NEM Insurance Plc Director Tenure Expires – NGX Filing
NEM Insurance Plc has filed a corporate action notice with the Nigerian Exchange Limited disclosing the expiration of the tenure of an Independent Non-Executive Director. The filing confirms that Alhaji Ahmed I. Yakasai ceased to serve on the company's board effective 31st December 2025.
NEM Insurance Plc, listed on the Nigerian Exchange Limited, filed a board change notification dated 8th May 2026, informing NGX and the investing public that the tenure of Alhaji Ahmed I. Yakasai as an Independent Non-Executive Director of the company expired on 31st December 2025. The notice was filed on 11th May 2026 by Company Secretary Ifunanya Iwuagwu from the company's registered office at NEM House, 199 Ikorodu Road, Obanikoro, Lagos.
The filing states that Alhaji Yakasai has ceased to serve on the Board of Directors with effect from the expiration date. The Board of Directors acknowledged his contributions during his tenure and extended goodwill for his future endeavours. No replacement or successor Independent Non-Executive Director was announced in this filing.
The disclosure was made in compliance with post-listing requirements of the Nigerian Exchange Limited. Following the departure, the current board composition as listed in the filing includes Tope Smart as Chairman, alongside several Non-Executive and Executive Directors, with Andrew Ikekhua serving as Managing Director.
