or valid governmental request. In addition, we can (and you hereby expressly authorize us to) disclose any information about you to law enforcement or other government officials, as we, in our sole discretion, believe necessary or appropriate in connection with the investigation and/or resolution of possible crimes.


Trademark, Copyright and Restriction

All material and content on this website are protected by copyrights, trademarks, and other intellectual property rights that are owned and controlled by Chapel Hill Denham or by other parties that have licensed their material to Chapel Hill Denham. You shall not copy, reproduce, republish, upload, post, transmit or distribute such material in any way, including by e-mail or other electronic means, directly or indirectly, and you must not assist any other person to do so.


Accuracy of Information

While we use reasonable efforts to furnish accurate and up-to-date Information from various sources that we believe are reliable, no representation, expressed or implied warranty is made concerning its accuracy, reasonableness or completeness. Chapel Hill Denham assumes no liability or responsibility for any errors or omissions in the content of the information or such other materials or communications on this Website. Neither Chapel Hill Denham nor its advisors, directors, employees or any of its affiliates accept any liability for any loss arising from any use of this information. The information should not be used as a substitution for exercising independent judgment and has no regard to the specific investment objectives, financial situation or particular needs of any specific user.


Links to third party Information providers

As a convenience to our users, Chapel Hill Denham may provide links to other websites, which are beyond our control. We are not responsible for the content of any external websites. The inclusion of a link to an external website from this website should not be understood to be an endorsement of that website, the site’s owners or their products/services. Chapel Hill Denham assumes no responsibility for examining or evaluating the products and services offered by the other websites, and we make no representations as to the accuracy, quality, suitability, functionality, or legality or any other aspect of such information or offerings of any of these businesses or content of such websites.

In the same manner, we do not take responsibility or liability for the actions, products, content and services on our website posted by affiliates and / or third party websites using the website’s APIs or otherwise.


Disclaimer on third party Information

The financial data provided by financial exchanges and/or third party information providers may be delayed as specified by the financial exchanges or our third party information providers. Chapel Hill Denham does not verify any data or information provided by financial exchanges and/or any third party information providers; and disclaims any obligation to do so. We expressly disclaim the accuracy, adequacy, suitability or completeness of any information of any third party information providers on this website and shall not be liable for any errors, omissions or other defects, delays or interruptions in such information, or for any actions taken in reliance thereon or for any damages resulting from the use of the information.


Disclaimer of warranty

All information and services on this website are provided to the user on an “as is” and “as available” basis. No warranty, representation, condition, undertaking or term (express or implied), statutory or otherwise including but not limited to the condition, quality, durability, security, performance, accuracy, reliability, non-infringement, merchantability, or fitness for a particular purpose or use of the service is given or assumed by us; all such warranties, representations, conditions, undertakings and terms are hereby expressly excluded. However, Chapel Hill Denham reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time without prior notice. The materials or services on this website may be out of date, and we make no commitment to update such materials or services. We however apologize for any inconvenience this may cause.

You understand and agree that temporary interruptions of the functionality or services on this website may occur as normal events. You further understand and agree that delays and disruption of other network transmissions are completely beyond our control.


Limitation of Liability

Your use of this website, its services and the information contained therein is entirely at your own risk and you shall assume full responsibility and risk of loss resulting from the use thereof.

In no event shall we or our affiliates be liable to any party for any damages whatsoever including without limitation, any direct, indirect, special, punitive, incidental or consequential damages (including, but not limited to, damages for loss of business profits, business interruption, loss of programs or information, or loss of savings), or any other damages arising in any way, shape or form out of the availability, use, reliance on, or inability to utilise this website or any of its offerings, even if we shall have been advised of the possibility of such damages, and regardless of the form of action, whether in contract, tort, or otherwise.

You agree to defend, indemnify and hold harmless Chapel Hill Denham, its affiliates and their officers, directors, employees and shareholders from and against any and all claims, damages, losses, costs and expenses, including, but not limited to, reasonable attorneys’ fees and court costs, arising from or related to your use of this website.


