warripekin:

Correct me if i am wrong. The papers this morning says its Emmanuel Ikhazubor.

The Securities and Exchange Commission yesterday named Emmanuel Ikhazobor as interim administrator to oversee the Nigeria Stock Exchange (NSE) pending the appointment of a new director general, but sources say Yvonne Fasinro, JP Morgan Chase Country Lead for Nigeria, will soon be named the substantive director general.

bidemi12:

mumu people. dem go put person wey get vested interested to handle stock exchange. dem no know say e go do everything and anything in his power to favor imself?

Yvonne Fasinro

Yvonne is a Senior Vice President at JP Morgan Chase, one of the world's biggest financial services institutions with assets worth $1.1 trillion and operations in more than 50 countries.

She is currently the Europe , Middle East and Africa head of Business Risk for the Private Bank.

She is an Ernst and Young trained Chartered Accountant and also holds a BSc in Economics.

Yvonne joined J P Morgan in 1994 and in that time has worked in the Private Bank for the last 6 years. Prior to this she worked in the Investment Bank in a variety of roles in the Fixed Income, Credit and then Equity and Equity Derivatives Businesses.

She serves on the board of Fate Foundation UK and the board of AMOS Recruitment and Training Ltd.

She is also actively involved with several charities including acting as a Life Counsellor of the NSPCC, a mentor for the Princes Trust and a supporter of U-Turn.

Yvonne is married to Kunle and they are blessed with a daughter, Morenike.

wales:

The Securities and Exchange Commission yesterday named Emmanuel Ikhazobor as interim administrator to oversee the Nigeria Stock Exchange (NSE) pending the appointment of a new director general, but sources say Yvonne Fasinro, JP Morgan Chase Country Lead for Nigeria, will soon be named the substantive director general. Mrs Fasinro, a seasoned banker, has an impressive pedigree. Her husband is Habeeb Fasinro, the House of Representatives member representing Eti Osa federal constituency, Lagos State whose father is the first town clerk of Lagos City Council. Her father, Christopher Kolade, was Nigeria's former high commissioner to Britain, and a management expert.


When contacted yesterday, Udoma U Udoma, the chairman of the stock exchange said, "I am not aware of that so I cannot confirm it. I am not the spokesperson for SEC or stock exchange." Similarly, a SEC official was reluctant to confirm the appointment yesterday.

Mrs Fasinro is a Senior Vice President at JP Morgan Chase, one of the world's biggest financial services institutions with assets worth $1.1 trillion and operations in more than 50 countries. She is an Ernst and Young trained Chartered Accountant who holds a BSc in Economics. She joined JP Morgan in 1994 and in that time has worked in the private bank, investment bank, and in a variety of roles in the fixed income, credit, equity,and equity derivatives businesses.

Investigation commences

Meanwhile, the SEC has commenced investigations into the activities of the stock exchange over allegations of financial irregularities in the exchange. The commission's director general Arumah Otteh who addressed a press briefing to officially announce measures taken by the commission to address integrity and governance concerns that has plagued the NSE in the last two years, said:

"Like all of you, the commission has closely followed the development in the Nigerian Stock Exchange,

particularly with the ongoing litigation, implementation of the succession plan, allegations about financial impropriety and corporate governance lapses at the exchange." She said in view of its immediate findings, it was in the best interest of the market for the commission to take drastic measures in order to restore sanity into the system.

"The allegations purport that the exchange is insolvent and may soon face bankruptcy and it will not be able to meet its financial obligations." She said. Mrs Otteh explained that the commission has not been able to prove these allegations as the NSE has not yet submitted its audited financial statements for the year 2009 as statutorily required. "A formal investigation will therefore serve to shed more light on the situation." She said, adding that the removal of Ms Okereke-Onyiuke and president of the NSE council, Aliko Dangote was to stop the drift in the stock exchange.

Mr. Dangote, after weeks of infighting, last week declared that the NSE was insolvent due to mismanagement and lack of corporate governance. He therefore called for an investigation into the financial records of the stock exchange to determine its true state as a going concern.

Ms Otteh announced Mr Ikhazoboh as the interim administrator and Balama Manu, former chairman of the Federal Inland Revenue Service (FIRS), as interim president of the council of the NSE. She also said the interim administrator will run the exchange until a substantive director general is appointed. "By the very nature of an interim role, he will be ineligible to compete or vie for the position of the director general of the exchange," she said. Mr. Ikhazobor is the immediate past chairman and CEO of Akintola Williams Delloite, for West and central Africa which also acts as external auditors for the NSE.

http://234next.com/csp/cms/sites/Next/News/Metro/Politics/5603517-146/fasinro_to_take_over_at_stock.csp

She is currently the Europe , Middle East and Africa[b] head of Business Risk [/b] for the Private Bank.