Dangote to resume as NSE President today

Following the Court of Appeal ruling, last weekend, upholding Alhaji Aliko Dangote as President of Nigerian Stock Exchange, NSE, he is expected to resume duty today.
With the reinstatement, Dangote is expected to take over from Mallam Ballama Manu, who has been the Interim President of the Council since August 5, 2010 when SEC intervened in the running of Exchange.

Prior to his election in 2009, Dangote was the Council’s first Vice-President. He joined the Council in February 2008 as the Chairman, Kaduna/Kano/Yola Zonal Council.
It would be recalled that Dangote was elected the 17th President of the NSE in August 2009.
Announcing Dangote’s election, the then Director-General of the NSE, Prof. Ndi Okereke-Onyiuke, had said Dangote was elected based on a unanimous acclamation by the council members immediately after the conclusion of its 48th Annual General Meeting, AGM.


VANGUARD