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Duport Midstream gets new company Secretary amidst governance enhancement initiatives

Duport Midstream Company Limited has appointed a new Company Secretary, effective immediately.

The decision was reached during the Extraordinary General Meeting (EGM) held on the 18th of January 2024, chaired by the company’s chairman, Mrs Mobolaji Kuku.

ULCS, a subsidiary of Ukiri & Lijadu, has been selected as the new company secretary, succeeding Mrs Akudo Nweke, who resigned from the position in May 2023.

According to the company, the decision to bring ULCS on board as an independent company secretary reflects Duport Midstream’s commitment to upholding the highest standards of corporate governance and accountability.

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Furthermore, the EGM passed other critical Ordinary Resolutions as follows:

Ratification of the appointment of a law firm to represent the Company in ongoing litigations.

Constitution of a Special Committee to urgently engage with Creditors.

Change of signature mandates for all Company bank accounts.

The members also reviewed the progress of the forensic audit approved in October 2022.

Duport Midstream Company Limited remains dedicated to fostering a culture of excellence, transparency, and accountability towards safeguarding the interest of creditors, shareholders and other stakeholders.  

DMCL Shareholders had earlier amended the Agenda of this EGM in order to ensure that it did not contravene existing court orders. 

All banks, contractors, the Corporate Affairs Commission, Stakeholders and the Public are urged to please take note.

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