eTranzact International PLC has announced the appointment of Ernst &Young Nigeria, as its external auditor.
This disclosure signed by the company’s Secretary, Bernice Anya, was sent to the Nigerian Stock Exchange (NSE) on October 6, 2020, as part of the resolutions of the Annual General Meeting (AGM) of the company held recently in Lagos, Nigeria.
This is in pursuant of Section 361 of the Companies and Allied Matters Act CAP C20, LFN2002. The recent disclosure is a genuine attempt geared towards engendering transparency in its financial dealing, through appointing a reputable brand to help audit its accounts, especially given its financial scandal two years ago, which negatively affected its reputation.
Recall that Nairametrics had earlier reported the notice of the board meeting of the concerned organization; in light of this, the following are other notable resolutions passed in the Annual General Meeting.
- That the Audited Financial Statements for the year ended December 31, 2019, together with the reports of the Directors, Auditors, and Audit Committee be received.
- That pursuant to Section 259 (1) of the Companies and Allied Matters Act CAP C20, LFN 2004, the reelection of the retiring Directors – Messrs. Olayimika Phillips, Judedavid Mbamalu, and Olayinka Oluwatimehin be and are hereby approved.
- That pursuant to Section 361 of the Companies and Allied Matters Act CAP C20, LFN 2004, the Directors be and are hereby authorized to fix the remuneration of Ernst & Young (Nigeria) for the financial year ending December 31, 2020.
- That pursuant to Section 359 (4) of the Companies and Allied Matters Act, CAP. C20 LFN 2004, Messrs. Dominic Ichaba, Mathias Dafur, and Robert Ibekwe, be and hereby elected as representatives of the Shareholders, and Messrs Anthony Egbuna, Afolabi Oladele, and Judedavid Mbamalu as Board representatives on the Audit Committee of the Company.
