ABC Transport Founder Frank Nneji Retires, Hands Over Company Worth N1bn To Brother

The founder of Associated Bus Co PLC (ABC Transport), Frank Nneji, has officially retired from the company he founded back in 1993.

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The business mogul who has served as the Chief Executive Officer of the transport company has handed his role to Jude Nneji.

But Frank will “continue to serve as a Non-Executive Director on the Board,” the company said in a filing seen by TrackNews on Tuesday.

ABC Transport Plc commenced road passenger transportation on February 13, 1993 as an off-shoot of Rapido Ventures.

“Board of Directors hereby expresses its gratitude to Mr. Frank Nneji for all his
sacrifices, innovations and outstanding vision which has placed the Company at its present height in the transportation and logistics sector,” ABC said.

The founder’s sibling who is his successor Jude was the company’s Deputy Managing Director.

Jude began his career with Rapido Ventures Limited immediately after his graduation from the University of Nigeria where he studied Pharmacy.

The company said, ” He served under the retiring MD/CEO and has been in the Company from its inception. He has over 18 years of experience as a member of the Board. He steps into this new role with over 27 years of experience in professional Transportation and Logistics.