ACA Welcomes Mr. Babatola Faseru as its Board of Directors' President

It is with great pleasure that we announce the election of Babatola Faseru as the Board of Directors' President.

Mr Babatola Olutoba Faseru is an astute businessman. He has a rich background in banking having worked at First Bank Nigeria Plc. and Lead Merchant Bank Limited. He is the Executive Chairman of Colossus Investments Limited, a leading agricultural commodity exporting company in Nigeria. He is also the Chairman of Cashew Development and Investments Project Limited as well as E-brand Investments Limited.

He has been in Agricultural Commodities Export business for Twenty-Seven (27) years. He holds a Bachelor's Degree in Business Administration, University of Ilorin, Ilorin, Nigeria and Master's in Business Administration (MBA), specializing in Finance and Marketing, Obafemi Awolowo University, Ile-Ife, Nigeria. He is a Fellow of the Institute of Credit Administration (FICA).

He served as the President of the National Cashew Association of Nigeria (NCAN) from 2011-2020. Working closely with his vibrant team, he transformed the Nigerian Cashew industry with significant improvement in the quality of Nigerian cashew nuts to the delight of the global market and enhanced earnings for the local cashew industry. During this period specifically in 2013, cashew was nominated as a transformational crop under the Agricultural Transformation Agenda (ATA) of the Federal Government of Nigeria. Cashew was subsequently selected as one of the thirteen (13) National Strategic Export products aimed at diversifying the Nigerian economy away from oil in 2015. In recognition of his hard work in repositioning Nigeria’s Cashew sector, the National Cashew Association of Nigeria (NCAN) was awarded ‘the Most Active Association of the year’ in 2017.      

Mr Babatola Faseru led the very first Nigerian delegation to the Vietnamese Cashew Conference in November 2012. At the Golden Cashew rendezvous Vietnam in 2013, he signed an MOU with his Vietnamese counterpart for 80,000 metric tonnes of Nigerian raw cashew nuts valued at US$60million. This opened the Vietnamese market to Nigerian cashew exporters and established significant trade relations and technical cooperation between the two countries.

In February 2015, he led the Nigerian delegation to Dubai for the inaugural World Cashew Convention where he was a panel member. Thereafter, he has consistently featured as a panel/speaker at the World Cashew Convention every year. 

Babatola has had the privilege of representing West Africa in several countries among which are Singapore, India, United Arab Emirates (UAE), Vietnam and Brazil.

Mr Faseru was the chairman, membership committee of the Nigerian-Ukrainian Business Council and a member of the Lagos State Public Service Club, Ikeja.

He was an executive council member of the African Cashew Alliance (ACA) from 2012-2014 and was subsequently elected Vice President of ACA, a position he held till 2016. He was again elected for another term as the Vice President (ACA) in 2018.

In December 2020, Babatola was elected President of the Board of the African Cashew Alliance (ACA). 

Please join us in welcoming Mr Babatola Faseru!