CORPORATE NEWS: SCOA RESTRUCTURES, NEW DIRECTOR FOR NCR

SCOA NIGERIA PLC REGISTERS TWO NEW COMPANIES.

As part of a phased plan, says SCOA Nigeria plc, the group has been restructured to bring in two new companies in a bid to get them focus better with some level of independence.

According to company secretary and legal adviser, Olarewaju Obadina, the two new companies are SCOA Equipment ltd and SCOA Motors Ltd. They remind one though of divisions in the 1980s when SCOA was one of the conglomerates to be reckoned with at the Nigerian stock exchange.

SCOA equipment will focus on equipment for construction, mining, agriculture; materials lifting , fire fighting and oil and gas business.  It will import, assemble  then supplu these equipment while providing providing back up services.

On the other hand, SCOA motors will focus on established brands of vehicles particularly motor cars, trucks, earth moving plants and passenger vehicles.

"This serves as a phase in the company's restructure plan" says Obadina "to enable the Nigerian end user benefit from specialised range of products"

It is also intended to expand the company's capabilities and products with relevant independence.

NEW DIRECTOR FOR NCR NIGERIA

NCR Nigeria plc has announced the appointment of Ms Louise Georgiou as a non-exectutive director of the company with effect from July 18, 2017.

Says company secretary Olufunke Hussain, she fills the vacuum left when the NCR representative on the board resigned recently.

Ms Georgiou is a Cypriot national who is currently the treasury manager NCR Middle East Ltd the division with responsibility for Europe, Middle East and African region.

She is a certified public accountant and holds bachelor of commerce in economics, commercial law and accounting from University of Witwatersrand, Johannesburg, South Africa.

She started her working career with South African Bank of Athens ltd.

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