Omoluabi Mortgage Bank Fixes July 11 for AGM in Osogbo

By Dipo Olowookere

The board of Omoluabi Mortgage Bank Plc has announced that its 5th Annual General Meeting (AGM) will take place next month.

According to the lender, the meeting will hold on Thursday, July 11, 2019 at the Aurora Conference & Event Centre in Osogbo, Osun State.

It was said that during the AGM, shareholders of the company will vote to elect/re-elect directors of the company, and elect members of the Audit Committee.

They will also vote to consider and if thought fit, through a as special resolution, approve the remuneration of directors.

At the meeting too, the board will present to shareholders of the company the audited accounts for the year ended December 31, 2018 together with the reports of the directors, auditors and audit committee.

Omoluabi Mortgage Bank Plc is a primary mortgage institution (PMI) regulated by the Other Financial Institutions Department of the Central Bank of Nigeria (CBN).

The company, based in Osun State’s capital, Osogbo, was incorporated in 1993 and provides mortgage banking services, housing/property development solutions and general financial services.

In 2014, the firm listed its shares on the Alternative Securities Market (ASeM) of the Nigerian Stock Exchange (NSE), becoming the first company in the sector to do so.

Current major shareholding blocks are held by the Osun State Government, 31 Local Governments in Osun State and two major institutional investors.

The company was formerly known as Omoluabi Savings and Loans Plc, but changed its name to Omoluabi Mortgage Bank Plc in January 2016.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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