26 November 2012

Nigeria: Trustfund Pensions Re-Appoints Olejeme, Others

Trustfund Pensions Plc has re-appointed Dr. Ngozi Olejeme as the Chairman, Board of Directors of the company.

The appointment which was announced at Trustfund Annual General Meeting (AGM), Abuja, also saw the reappointment of President of Nigeria Labour Congress (NLC), Abdulwaheed Omar and President of Nigeria Employers Consultative Association (NECA), Chief Richard Uche, into the board of Trustfund.

Speaking at the AGM, Dr. Olejeme, said significant changes were made in the management of the company in the past one year.

She said: "The former Managing Director, Mr. Bernard Ekwe, ceased to be a staff of the company. While thanking him for his contributions to the company during his stewardship, we wish him well in his future endeavours. As a proactive organisation with effective succession plan, the Executive Director, Finance and Administration, Mrs. Helen Da-Souza was appointed immediately as the Acting Managing Director until a substantive one is confirmed. Also, an Independent Director was appointed by the company in the person of Mrs. Osaretin Demuren whose experience expands over 30 years in the financial industry. We welcome her on board."

"Also during the year under review, four (4) vacancies were created on the Board by the resignation and withdrawal of the following Directors: there are Alhaji Buba Gamawa (representing Nigeria Social Insurance Trust Fund, NSITF), Comrade John Odah (NLC), Mr. Nebolisah Arah (Mainstreet Bank Ltd), Olawale A. Edun (Chapel Hill Denham). I am pleased to report that the vacancies were promptly filled by the following nominees of the affected shareholders, as follows: Mr. Aderemi Adegboyega (NSITF), Comrade Ayuba Wabba (NLC), Mrs. Faith Tuedor-Mathews (Mainstreet Bank Limited) and Mr. Mobolaji Balogun (Chapel Hill Denham),"she said.

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