eTranzact International Plc Announces Changes To Its Board

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Wednesday, August 08, 2018/ 10:30AM / NSE

eTranzact International Plc (”The Company”) wishes to inform its esteemed Shareholders, Stakeholders, The Nigerian Stock Exchange (”The Exchange") and the general public that the following changes have occurred on the Board:


Mr. Paul Obanua- Non- Executive Director

Mr. Paul Obanua is the Group Managing Director of Greenfield Assets Limited. He qualified as a Geophysicist from 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.

Mr. Judedavid Ogochukwu Mbamalu - Non-Executive Director

Mr. Judedavid Ogochukwu Mbamalu holds an LL.B from the University of Nigeria and a Master’s 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 Institute 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.

Mr 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 Ltd among other companies.

In recognition for his contribution to the Nigerian Engineering Industry, Mr. Oluwatimehin was awarded fellowship of the Nigerian Society of Chemical Engineers (NSChE) in 2013.

Mr. Olaniyi Toluwalope-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 International 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 Industrial Products. He also worked at JPMorgan Securities Investment Banking Division and Credit Suisse First Boston’s Investment Banking unit in New York City. Mr. Toluwalope is currently the Interim Chief Executive Officer of eTranzact International PLC.

Resignation Of Director-Mr. Bayo Adeyemo

Mr. Bayo Adeyemo has notified the Company of his decision to resign from the Board as a Non- Executive Director.

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