By Moses Ebosele, ebosele@hotmail.com —
The Executive Director of AIICO Insurance Plc in charge of Retail Business, Mr. Olusola Ajayi has resigned from the Board of the Company.
A notice sent to the Nigerian Exchange (NGX) and obtained by City Business News explained that the resignation takes effect from February 4, 2022.
The notice signed by company Secretary, Donard Kanu did not give any reason for the resignation of Mr Ajayi from the Board of AIICO Insurance Plc.
However, the Board and Management of the Company, according to the notice, “commends Mr. Ajayi for his leadership qualities and contributions made to the growth of the Company during his stay in the Company and on the Board and wish him well in his future endeavours”.
Meanwhile, the Board of AIICO Insurance Plc has approved the unaudited Financial Statement for the 3rd quarter ended September 30, 2021.
“We refer to our September 22, 2021 announcement wherein we informed the investing public and the Nigeria Exchange Limited (NGX ) of the Board Meeting scheduled for October 21, 2021.
“We are pleased to inform the investing public and the Exchange that the Board of Directors of AIICO Insurance Plc met as announced and considered and approved the Group’s Unaudited Financial Statement for quarter three (Q3 2021) ended September 30, 2021 and Bonus issue, subject to the approval of the Company’s shareholders.
“The Board further approved that the Company’s Annual General Meeting shall hold on Tuesday November 30, 2021.
“In view of the above, all Directors, Persons discharging managerial responsibility, Adviser(s) of the Company, or their connected persons are reminded that as announced on 22 September 2021, the Closed Period declared by the Company is still in force until 24 hours after the accounts is filed with the Exchange.“
