Commodity Exchange reconstitutes board, mgt

The Nigeria Commodity Exchange Plc (NCX) has reconstituted its board and executive management, a statement said.

The firm in the statement by the acting spokesman of NCX, Abiodun Sanusi, said it in line with 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 resolutions for the retirement of Directors, the appointment of three new Directors who are Mrs Aishah N. Ahmad, Dr Angela Sere-Ejembi and Mr Phillip Yila Yusuf.

• Why Ikoyi building collapsed – Panel of inquiry
• Banditry: Police arrest Chinese nationals, miners in Kogi, Niger, Kaduna

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 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 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 endeavours.

This development 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.