CORPORATE NEWS: AXA MANSARD, STANBIC IBTC, NAHCO

NEW DIRECTORS AT AXA MANSARD INSURANCE.

Nigerian quoted company, AXA Mansard Insurance PLC has announced the appointment of two new directors to its board as non executive directors.

They are Messrs Ohis Ohiwerei and Madrid based Federic Coppin.

Mr Ohiwerei brings to bear over 23 years experience mostly in top level banking in Nigeria.

He started out in 1992 working at Guarantee Trust Bank,(GTB) until 1998 when he joined Ecobank as country treasurer for Nigeria.

By 2000, he moved over to Diamond bank as chief financial officer then executive director, corporate banking before retiring in 2005.

On October 2011, he was back again to the industry as GTB's executive director commercial banking, Lagos division and public sector. He retired from GTB in 2015.

Ohiwerei holds a bachelor's degree in engineering and an MBA from the university of Benin.

Mr Coppin is currently head, P&C commercial lines of the international platform within AXA emerging markets region and had hitherto held various positions in the international group within northern and eastern regions.

He was appointed to replace Mrs Sahondra Ratovonarivo who resigned from the board.

EX-MINISTER JOINS STANBIC IBTC BOARD

Ex-Minister of Nigeria, Mrs Salamatu Hussaini Suleiman has been appointed as an independent non-executive director of Stanbic IBTC bank PLC.

According to the notice to the Nigerian stock exchange signed by company secretary, Chidi Okezie esq, the appointment has been approved by the board.

She was Women affairs minister in 2008 and later a junior minister for foreign affairs before February 2012 when she was made Commissioner for public affairs, peace and security for ECOWAS.

She holds an LLB from Ahmadu Bello University and am LLM from London school of economics and political science.

Her career spans public and private sectors starting with state counsel in Sokoto state in 1981; stint at Continental Merchant bank then NAL Merchant bank.

She was also company secretary of Aluminium smelter company of Nigeria before serving as Director, legal services with the Securities and Exchange Commission of Nigeria.

EFCC STORMS NAHCO

On July 28 this year, according to formal notice sent to the Nigerian stock exchange, operatives of the Economic and Financial Crimes Commission (EFCC) stormed the head office of Nigerian Aviation Handling Company PLC (NAHCO) on a fact finding mission.

This was sequel to a petition they claimed to have received on NAHCO.

Consequently, the chief executive officer of the company, who was on a short vacation, had to cut this short and take charge following invitation to the EFCC head office extended to some top executives on ground.

The notice was issued in compliance with quotation rules and guidelines and assured investors, local and foreign, that the situation was under control although the outcome of the investigation is still being awaited.

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