Onyema to replace Okereke-Onyiuke as NSE boss
Published on 03 January 2011 with 0 comments   
[Post a Comment]

NIGERIAN-BORN chief administrative officer of the American Stock Exchange (AMEN), Mr. Oscar Onyema has been selected substantive managing director and chief executive officer of the Nigerian Stock Exchange (NSE).

Onyema beat two others including Yvonne Ike, a former staff of JP Morgan in the United States and Bola Onadele, head of Datanet Limited after a rigorous selection process under the mandate of Accenture Nigeria.

Though indications are rife that the Securities and Exchange Commission (SEC) is still awaiting nominations for other positions from the Council of the Exchange, he is to replace Ndi Okereke-Onyiuke who was sacked on August 4, 2010.

Competent source at the NSE confided in Daily Champion weekend that Onyeama was one of 131 who applied for the job, adding that the candidates were further scaled down to eight applicants who were interviewed by a recruitment panel made up of experts from the Johannesburg Stock Exchange (JSE), Accenture, a council member of the NSE and Emmanuel Ikhazoboh, current Interim administrator of the Exchange.

According to the source, Oyneama�s selection by the Council of the Exchange has already been communicated to the SEC which is understood also want to conduct its own independent search on the candidate.

Market analysts are of the opinion that considering the growing relationship between the US Stock Exchange and Nigerian capital market regulators in the last six months, it is unlikely that the SEC�s search will turn up any more than the results of searches conducted by the NSE.

Though efforts to get reactions from top shots in the SEC on the development failed, it was understood that under the Securities and Investment Act of 1999, the SEC is empowered to register principal members of the NSE. It was however not clear if authorities at the SEC may void the selection even as market observers said Mr. Onyeama has the required pedigree for the position.

Ikhazoboh had earlier said someone would definitely be selected before the end of December, 2010. Ballama Manu, Interim President/Council Chairman of the NSE also confirmed earlier that the Screening Committee had come out with recommendations to the Council on Monday November 22, 2010, and that this was approved with a few amendments.

Accenture Nigeria, which was contracted to handle the selection process, had confirmed that 944 candidates applied for the four positions. These include that of the CEO and three Executive Directors (EDs). The firm affirmed that 131 applied for the post of CEO and about 813 applied for the EDs positions.

Though Dr. Ndi Okereke-Onyiuke who was forced out from office on August over allegations of mismanagement is still in court over her sack, it was not yet clear whether the Ganiyu Solomon-led Senate Committee on Capital Market at the National Assembly which recently called for her reinstatement would welcome the latest development.

, you saw someone bomb up a place, . We have to respect each other.

^^^^
You ignorant tribalist (why did you delete your post?)
http://www.amex.com/atamex/aboutAmex/execOfficers/am_abt_exeOnyema.html

I know you are igbo. so you would defend this. But look at the people who made the decision. all of them finished national service less than 7 years ago. one of them just finished, another 4 years ago. and so. you live in a federation with law.

that is pure 419

^^^^
It is about competence. Unfortunately for you, Igbos are very competent people. They only appear to suffer in Nigeria where mediocrity and man-know-man, rather than competence, are the rules. Outside, Igbos shine like the star.

omongbatic:

^^^^
It is about competence. Unfortunately for you, Igbos are very competent people. They only appear to suffer in Nigeria where mediocrity and man-know-man, rather than competence, are the rules. Outside, Igbos shine like the star.

this why i do not like you

you are disgracing our igbo heritage everywhere

why not stop posting and think

it is not, if you do a lie detector test for all of this people. you would discover that they were just made to sign the paper.

and two. who own Accenture Nigeria

one them look like he still plays, play station 3.

^^^
What is the connection between AMEX and SEC and Onyema and Accenture?

alj harem1:

this why i do not like you

you are disgracing our igbo heritage everywhere

why not stop posting and think

You do not like me? Ask yourself if I appear to like you. What am I gonna do with your almajiri likeness?

BTW, are Igbos not very competent people? What are you beefing at?

you call me ethnic bigot. what if they impreach Jonathan tomorrow  and replace Jonathan with a northerner, how does that sound to you. that sounf fair?

Becomrich?:

you call me ethnic bigot. what if they impreach Jonathan tomorrow and replace Jonathan with a northerner, how does that sound to you.

Jonathan's deputy is Hausa. If he is impeached, then his replacement by law, is his Hausa VP. I have no qualms with that

omongbatic:

yYou do not like me? Ask yourself if I appear to like you.

