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NSE Elevates Tinuade Awe to Executive Director Regulation

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NSE Elevates Tinuade Awe to Executive Director Regulation

By Modupe Gbadeyanka

Ms Tinuade Awe has been promoted into the position of Executive Director in charge of Regulation at the Nigerian Stock Exchange (NSE).

Ms Awe’s elevation was announced on Monday in a statement issued by the stock market regulator and it takes effect from January 1, 2018.

Prior to her promotion, Ms Awe was the General Manager, heading the Legal and Regulation Division of the NSE, in which role she also served as General Counsel of the exchange. She served as Secretary to the Council of the NSE from January 2011 to October 2015.

Ms Awe became affiliated with the NSE in a consulting capacity in August 2010 and joined the employment of local bourse in August 2012.  She has been a member of the Executive Committee of the exchange since August 2012.

As Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe will oversee Broker Dealer Regulation, Listings Regulation, Market Surveillance & Investigations, and Regulatory Technology. The Rules and Interpretation and Disciplinary Units of the NSE will also report directly to her.

Commenting on the appointment, President of National Council of the NSE, Mr Abimbola Ogunbanjo, stated that, “I am very proud that the National Council has recognized Tinuade for the exemplary role she has played in transforming the Legal and Regulatory landscape of the exchange and would like to warmly congratulate her on her elevation as Executive Director, Regulation.

“Tinuade’s passion, energy and commitment to driving and executing on the Exchange’s transformation agenda has no doubt been instrumental in revolutionizing the Exchange and I am confident that she will continue to exert her influence and leadership   attributes in her new role for the betterment of the market and its stakeholders.”

Also, chief executive of the NSE, Mr Oscar Onyema, said, “As we restructure and reposition the exchange for the fourth industrial revolution, Ms Awe’s well deserved promotion is indicative of the great career advancement opportunities that exist at the Nigerian Stock Exchange.

“I congratulate her and look forward to working with her in this new function to build a globally competitive Self-Regulatory Organization.”

Commenting on her appointment, Ms Awe said, “I am both deeply appreciative and humbled by this recognition for my modest contributions to the exchange.

“I look forward to continuing to provide quality service to the NSE and its ecosystem by engendering an improved compliance culture based on substantial engagement as well as deployment of appropriate enforcement mechanisms; fully embracing and further deploying technology to serve our regulatory purposes; furthering our regulatory remit through key relationships with other regulators; and providing proactive and in-depth surveillance of our market.”​​

Ms Awe is a consummate professional with varied professional experiences garnered across three continents.

She has an LL.B Degree from the Obafemi Awolowo University, graduating as the Best Female Student in the Faculty of Law. She finished at the Nigerian Law School with First Class Honours, graduating as Best Overall Student.

She also holds LL.M Degrees from Harvard Law School, where she was a Landon H. Gammon Fellow, as well as The London School of Economics and Political Science (LSE), where she graduated with Merit.

At the LSE, she was a British Council Scholar. She is admitted to both the Nigerian and New York Bars.

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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Oyo Government Absolves 730 Workers into Civil Service

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Oyo Recruits

By Modupe Gbadeyanka

No fewer than 730 workers have been absolved into the Oyo State civil service following the approval of the state governor, Mr Seyi Makinde.

This was confirmed by the Commissioner for Information, Culture and Tourism, Mr Wasiu Olatubosun, in a statement signed on Friday.

The Commissioner disclosed that the conversion of the new civil servants was contained in a circular issued by the Chairman of the Civil Service Commission, Oyo State, Mr Kamoru Abíọ́dún Adéríbigbé.

According to hi, the conversion process, which cuts across 92 cadres, is the first of its kind in the history of the state.

Among the various cadres of the converted officers are the Administrative Officers, Accountants, Registrars of Cooperatives, Executive Officers, Nursing Officers, Agricultural Officers, Trade Officers, Statisticians, Engineers, Veterinary Officers, Geologists, Program Analysts, Scientific Officers, Social Welfare Officers, Store Officers and Land Officers, among others.

