Mutual Benefits Assurance AGM 2026: Dividend and Key Resolutions
Mutual Benefits Assurance Plc has filed the resolutions passed at its 30th Annual General Meeting held virtually on 6th August, 2026. The filing covers dividend approval, director re-elections, auditor remuneration, and committee appointments.
Mutual Benefits Assurance Plc (MBENEFIT) has disclosed eight resolutions passed at its 30th Annual General Meeting, held virtually on Thursday, 6th August, 2026.
Shareholders approved a dividend of ₦802,464,895.88, representing 4 kobo per ordinary share of 50 kobo each. The qualification date for the dividend was 21st July, 2026.
The audited financial statements for the year ended 31st December, 2025, along with reports from the Directors, Auditors, and Statutory Audit Committee, were received by shareholders.
Three directors (Mr. Lateef Bakare, Mrs. Wunmi Eniola-Jegede, and Mr. Abidemi Sonoiki) were retired and re-elected to the board. KPMG Professional Services was retained as auditor, with the board authorised to fix their remuneration for the financial year ending 31st December, 2026.
Non-Executive Director remuneration was approved at ₦41,000,000 for the 2026 financial year. Six individuals were appointed to the Statutory Audit Committee, comprising three shareholder representatives and two directors' representatives. The renewal of a general mandate for related party transactions was also approved.
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