Trans-Nationwide Express Shareholders Re-Elect Chairman, Approve Auditor Reappointment at 33rd AGM

Shareholders of Trans-Nationwide Express Plc (TRANEX) have approved the re-election of two directors and renewed the appointment of the company’s external auditors following the conclusion of the company’s 33rd Annual General Meeting held virtually on June 3, 2026.

The resolutions were announced in a statement signed by the company’s secretary, Cautious Services Limited, following the meeting held at 11:00 a.m.

At the meeting, shareholders adopted the audited financial statements for the year ended December 31, 2025, together with the reports of the directors, auditors and statutory audit committee.

As part of the ordinary business conducted at the meeting, shareholders approved the re-election of Mr. Sulaiman A. Adedokun and Mr. Adebayo A. Adeleke, who retired by rotation in accordance with the company’s governance requirements.

The approval ensures continuity in the board structure as the company continues to pursue its operational and strategic objectives within Nigeria’s logistics and courier services industry.

Shareholders also endorsed the re-appointment of Baker Tilly Nigeria as the company’s external auditor for the 2026 financial year. The board of directors was further authorised to determine the auditors’ remuneration.

In line with the provisions of the Companies and Allied Matters Act 2020, shareholders elected three representatives to serve on the company’s Statutory Audit Committee.

The elected shareholder representatives are Mr. Oluwaseun Babajide Olukoya, Mr. Olusegun David Oguntoye and Mr. Chuks Nwosa Osadinizu.

The board also nominated two directors to serve on the committee. They are Dr. Olusegun Isaiah Adeoye and Mr. Adegoke Johnson Olasoko.

The Statutory Audit Committee plays a critical role in overseeing financial reporting processes, internal controls and audit activities to ensure transparency and accountability in the company’s operations.

Under the special business segment of the meeting, shareholders approved a remuneration of N430,000 for each non-executive director for the 2026 financial year.

The approval reflects shareholder support for the company’s governance framework while ensuring compensation remains aligned with board responsibilities.

Trans-Nationwide Express Plc remains one of Nigeria’s established logistics and courier companies, providing delivery, freight and supply chain services to corporate and individual customers across the country.

The company’s board is chaired by Mr. Sulaiman Adedokun, while Mr. Eric C. Emecheta serves as the Managing Director and Chief Executive Officer.