Abimbola Ogunbanjo Steps In As Nigeria Stock Exchange President,

Posted on September 25, 2017

The exchange, in a statement, said that the election of Ogunbanjo was reached at its council meeting immediately after its 56th Annual General Meeting in Lagos.

Ogunbanjo would replace former Access Bank Plc boss, Mr. Aigboje Aig-Imoukhuede, who bowed out after completion of his three-year tenure as president.

It added that Aig-Imoukhuede would continue to serve on the National Council as an ex-officio member, pursuant to its Article of Association.

Ogunbanjo, who joined the council in 2011, had been the First Vice President since 2014.

He is the Chairperson of the demutualisation Advisory Committee of the NSE and currently serves as the Managing Partner of the renowned leading corporate law firm of Chris Ogunbanjo & Co (Solicitors).

The statement said that Abubakar Balarabe Mahmoud, SAN, current President of the Nigerian Bar Association (NBA) and one of the founding partners of the law firm of Dikko & Mahmoud, was elected first vice president.

Catherine Echeozo, former deputy managing director of GT Bank, was elected as Second Vice President.

Commenting on the recent development, Aig-Imoukhuede said that it was the robust succession planning framework of the bourse council that ensured the emergence of Ogunbanjo.

“I am delighted that our robust succession planning framework has ensured the emergence of a worthy successor in the person of Abimbola Ogunbanjo.

His background as a legal practitioner and successful corporate player, combined with years of meritorious service as a council member, has equipped him with the knowledge and experience required to take the Exchange to higher levels of performance and development,” he said.

Oscar Onyema, NSE Chief Executive Officer, also commended the outgoing President for his contributions, commitment and distinction in service.

“Aig-Imoukhuede brought hands-on experience and business expertise to the council which contributed to the development of the Exchange despite the harsh economic and policy environment that characterised his tenure.”

He also said “the election of Ogunbanjo brings continuity and ensures that the Exchange would continue to deliver on its strategic objectives.”