Nigerian Exchange Group Plc (NGX Group) has unveiled significant changes to the boards of its subsidiaries, Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX RegCo), and NGX Real Estate Limited (NGX RelCo).
Effective September 27, 2023, Mr. Ahonsi Unuigbe has been appointed as the new Board Chairman of NGX, succeeding Mr. Abubakar Mahmoud, SAN, OON, who has retired.
Several other board members, including Erelu Angela Adebayo, Mr. Kamarudeen Oladosu, Mr. Yomi Adeyemi, and Mr. Seyi Osunkeye, have also retired.
In addition, NGX shareholders have approved the appointment of Mr. Jude Chiemeka as Executive Director, along with five Non-Executive Directors: Mrs. Lilian Olubi, Mr. Azubuike Okpalaoka, Dr. Hamza Sule Wuro Bokki, Mr. Sehinde Adenagbe, and Mrs. Foluke Oyeleye.
NGX RegCo is also welcoming Dr. Salamatu Suleiman as its new Board Chairman, effective September 30, 2023, succeeding Mrs. Catherine Echeozo, who has retired. Mrs. Foluke Oyeleye has resigned from NGX RegCo’s board following her appointment as a Director at Nigerian Exchange Limited.
NGX RegCo’s shareholders have approved the appointments of Mr. Olufemi Akinsanya as a Non-Executive Director and Mrs. Amina Mohammed as an Independent Non-Executive Director.
Furthermore, Ms. Ngozichukwuka Edozien has been appointed as the new Board Chairman of NGX RelCo, effective October 7, 2023, succeeding Erelu Angela Adebayo, who has retired.
NGX RelCo’s shareholders have also approved the appointment of Mrs. Fiona Ahimie as a Non-Executive Director and two Independent Non-Executive Directors, Mr. Victor Alonge and Mr. Abdullahi Suleiman.
Commenting on these appointments, Alhaji (Dr) Umaru Kwairanga, Group Chairman of NGX Group, expressed his confidence in the new leaders, stating, “I am delighted to announce these pivotal changes in the leadership of our subsidiaries, NGX, NGX RegCo, and NGX RelCo. The appointments of Mr. Unuigbe, Dr. Suleiman, and Ms. Edozien represent a defining moment in our journey. 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 organizations toward 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 realizing NGX Group’s ambitious growth strategy. Their expertise will unlock the full potential of our organizations and, in turn, benefit our valued investors and stakeholders.
Dr. Kwairanga also extended his sincere gratitude to Mr. Mahmoud, Mrs. Echeozo, Erelu Adebayo, and all the retired board members of the various subsidiaries for their enormous contributions and exceptional service.
He remarked, “Their dedication and invaluable expertise have been instrumental in the Group’s journey, navigating through challenging economic and political landscapes. We extend our heartfelt appreciation for their remarkable accomplishments, which have had a lasting impact on the development and resiliency of our Group.”
