Our Team


Board of Directors

The Board of Multiverse Mining and Exploration Plc is made up of highly qualified professionals with diverse skills and experience in various fields. The Non-Executive Board members have the capacity to make unbiased judgment without influence by management.

The Role of the Board

The Board is responsible to shareholders for creating and sustaining shareholder value through the management of the business. They are expected to make decisions that are in the best interest of the stakeholders in the long term. The Board is also responsible for ensuring that management maintains a system of internal control which provides assurance of effective operations, internal financial controls and compliance with the laws and regulations of the company.

The strategic objectives and policies of the company are set by the Board. It ensures that both the long term goals and short term objectives that management pursues are consistent and in the best interest of all stakeholders. The Board is aware of the importance of adhering to the governance principles, so it ensures that the business of the company is in conformity with governance principles.

The Board has the statutory power to deliberate and approve decisions that are material to the company, including the periodic financial statements, changes in accounting policies and practices, risk management policies, appointment or removal of a director, mergers and acquisitions.

The responsibility for the day to day management of the company is delegated to the Executive Directors.

The Board of Directors statutorily meet at least 4 times in a year.

Board Committee

In accordance with statutory and regulatory requirements, members of the Board are divided into different committees to assist the Board in its management and oversight functions. The standing committees of the Board are as follows:

Executive Committee

This committee comprises of the Managing Director/(CEO), the Executive Director, the Technical Director and other top management staff. They work with the Managing Director to oversee the day to day running of the company and implement the strategic objectives of the company.

Board Remuneration Committee

This committee is comprised of two non-executive directors and the company secretary. They are responsible for administering the company’s executive compensation package, and implements and oversee compensation policies approved by the Board.

The committee meets at least 3 times annually.

Establishment & Disciplinary Committee

This committee comprises of three non-executive directors. They are responsible for monitoring compensation arrangements to ensure that the company is attracting and retaining highly qualified staff through competitive salary and benefits, programs and awards, review long range planning for top and senior management development and succession.

They are also responsible for the employment, disengagement and promotion of management staff and recommendation on such issues as they deem fit to the Board. They also formulate Board training program/schedule.

Audit Committee

This committee comprises of three non-executive directors, each of whom is independent and financially literate. The audit committee reviews and reports to the board on the integrity of the company’s financial statements, ensures that the company has designed and implemented effective internal financial controls and reviews the compliance with regulatory and statutory requirements as they relate to the financial statements and disclosure of material facts.

Performance Highlights & Objectives

Multiverse Mining and Exploration Plc seeks to achieve a safe, productive and healthy work environment through responsible business management carried out in a manner designed to protect employees, adjacent communities and the natural environment. Better practices are being incorporated in pursuit of these goals.


Multiverse Mining and Exploration Plc aims to create sustainable value in host communities in which we operate.

We recognize that our operations can have significant economic, social and environmental impacts on local communities throughout the life cycle of our mining projects.  Our approach will be to leverage positive impacts, including local hiring and procurement. Our approach to stakeholders engagement, employment and labour practices and investments in community infrastructure are detailed below.

Stakeholders Engagement

We recognize that effective stakeholders engagement can both create and manage risk by building a climate of mutual trust and respect. Beyond risk management, effective stakeholder engagement helps identify emerging issues that may influence evolving community perceptions, business operations and market conditions. Strategically, effective engagement is critical to establishing credibility as a partner of choice. The company believes it is essential to conduct dialogue in a spirit of openness, transparency and good faith, to be active listeners, and to follow up conscientiously on outstanding unresolved issues.

Employees and Contractors Health and safety on site
Working Conditions
Career advancement
Detailed HSE policies applicable to employees and contractors
Regular employee performance reviews
Employee training
Governments Fiscal and regulatory frameworks
Environmental compliance
Regular consultations with, and adherence to government directives
Applications for environmental permits associated with expansions
Training and skills development
Local Communities Environmental and social impact of operations
Local employment and procurement
Community Infrastructure
As operating sites mature, meetings will be held with community representatives as required or upon request
Customers Reliable supplies
High quality products
Regular discussions and provision of health and safety data on Products
Labour Unions Workers interest Collective bargaining Maintenance of a mixture of individual and collective agreements Respect the right of each worker to freely choose to join a union.
Non-Governmental Organizations Social and environmental performance of operation Engagement with national and international NGOs primarily through and regular attendance at special forums on CSR related to the mining industry.
Shareholders Corporate Governance
Financial Performance
Risk assessment and mitigation
Continued vigilance with respect to business ethics Analyst and investor briefings and press releases
Financial Institutions Enhanced Sustainability reporting Responses to requests for information on HSE performance
Production of 2011 EIA Report


Mr John Bede Anthonio

Mr John Bede Anthonio

Chairman Board of Directors

Appointed as a Non-Executive Director in June 2008. He is an Architect with M.sc in Environmental Design and an Alumnus of the Lagos Business School. He is a former Chief Executive of Lagos State Development and Property Corporation (LSDPC)

Mr Ayedun Fasina

Mr Ayedun Fasina

Managing Director- Chief Executive Officer

Appointed Managing Director/Chief Executive in May 2005. He is a fellow of the institute of Chartered Accountants of Nigeria and an Alumnus of the Lagos Business School. He has over 18 years of banking experience, majority of which was in Executive position before joining the Company.

Mr Ayodele Oluwasusi

Mr Ayodele Oluwasusi

Executive Director, Business Development

Appointed an Executive Director, Business Development in October 2008. He is an Economist with over 15 years Corporate Banking experience and an Alumnus of the Lagos Business School. Before joining the company he was the Chief Executive Officer of Treasuremix Ltd.

HRH Dr Musa Kabiru Ibrahim II

HRH Dr Musa Kabiru Ibrahim II

Non-Executive Director

Appointed as Non-Executive Director in April 2012. He is a Medical Doctor and a First Class Emir in Nasarawa State. He has served in both Public and Private Sector. He also served as Special Adviser to Nasarawa State Government on Health. He is currently  Chairman, Azara Traditional Council the home of quality Barite in Nigeria.

Mamman Bukar Zargana

Mamman Bukar Zargana

Non-Executive Director

Appointed as Non-Executive, Independent Director of the Company in 2018. He is currently the Managing Director/Chief Executive Officer of Mainstreet Capital Ltd with over 20 years in depth Corporate and Investment banking practice. He is also an Honorable member (Part Time) of the Investment and Securities Tribunal (IST). He is an Economist, Accountant, Banker and fellows of Chartered Institute of Capital Market Registrars and Institute of Chartered Economist