IN a move to reap from diversification strategy, shareholders of Nigerian Aviation Company, NAHCO Plc, have called on the Board of Directors to reinstate the technical management service agreement with Rose Hill Group(RHG) Limited that was terminated last year. In expressing their confidence in the Board, the shareholders unanimously approved all resolutions tabled before them by the board and urged the new chairman, Architect Usman Bello to build on the success of his predecessor.
Speaking at the company’s Annual General Meeting, AGM in Abuja, the shareholders commended the board and management for the improved results despite the challenging operating environment. All the shareholders, who spoke at the meeting pledged their support for better future results and urged the board and management to sustain the performance. Revd Goodluck Akpore of Onitsha Zone Shareholders Association, who spoke the minds of shareholders present said “ NAHCO should restore the technical management service agreement with Rose Hill Group (RHG) Limited that was terminated last year.
RHG, which is a shareholder of NAHCO, had an agreement with the company to provide management service, but it was cancelled from the second quarter of 2016. However, Akpore said “diversification strategies currently being implemented by NAHCO are some of the benefits of the agreement, saying if RHG is left to go, it would impact negatively on the future performance of the company.”
Source:© Copyright Vanguard Online