Nigeria Commodity Exchange reconstitutes board

Nigeria Commodity Exchange reconstitutes board

The Nigeria Commodity Exchange Plc has approved the retirement and appointment of new directors.

It disclosed this in a statement signed by the acting Head, Corporate Communications, Abiodun Sanusi, titled ‘Re-constitution of the board and executive management of the Nigeria Commodity Exchange Plc’ on Wednesday.

The statement said, “The Nigeria Commodity Exchange Plc hereby informs the public that in line with the provisions of the Companies & Allied Matters Act 2020, an extraordinary general meeting of the NCX held on January 4, 2022, at which all shareholders unanimously approved the following resolutions:

“The retirement of directors; the appointment of new directors- Mrs Aishah Ahmad, Dr Angela Sere-Ejembi, and Mr Philip Yusuf.”

It stated that Ahmad was subsequently appointed chairman of the board at the inaugural board meeting, and additional board appointments will be made in due course.

The statement said that the newly reconstituted board along with a transition management team, headed by the acting Interim Coordinator, Mr Elenwor Ihua, will temporarily oversee the operations of the Exchange, supervising an independent and transparent process to appoint a new executive management team.

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