FMDQ Designates Diamond Bank, GTB MDs, Others As Directors

The Board of Directors of FMDQ OTC Securities Exchange has designated the Managing Directors of Guaranty Trust Bank Plc, Mr Segun Agbaje, Diamond Bank Plc, Mr Uzoma Dozie, and three others, as non-executive directors.

The FMDQ said in its July 2018 newsletter that the appointment of the five new directors, which was announced at the 6th Annual General Meeting in Lagos on Friday, would take immediate effect.

The firm stated that the shareholders also ratified the appointment of the outgoing Managing Director, Ecobank Nigeria Plc, Mr Charles Kie; Managing Director/Chief Executive Officer, FBNQuest Merchant Bank, Mr Kayode Akinkugbe; and Head, Global Markets West Africa, Stanbic IBTC Bank Plc, Mr Samuel Ocheho, as non-executive directors of the FMDQ.

According to the newsletter, the FMDQ shareholders also ratified the retirement of four non-executive directors, following the end of their terms in accordance with the company’s governance guidelines.

The newsletter read in part, “The retired non-executive directors are the Chief Executive Officer, Stanbic IBTC Bank Plc, Dr Demola Sogunle; Managing Director, First Bank of Nigeria, Dr Adesola Adeduntan; Group Managing Director/Chief Executive Officer, United Bank for Africa, Mr Kennedy Uzoka; and the Managing Director, Citi Bank Nigeria, Mr Bayo Adeyemo.”

Meanwhile, the FMDQ has announced a strategic collaboration with the media agency, Thomson Reuters, to deepen the capacity to help drive liquidity and enhance the visibility of the Nigerian financial market to domestic and international investors.

The firm said the two organisations committed to combine forces to help drive Nigeria’s global competitiveness and visibility to global investors.