eTranzact reconstitutes board after ownership transition

eTranzact International Plc has restructured its board after a share transfer that resulted in Trademarks Global Concepts Limited acquiring a 56.18 per cent stake in the Nigerian payments company. The transaction led to the departure of five directors, including three non-executive directors representing the outgoing shareholders and two independent non-executive directors, and the appointment of five new board members.

The new directors bring diverse experience in banking, corporate leadership, development finance, legal advisory, infrastructure, energy, and investment management. The company's new board aims to strengthen oversight and support its long-term strategy in Nigeria's digital payments market.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.