Governing law

These terms of use shall be governed by and construed in accordance with the laws of the Federal Republic of Nigeria and subject to the exclusive jurisdiction of the courts, in Lagos, Nigeria.


Contact Us

Please send any questions or comments regarding this website to

  • Mr Mobolaji Balogun


    Bolaji will serve as the Fund’s Chief Investment Officer. Bolaji is the Chief Executive Officer of Chapel Hill Denham and is one of the leading deal makers by volume and value of successfully completed transactions in Nigeria, over the last decade. He has over twenty-seven years’ experience in financial services experience and mobile telecommunications.

    After spending eleven years in investment banking and securities trading within FCMB Group from 1990 to 2001, Bolaji co-founded Econet Wireless Nigeria now Airtel Nigeria, in January 2001, which was the first major private infrastructure project in Nigeria. Bolaji led the capital raising and license auction process for Econet Wireless Nigeria’s USD285million GSM license. He was also responsible for the USD740 million multi-currency financing for the mobile network rollout. Through this infrastructure financing, MIGA, a member of the World Bank Group was re-opened to Nigeria. Additionally, the European Investment Bank (EIB) under the same financing made its first commitment to Nigeria. The US$1.67 billion sale of Econet Wireless to Celtel in 2005 remains Nigeria’s single largest successfully exited infrastructure investment.

    Bolaji returned to Investment Banking when he founded Chapel Hill in 2005. Over the past decade, he has worked with clients on the financing of several infrastructure projects including a 90MW captive power plant, Lekki-Ikoyi link bridge, Lagos-Badagry dual carriage way, upgrade of Ozumba –Mbadiwe road, Lagos rail mass transit project (Blue Rail) and the acquisition of the assets and liabilities of the Lekki Concession Company by the Lagos State Government. He also advised on several Real Estate projects including Eko Atlantic, Persianas Limited’s development of the Palms Shopping Mall, Lagos and the Polo Park Mall in Enugu, amongst several others.

    Bolaji is Chairman of Lafarge Africa Plc and a Director of Trustfund Pensions Plc, one of Nigeria’s largest Pension Fund Managers. He was formerly Chairman of Nahco FTZ Limited, a former Director of Nahco Aviance Plc and NASD Plc. He was appointed to the Johannesburg Stock Exchange, Africa Advisory Board in September 2009 and was Chairman of the investment banking trade group, the Association of Issuing Houses of Nigeria from September 2010 to July 2014.

    Bolaji, through Chapel Hill Denham is a co-sponsor in a greenfield 746MW combined cycle power plant, which has secured land, right of way approvals and approval from the Transmission Company of Nigeria to turn in and out of the 330KV double circuit Omotosho- Epe-Ajah transmission lines. He is an Economics (Honours) graduate of the London School of Economics.

  • Denis Clarke – Independent Member


    Denis is an infrastructure finance expert with over three decades’ experience and wide-ranging global experience in reviewing, analysing, structuring and negotiating equity and debt investments in infrastructure, across sectors including conventional & renewable power generation; utilities such as district heating, gas distribution, water and  waste management; and transportation. His experience has been spread across Africa, Eastern Europe, Latin America, the Middle East and Asia.

    Until recently, Denis was the Chief Investment Officer of the International Finance Corporation (“IFC”), a position he held for almost 15 years.  At IFC, he played a leadership role in teams executing some of the most challenging transactions – taking them from origination, through due diligence, credit committee and documentation. He contributed IFC perspective to the broader World Bank Group initiatives and maintained IFC relationships with leading international project sponsors such as Eon, Veolia, RWE, EdF and Wartsila.

    From 1999 to 2001, Denis was manager of the World Bank’s central energy group, which leads on global topics such as access to energy, global warming and tariffs. He led the teams of international specialists to present international power sector privatization experience in a number of countries. He was also member of management committee of Prototype Carbon Fund, set up to stimulate carbon trading mechanisms to ensure appropriate risk focus as he built up a substantial portfolio.

