By Jennifer Kelechi
Nwannegadi Microfinance Bank Nigeria Limited has announced plans to hold its 19th Annual General Meeting (AGM) virtually at 10:00 a.m. on December 5, with shareholders expected to deliberate on key financial and administrative matters concerning the bank.
According to a notice signed by the Company Secretary, Ogike Adamma, the meeting will review the bank’s financial performance for the year ended December 31, 2025, including the reports of the Directors, Auditors and Statutory Audit Committee.
Shareholders will also consider a proposed dividend payment of five kobo per share for the 2025 financial year, subject to approval.
The AGM will further consider the appointment of Nnamdi Osita Okonkwo and Co. as the bank’s new external auditors following the expiration of the tenure of Raphael Anyama and Co. on December 31, 2026.
Other items on the agenda include the election of members of the Statutory Audit Committee and other administrative matters.
The notice stated that shareholders who are unable to attend the virtual meeting may appoint proxies to represent and vote on their behalf, provided the necessary documents are submitted at least 48 hours before the meeting.
It added that the virtual meeting link would be communicated to shareholders through email, WhatsApp or SMS.
If the proposed dividend is approved, dividend warrant advice will be made available for collection at the Company Secretary’s office.
