Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has announced the appointment of Muyiwa Akinyemi as an Independent Non-Executive Director on its Board, effective April 1, 2026.
The company disclosed that the appointment will be presented to shareholders for ratification at its next general meeting.
Akinyemi brings more than 30 years of experience in Nigeria’s financial services sector, with expertise spanning wholesale and retail banking, investment banking, capital markets, and strategic leadership.
He most recently served as Group Deputy Managing Director at United Bank for Africa, where he oversaw the bank’s operations across Nigeria, including Corporate, Business Banking, and Retail divisions.
An Associate of the Institute of Chartered Accountants of Nigeria, Akinyemi is also a member of the Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers. He holds a Bachelor’s degree in Accounting from Obafemi Awolowo University and has completed executive education programmes at leading global institutions, including the University of Chicago Booth School of Business, Cambridge University, and Harvard Business School.
Chairman of the Board, Awele V. Elumelu, welcomed the appointment, noting that it comes at a critical time as the company advances its strategic expansion plans.
“We are pleased to welcome Mr. Akinyemi to the Board of Transcorp Hotels Plc, as we embark on our strategic expansion phase. He is a seasoned executive whose exceptional record of building and scaling financial and business operations across Africa speaks for itself. We look forward to benefiting from his counsel and experience,” she said.
The company added that Akinyemi’s appointment underscores its commitment to strengthening governance, financial oversight, and strategic expertise, as it seeks to deliver sustainable value to shareholders while reinforcing its leadership position in Africa’s luxury hospitality sector.
