The Chairman of U.O.O Nigeria Plc, Edozie Uche Okafor, has commended Abia State Governor, Dr. Alex Otti, for what he described as the rapid transformation of the state, particularly Aba, citing improvements in infrastructure, security and the business environment.
Speaking during the company’s 36th Annual General Meeting (AGM) in Lagos, Okafor said the ongoing development initiatives have boosted investor confidence and enhanced Aba’s attractiveness for business and economic activities.
He also announced that U.O.O Nigeria Plc will celebrate its 70th anniversary in Aba, the city where the company was established, describing the choice of venue as a tribute to the company’s roots and longstanding contribution to Nigeria’s economy.
According to him, the anniversary celebration will showcase the company’s achievements and its seven decades of growth in manufacturing, real estate, agriculture and other sectors.
Commenting on the company’s performance, Okafor disclosed that U.O.O Nigeria Plc has remained profitable despite prevailing economic challenges and has continued to reward shareholders through consistent dividend payments.
He, however, identified inflation and insecurity as major factors affecting business operations and expansion across the country.
The chairman noted that the Annual General Meeting was held to fulfil the company’s statutory obligations while reinforcing sound corporate governance and positioning the organisation for sustainable growth.
Also speaking, the Company’s Secretary and Legal Adviser, Mrs. Anuri Iyalla, reaffirmed U.O.O Nigeria Plc’s commitment to transparency, accountability and compliance with the Companies and Allied Matters Act (CAMA) 2020, as well as global corporate governance standards.
Shareholders at the meeting expressed confidence in the company’s future and approved the re-election of Mazi Okechukwu Unegbu, Barrister S.Y. Odomokwu and Mrs. Olayinka Mubarak as non-executive directors.
Founded in 1956 by Chief Nzedioramma Uche Okafor, U.O.O Nigeria Plc has evolved into a diversified indigenous conglomerate with interests spanning manufacturing, real estate development, property management and agriculture.
