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Home Companies Company News

What Happens To Omatek Ventures After Mrs. Seriki’s Death?

Onome Ohwovoriole by Onome Ohwovoriole
March 6, 2017
in Company News
What Happens To Omatek Ventures After Mrs. Seriki’s Death?
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Nairametrics| The sudden death of the Founder/CEO of Omatek Computers, comes as a great loss to the information and communications technology (ICT) sector and the business community at large.

Mrs Florence Seriki died last Saturday after a brief illness.

Whilst the ICT sector and investing community mourns this loss, shareholders of the company are already mulling who takes over her position as the CEO of the company. Mrs Seriki had been CEO since inception.

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Omatek’s board, is expected to hold an emergency meeting to appoint an acting MD, pending approval by regulators. The stock is presently trading at the minimum share price of 50 kobo and has missed several regulatory filings. Financial statements for 2014, show Mrs Seriki as the single largest shareholder of the company, with a 52% stake.

Omatek computers started out operations in 1988 as a training outfit for blue chip companies like Shell and the Nigerian National Petroleum Corporation (NNPC), then became a distributor of prominent technology brands such as Dell and Acer. The company soon progressed to assembly of computers within the country, as well as having subsidiaries in Ghana.

Tags: NSETech
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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