The Board of Nigeria Exchange (NGX) Group Plc has announced the appointment of Mr. Olufemi Shobanjo as the Chief Executive Officer of NGX Regulation Limited (NGX RegCo).
NGX RegCo is the independent Self-Regulatory Organisation subsidiary of NGX Group Plc.
In a notice to the Nigerian Exchange Limited and the investment community, signed by Izuchukwu Akpa, Acting Group Company Secretary, Shobanjo’s appointment takes effect on Wednesday, 28 February 2024, following the receipt of the Securities and Exchange Commission’s No-Objection, as the former CEO, Ms. Tinuade Awe, completed her tenure on Tuesday, 27 February 2024.
The statement reads:“This is to notify Nigerian Exchange Limited (NGX or The Exchange) and the investing public of the appointment of Mr. Olufemi Shobanjo as the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), the independent Self-Regulatory Organisation subsidiary of Nigerian Exchange Group Plc.
“Shobanjo’s appointment takes effect on Wednesday, 28 February 2024, following the receipt of the Securities and Exchange Commission’s No-Objection, as the former CEO, Ms. Tinuade Awe, completed her tenure on Tuesday, 27 February 2024.”
Shobanjo has over 18 years of professional experience spanning corporate and commercial law, compliance and regulation, and banking and financial markets.
Prior to this appointment, he served as the Head of broker-dealer Regulation at NGX RegCo.
The Board of NGX Group congratulated him on his appointment and also expressed gratitude to Ms. Awe for her contributions and wished her success in her future endeavours.
