NPF Microfinance Bank Announces Key Resolutions at 30th Annual General Meeting
Detailed Breakdown:
At its 30th Annual General Meeting held on October 31, 2024, in Yola, Adamawa State, NPF Microfinance Bank PLC passed several resolutions concerning dividends, director appointments, auditor remuneration, and committee elections. Below are the key outcomes:
1. Declaration of Dividend:
• Shareholders approved a dividend of 12 kobo per ordinary share for the fiscal year ending December 31, 2023, payable to those listed in the shareholder register as of October 7, 2024.
2. Appointment of New Directors:
• Several individuals were appointed to the board, including:
• Otunba Damilola Samuel Adegbuyi (Non-Executive Director).
• AIG Oyeyemi Adesoye Oyediran, representing the Nigerian Police Cooperative Multipurpose Society.
• CSP Lydia Ememona Ameh, representing the Nigerian Police Welfare Insurance Cooperative Society.
• Mr. Idrisu Dabban Dauda (Non-Executive Director).
• Chief Felix Sunday Chukwurah (Non-Executive Director).
• Mr. Mutalib Atanda Akinlade and Mr. Aduojo Friday Abah as Independent Non-Executive Directors.
• Mrs. Olamide Mojisola Akin-Balogun as Executive Director of Finance and Administration.
• Mr. Habeeb Amuda Yusuf as Managing Director.
3. Remuneration of Auditors:
• The board was authorized to set the remuneration of the auditors, Deloitte & Touche, in accordance with the Companies and Allied Matters Act (CAMA) 2020.
4. Election of Audit Committee Members:
• Shareholders elected Chief Timothy Adesiyan, Mr. Abdulquadri Sanni, and Mrs. Osijo Omobola Esther to the Audit Committee, with Mr. Mutalib Atanda Akinlade and Mr. Said Umar Garba Fagge representing the board.
5. Remuneration of Non-Executive Directors:
• The annual remuneration for Non-Executive Directors for 2024 was set at N50,000,000.
This summary reflects NPF Microfinance Bank’s ongoing governance commitments and its strategic initiatives for effective oversight and leadership.
Contact: Osaro Idemudia, Company Secretary
Detailed Breakdown:
At its 30th Annual General Meeting held on October 31, 2024, in Yola, Adamawa State, NPF Microfinance Bank PLC passed several resolutions concerning dividends, director appointments, auditor remuneration, and committee elections. Below are the key outcomes:
1. Declaration of Dividend:
• Shareholders approved a dividend of 12 kobo per ordinary share for the fiscal year ending December 31, 2023, payable to those listed in the shareholder register as of October 7, 2024.
2. Appointment of New Directors:
• Several individuals were appointed to the board, including:
• Otunba Damilola Samuel Adegbuyi (Non-Executive Director).
• AIG Oyeyemi Adesoye Oyediran, representing the Nigerian Police Cooperative Multipurpose Society.
• CSP Lydia Ememona Ameh, representing the Nigerian Police Welfare Insurance Cooperative Society.
• Mr. Idrisu Dabban Dauda (Non-Executive Director).
• Chief Felix Sunday Chukwurah (Non-Executive Director).
• Mr. Mutalib Atanda Akinlade and Mr. Aduojo Friday Abah as Independent Non-Executive Directors.
• Mrs. Olamide Mojisola Akin-Balogun as Executive Director of Finance and Administration.
• Mr. Habeeb Amuda Yusuf as Managing Director.
3. Remuneration of Auditors:
• The board was authorized to set the remuneration of the auditors, Deloitte & Touche, in accordance with the Companies and Allied Matters Act (CAMA) 2020.
4. Election of Audit Committee Members:
• Shareholders elected Chief Timothy Adesiyan, Mr. Abdulquadri Sanni, and Mrs. Osijo Omobola Esther to the Audit Committee, with Mr. Mutalib Atanda Akinlade and Mr. Said Umar Garba Fagge representing the board.
5. Remuneration of Non-Executive Directors:
• The annual remuneration for Non-Executive Directors for 2024 was set at N50,000,000.
This summary reflects NPF Microfinance Bank’s ongoing governance commitments and its strategic initiatives for effective oversight and leadership.
Contact: Osaro Idemudia, Company Secretary