Environmental & Social Responsibility

ENVIRONMENTAL & SOCIAL RESPONSIBILITY

At Food Concepts sustainability constitutes an integral culture and mindset deeply ingrained in our business ethos. We have consistently upheld the belief that it’s our duty to bolster the well-being of the communities and ecosystems in which we operate. Through deliberate and positive actions, we are committed to making a constructive difference and to minimise the environmental impact of our activities.

Since inception, Food Concepts has believed in the need to inspire, educate and uplift children so that they are better equipped to become productive and employable members of society. On this basis, one of our focus areas is on educational initiatives. In the spirit of promoting entrepreneurship and work, we partner with several schools in Lagos to promote guided tours of our Central Kitchen and Pie Production departments. We also invite students into our restaurants to educate them on the processes around food production within a Chicken Republic Restaurant.

Year on year, Food Concepts has partnered with many like-minded companies to address hunger and provide nourishment to diverse Nigerian communities. We have also always supported Sickle Cell Anaemia to provide aid to individuals with the Sickle Cell Disease in Nigeria.

Employment & Skills Development

Diversity & Equal Opportunity

Inclusive Business Practices

Health, Safety & Consumer Protection

Positive Impact

Animal Welfare

Looking Ahead: Future Commitment

Employment &
Skills Development

Food Concepts currently employs a substantial workforce and indirectly supports the livelihoods of many thousands more. We take pride in our standing as an equal opportunity employer, committed to fair labour practices and robust incentive programs that duly recognise and reward the dedication, talent, and performance of our workforce.

As we look to the future, our mission includes significant expansion, which will result in a substantial increase in our workforce. This will lead to employment for many more thousands of individuals in Nigeria alone.

Our unwavering commitment is to be a company of choice, celebrated for its ability to attract, nurture and retain talent. We are dedicated to fostering an environment that not only enhances the professional lives of our employees but also prioritises their overall well-being, health, and safety.

Beyond employment, our Hatchery (Training and Development Centres) are meticulously designed to continually train, upskill, and enhance the capabilities of everyone we employ.

Diversity & Equal
Opportunity

As an equal opportunity employer, Food Concepts values diversity and does not discriminate based on race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, or age. All qualified applicants receive fair consideration for employment and promotion.

In alignment with our commitment to gender equality, we have actively promoted the employment of women within our company. This effort has positioned us as one of the industry’s leading businesses in terms of gender diversity, boasting a workforce where over 50% are female employees.

Looking ahead, Food Concepts is dedicated to a substantial expansion, with a vision to establish a widespread network of stores. Our full commitment extends to directly employing a significant number of individuals in Nigeria. Notably, we aim to prioritise opportunities for women and youth, addressing the challenges of underemployment and limited opportunities faced by these demographics in the present-day landscape of Nigeria..

Inclusive Business Practices

Food Concepts -Human Rights & Inclusive Business

At Food Concepts, we champion inclusivity and local empowerment. We source all our products, produce and poultry from Nigerian companies, ensuring every Naira we spend contributes to the local economy – creating jobs, generating profits and supporting local and federal taxes.

Our commitment to inclusivity extends to reducing Ex-Pat quotas by prioritising local Nigerian talent and promoting female employees to various management positions. We remain dedicated to supporting grassroots entrepreneurs, offering a hands-on approach to help them refine their products and meet our stringent quality standards.

Recognising our pivotal role in advancing sustainability, our Supply Chain division follows guiding principles such as uncompromising quality and safety, strategic price competitiveness and ethical local sourcing. We actively engage with suppliers and local SMEs, fostering equitable partnerships that enhance our local economy. Our comprehensive supplier terms cover key areas like labour, safety, quality, and more, ensuring alignment with our values.

Health, Safety &
Consumer Protection

At Food Concepts Plc, we uphold an unwavering commitment to excellence. Our dedication to quality is evident in the meticulous preparation and sale of safe, ready-to-eat food, with customer satisfaction as our top priority. This commitment extends to the safety and well-being of our staff, contractors, and stakeholders, ensuring a secure environment for their roles.

Our ISO certifications showcase our world-class food safety management system, instilling confidence in our customers. As consumer demand for safe food rises, these certifications assure the safety of our products and ingredients.

To fortify consumer protection, we actively encourage reporting of concerns regarding unethical conduct through the Deloitte Tip-offs Anonymous Hotline, website, email, or mobile app. We maintain an internal customer care line and address social media complaints daily, fostering a responsive and transparent communication channel.

Furthermore, we have implemented measures to mitigate adverse environmental impacts resulting from our operations.

