Africa Prudential Appoints New Directors 

Africa Prudential Plc has announced the appointment of Mr. Oluwaseyi Abe as an Independent Non-Executive Director and Mr. Chidi Okpala as a Non-Executive Director.

These appointments took effect from January 28, 2024, pending the approval of the Securities and Exchange Commission (SEC).

In a recent statement signed by the company secretary, Mr. Joseph Jibunoh, Africa Prudential Plc notified the Nigerian Exchange Limited (NGX), its shareholders, and the investing public of the appointments.

The company expressed confidence in the expertise and leadership of the newly appointed directors, expecting them to contribute significantly to its strategic direction and performance.

Mr. Abe currently serves as the Managing Director and Chief Executive Officer of Magnartis Finance and Investments Limited. He has extensive experience in stockbroking, investment management, and financial services. His career includes a tenure as Chief Dealer at Lead Capital Limited before joining Magnartis Finance and Investments Limited in 2006, where he was seconded as Chief Investment Officer to AIICO Pension Managers Ltd. In 2015, he was elected as the President and Chairman of the Council of the Chartered Institute of Stockbrokers. He has also played active roles on several boards and committees of regulatory institutions, including the Nigerian Exchange Group (NGX), the Securities and Exchange Commission (SEC), and the Central Bank of Nigeria (CBN).

Mr. Okpala is the founder and leader of Asante Financial Services Group, a fintech company providing credit solutions to Micro, Small, and Medium Enterprises (MSMEs) across Kenya, Uganda, and Rwanda. Under his leadership, Asante Financial Services has successfully on boarded over 520,000 MSMEs customers, offering embedded digital credit solutions within the value chains of large corporates. He has streamlined credit processes, reducing loan application-to-disbursement time to under 60 seconds, and has secured over 20 high-impact business to business (B2B) partnerships across key industries, including telecommunications, banking, payments, insurance, e-commerce, mobility, and FMCG sectors. He has also played a crucial role in raising $15 million in equity, debt, and convertible debt financing to support the company’s expansion.

Africa Prudential Plc, a leader in Share Registration and Data Management services, has been at the forefront of innovation and excellence in the Nigerian Capital Market for over five decades. With the addition of these two distinguished professionals to its board, the company is poised to further strengthen its market position and sustain stakeholders’ trust and confidence.