Ayoola Foods Ltd was founded by Engr. Segun Emmanuel Olaye, who is the Managing Director/Chief Executive Officer. He bagged his Masters Degree at Odessa Engineering Institute in 1984 in the former Soviet Union, now Ukraine. During his six-year stay abroad, he missed a lot of African delicacies which was not available then in Odessa, USSR. This led to conception of Ayoola Foods Ltd in 1991 and was registered as Food processing, Packaging, Marketing and Consulting Company.
The company commenced business with few products, today we have wide range of products which include Poundo Yam, Yam Flour, Cassava Flour, Plantain Flour, Beans Flour, Brown Beans and Cassava Fufu among others. All our products are duly registered by National Agency for Foods and Drugs Administration and Control (NAFDAC).
All our products were initially exported to the U.K, USA, Canada, Australia and other countries. This lasted till July 2004. In August 2004, the company decided to promote its products in domestic market. The introduction of its brand, Ayoola Poundo Yam recorded remarkable success, increasing its market share in subsequent years. The brand has now become a household name in Nigeria.Responsibilities
Develop, implement, and maintain compliance programs, policies, and procedures to ensure adherence to relevant laws, regulations, and industry standards.
Monitor and assess regulatory changes, emerging risks, and industry trends to identify potential compliance issues and recommend appropriate actions.
Conduct compliance risk assessments and audits to evaluate the effectiveness of controls and identify areas for improvement.
Investigate allegations of non-compliance, fraud, misconduct, or unethical behavior, and recommend corrective actions and preventive measures.
Provide guidance and advice to employees on compliance matters, including regulatory requirements, company policies, and ethical standards.
Develop and deliver compliance training programs and materials to educate employees on their responsibilities and promote awareness of compliance obligations.
Collaborate with cross-functional teams, including legal, human resources, finance, and operations, to address compliance issues and implement solutions.
Maintain accurate records of compliance activities, including audit findings, investigation reports, training records, and compliance documentation.
Liaise with regulatory authorities, external auditors, and industry associations to stay updated on regulatory developments and best practices.
Prepare and submit regulatory filings, reports, and disclosures as required by applicable laws and regulations.
Monitor and track compliance metrics and key performance indicators (KPIs) to assess the effectiveness of compliance programs and initiatives.
Conduct due diligence reviews and risk assessments for third-party vendors, partners, and business associates to ensure compliance with contractual obligations and regulatory requirements.
Respond to compliance inquiries, requests, and notifications from internal and external stakeholders in a timely and professional manner.
Review and approve marketing materials, communications, and promotional activities to ensure compliance with regulatory requirements and company policies.
Promote a culture of integrity, ethics, and accountability throughout the organization, leading by example and fostering open communication and transparency.