Axxela Appoints Nzan Ogbe as Board Chairman to Enhance Governance

Axxela Limited has announced a significant strengthening of its corporate governance and strategic direction with the appointment of new non-executive Board members. This move is designed to bolster the company's oversight capabilities as it enters a new phase of growth.

Nzan Ogbe, a prominent figure in the energy sector and the founder and former CEO of Levene Energy Holdings, has been appointed as the new Chairman of Axxela's Board. His extensive experience is expected to guide the company's strategic initiatives. The Board also welcomes Eric Idiahi, Dolu Olugbenjo, Olufemi Okin, Moshood Olajide, Kaat Van Hecke, and Jeremy Bending.

Axxela stated that the collective expertise of these new members spans business leadership, financial management, and infrastructure development. This diverse experience is crucial for reinforcing the company's post-divestment governance framework. The Board's guidance will be instrumental as Axxela expands its footprint in gas infrastructure and continues to deliver sustainable energy solutions across various industries and markets.

Ogbe brings over 30 years of entrepreneurial experience in building businesses across sectors such as commercial trading, energy, real estate, and telecommunications. His recognized leadership and commitment to sustainability have established him as a resourceful business leader in Africa. The company anticipates that his vision will further drive Axxela's mission.

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Founder/pioneer Chief Executive Officer of Levene Energy Holdings, Nzan Ogbe, who is now Chairman of the Axxela’s Board