Afromedia announces resignation of group’s ED

Afromedia Nigeria Plc, which has sustained the tag minimum regulatory filling (MRF) by the Nigerian Stock Exchange (NSE),has announced the resignation of its Group Executive Director shared services, Mr. S.O.S. Nwachukwu, effective 6th December, 2017. He is said to be focused on pursuing other personal endeavors.

Acting company secretary, Oseni Adeyemi, in a signed statement released by the Nigerian Stock Exchange (NSE) said that the company has in accordance with the provisions of the articles of Association, appointed Mr. Olufemi Sunday Olaiya, as the Executive Director /C.O.O Media business unit of the company.

According to the report, the board is yet to meet to ratify the appointment of Mr. Olaiya and the resignation of Mr. Nwachukwu, but hoped to do so at the company’s scheduled board meeting in the first quarter 2018, ending in March 30th.

Afromedia Plc September MRF for non-rendition of audited financial statements 2017, for the company’s financial year ended 30th September.

Stories by Bonny Amadi