EXPLANATION OF AGENDA ITEMS
Call to Order. – The Chairman will formally open the meeting at approximately 2:00 o’clock in the afternoon.
Certification of Notice and Quorum. – The Corporate Secretary will certify that copies of the Notice of Annual Stockholders Meeting containing the Agenda was duly sent to stockholders and published. The Corporate Secretary will then certify that a quorum exists for the transaction of business.
Approval of the Minutes of the previous Annual Stockholders’ Meeting. – The Minutes of the Annual Meeting held on July 29, 2020 will be approved by the stockholders. A copy of the Minutes is available at the company website, http://hcmutual.com.
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Hadiza Bala Usman The suspension of Hadiza Bala Usman as the managing director of Nigeria Ports Authority (NPA) has caused a crack on the wall of the authority, leaving the maritime sector with substantial afflictions. Few days after the suspension of Bala Usman who is currently facing a probe, the development has unsettled the NPA and the entire maritime sector. The Guardian gathered that the removal of Bala Usman has caused a row among various powerful blocks in the transport sector and loyalists of the Transport Minister, Rotimi Amaechi; the Chief of Staff, Prof. Ibrahim Gambari among others. While many believe that the suspension was hastily taken due to personal grudges and to pave way for Mohammed Koko to head the agency.
Hadiza Bala Usman
The suspension of Hadiza Bala Usman as the managing director of Nigeria Ports Authority (NPA) has caused a crack on the wall of the authority, leaving the maritime sector with substantial afflictions.
Few days after the suspension of Bala Usman who is currently facing a probe, the development has unsettled the NPA and the entire maritime sector.
The Guardian gathered that the removal of Bala Usman has caused a row among various powerful blocks in the transport sector and loyalists of the Transport Minister, Rotimi Amaechi; the Chief of Staff, Prof. Ibrahim Gambari among others.
While many believe that the suspension was hastily taken due to personal grudges and to pave way for Mohammed Koko to head the agency.
• Governors accuse minister of impunity, want suspension quashed
• Lobbyists want Koko dropped as Acting MD
• Minister appoints seven-man panel
By Yusuf Alli, Managing Editor, Northern
The suspension of the Managing Director of the Nigeria Ports Authority (NPA), Hadiza Bala Usman, is causing ripples in the Presidency, The Nation can report.
Hadiza was asked to step aside on Thursday while an administrative panel examines the books of the organisation.
Although the Presidency which ordered the suspension gave no reason for its action, sources said it has to do with the alleged non-remittance of N165.3 billion surpluses of the NPA into the Consolidated Revenue Fund (CRF) by the suspended MD.