St Nicholas House (10thFloor), Catholic Mission Street, Lagos
Lagos, 23 October 2025
This is to notify the investing public and Nigerian Exchange Limited that the Board of Directors of NCR (Nigeria) PLC (the Company) held a meeting on Wednesday, 22 October 2025 and at the meeting, the Board considered the appointment of Chief Prosper Chegwe Okpue as a Director to fill the casual vacancy left as a result of the resignation of Mr Jimmy Kallumkal and Ms Karen Witthoft in November 2024.
Chief Okpue is the Chief Executive Officer of Insurance Brokers of Nigeria Limited (IBN), Nigeria's pioneer risk and insurance advisory firm established in 1955. A distinguished industry leader, Chief Okpue has been instrumental in transforming IBN into a powerhouse of innovation and growth within the Nigerian insurance landscape.
He spearheaded the development of IBN's Energy Insurance Practice, which significantly expanded the firm's market reach and revenue base. He also pioneered the Loss Control Engineering and Risk Management Practice in Nigeria's insurance industry, setting new standards for professional excellence and technical expertise.
In pursuit of specialised risk solutions, Chief Okpue established Industrial Risks Protection Consultants (IRPC), IBN's dedicated subsidiary, focused on risk control engineering and industrial safety advisory services.
Beyond his national impact, Chief Okpue serves as a Board Member and Regional Director (Africa & Middle East) of UniBa, a global network of independent insurance and risk management advisory firms represented in over 80 countries with a combined premium placement exceeding €8 billion.
The Board approved the appointment of Chief Prosper Chegwe Okpue as an Independent Non-Executive of the Company with effect from Wednesday, 22 October 2025, subject to ratification by the Shareholders at the next Annual General Meeting of the Company.
The Board and Management of the Company wish the newly appointed Director all the best as he takes on his new appointment.
Thank you.
ALSEC NOMINEES LIMITED BERNICE ANYA Company Secretary