    Between 1991 and 1999, as a founder member of IFC’s specialist Power Group, Denis participated in or led many of the major emerging markets power project financings of the 1990s. His notable achievements included: leading the successful financing of Energy Center Kladno, the first greenfield, private power project in the former Communist world; leading the financing of Puerto Quetzal Power, sponsored by Enron, possibly Latin America’s first modern IPP; closing IFC financing of a 500 MW coal-fired plant in India and structuring, negotiating and syndicating financing for fuel-oil fired plants in Central America and the Caribbean.

  • Philip Southwell


    Philip is the co-founder of Axius Capital, where he has been involved in developing the investment frameworks for channelling institutional capital into long-term infrastructure projects in emerging & frontier markets. Philip trained and qualified as an ACA with Touche Ross (now Deloitte LLP) in London in 1993 and has spent the past over 20 years working in emerging and frontier markets with Deutsche Bank, EFG-Hermes and Bank of America Merrill Lynch. Between 1997 and 2009, Philip ran the Corporate and Investment Bank division for emerging markets at Deutsche. At Deutsche, Philip was responsible for relocating the Project Finance business to Dubai and running it. At Deutsche and Bank of America Merrill Lynch, Philip ran balance sheets of circa USD10 billion with substantial infrastructure exposure. He also chaired the loan screening committee for emerging markets during his time at Deutsche Bank.

    Between 2009 and 2015, Philip was the CEO of two independent investment banks, EFG-Hermes GCC (2009-2011) and Exotix (2013-2015), a frontier market focused merchant bank, where he led the strategic growth of its business with particular focus on equity and capital markets in Africa. In the interim period, Philip was appointed President of the Middle East and North Africa region for Bank of America Merrill Lynch. Philip has significant experience managing global banks in emerging markets and has executed numerous transactions in these markets across a wide range of sectors, including infrastructure, energy and financial services. At Axius Capital, he has been responsible for repackaging infrastructure loans to sell to the institutional market, including a USD700 million infrastructure loan for Angola.

    Philip has been a non-executive director of a GCC hospital company and a GCC financial services player.

    Philip is a qualified UK Chartered Accountant and is a graduate of Durham University.

  • Anshul Rai, Fund CEO


    The Fund’s Investment Team will be led by Anshul Rai, who is also a member of the Investment Committee.

    Anshul has over nineteen years’ experience in emerging markets infrastructure, with focus on principal investments, project finance and financial advisory. He has financed and invested in numerous projects across power, energy, utilities and transport sectors, with investment value of nearly USD50 billion.

    Anshul started his career with IFCI Limited, India, where he executed a number of large debt financing transactions for infrastructure projects. He then worked at KPMG’s infrastructure advisory group, focusing on financial advisory and financing transactions in power, transport and utilities sectors. Subsequently, Anshul joined Veolia Water’s South Asia unit working on development and financing of PPP projects in water and utilities. In 2004, he moved to the Middle East joining Bank Muscat’s infrastructure group and managed a number of senior/subordinated debt transactions as well as capital markets deals for infrastructure projects.

    Between 2006 and 2011, Anshul was the founding team member and managing director of the MENA Infrastructure Fund, where he originated and executed a large number of investments and managed the fund’s portfolio of USD200 million. He represented the fund on investee companies’ boards and provided strategic direction on their business plans and expansion proposals.

    Some of the transactions that Anshul has been closely associated with include Qurrayah power project in Saudi Arabia (USD2.8 billion), Morupule power project in Botswana (USD1.5 billion), Barka-2 power & water project in Oman (USD700 million), Delhi power sector privatization project (USD500 million), coal and gas fired IPPs in India aggregating 3,000MW (USD3 billion), Alexandria container terminal project in Egypt (USD300 million), Salalah port expansion project in Oman (USD450 million), Dhamra port financing in India (USD250 million), Hazira port financing in India (USD300 million), Madinah airport development in Saudi Arabia (USD1.5 billion), Delhi/Mumbai airport privatization project in India (USD1 billion), Delhi-Noida toll bridge in India (USD100 million), Jamshedpur water project in India (USD150 million), Disi-Amman water transmission project in Jordan (USD700 million) and multiple water, wastewater and municipal waste management  supply projects across Africa, Middle East and Asia (over USD500 million).

