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Ade Bajomo, Jalo-Waziri Resign as NSE Directors

By Dipo Olowookere

Executive Director, Market Operations and Technology at the Nigerian Stock Exchange (NSE), Mr Ade Bajomo; as well as his counterpart in charge of Capital Markets at the NSE, Mr Haruna Jalo-Waziri, have resigned from the stock market regulator.

Mr Jalo-Waziri resigned from the NSE effective October 31, 2017 to assume his new role as the Chief Executive Officer of CSCS Plc.

On the part of Mr Bajomo, he is leaving the NSE from December 31, 2017 to pursue other challenges.

During his time at the NSE, Mr Jalo-Waziri made significant contributions to NSE’s revenue growth and had responsibility for several key projects and initiatives.

Some of his signature assignments were launch of the premium board, Federal Government Savings bond, Eurobond, Sovereign Green bond development, Exchange traded funds, and incorporation of NG Clear Limited.

He was also the sponsor for the Derivatives Project, which is set to launch imminently. For the wider capital market, he chairs the CAMMIC sub-committee on attraction of new listings.

For Mr Bajomo, he was behind the digital revolution of trading at the Exchange with the launch of XGEN, XNET, introduction of trading app called Trade Smart, organization of the first NSE Market Data Workshop, and phenomenal growth of the market data business to name a few.

For the wider capital market, he served on the board of NASD Plc and chaired the Infrastructure and Technology sub-committee of the Nigerian Capital Market Committee.

Chief executive of the NSE, Mr Oscar Onyema, while commenting on the development, thanked both men for their immense contributions to the stock market.

“We thank Ade and Haruna for their immense contributions to the transformation of The Exchange and the Nigerian capital markets over the past few years.

“They led various significant projects and initiatives to improve efficiency and drive sustainable growth of the market. We wish them success in their personal and professional future. We shall miss them,” he said.

On the part of President of the National Council of the NSE, Mr Abimbola Ogunbanjo, he commended both gentlemen for “their meritorious stewardship characterized by their innovative ideas and most importantly, fully executing on the NSE’s strategic growth plans.”

“Ade and Haruna are consummate and dedicated professionals and I am confident that they will both excel in their future endeavours and on behalf of the National Council I wish to thank them for their dedication and accomplishments during their term in office,” he added.

Mr Jalo-Waziri, while commenting on his resignation, stated that, “I consider myself privileged to have served The Nigerian Stock Exchange as the Executive Director in charge of Capital Markets for over five years.

“I am honoured to have worked with the CEO, Oscar Onyema, management and staff of the Exchange and a vast majority of exemplary people within the capital market ecosystem over the years.

“As I move to the next phase of my career, I look forward to continue contributing to the development of the capital market through my stewardship at CSCS”.

On his part, Mr Bajomo said, “It has been my personal privilege and professional honour to have worked and served the Nigerian Stock Exchange in the capacity of Executive Director, Market Operations and Technology.

“In my over six years with the Exchange, I have worked with a highly talented pool of individuals within the exchange and the wider capital market that supported our work and delivery of market wide initiatives and I will sorely miss them all.

“I am also honoured to have worked with the previous and current council presidents and members. I am confident that the market will continue its growth trajectory and sustain market leadership”.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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