Earlier, the Civil Service Commission screened officers, through weeding tests for some workers and oral interviews across all Ministries, Departments and Agencies (MDAs) in the state.

“As usual, the conversion was in line with the template of merit and competence introduced by Governor Seyi Makinde FNSE, and considering the existing vacancy disposition for each of the cadres,” Mr Aderibigbe said.

The Chairman described the conversion as the Governor’s third-anniversary gift to beneficiaries and admonished them to reciprocate the kind gesture of the state government by discharging their duties diligently.

According to him, “This exercise can be likened to new recruitments that would not only enhance the status of the officers but also elongate the terminal levels of some of the beneficiaries beyond their present respective grade levels.”

Mr Aderibigbe, therefore, thanked Governor Makinde for putting smiles on the faces of workers, pensioners and the entire people of Oyo State.

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ECOWAS Trade Network Re-elects Nigeria’s Yakusak Ezra as President

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Yakusak Ezra

By Adedapo Adesanya

The Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Mr Yakusak Ezra, has been re-elected as the President of ECOWAS Trade Promotion Organisations (TPOs) Network in Accra, Ghana.

With the election, Mr Ezra is to serve another one-year tenure and will lead 15 other member ECOWAS countries in driving trade within the sub-region.

A statement signed by Mr Ndubueze Okeke, Head, Corporate Communications of NEPC said Mr Ezra’s re-election was also in line with Article 11 of the ECOWAS TPO Network.

“The ECOWAS Trade Promotion Organization is a network of all Trade Promotion Organizations in West Africa established by the decisions of the Council of Ministers at the Ordinary Session.

”Nigeria became the pioneer president in April 2021. Dr Ezra became the president following the expiration of the tenure of Mr Awolowo as ED/CEO of NEPC.

”The re-election of Dr Ezra was at the end of 2nd Annual General Meeting of the Network held at Alisa Hotel, Accra, Ghana from 19th – 20th May 2022.

”He was re-elected along with the vice president, Mr Ben Guy Mbangue from Cote’ D’Ivoire.

“The duo constitute the Executive Bureau of the Network and the tenure expires after one year. All members present unanimously re-elected the President and Vice President respectively,” the statement said.

ECOWAS TPO Network is a public-sector led entity and will work in partnership with the ECOWAS commission to drive inclusive trade development initiatives within West Africa and beyond.

The body is part of steps towards building mutual trust and cooperation without borders within the ECOWAS region. As of today, intra-Africa exports only account for about 16 per cent of Africa’s global export, and more specifically intra-ECOWAS trade only accounts for a tenth of ECOWAS countries’ global trade.

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FG Names Anamekwe Nwabuoku as Acting Accountant General

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Anamekwe Nwabuoku

By Aduragbemi Omiyale

Mr Anamekwe Nwabuoku has been appointed by the federal government as the acting Accountant General of the Federation (AGF).

The appointment of Mr Nwabuoku followed the suspension of Mr Ahmed Idris from office after the Economic and Financial Crimes Commission (EFCC) arrested him over an alleged N80 billion.

Last Monday, the anti-graft agency apprehended Mr Idris after his failure to honour an invitation extended to him over the matter.

He was taken into the EFCC custody to answer questions about the alleged fraud and to ensure an “unhindered investigation,” the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, asked him to step aside.

This action led to the postponement of the monthly Federal Account Allocation Committee (FAAC) last week as the embattled AGF leads the gathering.

In order not to create a vacuum, the federal government has asked Mr Nwabuoku to head the office in an acting capacity pending the outcome of the probe into the fraud allegation against Mr Idris.

His appointment was confirmed in a letter dated Friday, May 20, 2022, and signed by the Permanent Secretary in the Federal Ministry of Finance, Budget and National Planning, Mr Aliyu Ahmed.

According to the notice, the acting AGF is expected to carry out his duties in strict compliance with extant rules and observe the highest sense of professionalism.

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