Business Hilights
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Gen Danjuma swaps wife as chairman of May & Baker board after 16 years

Retired top brass in the Nigeria Army, Lt. Gen. Theophilus Yakubu Danjuma (Rtd) has relieved himself as a Director and Chairman of the Board of Directors of May and Baker Nigeria Plc even as the multinational has effectively replaced him with his wife, Senator Daisy Danjuma as the chairman of the board of directors of the company.

Gen Danjuma had serviced in the capacity for 16 years of service and the retirement/swap took effect from September 27, 2019.

Business Hilights recalls that Gen TY Danjuma was appointed to the Board of the Healthcare Company in 2003. He has led the company to a great many successes prominent among which are the construction of one of the largest pharmaceutical manufacturing facilities in Sub-Saharan Africa by May & Baker.

The facility is certified by the World Health Organisation (WHO) for Good Manufacturing Practice, one of the few African drug production companies to be so qualified.

He also led the company in pioneering expansions into crucial areas of the healthcare industry including the perfection of a joint venture with the Federal Government of Nigeria to set up West Africa’s first private vaccine Production Company, Biovaccines Nigeria Limited.

From a turnover of about N1 billion, Danjuma grew the company to a turnover of about N10 billion with good annual profit and dividend records.

Under him May & Baker won many national and international laurels including the National Productivity Order of Merit Award, 2018.

A retired soldier, administrator and business mogul, General Danjuma has sat on the board of many companies. He has several national and international awards including the Grand Commander of the Order of the Niger (GCON) and national honours of Somalia and Poland.

As a philanthropist, he is the founder and promoter of T.Y Danjuma Foundation, a leading philanthropic organisation focused on the wellbeing of the less privileged and the general good of the society.