A slight change has been made to the management of Africa’s premier e-payments solution provider, eTranzact International Plc.
On Monday, May 21, 2018, the company announced the appointment of Niyi Toluwalope as its acting Managing Director/CEO.
This followed the resignation of Valentine Obi as Managing Director of etranzact Plc.
Also, the company its Executive Directors, Sullivan Akala and Ike Eze; its Chief Technology Officer, Richard Omoniyi, and the Head of Operations, Kehinde Segun, were affected by the rejigging.
A statement issued by the company disclosed that it was aware of recent Business Day publications about these management changes and wishes to announce that the changes were strictly eTranzact Board’s decision, and would like to advise all its stakeholders that it was working closely with the regulators, and all other relevant stakeholders to resolve any issue related to or arising from the management changes.
“In addition, we want to categorically state that there was no fraud in eTranzact International Plc, however a merchant used the company’s interface with a bank to perpetrate fraud.
“The eTranzact executives resigned honorably because they have the responsibility for governance in the company.
“Also, there is no truth about PricewaterhouseCoopers (PwC) or Ernst & Young reviewing the Accounts of the Company. eTranzact retains PwC from time to time for various technology related assignments and none has to do with reviewing the Company’s Accounts,” the statement said.
“The ISO certifcations are a testament to eTranzact’s focus in adopting and implementing global and best practices to ensure effectiveness, efficiency, confidentiality and integrity in its day to day operations. This marks the beginning of a new journey for the company,” it added.
Before his appointment as the company’s acting CEO, Toluwalope was the Chief Financial Officer of eTranzact, a position he has held since 2011.
