The announcement lays to rest the conflict between the top two shareholders of the company as to who nominates the candidate for the chairmanship of the directors’ board.
The 2023 audited annual report of Living Trust Mortgage Bank shows Citi Trust Holdings now holds 40.82 per cent, while Osun State Government owns 39.83 per cent.
The appointment of Dr. Wale Bolorunduro, an ex-finance commissioner, as a director and chairman designate of Living Trust Mortgage Bank Plc has sparked a cold war between the board of directors and the present chairman, WITHIN NIGERIA gathered.
In terms of year-to-date returns on the Nigerian Exchange Limited, the Growth Board and Oil & Gas have emerged as the top-performing indexes as of Christmas.