* Pays 30kobo dividend
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Chuks Udo Okonta
NEM Insurance Plc has said that as part of its strategy for expansion, it plans to have a viable life company stands.
The Chairman NEM Insurance Plc, Dr. Fidelis Ayebae, disclosed this at the 53rd Annual General Meeting (AGM) of the firm in Lagos, adding that the expansion strategy, led to the establishment of NEM Health Limited, which was incorporated in 2022 and commenced operation in 2023.
Ayebae noted that the company’s board recommended a dividend of 30 kobo per N1 ordinary shares amounting to N1,504 943,330, payable to shareholders subject to deduction of withholding tax at the appropriate rate.
He submitted that in line with the companys policy of enhancing the knowledge of members of staff and improving their skills on the job, the management sent over 90 per cent of the staff on various trainings, workshops and conferences during the year under review.
He said good work tools and working environment were also provided for better performances and that deserving, members of staff were promoted during the year.
“Its pertinent to appreciate two executive directors that retired in 2022 after decades of meritorious service to our great company, they are Messrs. Adebayo S.J and Odamah M.A., wishing the duo brilliant success in their future endeavors.
“We give glory to Almighty God who has consistently been our guide and helper. Our excellent progressive performances have been commendable. Hence, I want to use this opportunity to appreciate the GMD/CEO, management and members of staff, who have been so dedicated, hardworking and focused in achieving the set goals. Also, the commitment and cooperation of the Board members are highly appreciated,” he said.
The Chairman appreciated the firm’s shareholders who have been consistent in their zest to add to the growth of the company as well as insurance brokers, agents, re-insurers and numerous clients.
National Coordinator Independent Shareholders Association of Nigeria (ISAN) Moses Igbrude, commended NEM Insurance Plc, for been consistent in payment of dividends to shareholders.
He charged other insurance companies to emulate the firm, stressing that shareholders invested in the companies to maximize dividends, bonus and price appreciation.
