Shareholders of VFD Group Plc have approved a dividend payment of 25 kobo per share for the financial year ended December 31, 2025, following the company’s 10th Annual General Meeting held in Lagos.
The meeting, which took place physically at the Radisson Blu Anchorage Hotel in Victoria Island, also saw shareholders approve the company’s audited financial statements alongside the reports of directors and auditors for the 2025 financial year.
Shareholders re-elected Omolola Bolusire as a director of the company after she retired by rotation and presented herself for re-election.
The company also secured shareholder approval for the re-appointment of PricewaterhouseCoopers Nigeria as external auditors in line with the provisions of the Companies and Allied Matters Act 2020. Directors were authorised to determine the auditors’ remuneration for the 2026 financial year.
At the meeting, shareholders re-elected members of the statutory audit committee, including Alhaji Kabiru Tambari, Chijioke Ugorji and Ifeoma Thecla Okonkwo as shareholder representatives, while Kelvin Orogun and Adeniyi Adenubi will continue as board representatives on the committee.
In compliance with Section 238 of the Companies and Allied Matters Act 2020, the company disclosed the remuneration of managers as contained in its annual report.
Shareholders further approved the remuneration of non-executive directors at N127.88 million for the financial year ending December 31, 2026. The approved remuneration takes effect from January 1, 2026.
Nonso Okpala leads the diversified investment company as Group Managing Director, while Olatunde Busari serves as chairman of the board.