Former President of the Nigerian Stock Exchange (NSE), Goodie Ibru, has resigned as chairman of Ikeja Hotels plc, owners of Sheraton Hotel, Lagos; Federal Palace Hotel and Capital Hotel.
Mr. Ibru said he took the decision in the overall interest of the company and the larger Ibru family.
In a statement, he anchored his decision on the need to get Ikeja Hotels to perform optimally.
The company has been bogged down by multiple law suits filed by shareholders in the contest for the management and control of the company.
Ibru is unhappy the company was recently delisted by the NSE, adding that he could no longer watch the company and its shareholders, who kept faith with the firm, continue to suffer due to the board crisis.
He stated that the decision of Justice Abdul Kafarati of the Federal High Court, Abuja, on December 21, 2016, confirming him chairman vindicates his struggle for corporate governance in the company and provides right timing for him to retire as founding chairman after 32 years in office.
Ibru called on the younger generation of Ibrus to work with other shareholders to continue to carry on the torch of excellence for which Ikeja Hotels has been known.
He stated also that the Ibru family has gone through a tough phase in the recent past and as the only surviving son of the first generation of Ibrus, he is more committed to working with his sisters on keeping the family united.