Positive Impact

At Food Concepts, minimizing our ecological footprint is a constant priority. A tangible step in this direction involves promoting renewable energy use in our PieXpress stores, with many already operating on solar energy systems.

Building on this momentum, we’ve forged a groundbreaking partnership with Coca-Cola and Glovo for a plastic waste reduction and recycling program. As part of our eco-friendly commitment, we’ve transitioned from single-use plastics to paper packaging, using paper cups for ice cream across all stores.

Energy and Resources Optimisation

To enhance energy efficiency and sustainability, we’re optimizing energy use, resource efficiency, and waste reduction.
Effluent Treatment Plant: Constructed to improve wastewater quality before discharge, facilitating eco-friendly waste management.
Bio Digester: At Agungi Chicken Republic, a bio-digester degrades liquid waste to ecologically safe levels.
Generator Synchronisation Panels: Installed at our Head Office on September 15, 2022, for efficient energy use and reduced greenhouse gas emissions.

Animal
Welfare

At Food Concepts, our pledge to support local communities is resolute. This commitment translates into procuring poultry solely from esteemed companies operating in alignment with the mandates of Local and Federal Government organisations, underpinning our commitment to animal welfare.

Looking Ahead:
Embracing the present and shaping the future!

Food Concepts - Looking Ahead: Future Commitment

In the ever-evolving business landscape, we stand keenly aware of the imperative to revolutionise conventional practices. Today, our determination to effect substantial change burns brighter than ever before. Committed to catalysing a significant impact, we’re resolute in our pursuit of a brighter, more promising future. Our unwavering dedication drives us to envisage and actively contribute to the positive transformation that lies ahead.

