NGX Group Plc’s Board has officially appointed Mr. Olufemi Shobanjo as the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), an independent Self-Regulatory Organisation under Nigerian Exchange Group Plc.
The announcement, communicated through a notice to Nigerian Exchange Limited and the investment community, outlined that Shobanjo assumes the role starting February 28, 2024.
The appointment follows the Securities and Exchange Commission’s approval, succeeding the tenure completion of the former CEO, Ms. Tinuade Awe, on February 27, 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”.
As per the provided statement, Mr. Shobanjo brings over 18 years of professional expertise in corporate and commercial law, compliance, regulation, and banking and financial markets. Before his current role, he held the position of Head of broker-dealer Regulation at NGX RegCo.
The NGX Group Board extends congratulations to Mr. Shobanjo on his appointment. Additionally, the Board acknowledges and appreciates Ms. Awe for her valuable contributions and wishes her success in her future endeavours.
