January 7, 2015

Shareholders of Ikeja Hotels Plc remove Chairman

Dami Adepoju

In an extraordinary general meeting held on Tuesday, January 5th 2015, shareholders of Ikeja Hotels Plc (IKEJAHOT:NL) voted to remove the chairman, Goodie Ibru.  The listed company, which owns Sheraton Ikeja, is a core investor in Capital Hotel Plc (owners of the Sheraton Abuja), and is a major shareholder of Tourist Company of Nigeria (owners of the Federal Palace Hotel Lagos).

The meeting was held unconventionally due to a court order preventing normal proceedings.  Shareholders conducted the meeting outside the premises of the Sheraton Hotel, voting in favor of four resolutions.  Olumide Braithwaite was appointed chairman to replace Goodie Ibru.  Tunde Sarumi was appointed director of the company. KPMG was appointed to carry out a forensic audit of the firm’s management between 1999 and 2014, as well as a forensic audit of the share register and verification of the funding and payment for the shares of the company.

The company had previously been unable to pay out dividends due to planned refurbishments of the Sheraton Ikeja.

Related Articles

INDUSTRY NEWS

Sun International: The latest hotel company to exit Nigeria

READ MORE
INDUSTRY NEWS

Listed Real Estate Update: UHOMES REIT Performance Indicators, Ikeja Hotels Suspension Lifted and Infinity Mortgage Bank Results

READ MORE
INDUSTRY NEWS

Sun International edges closer to sale of Federal Palace Hotel in Lagos

READ MORE

Access the data you need now

It's free to sign up! Check out reports, the directory and interactive dashboards.

Sign up for free