DMCL Holds Extraordinary General Meeting

Duport Midstream Company Limited (DMCL) yesterday held an Extraordinary General Meeting (EGM) in Lagos.

Opening the EGM, the Chairperson, Mrs Mobolaji Kuku, reminded the meeting of the importance of transparency and accountability in achieving the Shareholders vision to build a world-class and formidable business.

Critical Ordinary Resolutions passed at the Meeting included: Appointment of a new company secretary in the firm of ULCS – subsidiary of Ukiri & Lijadu – following the resignation of Mrs Akudo Nweke in May 2023 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 and Change of signature mandates for all Company bank accounts.

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

Members noted that these measures were necessary in entrenching proper governance and accountability in the company going forward and safeguarding the interest of creditors and shareholders.

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, “the company said.