Trans-Nationwide Express Plc

Logistics company, Trans-Nationwide Express Plc, has announced the removal of three Non-Executive Directors from its board of directors.

The three former Non-Executives were “removed” at the same time, effective July 11th. This was in line with the decision reached during the company’s Annual General Meeting which took place last week.

Note that this latest development follows last week’s resignation of Ms Oluwatosin A Adebayo from the company. She was also a Non-Executive.

The Affected Persons: According to a notification sent to the Nigerian Stock Exchange, the “removed” Non-Executive Directors are — Mrs Aderonke A. Fatade, Mrs Nneka Ikejiani, and Alhaji Alhaji B Jimada. No further reason was given for their removal.

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Mrs Aderonke A. Fatade: Mrs studied Agric Economics at Oklahoma State University from where she graduated in 1979. She then obtained an MBA from Golden Gate University Graduate School in 1981. In 1991, she graduated with a Bachelors of Laws from the Lagos State University. She later acquired a Masters’ of Law in 2005 from the same university.

She has worked for different financial institutions, served as a Director on the board of the Nigerian Stock Exchange between 2008 and 2012, and currently serves as a director in Sterling Assurance Nigeria Limited.

Mrs Nneka Ikejiani: In 1990, Mrs Ikejiani graduated with a BSc. in Economics from the University of Lagos. She later graduated with an MBA in 1995 from the City University Business School, London.

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Deal book 300 x 250
Deal book 300 x 250

Mrs Ikejiani is said over seventeen years of experience in Project Management and Financial PLanning. She has been employed by many reputable companies both and outside Nigeria, including Microsoft.

Alhaji Alhaji B Jimada: Mr Jimada studied English Language at Ahmadu Bello University Zaria, graduating in 1981. He is more of a technocrat than he is a businessman. This is because he “he held various positions in the Kwara State Governor’s office from 1982 where he was at different times, the Information Officer”.

He also worked at the Kwara State Utility Board and was later appointed as the Acting General Manager of the Board of Kwara State Water Corporation.

Earlier today, Trans-Nationwide Express Plc traded 1,305 volume of shares on the Nigerian Stock Exchange and ended trading on the Nigerian Stock Exchange at N0.73.

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