Aigboje bows out as NSE’S council president today
President, Council of the Nigerian Stock Exchange, Mr. Aigboje Aig-Imokhuede, will today, Monday, 25th September, 2017, perform his last function as the president of the council, following termination of his second tenure in office.
The event is the NSE’s 56th Annual General Meeting, while is expected to, among other things reveal the next phase of the demutualization of exchange, and the emergence of a woman as a council, member
Aigboje, former Group Managing Director Access Bank Plc, is a lawyer, investment banker, entrepreneur and philanthropist. He is the founder and Chairman of Coronation Capital Nigeria Limited, an Africa-focused private equity and proprietary investment firm established in 2014.
Chairman Board of Trustees of the Financial Market Dealers Association, and Chairman of Wapic Insurance Plc, Aigboje is elected member of the American Academy of Arts and Sciences.
The NSE appointed Aig-Imoukhuede, CON; and Mr. Abimbola Ogunbanjo as first and second Vice Presidents of the Council of The NSE after the 52nd Annual General Meeting of the NSE that took place in May 2013; he was reelected in 2015 for another tenure of two years.
The Exchange in a statement made available to Daily Times Nigeria, said that “the second pivotal change that may result post the AGM will be the election of a new council president.”
The outgoing President, Aig-Imokhuede, in the statement published in the Annual Account, said: “As I conclude my tenure as President of the national Council of the Nigerian Stock Exchange, it is with great sense of humility and fulfilment that I reflect upon the three memorable and fulfilling years of service in this prestigious role”.
He later highlighted some of his achievements in office which included, historic profitability in 2014, strong corporate governance rating systems, robust rules to protect investors, to mention a few. Perhaps, what will be the most significant achievement of Imokhuede will be steering the demutualization of the NSE to near completion.
Indeed, the NSE, has for several years, attempted to become a demutualized Exchange without appreciable progress. Today, the Exchange’s Demutualization Bill has passed second reading at both legislative chambers and a public hearing held. It is expected that upon resumption of legislative duties, the report of the public hearing will be presented and the bill will continue its positive trajectory.
To celebrate the achievements of Imokhuede’s tenure as President, a valedictory dinner will be held in his honour on September 25th, 2017, at Oriental Hotel, Lagos. It is at this event, that the new President will be unveiled to guests, which will include several high ranking public officials, CEOs of quoted companies, dealing member firms to mention a few.
Bonny Amadi
