Leadership Changes at the Helm of FMDQ OTC Securities Exchange

Share This Article
Share on facebook
Share on linkedin
Share on twitter
Share on email

The Board of Directors (the “Board”) of FMDQ OTC Securities Exchange (“FMDQ” or the “OTC Securities Exchange”), has announced the retirement of the second Chairman of the Board of Directors, Dr. (Mrs.) Sarah O. Alade, OON, from the Company, effective April 28, 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, CON. 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, who has been pivotal to the transformation of the Nigerian financial markets over the years, led the OTC Securities Exchange astutely for almost three (3) years and was instrumental to the successes achieved by FMDQ during the period.

Speaking to her retirement, Dr. Alade 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.”

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 Alade has been replaced by Dr.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. Dr. Nnanna joins the Board of FMDQ with a wealth of experience having previously served as the Alternate Executive Director, representing Nigeria and twenty-one (21) other Sub-Sahara African countries on the Board of the International Monetary Fund, amongst numerous other relevant financial markets’ appointments. He is currently the Chairman of the Board of Directors of Africa Finance Corporation (AFC).

The Board has also announced the shareholders’ ratification of the appointment of Mr. Kennedy Uzoka, Group Managing Director/CEO of United Bank of Africa PLC, and Mr. Dapo Akisanya, Managing Director/CEO, AXA Mansard Pensions Limited, whose appointments to the FMDQ Board as Directors took effect on August 1, 2016 and January 1, 2017 respectively. This is in addition to the retirement of Mr. Yinka Sanni (Director and Chair, Board Governance and Human Resources Committee) from FMDQ. Mr. Sanni is Chief Executive Officer (CEO) of Stanbic IBTC Holdings PLC and represented the Financial Markets Sub-Committee of the Bankers’ Committee on the Board of FMDQ, in his capacity as erstwhile CEO of Stanbic IBTC Bank PLC.

Expressing appreciation to the outgoing Chairman, the Managing Director/CEO, FMDQ, Mr. Bola Onadele. Koko 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”.

As Nigeria’s foremost OTC Securities Exchange, FMDQ, under the leadership of Dr. Nnanna, remains committed to transforming the Nigerian financial markets in line with its GOLD (Global Competitiveness, Operational Excellence, Liquid and Diverse) Agenda.

 

More Articles

FMDQ Group PLC Hosts its 7th Annual GOLD Awards for the Nigerian Financial Markets

FMDQ Group Concludes its 2024 Financial Literacy Summer Camp Programme, Empowering the Next Generation

FMDQ Academy Attains LPI and CPD Accreditations, Launches Capital Markets Course

FMDQ-OXFO Partnership
With innovative technology and strategic partnerships we create a new value network and redefine the cost structure for homeownership so that more people
FMDQ Sustainability Agenda
FMDQ, through its activities, aims to achieve sustainability in the areas it actively operates and impacts, as such, its Sustainability Strategy is guided by five (5) main Sustainability Pillars…

Dear Subscriber,

Thank you for your interest in staying connected with us! Before proceeding, please take a moment
to read and acknowledge the terms and conditions below:

1. Privacy Policy: Your privacy is important to us. We will handle your personal information responsibly and in accordance with our Privacy Policy. You can review our Privacy Policy here.

2. Email Communications: By subscribing, you consent to receiving email communications from us. These may include newsletters, product and service brochures, and other relevant updates.

3. Subscription Confirmation: You will receive a confirmation email shortly. Please click on the provided link to confirm your subscription. This step ensures your interest in receiving emails from us.

4. Unsubscribe Option: Every email communication you receive will include an option to unsubscribe. If you ever wish to stop receiving our email communications, you can do so by clicking the “unsubscribe” link at the bottom of the email.

5. Age Verification: By subscribing, you confirm that you are 18 years old or the legal age of majority in your jurisdiction.

6. Frequency: We strive to send you relevant content without overwhelming your inbox. You can expect to hear from us [weekly/monthly/occasionally], depending on our content schedule

Please check the boxes below to confirm your consent.
If you have any questions or concerns about our terms and conditions, kindly contact us at
[info@fmdqgroup.com]

Report

Get access to industry data and reports

Report

Get access to industry data and reports

Report

Get access to industry data and reports

Report

Get access to industry data and reports