SUNU Assurances  Holds 33rd AGM By Proxy, Re-Elects Directors

SUNU Assurances  Holds 33rd AGM By Proxy, Re-Elects Directors
By Our Correspondent
SUNU Assurances Nigeria Plc, a foremost Pan-African Insurance company, held its 33rd Annual General Meeting on Thursday 6th August 2020 at the company’s headquarters in Victoria Island, Lagos state.
Attendance at the meeting was strictly by proxy, in keeping with the Government’s directive on physical distancing and the restriction on the maximum number of people allowed in every gathering due to the COVID-19 pandemic.
Members entitled to attend and vote at the AGM were advised to appoint either the Chairman of the Board, Mr. Kyari Abba Bukar, the Managing Director/CEO, Mr. Samuel Ogbodu, the President of the Nigerian Solidarity Shareholders Association, Chief Matthew Akinlade or representatives from the Lagos Zone Shareholders Association to do so on their behalf.
In addition to electing members of the company’s audit committee, shareholders ratified the appointment of Mr. Karim-Franck Dione as non-executive director as well as re-elected non-executive directors, Mr. Kyari Abba Bukar as Chairman, Ms. Taizir Ajala as Vice Chairman and Mr. Ibikunle Balogun, amongst other approved resolutions.
The Chairman of the board, Mr. Kyari Abba Bukar assured the shareholders that the company is on course to achieve the minimum share capital of N10billion as approved by NAICOM.
Shareholders had earlier approved the company’s recapitalization plans at an Extra-ordinary General Meeting held in March 2020.
Although the meeting was attended by proxy, a video live stream was made available on the company’s website in order to enable shareholders with internet access follow the meeting’s proceedings online.
The Chairman of the board, Mr. Kyari Abba Bukar, who could not be physically present, joined the meeting via Zoom, alongside non-executive directors, Ms. Taizir Ajala, Mr. Ibikunle Balogun, Mr. Karim-Franck Dione and Mr. Mohammed Bah.

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