Mul­ti­verse names messrs Olukay­ode Aina & Co. as new ex­ter­nal au­di­tors

Business a.m. - - COMPANY - Ades­ola Afo­labi

MUL­TI­VERSE MIN­ING AND EX PLORA TION Plc Fri­day an­nounced the ap­point­ment of Messrs Olukay­ode Aina & Co as its new ex­ter­nal au­di­tors.

The com­pany in a no­tice filed with the Nige­rian Stock Ex­change (NSE) said it wishes to let both the ex­change and its share­hold­ers know that the erst­while ap­pointed au­di­tors had car­ried out statu­tory au­dit as­sign­ment in the com­pany for a pe­riod of 10 years hence their in­el­i­gi­bil­ity to con­tinue and the need for the ap­point­ment of the new au­di­tors.

Messrs Olukay­ode Aina & Co is a firm of char­tered ac­coun­tants which was founded in 1991 and has since played a key role in of­fer­ing ac­count­ing and au­dit­ing ser­vices to the gen­eral pub­lic since its for­ma­tion.

The for­mer ex­ter­nal au­di­tors of Mul­ti­verse Min­ing and Ex­plo­ration, Messrs Sola Oyetayo & Co, ceased to be el­i­gi­ble for re-ap­point­ment at the end of the min­ing com­pany’s 15th an­nual gen­eral meet­ing held De­cem­ber 11th, 2018.

The state­ment is­sued by Mul­ti­verse Min­ing and Ex­plo­ration, noted that “Messrs Sola Oyetayo & Co has car­ried out statu­tory au­dit as­sign­ments in our com­pany (as ex­ter­nal au­di­tors) for a pe­riod of 10 years. In line with cor­po­rate gover­nance rules, (the com­pany) ceased to be el­i­gi­ble for reap­point­ment at the end of our 15th An­nual Gen­eral Meet­ing (AGM) held on De­cem­ber 11, 2018.

“Con­se­quently, Messrs Olukay­ode Aina & Co has been ap­pointed as our new ex­ter­nal au­di­tors in pur­suant to sec­tion 357 (1) of the Com­pa­nies and Al­lied Mat­ters Act (Cap C20 Law of the Fed­er­a­tion of Nige­ria, 2004),” it con­cluded.

Mul­ti­verse Min­ing and Ex­plo­ration, in­cor­po­rated on June 20, 2002, was listed on the Nige­rian Stock Ex­change (NSE) on Oc­to­ber 8, 2008.

It has over 5,000 share­hold­ers with share­hold­ers’ funds in ex­cess of N3.5 bil­lion. The com­pany spe­cialises in solid min­er­als with fo­cus on min­ing of Zinc Ore, Cop­per Ore, Gold Ore, Lead Ore, Tan­talite Ore, Tin Ore and Barite Ore.

Since 2008, the com­pany has been ac­tively in­volved in its core ar­eas of busi­nesses de­vel­op­ing and deep­en­ing its op­er­a­tions. Share price of the firm closed on Fri­day at 20 kobo per unit on the floor of the ex­change.

L-R : Mubo Ola­soko, manag­ing di­rec­tor, Meris­tem Reg­is­trars and Pro­bate Ser­vices Lim­ited; Su­lai­mon Ade­dokun, manag­ing di­rec­tor, Meris­tem Wealth Man­age­ment Lim­ited; Damilola Hassan, head, wealth man­age­ment, Meris­tem Wealth Man­age­ment Lim­ited; and Akin Adeniyi, lead con­sul­tant, GIPS, at Meris­tem Global In­vest­ment Per­for­mance Stan­dards dec­la­ra­tion event in Lagos

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