• Sunday, February 25, 2024
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BusinessDay

Asue Ighodalo resigns as Okomu Oil’s director

Edo 2024: Group tasks Ighodalo on choice of deputy

Okomu Oil Palm, a food production company in Nigeria, has announced the resignation of Asue Ighodalo as director from its board, effective from December 31, 2023.

This was revealed in a statement on Tuesday, signed by Chukwuebuka Omerole, the company’s secretary.

“The board of directors of the company would like to express its sincere gratitude to Ighodalo for his outstanding commitment and contributions to the company and wish him the very best in all his future endeavours,” the statement said.

Okomu Oil was established, initially in 1976 in Edo State, by the Federal Government of Nigeria before becoming a Public Limited Company in 1990.

In the first nine months of 2023, the company’s profit after tax grew to N20.9 billion from N18.1 billion in the same period of 2022. Turnover increased to N60.1 billion from N50.2 billion.