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The Board of NGX Group Plc has officially named 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.
As per the statement signed by Izuchukwu Akpa, Acting Group Company Secretary, Olufemi Shobanjo assumed the position on Wednesday, 28 February 2024. This follows the receipt of the Securities and Exchange Commission’s No-Objection and the completion of the tenure of the former CEO, Ms. Tinuade Awe, 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.”
Profile of Mr. Olufemi Shobanjo: According to the statement, Mr. Shobanjo boasts over 18 years of professional experience encompassing corporate and commercial law, compliance and regulation, as well as banking and financial markets. Before assuming the role of CEO at NGX RegCo, he served as the Head of broker-dealer Regulation at the same organization.
The Board of NGX Group extended its congratulations to Mr. Shobanjo on his appointment, expressing gratitude to Ms. Awe for her valuable contributions and wishing her success in her future endeavors.
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