Eterna Plc Announces Resignation Of Executive Director Bunmi Agagu-Adu

Eterna Plc has announced the resignation of Dr. Bunmi Agagu-Adu from her position as Executive Director of the company.

The development was communicated in a notification dated Tuesday, June 2, 2026, to the Nigerian Exchange Limited (NGX), shareholders and the investing public.

The notification, signed by Company Secretary David Edet, confirmed that Dr. Agagu-Adu’s resignation after two years in the organisation, took effect from May 25, 2026.

According to the official statement, Dr. Agagu-Adu’s tenure at Eterna Plc was marked by contributions to the growth and development of the company across its downstream operations, including retail, lubricants, LPG, and aviation fueling segments.

The Board of Directors expressed gratitude to Dr. Agagu-Adu for her dedication and commitment during her time with the company.

“Eterna Plc hereby notifies NGX, its shareholders, and the investing public of the resignation of Dr. Bunmi Agagu-Adu as Executive Director of the Company, effective 25 May 2026,” the statement read.

“The Board expresses its sincere appreciation to Dr. Agagu-Adu for her dedicated service, commitment, and valuable contributions to the growth and development of the Company during her tenure. The Board wishes her continued success in all her future endeavours.”

Dr. Agagu-Adu joined Eterna in 2008 as Corporate Affairs Assistant.

She rose to become the Company Secretary in 2013 and held the position for almost 10 years before Mr Mandella Golkus succeeded her in 2022.

She became the Managing Director, Eterna Industries Limited in 2024 and, as a result, joined the board as executive director.

Dr. Agagu-Adu’s resignation follows closely after Eterna Plc announced the appointment of Dr. Jude Nwaulune as its new Managing Director and CEO, effective May 14, 2026.

Dr. Nwaulune succeeded Olumide Adeosun, who stepped down on May 13, 2026.