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Tuesday, January 31, 2023

LivingTrust Mortgage Bank Makes Public Resignation of Director

Mr. Omolaja’s resignation is voluntary, according to a regulatory filing placed on the Nigerian Exchange website on Wednesday by the Osogbo-based principal mortgage lender.

Until his exit, he served as an independent non-executive director and chaired the company’s Board Investment and Credit Committee.

LivingTrust Mortgage Bank said Mr Omolaja left to pursue other personal aspirations.

“The resignation of Mr Omolaja was accepted by the Board of Directors of the Bank at its meeting of Friday, 20th of January, 2023,” it stated.

The company reported a 79.3 per cent surge in net profit to N909.2 million for the financial year 2022, according to its unaudited financial statements as revenue crossed N2.5 trillion.

It expects bottom line to hit N258.9 million this quarter and revenue N903.8 million, as shown in the forecast it issued in December.


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