C&I Leasing Plc Charts New Growth Path with Major Approvals at 34th Annual Meeting

C&I Leasing Plc held its 34th Annual General Meeting virtually on September 8, 2025, where shareholders passed a series of resolutions aimed at strengthening governance and expanding operations.

The company approved a dividend payout of 10 kobo per share to shareholders listed as of August 5, 2025. Directors Alhaji Sadiq Abubakar Adamu and Mr. Oluyemi Abaolu-Johnson were re-elected, while shareholder representatives and board nominees were confirmed for the Audit Committee.

The AGM also endorsed the remuneration structure for both executive and non-executive directors, with ₦9 million allocated per non-executive director and ₦12 million for the Chairman. Strategic decisions included authorizing the consolidation of finance lease operations under C&I Finance Company Limited and investing in Leasafric Logistics Ltd by acquiring a 71.15% stake. Additionally, the board received approval to close operations in the UAE under Epic International FZE and redomicile the company.

To support business expansion and refinance debt, the board was empowered to raise ₦15 billion through both corporate bonds and equity issuance.