ABCTRANS Announces the Appointment of Directors


Monday, July 23, 2018 10:45AM / NSE

This is to bring to the notice of all stakeholders of ABC Transport Plc and the general public that ABC TRANSPORT PLC recently appointed some persons on its Board of Directors.

The following persons were appointed as Directors:

Executive Directors

1.        Mr Rex Okoro- Director of Financial and Administrative Services

Mr. Rex Okoro was appointed to the Board of Directors of the Company effective 15th July 2018. He joined the company in 2008. He became the Chief financial officer and subsequently promoted to Assistant General Manager in 2010. He was promoted to Deputy General Manager in 2013 and was further promoted to General Manager in 2016. Prior to his appointment to the Board, he was the Chief Financial Officer of the Company.

2.      Mr Ifeanyi Izuka-Director, Operations and Logistics:

Mr Ifeanyi A. Izuka joined the services of the Company in 1998 in the cargo department and subsequently rose through the ranks to become the Assistant General Manager in year 2006. He became Group Head Passenger Operations and Logistics as a Deputy General Manager in 2007.

He was promoted to General Manager in 2017. Prior to his appointment to the Board of Directors, effective 15th July, 2018, Mr Izuka was Head, Strategy, Research and Development.

Non-Executive Director

3.  Drolemac Farms Limited- Represented by Mr Bamidela Asjie Drolemac Farms Limited is a private limited company incorporated in 2012, with its registered address at No 4, Alli Balogun Street, Off Adeniyi Jones, Ikeja, Lagos. It operates in the agriculture / plantation farming sector.

It is engaged in orange orchard farming. The company is a substantial shareholder of ABC Transport, it owns 16.91 % of the issued share capital of the Company. Drolemac Farms Limited is being represented on the Board of ABC Transport by Mr Bamidele Asije.

Mr. Bamidele Asije holds a Bachelor degree in Accounting from Edo State University, Ekpoma, Edo State. He is a chartered Accountant with over 13years professional experience spanning across Insurance, Foreign exchange market and Agricultural sector. He started his career in Gold Link Insurance Company then joined Mainstay BDC Limited in 2009 as the Head of Finance and Compliance a position he held till 2011.

He served as the Managing Director of Zabone BDC Limited between 2012 and 2015 before joining Phronesis Securities Limited as the Financial Controller. He is currently the Chief Finance Officer of Drolemoc Farms Limited.

These appointments will be duly presented to the shareholders at the next Annual General Meeting of the Company in accordance with statutory provisions.


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