Custodian Investment Plc’s board of directors has assured existing and prospective shareholders of the company’s commitment to sustainable growth, despite paying N19.173 million in regulatory penalties for the financial year ended December 31, 2024.

This Group Managing Director Wole Oshin gave the assurance at the company’s 30th Annual General Meeting in Lagos.

The company incurred penalties totaling N19.173 million, a decrease from the N28.450 million paid in 2023. For instance administrative sanction by PENCOM stood at N14.300 million, which is below N21.200 million that was paid  in 2023.

Other  penalties included, violation of section 49(3)(0) of the NAICOM Act 1997, late submission of post placement report in 2019 and late filing of UPDC 2023 financial statements to Nigerian Exchange Limited (NGX).

Commenting on the regulatory challenges,

Wole Oshin acknowledged the challenges of navigating multiple regulatory frameworks, stating that compliance can be complex. However, the company is proactively seeking strategies to better manage these challenges and ensure sustainable growth.

Key highlight of the meeting was when

shareholders approved a dividend of N125 kobo for every share of 50 kobo held, this comprised an interim dividend of 15 kobo and a final dividend of 110 kobo.

This decision reflects the company’s commitment to rewarding investors and its strong track record of financial management.

Custodian Investment Plc’s which share price closed at N18.00 kobo at the close of trading on Friday May 2, 2025, is an investment holding company resulting from the merger of Custodian and Allied Insurance Plc and Crusader Nigeria Plc.

The company was incorporated on August 22, 1991, and has undergone several transformations, including becoming a public limited liability company on September 29, 2006, and changing its name to Custodian Investment Plc on May 24, 2018.