Press Release
PRESS STATEMENT
Transcorp suspends GMD, two others
The Board of Transnational Corporation of Nigeria (Transcorp) plc, after its meeting of May 28, 2009, announced the indefinite suspension of Tom Iseghohi, group managing director/chief executive officer; Mohammed Buba, company secretary; and Mike Okoli, deputy general manager, from office pending the determination of the suit instituted against them by the Economic and Financial Crimes Commission (EFCC).
The move is to ensure the smooth running of the day-to-day operations of the company.
The Board had, in an earlier meeting, named Nick Okoro, the general manager, business development, as the interim chief executive officer of the company.
...ends
Wednesday, June 10, 2009
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