Business
By Benprince Ezeh
THE Nigeria Commodity Exchange Plc, NCX, has said that its shareholders have approved the retirement of directors and also the appointment of three new directors.
In a statement signed by Abiodun Sanusi, Ag. Head, Corporate Communications, on January 5 in Abuja, the commodity exchange said that “In line with the provisions of the Companies & Allied Matters Act, CAMA 2020, an extraordinary general meeting of the NCX held on January 4, 2022, at which all shareholders unanimously approved the retirement of directors and appointment of three new directors; Aishah N. Ahmad, Angela Sere-Ejembi and Phillip Yila Yusuf.
“Ahmad was subsequently appointed Chairman of the board at the inaugural board meeting, which also held on January 4, 2022. Additional board appointments will be made in due course.
“The newly reconstituted board along with a Transition Management Team, headed by Elenwor Thua, ‘acting as interim coordinator’, will temporarily oversee the operations of the Exchange, supervising an independent and transparent process to appoint a new Executive Management Team,” the statement said.
This development, according to the statement, marks a critical milestone in the journey to transform the NCX into a world-class commodity trading company within the African and global commodity markets
“The core shareholders of the NCX thank the outgoing Board and Executive Management for their patriotic service to the company and wish them all the best in their future endeavors,” the statement added.
Tags: CBN NCX Nigeria Commodity Exchange
