Trademarks Global Concepts Takes Control of eTranzact Board

Trademarks Global Concepts Limited has acquired a controlling 56.18% stake in eTranzact International Plc, resulting in significant changes to the company's board. This acquisition was disclosed in a filing with the Nigerian Exchange Limited (NGX) and included the transfer of 5,168,921,170 ordinary shares from Access Bank Plc, Meristem Trustees Limited (as trustee for Accelerex Holdings), and eTranzact Global Limited.

Following the transaction, Access Bank and Accelerex have exited their respective stakes in eTranzact. The company announced the appointment of new directors: Akinwunmi (Akin) Akinfemiwa, Olatunde Akande, and Doron Grupper as Non-Executive Directors, and Omobola Hollist and Mustapha Ajenifuja, SAN, as Independent Non-Executive Directors. eTranzact has received approval from the Central Bank of Nigeria for these appointments and is updating its records with the Corporate Affairs Commission.

The acquisition followed months of negotiations, and eTranzact reported a 22.6% revenue growth to N16.28 billion in the first half of 2026.