WORK WITH US – VIEW OPPORTUNITIES

Mr. Odunayo Olagundoye Educational & Professional Qualification: First degree in Engineering from Massachusetts Institute of Technology (MIT) (1969) \| Masters' degree from the prestigious MIT Sloan School of Management (1974) Date of Appointment: 9th February 2016 Committee Membership: Chairman	Biography/Experience: A banker by profession, Odunayo was the pioneer Managing Director/Chief Executive Officer of Chartered Bank Plc., and a former Managing Director of National Bank of Nigeria Plc (2000 - 2003). Prior to that, he was the General Manager/Chief Credit Officer of International Merchant Bank Plc (1975 - 1987). He holds a first degree in Engineering from Massachusetts Institute of Technology ("MIT") (1969) and a Masters'™ degree from the prestigious MIT Sloan School of Management (1974). He is currently the Chairman of Quantum Capital Management.
Mr. Kofi Abunu Educational & Professional Qualification: Bachelor of Arts degree in International Business and Marketing from the University of London, UK (1997) \| CIM, UK (1998) Date of Appointment: 7th March 2022 Committee Membership: Managing Director	Biography/Experience: Kofi has over 28 years international experience in management roles in the food and hospitality industry having previously worked with global brands such as McDonald's (UK), Nando’s, Steers (Ghana), and Innscor West Africa Limited (operators of multi-brand food court). He was head of Operations with their partnership with Exxon Mobil managing the ‘On the Run brand’. Kofi started with Food Concepts in 2007 as a GM for the Chicken Republic Brand. Over the years, he has operated in several African countries including Nigeria, South Africa & Ghana. His most recent appointment was from Divisional Managing Director - Business Development to Managing Director/CEO Food Concepts Plc which took effect from 7 March 2022.
Dr. Anthonia Agbonifo Educational & Professional Qualification: Graduate of accounting from Yaba College of Technology \|MBA with merit from the University of Liverpool UK \| Doctorate from European American University \| Fellow of ICA \| Fellow of IMC \| Chartered member of ICAN (2004) \| Member of NIM \| Diploma in IFRS from ACCA Date of Appointment: 28th March 2019 Committee Membership: Executive Director	Biography/Experience: Anthonia is a Chartered Accountant with over 20 years of experience in auditing, accounting, treasury, risk management, IFRS, finance, Sarbanes Oxley review, processes, and advisory services across numerous industries. Anthonia is an Institute of Chartered Accountants of Nigeria ("ICAN") prize winner and has attended numerous local and international training courses on leadership, management, taxation, auditing (IFRS, Nigerian & US GAAP), team management, Sarbanes Oxley, controls and is also a skilled facilitator. Anthonia has served on two key committees of the board of ICAN i.e. PPMC for five years and MAC for one year. Anthonia worked with Akintola Williams Deloitte and PriceWaterhouse Coopers in senior management functions. Anthonia joined Food Concepts Plc as the Group Chief Financial Officer in 2014 and is also the Divisional Managing Director of the International Finance and Shared Services Division.
Dr. Ikenna Okongwu Educational & Professional Qualification: Bachelor of Medicine & Bachelor of Surgery (MBBS) from the University of Jos (1991) \| Post Graduate Diploma in Human Resources from the Thames Valley University, UK (2001) \| Master’s in Management (MiM) from the Smurfit Business School in the University College Dublin Ireland (2011) Date of Appointment: 7th March 2022 Committee Membership: Executive Director	Biography/Experience: Ikenna is currently the Divisional Managing Director – Operations of Food Concepts Plc. He graduated as a Medical Doctor and has more than 25 years’ experience in the QSR industry, 18 of those in the United Kingdom and The Republic of Ireland. He worked as an Area Coach and Human Resources Manager in the United Kingdom with Yum Restaurants International (KFC) and as the Head of Operations in the Republic of Ireland with MBCC Foods Ltd (KFC Franchisee). In addition, Ikenna worked with KFC Nigeria as the Operations Leader prior to working with Food Concepts Plc. He was instrumental and led the growth of MBCC Foods in Ireland, and the turnaround and growth of the Food Concepts business in Nigeria.
Mr. Babatunde Fajemirokun Educational & Professional Qualification: Bachelors' degree in Business Economics from Glasgow, UK (2000) \| Business Information Strategy Master's degree (dist.) from University of Strathclyde (2002) \| MBA in Finance from University of Chicago Booth School of Business (2013). Chartered Insurer (ACII) Date of Appointment: 7th December 2016 Committee Membership:(i) Finance & General Purpose Committee. \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Mr. Babatunde Fajemirokun is the Managing Director & CEO at AIICO Insurance Plc; a leading financial services group in Nigeria. Mr. Fajemirokun joined AIICO Insurance Plc, Life Insurance Division, as CIO in May 2009, and was responsible for value-enhancing projects in its maiden growth strategy, business process, and technology transformation projects. Prior to AIICO, he worked with Accenture, Lagos (2003-2007) and then Capgemini Consulting, UK (2008- 2009). In both roles, Babatunde provided consulting/advisory services to financial services and Government clients predominantly in mergers and acquisitions and then United Kingdom government transformation programmes. His experience spans across Management Consulting focused on strategy & technology-led change in Financial Institutions and Government; Insurance & Asset Management focused on strategy, retail and corporate insurance, insurance (actuarial) & investment risk management, process/ technology-led change, turnarounds, corporate finance, and corporate management.
Mr. Babacar Ka Educational & Professional Qualification: Bachelor of Science in Business Administration and Finance from the University of California (2003) \| MBA from the University of Oxford (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Audit Committee \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Babacar is an investment principal at Development Partners International LLP with 19 years of finance and investment experience spanning private equity, debt investing and equity research. Prior to DPI, Babacar worked at Standard Bank Group in the UK and was an investment analyst in the Global Transaction Team at the IFC in Washington DC.
Mr. Marc Stoneham Educational & Professional Qualification: BA (Hons) in Modern History from the University of Oxford (1st class) (2003) \|MBA from INSEAD (Dean's List) (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| Remuneration & Corporate Governance Committee	Biography/Experience: Marc worked at McKinsey & Company serving African and other emerging market clients across multiple industries and functions, with a focus on natural resources. Prior to McKinsey, Marc worked in private equity at Actis and Kingdom Zephyr, and for Accenture strategy consulting.
Mr. Adefolarin Ogunsanya Educational & Professional Qualification: BSc (Hons) in Computer Engineering from NJIT (2007) \| MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania (2014) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee \| (iii) Remuneration & Corporate Governance Committee	Biography/Experience: Adefolarin is an investment professional at Development Partners International LLP with over 13 years of experience in investment banking and private equity. Prior to DPI, Folarin was an investment professional at Helios Investment Partners and an investment banker at Credit Suisse in New York. He has experience in Corporate Finance, capital allocation and Strategy.
Mrs. Yemisi Akinbo Educational & Professional Qualification: BSc degree in Accounting from the University of Lagos (1999) \| MBA from the London Business School (2015) \| Associate of the Institute of Chartered Accountants of Nigeria Date of Appointment: 29th September 2021 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee	Yemisi is a seasoned finance and investment professional with over 20 years’ experience in banking, asset management and private equity. She is currently a Principal at African Capital Alliance (ACA) where she is responsible for overseeing investments in the consumer goods sector. At ACA, she was previously the Head of the Investor Management and Fund Administration function. Prior to joining ACA, Yemisi worked with the First City Group, a leading financial services group in Nigeria. Yemisi has a BSc. degree in Accounting from the University of Lagos (1999) and an MBA from the London Business School (2015). She is also an Associate of the Institute of Chartered Accountants of Nigeria.
Mr. Benjamin Dabrah Educational & Professional Qualification: BSc degree in Land Economy from the Kwame Nkrumah University of Science and Technology, Ghana (1999) \| BSc degree in Financial Services from the University of Manchester, UK (2006) \| MSc in Public Policy Economics from the University of Hull, UK (2001) Date of Appointment: 29th September 2021 Committee Membership: (i) Remuneration & Corporate Governance Committee

