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First Guarantee Pension holds EGM

Plans have been concluded by shareholders of First Guarantee Pension Limited (FGPL) for an Extra-ordinary General Meeting (EGM) to re-constitute its board. The Extra-ordinary General…

Plans have been concluded by shareholders of First Guarantee Pension Limited (FGPL) for an Extra-ordinary General Meeting (EGM) to re-constitute its board. The Extra-ordinary General Meeting (EGM) will take place today.
If reconstituted as planned, the board of FGPL will have the responsibility to reposition the company. This will be the first in five years that the shareholders of the company will be meeting to take decisions for the business.
Apart from reconstituting the board of the Pension Fund Administrator FGPL, the EGM  will also allow for reconciliation of the differences among shareholders by facilitating the withdrawal of all pending court suits.
Sources at the company said Chief George Ozodinobi may likely emerge as the company’s chairman and Chijioke Chuku and Co as Company Secretary.
The source revealed that an agreement may have been reached with Nze Chidi Duru, the promoter of the company.
It will be recalled that PenCom had taken over the management of FGPL based on the content of a 2011.

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