FMDQ Honours Alade, Onyema, Onasanya, Oduoza, Others

By Modupe Gbadeyanka

On Friday, October 27, 2017, FMDQ OTC Securities Exchange (FMDQ) held a befitting cocktail reception and dinner party in honour of the immediate past Chairman of the FMDQ Board of Directors, Mrs Sarah Alade, and six other retired Non-Executive Directors, who served the OTC Exchange until April 28, 2017.

The retired Non-Executive Directors who were also honoured at the event were Mr Olabisi Onasanya, Chairman/Chief Executive Officer, The Address Homes Ltd.; Mr Phillips Oduoza, Chairman, Nova Merchant Bank Ltd.; Mr Yinka Sanni, Chief Executive, Stanbic IBTC Holdings PLC; Alhaji Muhammad Nda, Commissioner/Deputy Chairman, Niger State Planning Commission; Mr Oscar Onyema, Chief Executive Officer, The Nigerian Stock Exchange; and Mr Sadiq Mohammed; Deputy Group Chief Executive Officer, ARM.

The event, which was held at the Intercontinental Hotel, Lagos, was well attended by FMDQ current and inaugural Board of Directors, including the inaugural Chairman, Mr Aigboje Aig-Imoukhuede, shareholders, FMDQ’s members, including Managing Director/CEOs of banks and other financial institutions, regulators, captains of industry, and the financial markets community in general, as invitees turned  out  in  large  numbers  to  honour  the  special  guest  of  honour,  Mrs Sarah  Alade,  also former Deputy Governor, Economic Policy Directorate, Central Bank of Nigeria, for her immense contributions to not just FMDQ, but to the Nigerian financial markets as a whole.

Welcoming the honourees and guests to the event, Managing Director/CEO of FMDQ, Mr Bola Onadele Koko, in his address, thanked the honourees for their various contributions to the development of FMDQ and by extension, the Nigerian financial markets.

Speaking about Mrs Alade, Mr Onadele noted that she shepherded the establishment of FMDQ, in collaboration with other financial markets stakeholders, and led the OTC Exchange in accomplishing many firsts such as the listings and quotations of Federal Government of Nigeria Bonds and Treasury Bills on the OTC Exchange, the launch of the Naira-settled OTC FX Futures Market, amongst many others.

Messrs Olabisi Onasanya, Phillips Oduoza, Muhammad Nda and Yinka Sanni, were commended for their service on the FMDQ Board Governance and Human Resources Committee, in shaping the corporate governance standards of FMDQ and creating the foundation for FMDQ to aspire to be an employer of choice; Mr Sadiq Mohammed was commended for his service on the FMDQ Board Listings, Markets and Technology Committee, in positioning FMDQ as a reputable market organiser; and Mr Oscar Onyema, for his immense guidance in establishing FMDQ as a platform for listing debt securities and an effective self-regulatory organisation.

The Chief Host and Chairman of the Board of FMDQ, Dr Okwu Joseph Nnanna, represented by the Vice Chairman of FMDQ, Mr Jibril Aku, during his special remarks expressed gratitude to the honourees, on behalf of the OTC Exchange, for their dedication in discharging their duties to FMDQ and affirmed his commitment to fostering a conducive environment for all stakeholders to build on the foundation which was laid by his predecessors.

The keynote speaker, Mr Bismarck Rewane, during his address, celebrated the special guest, Mrs Sarah Alade, as a focused individual and policy maker with very good intellectual depth, who rose through the ranks in the Nigerian public sector without any blemish to her reputation; he also acknowledged the transparency FMDQ has brought to the Nigerian financial markets.

Mrs Sarah Alade, during her remarks, which followed the unveiling of the publication in her honour, ‘A Securities Exchange as an Agent of Change’ (Vol. 2), a special FMDQ literature chronicling the progress of the OTC Exchange during her tenure as Chairman, expressed her appreciation for the opportunity to serve, while commending the other honourees and current Board Members for creating the enabling environment and offering the needed support for ensuring that FMDQ lived true to its founding mandate to empower the financial markets to be innovative and credible, in support of the Nigerian economy.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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