NGX Group Has Announced Board Changes Across Its Companies

The Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX RegCo), and NGX Real Estate Limited (NGX RelCo) are the three subsidiaries of the Nigerian Exchange Group Plc (NGX Group), which has announced important board changes.

With effect from September 27, 2023, NGX has named Ahonsi Unuigbe as its new board chairman, taking over for the retired Abubakar Mahmoud.

Yomi Adeyemi, Kamarudeen Oladosu, Erelu Angela Adebayo, and Seyi Osunkeye are the other board members who have retired.

Together with Jude Chiemeka, five non-executive directors were also approved by NGX’s shareholders: Mrs. Lilian Olubi, Mr. Azubuike Okpalaoka, Dr. Hamza Sule Wuro Bokki, Mr. Sehinde Adenagbe, and Mrs. Foluke Oyeleye.

With effect from September 30, 2023, NGX RegCo is pleased to announce the appointment of Dr. Salamatu Suleiman as its new Board Chairman. Mrs. Catherine Echeozo has retired. In addition, Mrs. Foluke Oyeleye left the board of NGX RegCo after being appointed a director of Nigerian Exchange Limited.

The appointments of Mrs. Amina Mohammed as an independent non-executive director and Mr. Olufemi Akinsanya as a non-executive director have also been approved by the shareholders of NGX RegCo.

With effect from October 7, 2023, Ms. Ngozichukwuka Edozien has been named the new Board Chairman of NGX RelCo, taking over for the retired Erelu Angela Adebayo. The appointment of Mr. Victor Alonge and Mr. Abdullahi Suleiman as Independent Non-Executive Directors, as well as Mrs. Fiona Ahimie as Non-Executive Director, were also approved by NGX RelCo’s shareholders.

NGX Group Group Chairman Alhaji (Dr.) Umaru Kwairanga made the following statement in response to the appointments: “I am thrilled to announce these crucial changes in the leadership of our companies, NGX, NGX RegCo, and NGX RelCo.

The appointments of Ms. Edozien, Dr. Suleiman, and Mr. Unuigbe mark a turning point in our path. We have prepared for this change with great care, and I am fully confident that they will carry on our history of excellence and lead our organizations to even greater success.

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