[ad_1]
Shareholders have decried the shortcoming of the board of administrators of Omatek Ventures Plc to revamp the corporate to start efficient operations after the dying of the founder, Mrs. Florence Seriki.
The as soon as booming producer of computer systems has been comatose for the reason that demise of the chief govt officer and group managing director of Omatek Ventures Plc, which, in response to the shareholders, the federal government and different stakeholders mustn’t permit the corporate to enter extinction with Seriki.
Seriki, an engineer, till her dying on March 3, 2017 on the Lagos College Instructing Hospital (LUTH), was one among Nigeria’s pioneers and foremost indigenous Unique Gear Producer (OEM) that specialised within the manufacturing of computer systems and different ICT associated units.
Additionally, till her dying 5 years in the past, Seriki was the biggest shareholder of the corporate and served as Chief Government Officer and Group Managing Director of Omatek Ventures Plc, which she began a few years in the past. She was the founder and Chief Government Officer of the primary fully knocked down laptop factories in Nigeria and Ghana.
What the shareholders are saying
Reacting to this growth in an unique chat with Nairametrics, the chairman, Issuers and Traders Various Dispute Decision (IIADRI), Mr. Moses Igbrude, stated: “We all know the efforts the lady put in place to develop the corporate earlier than her unlucky dying. Nonetheless, as a quoted firm, the dying of the founder shouldn’t be the top of the corporate.
What we anticipate is that authorities and different stakeholders ought to work with the board of administrators to revamp the corporate. They need to order for a shareholders assembly to handle the challenges. We should always not permit the legacy the lady left to die.
Authorities businesses like BOI and banks that the corporate is indebted to ought to discover a technique to revive the agency for the sake of the lady and what the corporate stand for in selling native content material”.
Boniface Okezie, the nationwide coordinator of Progressive Shareholders Affiliation stated: “We don’t know the state of the corporate for the reason that dying of the founder. The board headed by Dr. Timothy Farinre because the Chairman ought to be capable to give us causes.
“There’s must name for shareholders’ assembly to handle the difficulty and convey the corporate again to trace. The nation doesn’t must be importing computer systems whereas now we have an organization like Omatek; and that was the dream of the founder.
“The federal government ought to are available to assist revive the corporate to see it again to enterprise. The corporate mustn’t die with the lady. They’re doing the lady disservice, leaving the corporate on this sorry state”.
What you need to know
- A cursory take a look at the corporate’s half-year 2022 financials confirmed zero income, revealing that the corporate has been inactive when it comes to operations. Finance price stood at N469.56 million from N457.82 million in half yr 2021. Loss after tax stood at N490.23 million from lack of N479.49 million in half yr 2021. Whole Asset stood at N4.698 billion in half yr 2022 from N4.711 billion in 2021.
- Omatek Ventures Plc assembles and sells laptop tools and equipment in Nigeria and presents an after-sales assist service.
- The corporate sells a variety of servers, casings and LCD screens in addition to laptop equipment which incorporates CRT displays, fingerprint scanner, wi-fi routers, notebooks and tablets, DVDs, plasma televisions, desktop computer systems, audio system and LED screens. Energy merchandise embody UPS, photo voltaic panels and corn LED lights.
- Omatek Ventures Plc was the primary firm in Nigeria to ascertain a manufacturing facility that assembled laptop circumstances, audio system, keyboards and mouse equipment. The corporate’s head workplace is in Lagos, Nigeria. Omatek Ventures Plc is listed on the Nigerian Inventory Trade
Associated
[ad_2]
Source link