Koko lauds Alade for exemplary leadership as Chairman FMDQ OTC

The Managing Director/CEO, FMDQ OTC Securities Exchange, Mr. Bola Onadele. Koko has commended the outgoing chairman of the Exchange, Dr. Sarah Alade, for her immense contributions towards positioning the OTC Exchange to global reckoning.

Board of the OTC Securities Exchange recently announced retirement of the second Chairman of the Board of Directors, Dr. (Mrs.) Sarah O.Alade, from the Company, effective April 28, 2017. Dr. Alade was the Deputy Governor, Economic Policy Directorate, CBN, until her retirement in March 2017.

The outgoing Chairman, Dr. Alade, was appointed to the Board of FMDQ in July 2014, following the retirement of its inaugural Chairman, Mr. Aigboje Aig-Imoukhuede.
Representing the Central Bank of Nigeria (CBN) on the Board of FMDQ, Dr. Alade was the

Deputy Governor, Economic Policy Directorate, CBN, until her retirement in March 2017. Dr Alade has been replaced by Dr. Joseph Nnanna, the Deputy Governor, overseeing the Economic Policy Directorate, which covers the CBN’s Financial Markets’ franchise.

Mr. Bola Onadele. Koko ,MD/CEO OTC Exchange, expressing appreciation to the outgoing chairman, said “on behalf of the Directors and Management, I will like to seize this opportunity to express our deepest appreciation to her [Dr. Alade] for the exemplary leadership and superior counsel provided in directing the affairs of the FMDQ. I wish her many more healthy years ahead”.

Dr. Alade, he said, has been pivotal to the transformation of the Nigerian financial markets over the years, led the OTC Securities Exchange astutely for almost three years and was instrumental to the successes achieved by FMDQ during the period.
He said that As Nigeria’s foremost OTC Securities Exchange, FMDQ, under the leadership of

Dr. Nnanna, successor to Alade, remains committed to transforming the Nigerian financial markets in line with its GOLD (Global Competitiveness, operational excellence, liquid and diverse agenda.

Dr. Alade, speaking on her retirement, said “having had the privilege of leading the FMDQ Board since 2014, barely eight (8) months after the launch of the OTC Exchange onto the Nigerian financial markets, the time has come for me to say goodbye. Over the years, I have had the pleasure of working with a team of highly passionate and result driven professionals, from FMDQ staff members to the Management team and my fellow Board members.

I would formally like to extend my personal appreciation for their individual and collective efforts displayed throughout my tenure. I would also like to particularly thank the retiring Directors for their invaluable contributions to the achievement of the FMDQ dream and heartily welcome the new Directors to the FMDQ Board.”