e-Tranzact appoints new directors to its board

e-Tranzact has announced the appointment of new non-executive directors. In a notice sent to the Nigerian Stock Exchange (NSE), it announced the appointment of Mr. Paul Obanua, Mr. Jude David Ogochukwu Mbamalu, Mr. Olayinka Oluwatimilehin as Non-Executive directors, while Mr. Olaniyi Toluwalope as Executive Director. It also announced the resignation of Mr. Adebayo Adeyemo as a Non-Executive Director.

Recall that the company recently announced that some of its directors will step down, this is coming in the wake of alleged fraud to the tune of ₦11 billion perpetrated on its platform.

Profile of the new Directors

Paul Obanua (Non-Executive Director)

Mr. Paul Obanua is the Group Managing Director of Greenfield Assets Limited.
He studied Geophysics from the Edo State University (now Ambrose Ali University).
He has completed a number of international programs including a management program (Private Equity-Venture Capital) at the Harvard Business School.
Mr. Obanua is an alumnus of Lagos Business School and also a member of the Nigerian-Chinese Business Council.

Judedavid Ogochukwu Mbamalu (Non-Executive Director)

Mr. Judedavid Ogochukwu Mbamalu holds an LL.B from the University of Nigeria and a Masters degree from the Lagos State University and Queen Mary University, London.
He has obtained a Graduate Certificate in public Policy Administration from Walden University and another certificate in privacy and Data protection (PDP) from the United Nations lnstitute of Training and Research (UNITAR).
He is also a member of the Nigerian Bar Association.
Mr. Mbamalu is currently the Managing Partner of Jumbo chambers.

Olayinka Oluwatimehin (Non-Executive Director)

Mr. Olayinka Oluwatimehin is the founder and Group Chief Executive of Amazon Energy Limited.
He holds a bachelor’s degree in Chemical Engineering from the University of Lagos and has attended various management courses including the owner Manager Program (OMP) at the Lagos Business School.
Mr. Oluwatimehin has considerable experience as a Business Development Engineer.
He is a member of the Board of Trustees of the oil and Gas Engineers of Nigeria(OGDEN) and sits on the Board of Rehoboth Properties Limited among other companies.
ln recognition for his contribution to the Nigerian Engineering lndustry, Mr. Oluwatimehin was awarded fellowship of the Nigerian Society of Chemical Engineers (NSChE) in 2013.

Olaniyi Totuwalope (Executive Director)

Mr. Olaniyi Toluwalope holds a BSc in Accounting and an MBA from the University of Virginia’s Darden Graduate School of Business. He is also a Chartered Accountant.
Before joining eTranzact lnternational Plc as the Chief Financial Officer in 2011, he worked in several units within PricewaterhouseCoopers including Financial Services, Energy and Oil & Gas, Telecommunication, and Consumer and lndustrial Products.
He also worked at JPMorgan Securities lnvestment Banking Division and Credit Suisse First Boston’s lnvestment Banking unit in New York.
Mr. Toluwalope is currently the interim Chief Executive Officer of eTranzact lnternational Plc.

e-Tranzact international was incorporated as a Private Limited Liability Company on the 7th of May 2003. It became a public limited liability company on the 7th of August 2009 and was quoted on the Nigerian Stock Exchange (NSE).