    Throughout his career, Anshul has led and managed cross-disciplinary teams on transaction structuring, due diligence, financial modelling, negotiations and documentation. In infrastructure debt, he has had extensive involvement both senior and subordinated debt transactions in different sectors, across a number of jurisdictions.

  • Mr Abidemi Oni


    Abidemi Oni is the Head of Finance and Operations at Chapel Hill Denham. He has over 17 years of experience in financial services. He was the Group Financial Controller at Investment One Financial Services Limited before joining Chapel Hill Denham in 2014. Prior to Investment One Financial Services Limited, ‘Bidemi was the Financial Controller for Intercontinental Bank Capital Market.

    He holds a Bachelor’s degree in Accounting from Obafemi Awolowo University and an MBA in Finance from the Lagos State University. He is also an Associate of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.

  • Mr Tajudeen Ibrahim


    Tajudeen Ibrahim is the Head of Research at Chapel Hill Denham. He has over 10 years of experience in asset management and investment research. Prior to joining Chapel Hill Denham, he was an equity research analyst within Standard Bank Group. He also managed the pension and gratuity funds of multinational companies within the Standard Bank Group.

    Tajudeen holds an MBA from University of Lagos and an M.Sc. and a B.Sc. in Mathematics from the University of Ibadan.

  • Mrs Ibironke Sokefun


    Ibironke Sokefun is the Head of Alternatives at Chapel Hill Denham. She has over 11 years of experience in Asset Management, Project Finance and Investment Banking. ‘Ronke worked at Chapel Hill Denham from 2006 to 2011 in Finance and Principal Investing. Prior to rejoining Chapel Hill in 2013, Ibironke was the Head of Structured Finance at Greenwich Trust Limited. Ibironke also worked at UBA Capital Limited in Project and Infrastructure Finance.

    ‘Ronke holds a BSc in Microbiology from Ogun State University and a Masters in Computing from Cardiff University. She is an Associate of the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Stockbrokers (CIS).

  • Mr Bode Orimogunje


    Bode Orimogunje is the Regional Head of Chapel Hill Denham in Northern Nigeria. He has over 27 years of experience in logistics and financial services. He was an Assistant Vice President and Head of Retail at CSL Stockbrokers Limited before joining Chapel Hill Denham in 2011.

    Bode holds a Bachelor’s degree in Economics from Ahmadu Bello University and a Master’s Degree in Banking and Finance from Bayero University. He also holds an MSc in Finance from the University of Leicester. He qualified as an Authorised Dealing Clerk of the Nigerian Stock Exchange in 1996 and is a fellow of the Chartered Institute of Stockbrokers (CIS).

  • Mr Nii Nartei Nartey


    Nii Nartei Nartey is Managing Director at Chapel Hill Denham Management (Ghana) Limited. He has over nine years of experience in financial services. Nii Nartei started his career as a Stockbroker (Authorised Dealing Officer) at EDC Stockbrokers Ltd (part of Ecobank Capital). Nii Nartei joined Chapel Hill Denham Securities (Ghana) Limited in 2011 as its first Authorised Dealing Officer. He left in 2013 to join EM Capital Partners Limited as Head of Collective Investments Schemes, where he was responsible for the structuring, sales and management of all the firm’s CIS products. Subsequently, he was made the General Manager of EM Capital Partners with additional oversight responsibilities for Pensions, Private Wealth and CIS portfolios. In 2011, Nii Nartei was adjudged the Most Promising Young Investment Professional at the “2010 Ghana Investment Awards”.

