Tantalizers Plc's Non-Executive Directors resign

Tantalizers Plc has announced the resignation of two of its Non-Executive Directors —Prof. Fabian Ajogwu (SAN) and Alhaji Munir Ja’afaru (OFR).

According to a public disclosure issued to the Nigerian Stock Exchange, the Non-Executive Directors’ resignations took effect from Monday, December 31, 2018.

Prof. Fabian Ajogwu’s profile

Prof. Fabian Ajogwu (SAN) is the Principal Partner of the Law Firm — Kenna & Partners.

Tantalizers PLC offset 42.17% pre-tax loss in the second quarter of 2024

August 5, 2024

PZ Cussons Nigeria appoints Ajogwu and Bakrin as Directors

September 7, 2023

Prof. Ajogwu is an adjunct senior faculty member of the Lagos Business School, where he has taught Business Law. He is a Senior Advocate of Nigeria. He serves as lead Counsel to the Federal Government of Nigeria and some of its agencies in several cases of significant national importance, with emphasis on the Federal aviation, Defence, and financial services sectors.

Prof. Ajogwu advised the Securities and Exchange Commission (SEC) on Corporate Governance in Nigeria and drafted Nigeria’s pioneer Code of Corporate Governance.

He is the Chairman of Morvest Nigeria. He is also on the Board of the African Development Foundation, Lagos Business School Enterprise Development Services, Centre for Commercial Law Development, Society for Corporate Governance Nigeria, and LEAP Africa.

More so, he has been a Non-Executive Director of Stanbic IBTC Holdings Plc since 2018 and served as its Independent Non-Executive Director since 2017. He serves as a Director of AACE Food Processing & Distribution Ltd.

Alhaji Munir Ja’afaru’s profile

Alhaji Munir Ja’afaru served as Director-General and Chief Executive of National Maritime Authority and also a Director in many organizations like Nigerian Hotels Limited, Leasing Company of Nigeria, Chairman, NEM Insurance Plc.

Ja’afaru was at various times the Honourable Commissioner for Local Government and Community Development, Honourable Commissioner for Information, Home Affairs and Culture, Honourable Commissioner for Agriculture and Natural Resources, Kaduna State.

He served as President of Kaduna Chamber of Commerce, Industry, Mines and Agriculture.

About Tantalizers Plc

Incorporated in 1997, Tantalizers Plc is a Nigerian fast food company which has more than sixty outlets located across major cities in the country. Information available on the company’s website claims that since its incorporation, the company “has set and maintained high quality and excellent service standards in the Quick Service Restaurant business”. The company further claims to have pioneered the inclusion of local Nigerian cuisines in the fast food market, a business model that has since been adopted and modified by some of its competitors such as The Place.

Tantalizers serves breakfast, lunch, and dinner from Mondays through to Sundays. Examples of the meals it serves include: jollof/fried rice, swallows with assorted soups, ice cream, bread, pastries, and even Chinese food.

The company’s stock is currently trading N0.20 on the floor of the Nigerian Stock Exchange (NSE).