BUSINESS;Sim Shagaya Resigns as CEO of Konga Nigeria, Joins Board of Directors

Sim Shagaya, founder of Konga, one of Nigeria's leading online store, has resigned his position as CEO of the e-commerce store.

This follows his appointment as the new chairman by the Board of Directors.

In a mail sent to Konga staff, Shagaya said the development came following a visit to the company’s investors in Amsterdam.

For now, Shola Adekoya, Chief Operating Officer at Konga, will take over as the interim CEO, until the board appoints completes its search and appoints a new CEO.

In his new role, Shagaya will become less involved in the day-to-day running of the company and focus more on the long term vision and strategy of the company.