Ogunbanjo Replaces Aig-Imoukhuede as NSE President

By Dipo Olowookere

Mr Abimbola Ogunbanjo has been elected as the new President of the Nigerian Stock Exchange (NSE) National Council.

His election took place at the NSE’s 56th Annual General Meeting (AGM) held on Monday, September 25, 2017, at the NSE Event Centre, Lagos.

Mr Ogunbajo, with this development, replaces President of the National Council of the NSE, Mr Aigboje Aig-Imoukhuede, after three years in office.

Also elected at the AGM was Mrs Catherine Nwakaego Echeozo, who is now the Vice President of the council.

A statement issued by the NSE on Monday disclosed that during the meeting, members also elected Erelu Angela Adebayo; Chartwell Securities Limited (Represented by Mr Oluwole Adeosun); Equity Capital Solutions Limited (Represented by Mr Kamarudeen Oladosu); and Fortress Capital Limited (Represented by Mr Yomi Adeyemi) into the council.

Others include Pilot Securities Limited (Represented by Mr Seyi Osunkeye); Planet Capital Limited (Represented by Mr Chidi Agbapu); Woodland Capital Markets Plc (Represented by Mr Patrick Ajayi) and Katsina State Investment & Property Development Co. Limited (Represented by Mrs Fatimah Bintah Bello–Ismail).

The outgoing President, Mr Aigboje Aig-Imoukhuede, while speaking at the AGM, commended the council and management of the NSE for their cost containment efforts and their diligent approach to budgeting which saw total expenses decline by 12 percent year-on-year without affecting its high operating standards and service quality.

On his part, Chief Executive Officer of the NSE, Mr Oscar N. Onyema, said the exchange has delivered strong and broad-based results which strengthen our foundation for long-term prosperity, and will drive growth in the near-term.

During the AGM yesterday, the NSE presented its Financial Statements as at December 31, 2016 as well as reports of National Council and Auditors, which were presented to the members as part of the Ordinary Business of the day.