FTN Cocoa Processors AGM 2026: Key Resolutions Passed

FTN Cocoa Processors Plc (FTNCOCOA) filed the outcome of its 17th Annual General Meeting, conducted virtually on 16 October 2026. Shareholders unanimously approved all resolutions presented at the meeting.

The Directors' Report and Financial Statements for the year ended 31 December 2025, together with the reports of the Auditors and the Audit Committee, were received at the meeting.

Mrs. Titilayo Aderonmu, who retired in line with Section 273(1) of the Companies and Allied Matters Act 2020, was re-elected as a Non-Executive Director. Messrs. BakerTilly Nigeria (Chartered Accountants) were appointed as External Auditors, with the Board authorised to fix their remuneration under Section 408(1)(b) of CAMA 2020.

Three shareholders, Mr. Emmanuel Olaniyi Oladosu, Mr. Chinwendu Achara and Mr. Fawole Taiwo Ganiyu, were elected to the Statutory Audit Committee for the 2026/2027 financial year. Otunba Wale Jubril and Mr. Nathaniel Durant were nominated to represent the Board on the same committee.

Managers' remuneration, as contained in the financial statements, was disclosed pursuant to Section 257 of CAMA 2020. Shareholders also approved ₦2 million as Directors' fees for the year ending 31 December 2026.