CORPORATE NEWS: RAK UNITY PETROLEUM, ETERNA, GOLDLINK INSURANCE.


RAK UNITY PETROLEUM'S NEW DIRECTOR

A new director has been appointed to the board of directors of Rak Unity Petroleum PLC in the person of Mr Said Modibbo Ahmed.

According to formal notice from the company, he replaces Mallam Muhammad Lawan Buba who resigned from the board recently.

The appointment was approved during board meeting held on October 27, this year.

Ahmed comes aboard with very wide experience especially in the public sector.

He holds a BA in administration from Ahmadu Bello University Zaria and a masters in public and international affairs from University of Pittsburgh, USA.

He started his career in 1978 as Assistant lecturer at Ahmadu Bello University, then he moved to the University of Maiduguri as academic secretary before serving Gongola state government in various capacities including as permanent secretary, of the Civil service commission and Director General Staff development institute.

He later joined the NNPC group in 1980 as Executive director, Port Harcourt Refinery and later Petroleum products marketing company from which he retired in 1994.

AT LAST, ETERNA PLC HOLDS AGM

At last, the annual general meeting statutorily expected to review and adopt the 2015 annual reports of Eterna PLC has been fixed for December 8, this year.

According to company secretary, Bunmi Agagu esq, the meeting could not be scheduled up till now because the board of directors had to be restructured first.

She said this has been done and affected directors will submit themselves at the AGM for formal approval of shareholders.

The meeting will also consider and approve dividend for the year which once approved, will be paid on December 12 to shareholders in the company's register by November 21.

WHY GOLDLINK INSURANCE 2015 REPORT IS DELAYED

With 2016 financial year drawing to a close, the 2015 financial year report of Goldlink Insurance PLC is yet to be released.

This is because, says the company, there are "some strategic issues that need to be resolved with the auditors and primary regulator, the National Insurance Commission".

These issues, added acting managing director, Funke Moore are paramount to the approval of the accounts and once cleared, audited 2015 report will be submitted on or before second week of January, 2017.

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