Babatunde Irukera, former executive vice-chairman and chief executive officer (CEO) of the Federal Competition and Consumer Protection Commission (FCCPC)
Veritas Kapital Assurance Plc has elected Babatunde Irukera, former executive vice-chairman of the Federal Competition and Consumer Protection Commission (FCCPC), as chairman of the company’s board of directors.
According to NAN, Irukera’s election followed a unanimous decision by shareholders at the company’s 48th annual general meeting (AGM) held in Abuja on Friday.
Addressing concerns raised during the meeting, Irukera pledged that his leadership would prioritise fairness and equal treatment for all shareholders.
Speaking on the ongoing recapitalisation exercise in the insurance industry, he said the process is aimed at making the industry more vibrant.
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Also the former chief executive officer (CEO) of the consumer protection agency, Irukera said Veritas Kapital would carefully review the recapitalisation process to ensure its shareholders are not disadvantaged.
Regarding dividend payment, Irukera pledged that the company’s new management would prioritise timely and consistent disbursements to shareholders.
“Even prior to recapitalisation, we have been on [a] high-speed train to pay dividends,” he said.
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“We are working up to the point that you will receive your dividends.”
At the meeting, shareholders commended the company for its representation of women on the board and in the management of the firm.
They also urged the organisation to hold future annual meetings promptly to improve efficiency and service delivery.
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