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Omatek Ventures, a listed company involved in the Assembling, Sales and Maintenance of Computers, Inverters and Solar Power Products, has notified the Exchange on the approval of the Board to the appointment of Yemi Ogundipe as Group Managing Director amid the ‘’non-compliance’’ of the Bank of Industry (BOI) to a court injunction for the release of Omatek properties.
The notice which was filed February 25, stated that Ogundipe would be charged with the responsibility of ‘’carrying on the vision of the founder Late Engr (Mrs) Florence Seriki’’ in repositioning the Group for growth and expansion in Nigeria and the West Africa sub region.
Ogundipe, a fellow Chartered Accountant had his first degree in the University of Lagos and subsequently worked with PricewaterhouseCoopers (PWC), formerly, Messrs Cooper & Lybrand.
He is a Fellow of Institute of Chartered Accountants of Nigeria and a Fellow of Nigerian Institute of Taxation and has years of experience in both the private and public sector.
More recently, Ogundipe who used to consult for Omatek was running an Information Technology firm in Lagos before his appointment.
Ogundipe brings to the table, his wealth of experience to guide Omatek’s expansion of operation in the digital space, power and solar solution, internet and affordable intelligent home products and solutions as well as the traditional quality solutions of laptops, smart devices and desktop computers from Omatek factories in Lagos and Accra.
The Tech Company also provided an update on its lingering case with the Bank of Industry and how despite the ruling of the Federal High court last year, for the restoration of the properties of Omatek, the BOI has refused to yield.
According to Omatek, the BOI in March of 2017, appointed a receiver to realise the property of one of its subsidiaries as settlement for loan obligations at a time the company was adjusting to new leadership.
The receiver was reported to have obtained an ex-parte judgement which was executed in July 2017 but Omatek applied for the judgement to be set aside by the Federal High Court.
The BOI thereafter filed an appeal to the Court of Appeal, Lagos Judicial Division and has not complied with the resolution of the Federal Court.
Omatek expressed optimism that the issue would be amicably resolved, adding that the investing public would be kept abreast of the latest development around the issue.
SEGUN ADAMS
