In what has been described as a major shake-up , the leadership of Tourist Company of Nigeria Plc, (TCN), has removed former Chairman of the Company, Chief Anthony Idigbe and appointed Mrs. Erejuwa Gbadebo as the new Chairperson of the Board of Directors, reports Business Today NG.
This was contained in a statement signed by the management of the company, which said the changes took effect from July 22, 2025.
The development, it was gathered was as a result of the outcome of an emergency Board meeting convened to address mounting governance concerns.
According to the statement: “ The Board took this decision in view of the compromised and conflicted position of OOT
Nominees, which is directly or indirectly accountable to Chief Anthony Idigbe, SAN, the former Chairman of the Board due to his position as Director of OOT Nominees.
This relationship has raised concerns regarding the independence and objectivity of OOT Nominees in the discharge of its duties to the Company and the Board.
The conflict was evident in several ways, including the misrepresentation of the proceedings of Board meetings and the alignment of the Company Secretary’s conduct with the interests of the former Chairman rather than with the Board and the Company as a whole.
*Such actions are inconsistent with the expected neutrality and professionalism of a Secretary to the Board and the Company.
*The Board is confident that Gbenga Biobaku & Co., in its capacity as Acting Company Secretary, will discharge its responsibilities with the requisite independence, integrity, and professionalism”.
*The Board is confident that Gbenga Biobaku & Co., in its capacity as Acting CompanySecretary, will discharge its responsibilities with the requisite independence, integrity, and professionalism”
The Company added that the firm is expected to provide professional secretarial services with the level of independence, transparency, and integrity required under corporate governance best practices.
In addition, the board further expressed its confidence in the new appointments, emphasising that the changes are part of efforts to reinforce sound governance, protect shareholder value, and foster a culture of accountability at all levels of the organisation.
It also reassured investors, regulators, and stakeholders of its commitment to ethical leadership and transparency in its operations.
