Gadol Inaugurates Board of Directors

Gadol Financial Services Limited has announced the inauguration of its Board of Directors and the establishment of its Board committees.

The Chairman of the Group, Jakoh Korosi, made the announcement in Abuja.

According to him, while he will now serve as Chairman, Board of Directors, Esesua Adeyemi will serve as an independent director; Queen Nwachukwu, Seember Shankyula and Womi Ebri are now non-executive directors.

All appointments have been confirmed by the Central Bank of Nigeria. Also, Patrick Obi-Akatchak was confirmed as Managing Director/CEO by the board of directors.

Commenting on the development, the MD/CEO Obi-Akatchak said: “A hearty congratulations to each and every one on their appointments.

“We believe this is a step in the right direction and we look forward to greater achievements.

“We will continually uphold the highest standards of corporate governance and adhere strictly to industry guidelines to change the dynamics of financial services for the benefits of our customers and ultimately the society.”

In line with best financial practices, Gadol Financial Services Limited also launched its Board committees, with over 90 per cent of the members being women.

They are: Audit and Risk Management Committee with Adeyemi as chairman; The Credit Committee with Nwachukwu as chairman; Basic Governance and Nomination Committee with Mrs. Womi Ebri as chairman and Remuneration & Human Resource Committee with Shankyula as chairman.

All Board Committee are headed by non-executive directors in line with CBN code of Corporate Governance for Finance Companies in Nigeria.