The Nigerian Stock Exchange (NSE) Monday elected Abimbola Ogunbanjo as the new president of the national council of the exchange. He will take over from Aigboje Aig-Imoukhuede, who has served his three-year tenure.
Ogunbanjo was elected at the NSE’ national council meeting held immediately after its 56th annual general meeting(AGM) in Lagos.
Ogunbanjo joined the national council of the exchange in 2011 and has been the first vice president since 2014. He is currently the managing partner of the corporate law firm of Chris Ogunbanjo & Co. He is the chairman of the Demutualisation Advisory Committee of the NSE.
Also, Abubakar Mahmoud, current president of the Nigerian Bar Association (NBA) and one of the founding partners of the law firm of Dikko & Mahmoud was elected as first vice president while Catherine Echeozo, former deputy managing director of Guaranty Trust Bank, was elected as second vice president.
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In Ogunbanjo’s words, “I have worked closely with my predecessor in pursuing our collective vision and building a world class exchange. Together with the other Council members I now look forward to the successful implementation of the transformative initiatives articulated in our 2018 – 2021 corporate strategy.”
Commenting on the development, Oscar Onyema, chief executive officer, NSE, praised Aig-Imoukhuede for his immense contributions, commitment and distinction in service.
According to him, Aig-Imoukhuede brought hands-on experience and business expertise to the council which contributed to the development of the exchange despite the harsh economic and policy environment that characterized his tenure.
“The election of Ogunbanjo brings continuity and ensures that the Exchange will continue to deliver on its strategic objectives. NSE has already benefitted greatly from his broad experience and his contributions as the first vice president of our council. I look forward to working closely with Mr. Ogunbanjo in our journey to becoming Africa’s foremost securities exchange,” Onyema said.