FMDQ OTC PLC Holds 4th Annual General Meeting

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FMDQ OTC PLC Holds 4th Annual General Meeting. The fourth (4th) Annual General Meeting (AGM) of FMDQ OTC PLC (“FMDQ” or the “Exchange”) was held on Friday, April 8, 2016, at the Intercontinental Hotel, Lagos.

The AGM, which began at 11:00 AM, considered, as part of its ordinary business, the presentation of the Financial Statements of the Exchange for the year ended December 31, 2015, together with the Report of the Directors and Auditors to the Shareholders. During the AGM, the Shareholders reappointed the Auditor, Messrs. KPMG Professional Services, to serve as the Company’s External Auditors for another year, authorised the Directors to fix the External Auditors’ remuneration and re-elected the members of the Audit Committee.

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Welcoming the Shareholders to the AGM, the Chairman of FMDQ, Dr. (Mrs.) Sarah O. Alade, OON, recounted that 2015 had been a busy year for the Exchange as it worked hard to position itself as Nigeria’s foremost debt capital market securities exchange. Speaking further, the Chairman stated that in 2015, FMDQ listed Federal Government of Nigeria (FGN) bonds and several corporate bonds as well as quoted Nigerian treasury bills and commercial papers. The Exchange also successfully organised the FMDQ 2015 Nigerian Debt Capital Market (DCM) Workshop, as part of its contribution to the Nigerian financial market space. According to her, FMDQ remains committed to initiating and engaging in initiatives that will develop and make the FMDQ markets globally competitive by improving liquidity, transparency, governance and efficiency in the markets in 2016.

The Managing Director/CEO, FMDQ, Mr. Bola Onadele. Koko, while commenting on FMDQ’s financial performance, appreciated all stakeholders for their diverse contributions towards ensuring a successful 2015 for the Exchange. He promised that in 2016, FMDQ would not rest on its oars as it remained poised to consolidate on the progress already made to ensure that the Nigerian financial markets are continually empowered to be innovative and credible in support of the nation’s economy.

 
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