Mr. Odunayo Olagundoye Educational & Professional Qualification: First degree in Engineering from Massachusetts Institute of Technology (MIT) (1969) \| Masters' degree from the prestigious MIT Sloan School of Management (1974) Date of Appointment: 9th February 2016 Committee Membership: Chairman	Biography/Experience: A banker by profession, Odunayo was the pioneer Managing Director/Chief Executive Officer of Chartered Bank Plc., and a former Managing Director of National Bank of Nigeria Plc (2000 - 2003). Prior to that, he was the General Manager/Chief Credit Officer of International Merchant Bank Plc (1975 - 1987). He holds a first degree in Engineering from Massachusetts Institute of Technology ("MIT") (1969) and a Masters'™ degree from the prestigious MIT Sloan School of Management (1974). He is currently the Chairman of Quantum Capital Management.
Mr. Kofi Abunu Educational & Professional Qualification: Bachelor of Arts degree in International Business and Marketing from the University of London, UK (1997) \| CIM, UK (1998) Date of Appointment: 7th March 2022 Committee Membership: Managing Director	Biography/Experience: Kofi has over 28 years international experience in management roles in the food and hospitality industry having previously worked with global brands such as McDonald's (UK), Nando’s, Steers (Ghana), and Innscor West Africa Limited (operators of multi-brand food court). He was head of Operations with their partnership with Exxon Mobil managing the ‘On the Run brand’. Kofi started with Food Concepts in 2007 as a GM for the Chicken Republic Brand. Over the years, he has operated in several African countries including Nigeria, South Africa & Ghana. His most recent appointment was from Divisional Managing Director - Business Development to Managing Director/CEO Food Concepts Plc which took effect from 7 March 2022.
Dr. Anthonia Agbonifo Educational & Professional Qualification: Graduate of accounting from Yaba College of Technology \|MBA with merit from the University of Liverpool UK \| Doctorate from European American University \| Fellow of ICA \| Fellow of IMC \| Chartered member of ICAN (2004) \| Member of NIM \| Diploma in IFRS from ACCA Date of Appointment: 28th March 2019 Committee Membership: Executive Director	Biography/Experience: Anthonia is a Chartered Accountant with over 20 years of experience in auditing, accounting, treasury, risk management, IFRS, finance, Sarbanes Oxley review, processes, and advisory services across numerous industries. Anthonia is an Institute of Chartered Accountants of Nigeria ("ICAN") prize winner and has attended numerous local and international training courses on leadership, management, taxation, auditing (IFRS, Nigerian & US GAAP), team management, Sarbanes Oxley, controls and is also a skilled facilitator. Anthonia has served on two key committees of the board of ICAN i.e. PPMC for five years and MAC for one year. Anthonia worked with Akintola Williams Deloitte and PriceWaterhouse Coopers in senior management functions. Anthonia joined Food Concepts Plc as the Group Chief Financial Officer in 2014 and is also the Divisional Managing Director of the International Finance and Shared Services Division.
Dr. Ikenna Okongwu Educational & Professional Qualification: Bachelor of Medicine & Bachelor of Surgery (MBBS) from the University of Jos (1991) \| Post Graduate Diploma in Human Resources from the Thames Valley University, UK (2001) \| Master’s in Management (MiM) from the Smurfit Business School in the University College Dublin Ireland (2011) Date of Appointment: 7th March 2022 Committee Membership: Executive Director	Biography/Experience: Ikenna is currently the Divisional Managing Director – Operations of Food Concepts Plc. He graduated as a Medical Doctor and has more than 25 years’ experience in the QSR industry, 18 of those in the United Kingdom and The Republic of Ireland. He worked as an Area Coach and Human Resources Manager in the United Kingdom with Yum Restaurants International (KFC) and as the Head of Operations in the Republic of Ireland with MBCC Foods Ltd (KFC Franchisee). In addition, Ikenna worked with KFC Nigeria as the Operations Leader prior to working with Food Concepts Plc. He was instrumental and led the growth of MBCC Foods in Ireland, and the turnaround and growth of the Food Concepts business in Nigeria.
