LASACO Shareholders Approve 5k Dividend, Praise Management

Shareholders of LASACO Assurance Plc have approved the payment of 5 kobo per unit of share for the year ending 31 December, 2019.

They took the decision on Tuesday, 15 September, 2020 during the 40th Annual General Meeting (AGM) which took place at Oriental Hotels, Lagos.

The approval to pay the dividend was taken sequel to a motion moved by the acting Chairman of the AGM, Engineer Sani Ndanusa which was supported by Mrs Bisi Bakare.

The approval was granted by 288 shareholders who voted by proxy and 13 shareholders who were physically present at the venue of the AGM.

Engineer Ndanusa presided over the event as acting Chairman in the absence of the erstwhile Chairman of the company, Mrs Aderinola Disu, who resigned shortly before the AGM.

Addressing the gathering, Engineer Ndanusa heaped praises on the Derin Disu-led management saying that her tenure brought positive and remarkable changes to the company.

“Mrs Disu really performed well and her tenure brought about remarkable changes to LASACO. It was during her time that LASACO started paying dividends. During her time, staff welfare improved remarkably and during her time, the equity of the company also improved.

“It was also during her time that LASACO built a befitting headquarters that can compete with any of its contemporary in Nigeria and beyond, and she did a lot in the rebranding of the company. We are saying thank you to Mrs Disu for her service to this company,” he said.

Shareholders at the meeting also reelected both Engineer Ndanusa and Otunba Akin Doherty as directors of the company while Mr Mathew Akinlade was elected as the Shareholders’ representative at the Statutory Audit Committee.

The shareholders also voted to authorise the Directors to fix the remuneration of the Auditors.