    Nii Nartei is a graduate of Agriculture from the University Of Ghana and is currently pursuing an MBA in Finance and Risk Management from the Business School Netherlands.

  • Mr Lanre Buluro


    Lanre Buluro is a Director and Head of Sales at Chapel Hill Denham. He has over 20 years of experience across investment banking, corporate finance, and healthcare. Prior to joining Chapel Hill Denham, Lanre was a pioneer member of the management team at Primera Africa where he had responsibilities including institutional sales, investment research, financial advisory, and securities brokerage. Prior to Primera, Lanre was an Equity Research Analyst at Bloomberg LP, covering the Biotechnology and Pharmaceutical industry. Prior to Bloomberg, Lanre worked as a corporate finance associate at Roche Pharmaceuticals working primarily on deal analysis, asset valuation, and strategic due diligence for global in-licensing opportunities and acquisitions of clinical-stage drug assets. Lanre began his professional career as a molecular biochemist at Orchid Biosciences Inc. as a member of the drug and diagnostic device development team.

    Lanre is a graduate of Molecular Biology & Biochemistry, and Economics from Rutgers College. He also holds an MBA from Rutgers Business School with a concentration in Finance and Pharmaceutical Management.

  • Mr Ayodeji Fashina


    Ayodeji Fashina is a Director, Investment Banking at Chapel Hill Denham. He has over 18 years of experience in financial services and engineering. Prior to joining Chapel Hill Denham, he worked at Deutsche Bank in London in the Industrials Corporate Finance Group and at Ford Motor Company in Dearborn, Michigan as a design engineer and internal operations consultant.

    Ayo is a graduate of Mechanical Engineering from Louisiana Tech University and holds an MSc from Southern Methodist University and an MBA in Finance and Global Business from Leonard Stern School of Business, New York University.

  • Ms Oby Ugboma


    Oby Ugboma is a Director and Chief Risk Officer of Chapel Hill Denham. She has over 18 years of experience in consulting, regulatory and financial services. Oby joined Chapel Hill Denham from J.P.Morgan in the UK where she was an Executive Director in Operational Risk Management within the Financing and Markets products business line.

    Before joining J.P.Morgan, she worked for a number of years at the Financial Services Authority as a Prudential Supervisor for investment banks. Oby started her financial services career at HSBC Bank plc where she held a variety of front office, risk and compliance roles.

    Oby is a graduate of Biotechnology from Imperial College and a Fellow of the Chartered Institute of Bankers.

  • Mrs Olukemi Awodein


    Kemi Awodein is Director, Investment Banking at Chapel Hill Advisory Partners. She has over 12 years of experience in investment banking. Kemi joined Chapel Hill through the business combination with Denham where she was involved in executing transactions including IPOs, privatisation, equity raising and M&As.

    She also managed the legal function at Denham, ensuring statutory and regulatory compliance. Prior to joining Denham, she worked as an associate in the firm of Udo Udoma & Belo-Osagie, where she gained wide-ranging experience in Company and Commercial Law. Kemi is a graduate of Law from the University of Warwick and Nottingham University and was called to the Nigerian Bar in December 1992. She joined the Chapel Hill Denham board in October 2014.

  • Mr Michael Oyebola


    Michael is a proven senior executive and business leader with a successful front and back office track record in the financial services industry both in the UK and Nigeria. He has a strong commercial outlook and more than twenty-five years’ experience in financial services, fifteen of which were gained in the UK and Isle of Man and the last 11 in Nigeria. He has operated across the broad range of financial services organisations including pension fund companies, insurance companies, asset management firms, hedge funds and a specialist investment bank.

    Prior to his appointment at Chapel Hill Denham Management Limited, Michael was the Managing Director and Chief Investment Officer for FBN Capital Asset Management, for over 5 years, the General Manager and Chief Investment Officer for Guaranty Trust Assurance Plc (now Axa Mansard Plc) for 4 years and the Deputy General Manager and Head of Investment for Crusader Sterling Pensions Limited for over a year.

