Victoria Bright Defends Board Appointments, Emphasises Governance Continuity at MobileMoney Fintech AGM
The board chair of MobileMoney Fintech Limited, Victoria Bright, has defended recent board appointments at the company’s general meeting, stressing the importance of continuity, experience, and strong governance following a major corporate merger.
Addressing shareholders, Madam Victoria Bright explained that the appointments were made in accordance with the company’s constitution, which permits the board to appoint additional directors subject to shareholder approval at the next general meeting.
Following the merger of MobileMoney Limited and MobileMoney Fintech Limited on March 31, 2026, shareholders were asked to ratify the appointment of six directors, subject to approval by the Bank of Ghana. The nominees are Modupe Kadri (Non-Executive Director), Serigne Dioum (Non-Executive Director), Adekunle Benjamin Awobodu (Non-Executive Director), Antoinette Kwofie (Non-Executive Director), Susan Yawson (Executive Director), and Bashirat Odunewu (Independent Non-Executive Director).
Madam Bright noted that the appointments form part of a broader restructuring effort aimed at strengthening governance structures while maintaining institutional stability.
“The decision was necessary to reflect the composition of the former board and ensure continuity in governance and oversight at a critical stage of the company’s development,” she stated.
She highlighted that the newly appointed directors are not new to the organisation, having previously served on the board, adding that their institutional knowledge remains critical in steering the company through its transition phase.
During the meeting, shareholders raised concerns about board independence and the representation of minority interests, particularly questioning whether the number of non-executive directors was adequate.
In response, Madam Bright clarified that the board already includes independent non-executive directors, including herself, and revealed that the company is in the final stages of appointing two additional independent members.
“We will have a total of four independent non-executive directors on the board,” she assured, noting that regulatory approval processes are ongoing.
She further explained that while some directors were carried over from the previous structure, all appointments remain subject to review and approval by the relevant regulatory authorities. Any director who does not meet the required standards, she indicated, would be replaced.
The meeting also featured the formal motion to approve the appointment of Modupe Kadri, Chief Financial Officer and Executive Director of NTN Nigeria Communications PLC, as a non-executive director. The motion was seconded and opened for discussion before voting.
Madam Bright emphasised that maintaining a balance between continuity and independence is crucial as the company navigates its next phase of growth.
“We are at a critical stage. Governance stability and experienced oversight are key to ensuring we deliver value to shareholders and build a resilient institution,” she stated.
The General Meeting concluded with a renewed commitment from the board to uphold transparency, strengthen governance structures, and guide MobileMoney Fintech Limited through its evolving strategic direction in Ghana’s fast-growing digital financial services sector.
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