Tag: Corporate Governance
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Ryt Bank CEO Melvin Ooi Preparing to Exit Role, Sources Say
Ryt Bank Faces Management Shift as CEO Melvin Ooi Considers Exit Ryt Bank, a digital-first lender known for its rapid growth and data-driven approach, is reportedly preparing for a leadership transition. People familiar with the situation say that Melvin Ooi, the bank’s chief executive, is planning to step down from the top role. While the…
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Liquidators Pursue Obelisk Industrial Director Over $9 Million Shortfall in Northland
Overview The liquidators for Northland engineering firm Obelisk Industrial have initiated efforts to recover a $9 million shortfall allegedly tied to misappropriation by the company’s director. While the investigation continues, the liquidators say they have served demand letters on the director, Kara Culham, signaling their intent to pursue all available legal remedies to recover funds…
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Liquidators Pursue Culham: Obelisk Industrial in Northland Faces $9m Shortfall Fight
Summary of the Case Liquidators of the Northland engineering firm Obelisk Industrial are pursuing actions against the company’s director, Kara Culham, over a reported $9 million shortfall. The development marks a critical phase in the firm’s insolvency proceedings, as the liquidators press for recovery of funds alleged to have been misappropriated while navigating the complexities…
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Hamukwaya Maintains No Bribe Evidence in High Court Bail Appeal
Overview of the Case Jennifer Hamukwaya, a 43-year-old Namibian business figure, finds herself at the center of a high-profile legal battle tied to allegations of fraud and money laundering linked to the state-owned oil company, Namcor. After an arrest that drew widespread attention, Hamukwaya has continued to challenge the charges and pursue bail in the…
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Hamukwaya Contends No Evidence of Bribe Money in High Court Bail Appeal
Overview of the Case Jennifer Hamukwaya, a 43-year-old Namibian who previously climbed the ranks of the corporate world, is at the center of a high-profile legal battle linked to allegations of fraud and money laundering connected to the state-owned oil company Namcor. As her High Court bail appeal unfolds, Hamukwaya publicly rejects claims that she…
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Hamukwaya Reiterates Absence of Bribe Evidence in High Court Bail Appeal
Overview: Hamukwaya’s stance in the High Court bail appeal Jennifer Hamukwaya, a 43-year-old Namibian businesswoman who rose to prominence in the corporate sector before her arrest, has insisted that there is no evidence supporting bribery claims in her High Court bail appeal. The case, tied to allegations of fraud and money laundering involving the state-owned…
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Kemi Omotosho Named New CEO of MultiChoice Nigeria
MultiChoice Nigeria Appoints Kemi Omotosho as New CEO MultiChoice Nigeria has announced a leadership reshuffle that will culminate in the appointment of Kemi Omotosho as the company’s new Chief Executive Officer, effective January 2026. The move follows the retirement of long-serving CEO John Ugbe, who steered the company for several years and helped expand DStv…
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UBA Ghana Appoints Bernard Gyebi as Managing Director in Leadership Overhaul
UBA Ghana Strengthens Governance with a New Leadership Team The Board of United Bank for Africa (UBA) Ghana Ltd. has announced a comprehensive leadership reshuffle aimed at reinforcing governance, boosting operational efficiency, and accelerating growth across its Ghana operations. At the center of the changes is the appointment of Bernard Gyebi as Managing Director, a…
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Paramount Threatens Board Fight Over Warner Bros. Discovery Bid
Paramount Ramps Up Pressure in Warner Bros. Discovery Bid Paramount Global has taken a more aggressive stance in its bid to acquire Warner Bros. Discovery, signaling that it intends to nominate directors to the Warner Bros. board and push for governance changes to advance the deal. The move comes as the two media giants face…
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Paramount Escalates Board Battle Against Warner Bros. Discovery
Paramount Intensifies Push in Warner Bros. Discovery Battle Paramount is stepping up its aggressive approach in the ongoing bid for Warner Bros. Discovery, signaling a more confrontational phase in the corporate struggle. The company said it intends to nominate directors to the Warner Bros. Discovery board as part of its strategy to advance the deal,…