BY NKECHI NAECHE-ESEZOBOR—Veritas Kapital Assurance Plc has announced the retirement of four of its Non-Executive Directors from the company’s Board, effective October 16, 2016.
The retiring directors are Hajia Yabawa Lawan Wabi mni, Mrs. Priya Heal, Dr. Oluwafunsho Obasanjo and Mr. Aminu Babangida.
In a notification to the Nigerian Exchange Limited (NGX), shareholders, stakeholders and the general public, the company said the retirements were in line with the directors’ terms of engagement and applicable corporate governance practices.
The Board and Management of Veritas Kapital Assurance expressed appreciation to the outgoing directors for their dedication, invaluable contributions and strategic leadership during their respective tenures.
According to the company, the directors played important roles in supporting its growth and success.
The Board also wished the retiring directors success in their future endeavours, acknowledging their service and contributions to the organisation.
Veritas Kapital Assurance further stated that the appointment of new directors to fill the vacancies created by the retirements would be announced in due course.
