Jude Chiemeka Becomes Executive Director as NGX Group Rejigs Board

By Aduragbemi Omiyale

The Divisional Head of Capital Markets at the Nigerian Exchange (NGX) Limited, Mr Jude Chiemeka, has been appointed to the board of the organisation as an executive director.

The appointment followed the reorganisation of the subsidiaries of the NGX Group Plc, influenced by the retirement of some board members.

Business Post gathered that Mr Abubakar Mahmoud has retired as the chairman of NGX Limited, prompting the appointment of Ahonsi Unuigbe as his replacement.

Also, Mrs Angela Adebayo, Mr Kamarudeen Oladosu, Mr Yomi Adeyemi, and Mr Seyi Osunkeye have retired from the board as non-executive directors and have been replaced by Mrs Lilian Olubi, Mr Azubuike Okpalaoka, Dr Hamza Sule Wuro Bokki, Mr Sehinde Adenagbe and Mrs Foluke Oyeleye effective September 27, 2023.

Similarly, with effect from September 30, 2023, Ms Salamatu Suleiman has become the new board chairman of the NGX Regulation Limited (NGX RegCo), succeeding Mrs Catherine Echeozo, who has retired.

Mrs Foluke Oyeleye also resigned from NGX RegCo’s board following her appointment as a director at NGX.

Joining the regulator as a non-executive director is Mr Olufemi Akinsanya, while Mrs Amina Mohammed is joining as an independent non-executive director.

Furthermore, Ms Ngozichukwuka Edozien has been appointed as the new board chairman of NGX Real Estate Limited (NGX RelCo), effective October 7, 2023, succeeding Mrs Angela Adebayo, who has retired.

She would be joined on the board by Mrs Fiona Ahimie as a non-executive director and Mr Victor Alonge and Mr Abdullahi Suleiman as independent non-executive directors.

The chairman of NGX Group, Mr Umaru Kwairanga, while commenting on the appointments, said, “I am delighted to announce these pivotal changes in the leadership of our subsidiaries, NGX, NGX RegCo and NGX RelCo.”