Abuja, Nigeria — Veritas Kapital Assurance Plc has successfully concluded its 49th Annual General Meeting (AGM), held virtually on Friday, October 16, 2026. Shareholders and leadership converged to greenlight key financial milestones, ratify executive and board appointments, and set a strategic trajectory for the upcoming fiscal year.
For investors, the meeting underscored the insurer’s ongoing commitment to robust corporate governance, transparency, and strategic operational oversight.
Key Financials and Auditor Approvals Received
Opening the floor to ordinary business, shareholders formally received and adopted the Audited Financial Statements for the financial year ended December 31, 2025, alongside the comprehensive reports laid down by the Directors, the External Auditors, and the Audit Committee.
Additionally, the assembly empowered the Board of Directors to fix the remuneration of the external auditors, Messrs Ernest & Young [cite: ], ensuring an independent and objective audit framework moving forward. Disclosures regarding the remuneration of the company’s managers for the 2025 financial year were also duly presented to the shareholders.
Leadership Continuity and Board Refresh
To maintain strategic continuity, shareholders overwhelmingly approved the re-election of key Non-Executive Directors retiring by rotation:
They are Mr. Babatunde Irukera; Mr. Paul Oki; and Mr. Emmanuel Etuh.
Furthermore, the company fortified its oversight mechanisms by constituting the Statutory Audit Committee for the 2026 financial year [cite: ]. The newly appointed shareholder representatives comprise Mr. Olusegun James Akintunde, Mal. Usman Abaji, and Mal. Muhammed B. Alhassan, alongside board representatives Mr. Emmanuel Etuh and Mr. Paul Oki.
Special Business: Governance and Remuneration Alignment
Under special business provisions, shareholders approved key resolutions designed to drive organizational efficiency:
Director Remuneration: Non-Executive Directors were authorized to fix their remuneration for the year ending December 31, 2026.
Board Evaluation: In a bid to benchmark performance against international best practices, the appointment of Planet Governance Advisory Limited as the official Board Evaluation Consultant was formally approved.
Investor Outlook
With its financial accounts for 2025 cleared, governance structures reinforced, and specialized evaluation consultants onboarded, Veritas Kapital Assurance positions itself to build on its operational growth trajectory and maintain investor confidence through disciplined oversight.
