LivingTrust Mortgage Bank Plc has secured an extension to file and publish its 2024 Audited Financial Statements. The bank received approval from the NGX Regulations Limited to submit and release its financial report on or before April 30, 2025.
This was disclosed in a statement signed by the acting company secretary, Dorcas Ajayi, and filed with the Nigerian Exchange Limited on Thursday. The bank explained that the extension was necessary due to the recent reconstitution of its board, which was only approved by the regulator towards the end of March 2025.
According to the bank, the extra time will allow the newly constituted board to properly review the financial statements, submit them for regulatory approval, and ensure accurate and timely publication. The bank expressed appreciation to its shareholders and the public for their continued trust and patience during the process.
LivingTrust Mortgage Bank assured stakeholders that it remains committed to transparency, regulatory compliance, and corporate governance. The bank stated that once the review and approval process is completed, the financial statements will be made available within the approved timeline.
Meanwhile, the bank has announced the appointment of new board members, with their appointments taking effect from March 21, 2025. The newly appointed directors include Timothy Gbadeyan as Executive Director, Dr. Gbadebo Ayinde as Executive Director, Olusola Ogungbile as Non-Executive Director, Adeola Olajide as Non-Executive Director, and Olanrewaju Afolabi as Non-Executive Director. Others include Adedoyin Amosun, who joins as an Independent Non-Executive Director, Dr. Kamaldeen Adekilekun as an Independent Non-Executive Director, and Michael Omolaja as an Independent Non-Executive Director.
The bank believes the new board members will bring valuable expertise and leadership to support its long-term growth and strategic direction. The appointments align with the institution’s commitment to strengthening its governance structure and ensuring sustainable operational excellence.
LivingTrust Mortgage Bank Plc has continued to expand its operations and services, aiming to strengthen its position in the Nigerian financial sector. The bank remains focused on providing mortgage financing solutions and supporting homeownership in Nigeria.