    Prior to returning to Nigeria in 2005 Michael had worked as a Private Client Fund Manager in Thornhill Investment Management, London UK for over a year, was the Head, Treasury, Hedging and Derivatives at Laxey Partners Limited (Isle of Man) and a Treasury/Investment Accountant at National Australia Bank, Scotland. Michael had also worked  with Mellon Fund Administration & Murray Johnstone Investment Management, Scotland as an Investment/Unit Trust Accountant, Investec Guinness Flight Global Asset Management Limited, London as a Fund Accountant, M&G Group Plc, London as a Unit & Investment Trust Accountant, Regent Fund Management Limited, London as a Management/Investment Trust Accountant and Legal and General Investment Management Limited as an Assistant Fund Accountant.

    In his current role, he oversees the management of various mutual funds under Chapel Hill Denham’s management as well as wealth management for family office and high net worth clients.

    Michael holds an M.Sc. in Investment Analysis from Stirling University, Scotland, an MA. in Finance from Middlesex University, London and an HND in Accounting from Ogun State Polytechnic. He is a member of the CFA Institute in Nigeria and the United Kingdom. He is an alumni of the Advance Management Program of the Lagos Business School (Pan Atlantic University).

  • Mr Akeem Shadare


    Akeem Shadare is the Managing Director of Chapel Hill Denham Securities Limited. He has over 12 years of experience in financial services. Akeem joined Denham Management in 2007. Prior to this, Akeem was an Audit Senior at the accounting firm, Muyiwa Bunmi Ogunlela & Co.

    Akeem is a graduate of Management and Accounting from Obafemi Awolowo University. He is an Associate of the Chartered Institute of Stockbrokers, the Chartered Institute of Taxation in Nigeria, the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Marketing of Nigeria. Akeem has led the Securities Trading business since July 2014.

  • Ms Adekemi Ajayi


    Adekemi Ajayi is a Director and Head of Shared Services at Chapel Hill Denham. She has over 28 years of experience in financial services, mining and telecommunications. Kemi started her career as a trainee accountant at Esso UK Plc (now ExxonMobil). Upon qualifying as a Chartered Management Accountant, she joined Morgan Stanley in the UK in 1992, where she held numerous positions before leaving as a Senior Manager in Institutional Investment Management in 2001. Kemi was a Senior Manager in Accenture, Nigeria before joining Bond Bank Limited (now Skye Bank Plc) as an Assistant General Manager in charge of Private Banking. Kemi joined Chapel Hill as a Vice President in 2006, from where she moved to UNIC Plc as Head of Asset Management with principal responsibility for proprietary investments. Thereafter, Kemi spent two years as a consultant involved in restructuring a quarry business before joining Etisalat Nigeria as the Director of Treasury & Corporate Finance.

    Kemi is a graduate of Biochemistry from Imperial College.

  • Mrs Oluwakemi Balogun


    Oluwakemi Balogun worked in Research at the Nigerian Stock Exchange and then as Executive Assistant to the Director General and Chief Executive of the Nigerian Stock Exchange between 1990 and 1997. ‘Kemi was a Director on the Board of Governors of the American International School, Lagos between June 2003 and June 2006.

    ‘Kemi holds a B.Sc. in Geography from the Bayero University, Kano and has attended extensive capital markets training in the USA, UK and South Africa. She joined the Board of Chapel Hill Denham in April, 2005.

  • Mr Mohammed Ciroma


    Mohammed Ciroma was formerly the Managing Director of Daily Times, Nigeria’s oldest newspaper. He has a broad range of experience across financial services, real estate, publishing and information technology.

    Mohammed holds an LL.B in Law from the University of Maiduguri and was called to the Nigerian Bar in 1987. He was an appointee of then President Olusegun Obasanjo to the Governing Council of the National Open University of Nigeria. Mohammed joined the Board of Chapel Hill Denham in May 2005.