Mr. Babatunde Fajemirokun Educational & Professional Qualification: Bachelors' degree in Business Economics from Glasgow, UK (2000) \| Business Information Strategy Master's degree (dist.) from University of Strathclyde (2002) \| MBA in Finance from University of Chicago Booth School of Business (2013). Chartered Insurer (ACII) Date of Appointment: 7th December 2016 Committee Membership:(i) Finance & General Purpose Committee. \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Mr. Babatunde Fajemirokun is the Managing Director & CEO at AIICO Insurance Plc; a leading financial services group in Nigeria. Mr. Fajemirokun joined AIICO Insurance Plc, Life Insurance Division, as CIO in May 2009, and was responsible for value-enhancing projects in its maiden growth strategy, business process, and technology transformation projects. Prior to AIICO, he worked with Accenture, Lagos (2003-2007) and then Capgemini Consulting, UK (2008- 2009). In both roles, Babatunde provided consulting/advisory services to financial services and Government clients predominantly in mergers and acquisitions and then United Kingdom government transformation programmes. His experience spans across Management Consulting focused on strategy & technology-led change in Financial Institutions and Government; Insurance & Asset Management focused on strategy, retail and corporate insurance, insurance (actuarial) & investment risk management, process/ technology-led change, turnarounds, corporate finance, and corporate management.
Mr. Babacar Ka Educational & Professional Qualification: Bachelor of Science in Business Administration and Finance from the University of California (2003) \| MBA from the University of Oxford (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Audit Committee \| (ii) Remuneration & Corporate Governance Committee	Biography/Experience: Babacar is an investment principal at Development Partners International LLP with 19 years of finance and investment experience spanning private equity, debt investing and equity research. Prior to DPI, Babacar worked at Standard Bank Group in the UK and was an investment analyst in the Global Transaction Team at the IFC in Washington DC.
Mr. Marc Stoneham Educational & Professional Qualification: BA (Hons) in Modern History from the University of Oxford (1st class) (2003) \|MBA from INSEAD (Dean's List) (2010) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| Remuneration & Corporate Governance Committee	Biography/Experience: Marc worked at McKinsey & Company serving African and other emerging market clients across multiple industries and functions, with a focus on natural resources. Prior to McKinsey, Marc worked in private equity at Actis and Kingdom Zephyr, and for Accenture strategy consulting.
Mr. Adefolarin Ogunsanya Educational & Professional Qualification: BSc (Hons) in Computer Engineering from NJIT (2007) \| MBA in Finance and Entrepreneurial Management from The Wharton School, University of Pennsylvania (2014) Date of Appointment: 26th September 2017 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee \| (iii) Remuneration & Corporate Governance Committee	Biography/Experience: Adefolarin is an investment professional at Development Partners International LLP with over 13 years of experience in investment banking and private equity. Prior to DPI, Folarin was an investment professional at Helios Investment Partners and an investment banker at Credit Suisse in New York. He has experience in Corporate Finance, capital allocation and Strategy.
Mrs. Yemisi Akinbo Educational & Professional Qualification: BSc degree in Accounting from the University of Lagos (1999) \| MBA from the London Business School (2015) \| Associate of the Institute of Chartered Accountants of Nigeria Date of Appointment: 29th September 2021 Committee Membership: (i) Finance & General Purpose Committee \| (ii) Audit Committee	Yemisi is a seasoned finance and investment professional with over 20 years’ experience in banking, asset management and private equity. She is currently a Principal at African Capital Alliance (ACA) where she is responsible for overseeing investments in the consumer goods sector. At ACA, she was previously the Head of the Investor Management and Fund Administration function. Prior to joining ACA, Yemisi worked with the First City Group, a leading financial services group in Nigeria. Yemisi has a BSc. degree in Accounting from the University of Lagos (1999) and an MBA from the London Business School (2015). She is also an Associate of the Institute of Chartered Accountants of Nigeria.
Mr. Benjamin Dabrah Educational & Professional Qualification: BSc degree in Land Economy from the Kwame Nkrumah University of Science and Technology, Ghana (1999) \| BSc degree in Financial Services from the University of Manchester, UK (2006) \| MSc in Public Policy Economics from the University of Hull, UK (2001) Date of Appointment: 29th September 2021 Committee Membership: (i) Remuneration & Corporate Governance Committee

Brands Customers Love

ENVIRONMENTAL & SOCIAL RESPONSIBILITY

Employment & Skills Development

Diversity & Equal Opportunity

Inclusive Business Practices

Health, Safety & Consumer Protection

Positive Impact

Animal Welfare

Looking Ahead: Future Commitment

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