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