  • Mr Mobolaji Balogun

    Bolaji Balogun is the Chief Executive Officer of Chapel Hill Denham and is one of the leading deal makers by volume and value of successfully completed transactions in Nigeria, over the last decade. Bolaji has twenty-seven years of experience in financial services and mobile telecommunications. He spent eleven years within FCMB Group, in investment banking and securities trading, leaving the business in January 2001. From April 1993 to January 2001, he was Executive Director and Chief Operating Officer at CSL Stockbrokers (part of FCMB Group). Bolaji was also Executive Director at FCMB Capital Markets from January 1996, where he led advisory teams in major corporate and complex transactions.


    Bolaji left FCMB Capital Markets in January 2001, to become a co-founder and Director of Econet Wireless Nigeria, now Airtel Nigeria, which was the first major private infrastructure project in Nigeria. He led the capital raising and license bid auction process for Econet Wireless Nigeria’s USD285million GSM license. He was pioneer Chief Business Development and Strategy Officer and in October 2001, was appointed Chief Marketing Officer. The US$1.67 billion sale of Econet Wireless to Celtel in 2005 remains Nigeria’s single largest successfully exited investment. Bolaji left mobile telecommunications and returned to investment banking, when he founded Chapel Hill in 2005.


    Bolaji is Chairman of Lafarge Africa Plc and a Director of Trustfund Pensions Plc, one of Nigeria’s largest Pension Fund Managers. He was formerly Chairman of Nahco FTZ Limited, a former Director of Nahco Aviance Plc and NASD Plc. He was appointed to the Johannesburg Stock Exchange, Africa Advisory Board in September 2009 and was Chairman of the investment banking trade group, the Association of Issuing Houses of Nigeria from September 2010 to July 2014. Bolaji is an Economics (Honours) graduate of the London School of Economics.

  • Professor Adesoji Adelaja


    Adesoji Adelaja is the John A. Hannah Distinguished Professor and Director of the Land Policy Programme at Michigan State University (“MSU”). He joined MSU in January 2004, prior to which he served as Executive Dean of Agriculture and Natural Resources at Rutgers University, New Jersey. ‘Soji is renowned for his work in land use policy, agricultural policy, firm viability, commercialisation of technology, economics of the nutraceutical and biotechnology industry, emerging market structures, innovation transfer for economic development and food industry development.

    On sabbatical leave from MSU, ‘Soji was appointed Economic Intelligence Adviser to the President of the Federal Republic of Nigeria, a position he held until June 2015. Through his work on the Presidential Initiative for the North East, he developed a growth and rebuilding strategy for the region. ‘Soji sits on the board of Micro Solutions, Xechem, Datamax and Utilcom and served as Policy Advisor to the Secretary of Agriculture.

    ‘Soji holds a B.Sc. from Pennsylvania State University and holds dual Master’s degrees in Agricultural Economics and Economics, as well as a Ph.D. in Economics from West Virginia University. He joined the Board of Chapel Hill Denham in May 2005

  • Mr A. Olawale Edun

    Olawale Edun has over 36 years of experience in merchant banking, corporate finance, economics and international finance at national and international levels. Between 1980 and 1986, Wale worked at Chase Merchant Bank (later Continental Merchant Bank) in Lagos where he rose to the position of Head, Treasury and Deputy Head, Corporate Finance. He joined the World Bank/IFC in Washington DC, through the elite Young Professionals program in September 1986. At the World Bank, he worked on economic and financial packages for several countries in Latin America and the Caribbean, including the Dominican Republic, Trinidad, Indonesia and India.

    In 1989, he returned to Nigeria as a co-founder and Executive Director of Investment Banking & Trust Company Limited (“IBTC”), now Stanbic IBTC. In 1994, Wale left IBTC and founded Denham Management Limited. In 1999, he was appointed by the Lagos State Government as Honourable Commissioner for Finance, a position he held for two terms.

    Wale holds a B.Sc. in Economics from the University of London and an M.Sc. in Economics from the University of Sussex. He joined the Board of Chapel Hill Denham in February 2008.