ABC Transport Plc has introduced the resignation of Alhaji Kabiru Yusuf as a Non-(*20*) Director, ending his 20-year tenure on the corporate’s board.
The resignation took impact on September 30, 2026, in accordance with a discover filed with the Nigerian Exchange (NGX) and signed by the Company Secretary, Onyekachukwu C. Chigbo.
Yusuf joined the board in August 2006 and served on key board committees throughout his tenure.
Yusuf leaves ABC Transport
According to the disclosure, Yusuf served as chairman of the Governance and Remuneration Committee and as a member of the Audit Committee earlier than his resignation.
- “The Board of Directors of ABC Transport Plc (the Company or ABC) wishes to notify the Nigerian Exchange Limited (The Exchange), the Company’s shareholders and the investing public of the resignation of Alhaji Kabiru Yusuf (Non-Executive Director) from the Board of the Company effective 30th September, 2026.”
The firm stated he introduced his wealth of expertise to the boardroom and contributed to its progress.
- “The Board and Management express profound gratitude to him for his commitment and invaluable service to the Company and wish him more fruitful years in his future endeavours,” the corporate said.
20 years of service
Yusuf was appointed a Non-(*20*) Director of ABC Transport in August 2006.
Before becoming a member of the board, he labored as a college lecturer and served as editor of Daily Triumph, Today and Citizen Magazine.
He holds a Bachelor of Science diploma in Political Economy from Ahmadu Bello University, Zaria, and a Master of Science diploma in Political Economy from the University of Toronto, Canada.
ABC Transport’s sturdy monetary assertion
ABC Transport Plc reported a pretax profit of N1.4 billion for the 2025 financial year, greater than double the N634.7 million recorded in 2024.
- Profitability was largely pushed by stronger income, which rose to N16.3 billion from N12.6 billion within the earlier yr, with masses and waybills main income, adopted by haulage.
- The improved end result was additional supported by different revenue and a discount in finance prices, which declined to N433.4 million from N532.3 million a yr earlier.
- A more in-depth have a look at full-year income exhibits that out of the N16.3 billion reported, masses and waybill companies contributed the biggest share at N5.3 billion.
This was adopted by haulage operations at N4.8 billion, transport earnings at N3.2 billion, and gross sales of car spares at N2.3 billion, with different segments accounting for the stability.
