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NGX Group Mourns Loss Of Former Chairman, Ogunbanjo

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NGX Rallies Corporates On Sustainability Reporting

. . . Commiserates With The Wigwe Family

The Nigerian Exchange Group Plc (NGX Group) is deeply saddened to acknowledge the tragic passing of its former Group Chairman, Bamofin Abimbola Ogunbanjo, and the Group Managing Director of Access Holdings Plc, Dr. Herbert Wigwe, along with his wife and son, in a helicopter accident in the United States of America.

This was communicated in a statement from the NGX in Lagos on Sunday.

It stated, “Bamofin Abimbola Ogunbanjo, a visionary leader and luminary in Nigeria’s corporate legal and capital market spheres, served as the President of the National Council of the Nigerian Stock Exchange (NSE) from 2017 to 2021 and as the first Group Chairman of NGX Group from 2021 to 2022, following the demutualization of the Exchange.

“His strategic acumen and dedication were instrumental in shaping NGX Group’s transformative journey.”

Group Chairman, NGX Group, Umaru Kwairanga, expressed his heartfelt condolences, thus, “NGX Group mourns the untimely departure of Bamofin Abimbola Ogunbanjo and Dr. Herbert Wigwe, along with his wife and son.

“Bamofin Ogunbanjo’s leadership has left an indelible mark on our organization and the broader Nigerian financial community, and his legacy will continue to inspire us.

“Dr. Wigwe also leaves an unblemished footprint in our private sector. Our thoughts and prayers are with their families during this difficult time. May their souls rest in peace and may the Almighty comfort their families”.

On his part, Group Managing Director/CEO, NGX Group, Temi Popoola, added, “The passing of Bamofin Ogunbanjo is a profound loss for NGX Group and the entire Nigerian private sector. He played a crucial role in shaping NGX Group, and while he will be sorely missed, his visionary leadership and impact will never be forgotten.

“It is heartbreaking to learn that Dr. Wigwe, his wife and son also lost their lives in the accident.

“The contributions of these two respected leaders to the financial markets and the overall private sector will be remembered, and we are committed to preserving their legacy by upholding the principles of leadership, innovation, and dedication that they exemplified.”

Biztellers reports that beyond his role at the NGX Group, Ogunbanjo was a distinguished legal practitioner, having served as Managing Partner of Chris Ogunbanjo LP (Solicitors).

Similarly, he served on the boards of several multinational corporations and non-profit organizations including Beta Glass Plc and the Advisory Board of the University of Buckingham Centre for Extractive Studies.

He also served on the Board of GTL Registrars Limited, AIICO Insurance Plc and ConocoPhillips Limited amongst others.

His contributions to the legal profession and corporate governance were exemplary, earning him widespread respect and admiration.

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JUST IN: Reps Summon Petroleum Minister Amid Fuel Crisis

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The House of Representatives has taken decisive action in response to the widespread shortage of Premium Motor Spirit, commonly referred to as petrol, by summoning the Minister of Petroleum Resources.

This move follows a motion of urgent public importance introduced by Shehu Ajilo, the representative for Makarfi/Kudan Federal Constituency, during Tuesday’s plenary session.

While President Bola Tinubu currently holds the position of Minister of Petroleum Resources, and Heineken Lokpobiri serves as Minister of State (Petroleum Resources), the specific minister summoned was not disclosed by the lawmakers.

Lawmakers anticipate receiving a briefing from the Minister regarding the fuel crisis, along with proposed measures to tackle the issue effectively.

 

 

Details later.. . .. . . 

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BREAKING: Senators Fight Over Seats In Newly Renovated Chamber

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Senate asks NLNG to pay host communities N18.4b compensation within 2 months 

A tumultuous scene unfolded during the Senate’s return to plenary on Tuesday, marked by a heated altercation among senators over seating arrangements in the recently refurbished chamber.

Commencing around 11 am, the plenary commenced with the customary procession, followed by Senate President GodsWill Akpabio’s announcements, including recognition of lawmakers whose birthdays occurred during the recess.

Tensions escalated when Senator Sahabi Yau (APC, Zamfara North) engaged in a vocal exchange with Senate leader Opeyemi Bamidele (APC, Ekiti Central), with finger-pointing gestures exchanged between the two.

Subsequently, Danjuma Goje (APC, Gombe Central) joined Yau in confronting Bamidele and Senate Services chairman Sunday Karimi (APC, Kogi West) regarding the seating arrangements.

Reports indicate that the dispute stemmed from discontent among senior senators regarding their seating positions, particularly those allocated seats in the front row on the far right side of the aisle.

In an attempt to restore order, the Senate President called for senators to address their grievances individually, yet Yau refused to comply, prolonging the tumultuous session for approximately 20 minutes.

Following the Senate President’s address, the Senate leader proposed a resolution to convene a closed-door session, which was subsequently approved.

At approximately 12:05 pm, the Senate transitioned into an executive session.

The Senate had adjourned plenary on March 20 until April 16, with resumption postponed twice to accommodate the completion of renovations on the chamber, which had been ongoing since 2022.

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Senators Clash Over Seat In Renovated Chamber

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The resumption of Senate proceedings on Tuesday was marked by a heated confrontation as senators engaged in a row over seating arrangements.

The session, which began at 11 am, saw Senate President GodsWill Akpabio kick off with routine announcements, including recognition of birthdays celebrated by lawmakers during the break.

However, the atmosphere turned tense when Senator Sahabi Yau (APC, Zamfara North) raised his voice at Senate leader Opeyemi Bamidele (APC, Ekiti Central), sparking a fiery exchange.

Joining Yau, Senator Danjuma Goje (APC, Gombe Central) directed shouts at Bamidele and Senate Services chairman Sunday Karimi (APC, Kogi West), who was overseeing seating arrangements.

Ranking Senators reportedly expressed frustration over their seating assignments in the front row on the last right side of the aisle.

Despite Senate President’s suggestion for them to approach the chair individually, Senator Yau declined.

The tumultuous session continued for approximately 20 minutes as senators exchanged heated remarks.

Following the Senate President’s welcome-back address, the Senate leader proposed transitioning to a closed-door session.

Subsequently, at approximately 12:05 pm, the Senate convened for an executive session.

Plenary, which was initially adjourned on March 20 until April 16, was postponed twice to accommodate the ongoing renovations of the chamber since 2022.

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