The Nigeria Commodity Exchange Plc (NCX) has announced the re-constitution of its Board and Executive Management. The new board is chaired by Mrs. Aishah N. Ahmad.
In a statement signed by Abiodun Sanusi, acting head of Communications, Nigeria Commodity Exchange Plc (NCX), the appointed is in line with the provisions of the Companies & Allied Matters Act (CAMA) 2020, and 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 three new Directors – Mrs. Aishah N. Ahmad, Dr Angela Sere-Ejembi and Mr. Phillip Yila Yusuf.
Mrs. 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 Mr. Elenwor Jima, [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 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.
Sanusi said that this development marks a critical milestone in the journey to transform the Nigeria Commodity Exchange into a world-class commodity trading company within the African and global commodity markets.