Victor EzejaShareholders of the Nigerian Exchange Limited (NGX) have approved the appointment of Mr Ahonsi Unuigbe to succeed Mr Abubakar Mahmoud as the new Board Chairman of the Exchange. The appointment takes effect from September 27, 2023.
Mr Jude Chiemeka got appointed as Executive Director while Mrs Lilian Olubi, Mr Azubuike Okpalaoka, Dr Hamza Sule Wuro Bokki, Mr Sehinde Adenagbe, and Mrs Foluke Oyeleye were named non-executive directors.
In his acceptance speech, Unuigbe expressed the resolve to wholly commit himself to democratizing investments in the capital market while unlocking opportunities for investors.
READ ALSO: NGX All-Share Index Soars 29.52% To 15-Year High Despite Economic Concerns
His words, “I am pleasantly honoured by this appointment and fully understand the enormous responsibility that this new role places on my shoulders. Chairing this important board at this specific time in the Exchange’s evolution is both an opportunity and a call to service in building our market, economy, and nation.
“The prevailing global economic fluctuations present some challenges that are, however, not insurmountable with our commitment and resourcefulness.”
“Together with my fellow board members, we will continue to drive growth and innovation, inject new thinking and dynamics into our operations at the Exchange, democratise investment in the capital market, and unlock opportunities for investors. This is a goal to which I will be wholly committed,” he said
The new NGX board chairman commended his predecessor, Mahmoud for laying a solid foundation that has enabled reforms and deepened policy frameworks that would strengthen the market for further growth and development are easily achievable.
He solicited the support and cooperation of all stakeholders towards placing this very important institution on an even stronger pedestal.
Meanwhile, other NGX transiting directors, Erelu Angela Adebayo, Mr Kamarudeen Oladosu, Mr Yomi Adeyemi, and Mr Seyi Osunkeye retired from the board.
In a related development, NGX Regulation Limited (NGX RegCo) appointed Dr. Salamatu Suleiman as its new board chairman, effective September 30, 2023, succeeding Mrs Catherine Echeozo, who has retired.
Ms Ngozichukwuka Edozien has been appointed as the new board chairman of NGX Real Estate (NGX RelCo), effective October 7, 2023, succeeding Erelu Angela Adebayo.
READ ALSO: NGX All-Share Index Soars 29.52% To 15-Year High Despite Economic Concerns
Speaking on the appointments, the Group Chairman of NGX, Umaru Kwairanga asserted that the appointments of Mr Unuigbe, Dr Suleiman, and Ms Edozien represent a defining moment in our journey and is pivotal.
“We have meticulously planned for this transition, and I have complete confidence that they will continue to uphold our tradition of excellence and steer our organisations towards even greater heights.
“Mr Unuigbe, Dr Suleiman, and Ms Edozien bring a wealth of experience and a profound understanding of our industry’s dynamics. Their track records in service delivery make them ideal leaders for these roles.
“As we embark on a new chapter, we anticipate their contributions to be instrumental in realising NGX Group’s ambitious growth strategy. Their expertise will unlock the full potential of our organisations and, in turn, benefit our valued investors and stakeholders,” he said.
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