Pastor and singer Daniel Amdesmichael

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Appointed members of the board of directors of Neeb Insurance Company were rejected 

 

#Ethiopia | It was reported that the National Bank of Ethiopia has passed a resolution rejecting the appointment of the members of the board of directors elected at the recent general meeting of Neeb Insurance Company and calling for a new election. 

 

The National Bank of Ethiopia on October 23, 2017, did not approve the appointment of the newly elected members of the board of directors of Neeb Insurance Company, citing various irregularities in the election process. 

 

It also sent a list of the alleged irregularities to Neeb Insurance Company and ordered it to notify the National Bank of Ethiopia to hold a new election before the end of the fiscal year. 

The National Bank of Ethiopia has annulled the election results after investigating alleged irregularities in the election process, starting from the nomination of candidates, the voting system and other procedures related to the election.

 

Of the candidates whose appointments were not approved, six were on the existing board, while five were newly appointed, the reporter reported.

 

#SaturdayMarket 

 

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