Quantcast
Punch Newspapers punchng.com 03 Aug, 2022 01:30 am

Matters arising

Matters arising
The Federal Government of Nigeria last month announced the unveiling of the latest private company in town registered under the CAMA Act., Nigerian National Petroleum Corporation Limited.

In presenting this new baby, NNPC Ltd, the need to know the Memorandum of Association, Articles of Association, names and addresses of the original subscribers to the Memo and Articles of Association, the shareholding structures as well as the names and addresses of the shareholders.Also worthy to be known is the minute of the first meeting where the first directors were elected or appointed, and the board resolution where the chairman was nominated and subsequently elected/appointed by the original subscribers to the Memo and Articles of Association.As we speak, these details are shrouded in secrecy, as the original subscribers to the Memo and Articles of Association were not declared.3rd August 2022 NNPC 3rd August 2022 The Federal Government of Nigeria last month announced the unveiling of the latest private company in town registered under the CAMA Act.

The transformation of the body corporate NNPC to a company registered under the CAMA Act as NNPC Limited as we, the people of Nigeria were made to believe at the ceremony, will turn the fortunes of the former conglomerate around for the better.If indeed we are not going on a journey to nowhere, it is apparent that the present actors have outlived their experiences and the need to restructure to have a world-class company registered under the CAMA Act.

Read full story at punchng.com