ORISEH MAKES HISTORY AT BOC GASES NIGERIA

Mr Gabinus Enuborda Oriseh has made history at B O C Gases Nigeria PLC as a director reappointed  unto the board of directors 15 years after retiring from it.

According to the notice signed by the company CEO, Mr Ayodeji Oseni, Oriseh was reappointed on November 30, this year.

Incidentally, he is also probably the longest serving company secretary in Nigerian history having served in that position  before retirement in 2001 and since retirement.

He had been appointed company secretary in 1985 as part of BOC Gases Nigeria executive team and has thus served in that capacity for 35 years.

He is 71 years old and a chartered accountant by profession.

BOC Gases Nigeria is a member of the international Linde group manufacturing industrial gases, chemicals and other related products.

In line with current recession's impact on manufacturers, figures for nine months to September indicate trying times that even got worse in the third quarter despite 3.92% recovery in core revenue to N527.7m in the quarter.

Thus drop in finance income by 57.8% to N4.16m and by 5.45% to N1558.8m for total income in nine months, led to N0.55m loss compared to N38.8m profit within nine months of 2015.

In the third quarter alone the loss was N23.1m although, if 2015 trend holds, this could still be turned around within the fourth quarter like it happened last year when N14m loss was reported before the year end profit.

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