Accolades at the 44th Annual General Meeting of TotalEnergies Marketing Nigeria Plc.

Following a three-year break due to coronavirus pandemic limits, shareholders who were present greeted the 44th Annual General Meeting of TotalEnergies Marketing Nigeria Plc. with accolades, compliments, and excitement.

The 44th AGM was held in the Civic Centre in Lagos on Thursday, June 16, 2022.

The Company's Chairman, Jean-Phillipe Torres, who was the company's Managing Director from 2016 to 2018 said it was wonderful to be back in Nigeria.

He highlighted the company’s achievement in the previous years that “despite global, national, and local economic and social challenges, the company’s turnover increased by 67% from ₦205 Billion in 2020 to ₦341 Billion in 2021. Profit after tax increased by an unprecedented 712%. This is indeed a remarkable achievement.”

The Managing Director of TotalEnergies Marketing Nigeria Plc, Dr. Samba Seye also shared some insights on the Company’s efforts towards consciously reducing its carbon footprint. He explained that the Company was working on reducing its emissions and stepping up our efforts to solarize the stations. “We have a network of over 540 service stations of which 163 have been solarized. We will also keep pushing out solar energy alternatives for the home - solar lamps and solar home solutions. We remain committed to delivering reliable, affordable and clean energy to Nigerians.”

Bunmi Popoola-Mordi, Company Secretary and Executive General Manager, TotalEnergies Country Services, read the meeting notice and thanked the shareholders and regulators for their patience and faith in the company. The Company Secretary said: “I appreciate all the regulators who gave us permission to run the AGM in the last 3 years despite the coronavirus restrictions,” and gave shareholders some insight into what to expect during the meeting.

Matthew Akinlade, President of the Nigeria Shareholders Solidarity Association, expressed surprise at the company's total turnaround and the declaration of an interim dividend of ₦4 per share to shareholders for the 2021 Annual Report year, with a plan to approve another ₦18.20 as a final dividend for the year 2021 ( ₦22.20 in total). He said: “Your change of name showed you are diversifying and whatever you are doing right to make you have this turnaround, please continue doing it. What the shareholders are interested in is their dividend because most of us are retired. I believe the company is on the right trajectory.”

Alhaja Kudaisi and Madam Obideyi, among other stockholders, expressed similar sentiments.

Engr. Rufa'i Sirajo, Mrs. Lesley Baxter-Green, and Prince Jefferson Nnamani were among the other members of the Board of Directors who attended the AGM in person, whilst Ms. Tejiro Ibru, Mrs. Lucile Badaire and Mr. Noubi Ben Hamida participated online.

TEMNPLC Exco members at the meeting include Special Adviser to the MD, Charles Atiomo; General Manager (GM) HSEQ, Muhyideen Nurudeen; GM Human Resources, Adesua Adewole; GM Lubricants, Bolaji Fajimi; GM Operations, Rabiu AbdulMutalib; GM Commercial, Weruche Nwagbara; GM Retail & Cards, Abdullahi Umar and Renewable Explorer, Omotayo Hassan.