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Trademarks Global Concepts now holds a majority stake in eTranzact.
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Three shareholders transferred approximately 5.17 billion shares.
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Five incoming directors have received CBN approval.
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The announcement does not disclose the transaction price.
October 14, (THEWILL) – Trademarks Global Concepts Limited has acquired a 56.18% controlling stake in eTranzact International Plc, bringing a new majority owner and five board appointments to the Nigerian payments company.
Access Bank, Meristem Trustees acting for Accelerex Holdings, and eTranzact Global transferred the shares, according to the company’s October 13 notification to the Nigerian Exchange.
Three Shareholders Exit Together
Access Bank decided to exit in 2025. The other shareholders joined through a “tag-along arrangement”, the filing says.
Such arrangements allow participating shareholders to sell alongside another shareholder under agreed conditions. Here, the combined transfer gave Trademarks Global a majority holding.
The transaction concerns existing shares. It should therefore not be described as fresh fundraising by eTranzact without evidence of a separate capital injection.
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Five Directors Join the Board
Akinwunmi Akinfemiwa, Olatunde Akande and Doron Grupper join as non-executive directors. Omobola Hollist and Mustapha Ajenifuja become independent non-executive directors.
They replace Chuma Ajene, Benjamin Dabra, Afolabi Oladele, Binta Max-Gbinije and Emeka Onwuamaegbu.
“The Company has obtained the approval of the Central Bank of Nigeria,” the filing states regarding the appointments. Corporate Affairs Commission records are being updated.
For minority investors, the undisclosed purchase price leaves a significant part of the transaction unavailable for assessment. Without it, shareholders cannot calculate the valuation paid for control or compare that price with the value of their own holdings.
Joy Onuorah is a business journalist and brand communications specialist covering financial markets, artificial intelligence, digital economy, and the ideas reshaping business across Africa and the global market. Beyond her reporting for TheWill, Joy uses brand strategy, storytelling, copywriting, and high-value SEO to help brands build lasting market authority.
