Peter OBIORA investadvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) has contacted the remaining candidates for the post of Executive Directors (EDs) in its recruitment exercise ahead of its planned April 2011 resumption date.

Emmanuel Ikazoboh, Interim Administrator of the Nigeria’s Exchange made this affirmation to investadvocate in an exclusively chat recently in Lagos Nigeria.

“We carried out interviews two weeks ago; but we are contacting them; because we want to be sure that they are going to take the job. Until we get confirmation and they agree on the terms and condition; before we make any announcement” he said.

Ikazoboh had earlier in January 2011 told investadvocate that it was because of the weather situation in the United Kingdom (UK) and United State (US) in December 2010, that some of the candidates for the ED positions based in these places could not fly in; expect for those of the Chief Executive Officer (CEO) whom were available at that time to complete their interview process.

 

However, he affirmed that the selection process for the above positions would continue in January 2011 “we are calling people both locally and globally; Nigerians wherever they are, we want the best for the Exchange” he said.

The NSE had in September 2010 began the process of the selection of a new CEO and three EDs.

 

A Selection Committee had reviewed over 1,600 applications for the core positions; Accenture Nigeria contracted to handle the selection process had confirmed that 944 candidates applied for the four positions these include that of the CEO, and three EDs.

The firm said that 131 applied for the post of CEO and about 813 applied for the EDs positions.

 

It was gathered that the key attributes used in the selection process was based on integrity, good corporate governance, entrepreneurship prowess and ability to manage stakeholders.

 

Ikazoboh at a maiden Press Briefing held Tuesday August 17 2010 shortly after resumption of office at the Stock Exchange; affirmed he had a three point agenda; second of which is to ensure that the ongoing executive selection for the post of a substantive DG/CEO of the Exchange and three Executive Directors were properly carried out.

 

On August 04 2010 Prof. (Mrs.) Okereke Onyiuke erstwhile DG of the Nigeria’s Exchange was removed from office over allegations of financial mismanagement, insolvency of the NSE during her administration and poor corporate governance.