BTW, are Igbos not very competent people? What are you beefing at?

yes we know we are very competent but do not use it to spit other nigerians

why do you use igbo name like this

what exactly is ur mission here on NL

do you think it is only NLer that read NL

i think you should stop this "we are the best in everything" because it is pride and i am sure your bible spoke to u about pride and how it leads to down fall

how many northerners do you see posting we are the best in military and etc

how many yoruba/edo people do you see posting " yoruba are good in all they do"

i think we all should be humble and see each other are brothers and work together.

when last have you been to nigeria in nigeria now, there are a lot of inter marriages and people have stop this tribal thing

we can make them impreach Jonathan Goodluck and replace him with a northerner. is that fair

you are in a federation and you respect others people.

Now have Jonathan broken the constitution of Nigeria since he became president? I am asking you a question

so why did we not replace Ya r adua with a northerner?

alj harem1:

yes we know we are very competent but do not use it to spit other nigerians

why do you use igbo name like this

what exactly is your mission here on NL

do you think it is only NLer that read NL

i think you should stop this "we are the best in everything" because it is pride and i am sure your bible spoke to u about pride and how it leads to down fall

how many northerners do you see posting we are the best in military and etc

how many yoruba/edo people do you see posting " yoruba are good in all they do"

i think we all should be humble and see each other are brothers and work together.

when last have you been to nigeria in nigeria now, there are a lot of inter marriages and people have stop this tribal thing

As an illiterate northerner, I know you feel VERY insecure. But what do you want me to do about it? Igbos are VERY competent people and I make no apologies. BTW, in these matters, I do not care about any other tribe, as it is not my business to do so. You only hear me mention Yoruba, etc, in response to a mention of Igbo. In this thread, I simply stated that Igbos are very competent and have not compared them to anyone else. So take your inferiority complex to almajiriland where you belong. Ewu awusa who wants to be Igbo. Tell me, what do we gain from accepting you as Igbo? Efulefu

you are an igbo person.

Becomrich?:

so why did we not replace Ya r adua with a northerner?

Why would you replace Yaradua with a Northerne when his deputy, by law is the natural replacement?
Are you trying to compare an elective post with established rules on replacement with a professional position that requires competence?
So you too, are a quota system Nigerian?

Becomrich?:

you are an igbo person.

Yes, and what then?

it is the way he was selected, look at the people who selected this person

omongbatic:

As an illiterate northerner, I know you feel VERY insecure. But what do you want me to do about it? Igbos are VERY competent people and I make no apologies. BTW, in these matters, I do not care about any other tribe, as it is not my business to do so. You only hear me mention Yoruba, etc, in response to a mention of Igbo. In this thread, I simply stated that Igbos are very competent and have not compared them to anyone else. So take your inferiority complex to almajiriland where you belong. Ewu awusa who wants to be Igbo. Tell me, what do we gain from accepting you as Igbo? Efulefu

well  >>>  carry on with your pride and hate

God be with you

thank u for your time

Becomrich?:

it is the way he was select, look at the people who selected this person

Who selected him? Is NSE not the right body to select its head? The current head of NSE is from Edo (Mr. Ikhazobor or something like that). Read the quote below

recruitment panel made up of experts from the Johannesburg Stock Exchange (JSE), Accenture, a council member of the NSE and Emmanuel Ikhazoboh, current Interim administrator of the Exchange.

you call me ethnics bigot, is olalade not a Yoruba man.?

Becomrich?:

you call me ethnics bigit, is olalade not a Yoruba man.?

Does the law of NSE state that the deputy must replace the head/CEO?

Why was Soludo not replaced by Tunde Lemo (Yoruba)?

Do you see why people are bombing places in Nigeria.

You know what, you people should just remove us, and handle your business.

Accenture is, in part, a recruitment company and they are only doing the job they are paid to do. They have no say in the final decision though. They identify and interview candidates.

Becomrich?:

Do you see why people are bombing places in Nigeria.

You know what, you people should just remove us, and handle your business.

Remove yourself, just like Biafra tried to do 40 years ago. Nobody will do it for you.

Did your people not try to replace Soludo with another Igboman, if not that we kick against it.  Igbos tried to replace Soludo with another igbo, using back door.


first of all Nairaland is own by igbo people to manipute the system. that why you edit post and others, to make other ethnics group look bad.

Becomrich?:

Did your people not try to replace Soludo with another Igboman, if not that we kick against it.  Igbos tried to replace Soludo with another igbo, using back door.

But was he replaced with another Igbo man? And who was even that Igbo man you talk about.
Who are the we who kicked against it? So you mean after you kicked against it, they still bypassed you and gave it to Hausa/Fulani? I dey laugh.

Becomerich:

All I know about Soludo was that Igbos tried to make the govt let him stay on. I did not read where they tried to replace him with another Igboman. So stop lying.