Home » ELEME: Aforji Igwe Delivers on Mandate As Host Communities Now Owners/Managers of Share Dividend

ELEME: Aforji Igwe Delivers on Mandate As Host Communities Now Owners/Managers of Share Dividend

By Dandy Loveday

by True Blue Reporters

Jubilation as Members of Indorama Host Communities have hailed their son and leader Hon. Aforji Igwe who also represents Eleme in the Rivers State House of Assembly for making it possible for them to manage their share dividend from Indorama EPCL. 

In a statement on behalf of the Chairmen, Secretaries and Members of Indorama Eleme Host Communities Trustees during a press briefing, Sir Dr. Obianko Nwolu-Elechi disclosed that in pursuant to the Annual General Meeting (AGM) of Indorama Eleme Petrochemicals Limited held on the 27th of April, 2022, the host communities are now direct owners of the share and will be managed through their various trustees.

After thanking God and the Governor of Rivers state, Chief Barr. Nyesom Wike for the feat, he thanked Hon. Aforji Igwe for going through the hustles during the litigation to achieve victory. According to him, Hon. Aforji was used by God as an agent of change as the host communities can now proudly say they are direct shareholders.

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Furthermore, the delegation passed a vote of confidence on Hon. Aforji Igwe for the leadership role he played and used the medium to quash rumours and statements by some persons that dividends received from Indorama was mismanaged or embezzled by Hon. Aforji Igwe. He maintained that the dividends were never mismanaged or embezzled as all persons of the host communities have been paid their dividends by their trustees to the satisfaction of all the Chiefs, Elders, Women, Youths and stakeholders of the host communities including debts incurred in the process of realizing the shares by way of litigation.

He added that at no time did Aforji Igwe appoint or nominated members of the trustees insisting that the members of the various communities did the selection.

True Blue Reporters recalls that the host communities have been in a long battle with Elano group over embezzlement and seizure of community wealth for self aggrandizement until recent times

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