The Nigerian Stock Exchange, in furtherance of the interim management’s mandate, has made some changes which would impact on operational relationships.

 

Proshare NI is able to confirm that the following changes have taken place in the last few days. It is equally understood that efforts to address the capacity and competence gaps created or identified is on-going.

 

Some of the key developments so far include:

 

1. Mrs. Josephine Igbinosun: is an AGM serving as the Exchange’s Company Secretary until last Friday, December 3, 2010. Information available suggest that she may be asked to ‘move to another department’, possibly ‘listings’ or ‘RRM’.

 

2. Mrs. Taba Peterside: was the General Manager (GM) for Regulations & Risk Management (RRM). She has now been moved to ASEM/PRIPEX.  (Prior to now, this has been a non-performing department for which there had been un-validated stories of mismanagement of funds meant for travels and logistics to carry out inspections, etc.)

 

3. Mr. Mohammed Aliyu Mohammed: was an AGM who had worked in the Listings function underMr. Kene Okafor and later Mr. Binos Yaroe. Upon the separation of Mr. Farooq Oreagba from the organisation, Mohammed was sent to the ‘strategy group’. He has now been moved to head the RRM dept.

 

4. Mr. Funso Fatobi: was a DGM in charge at the ASEM/PRIPEX unit. He now runs the ‘strategy group’.

 

5. Mr. Sola Oni: was the Corporate Affairs Manager of the NSE who finally moved to the Marketing Department (a move already in the works before now) but has since resigned his appointment after years of meritorious service to the exchange. The Corporate Affairs section is now headed by Mr. Wole Tokede, an equally seasoned media practitioner, and Sola Oni’s understudy.

 

6. Ms Tinu Awe: is the professional assistant of the Interim Administrator who will act as a liaison/secretary.

 

Source: Proshare