REDSTAREX Approves FY 2018 Financial Statements and Appoints Two New Directors

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Wednesday, June 27, 2018 4:05PM / NSE

At the meeting of the Board of Directors of Red Star Express Plc. held on Tuesday June 26, 2018, the Board approved the Financial Statements of the Company for the year ended 31st March 2018. The Financial Statement will be filed with The Nigerian Stock Exchange on or before the 29th of June 2018. 

The Board also accepted the resignation of three Non-Executive Directors - Dr. Mohammed Koguna, Mr. lsaac Orolugbagbe and Prof. Chris Ogbechie after their meritorious services to the Board. The Board appreciates their tireless efforts and wish them well in their future endeavours. The Board further appointed two (2) new Non-Executive Directors: 

Mrs. Chioma Sideso a proven visionary and strategic business leader. She holds an LL.B from the University of Kent, Canterbury, MBA in Business Administration, and has attended various local and international trainings. She commenced her professional career with Marks and Spencer Plc UK between Jan 1999 - Jan 2001, and worked briefly with Jardine Lloyd Thompson Group UK Jan 2001 to April 2002, before moving to Barclay’s Bank UK April 2002 to Nov 2003. She assumed the position of President ADIC insurance Ltd November 2006 and was subsequently appointed the Managing Director of NSlA Insurance Ltd in 2014. 

Mr. Sulaiman Barau (OON, FCIB, FNlM) was a distinguished public servant, and a merchant, commercial and central banker. His over 18 years sojourn as a public servant was initially as a Principal Economist with the Nigerian Mining Corporation and subsequently with the Central Bank of Nigeria, as a Special Adviser to the Governor during which time he briefly acted as Managing Director of the Nigerian Security Printing and Minting Plc, and then as a two term Deputy Governor before he retired in December 2017. Before working at the CBN, he had over 17 years banking experience cutting across four banks namely Continental (formerly Chase) Merchant Bank, Bank of the North, UBA and FSB International Bank. 

He was educated at Ahmadu Bello University, University of Joe and University of Bradford where he acquired Bsc, MSc, post experience and graduate certificates in Economics, investment Analysis and Management Research. He attended over 3 dozen courses in major institutions such as

Euromoney, lnsead, lMD, Wharton,Harvard, Kellogg and Stanford Universities. He is an Alumnus of Harvard Kennedy and lMD Business Schools. He loves soccer, Car Racing, Railways and Geography.

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