Before his removal, he was the first Vice President of the NSE and with the expiration of the tenure of the incumbent President Chief Obafunke Otudeko this year, Dangote is expected to takeover.
Contacted through the phone, Otudeko confirmed the decision to Weekly Trust but refused to comment further. However, efforts to contact Dangote failed.
ANo specific reason was given at the time of filing this report for the action, but the decision might not be unconnected with the controversial African Petroleum plc, AP share manipulation scandal between the Forbes-listed billionaires, Dangote and Femi Otedola which led to the resignation of the Director-General of the Securities and Exchange Commission (SEC), Musa Al-Faki.
