So I got a call yday. It was a private number, and the voice said, ‘ You don’t know me, but I know you’.
I said ok… but I don’t air nike sneakers jordan 4 cheap nike air force jordan air max 95 sale custom sublimated hockey jerseys cheap yeezy shoes black friday wig sale custom paintball jerseys velvet rose personal water based lubricant max white shoes custom dallas stars jersey max white shoes uberlube luxury lubricant cheap yeezy shoes human lace front wigs take calls from private numbers, and he said ohhh calm down.””” By the time I am finished, you will be happy you took the call.
I said. Okkk. Talk to me. He started with a cowardly retort. ‘ I saw you at the AGM, and I am wondering why you suddenly went quiet’
I said, ‘ I don’t understand,’ and he continued. The place is a mess. Oscar should have been dealt with, but he was given a soft landing
Oscar is the GMD of NGX, the holding company, and I said, “Why would you have wanted his humiliation
He bought CSCS shares at a premium. Over 40% and the regulators have asked to sell down, and this would put the NGX in trouble.
At this juncture, I was no longer comfortable and I said,’ can you at least tell me your name and he repeated that I should leave his name out as he didn’t want to lose his job.
He offered to send me documents that would make me scream, and at the right time, he would reveal himself to me and engage better.
He didn’t want me to keep quiet again and that I should be shouting until the market stabilized.
Now this is the problem of the market. It is filled with yellow liverered denizens who would rather cower in cupboards like rodents instead of standing tall and fighting for its integrity.
Now, this person would rather stay behind and push me to the front with information that can not be verified instead of using his experience and market savvy to work for its growth.
After his ramble, I gave him three reasons why I had gone ‘quiet’.
First, a new board had just been inaugurated, and it only just made sense that we give them the opportunity to work
Secondly, the new Board was peopled by people that I have had very long standing professional relationships with spanning over 20years and as such could and would vouch not only for their integrity but also for their capacity to reform the markets
Thirdly, I would be a fool to jump up and start firing daggers at people simply because I was being promted by a faceless eunuch who didn’t even have the courage to reveal his identity.
As if God was listening, that evening, the new Board announced an Interim Dividend pay out to its shareholders, the very first ever since the demutualization of the Bourse.
Instantly, the market went on fire. Pple were screaming, and in fact, this heralded a new dawn
I immediately placed a call to the New Chairman- Alhaji Kwairanga and congratulated him and he assured me of his intentions of not only sorting out the CSCS wahala but also ensuring that probity and accountability returned to the Exchange.
He also informed me that various committees had been set up to look into very strategic areas in a bid to push expansive robust reforms.
If you know Alhaji Kwairanga, you will better understand why I have gone ‘quiet’.
A boardroom titan who has garnered immense experience sitting on such triple A Boards like Lafarge and Jaiz Bank, amongst others.
He brings to the NGX an unequaled depth and clarity of purpose garnered from over 20 years of sterling service as a Frontline operator.
My ‘silence’ has also been compounded by the inclusion of next level leadership as personified by my two brothers- Mohammed Garuba, whose Cardinal Stone Group remains one of the most influential market players in recent times.
I have sang Nonso Okpala’s credentials to high heavens. Do you expect less, from one of the most brilliant young guns who have built his VFD Group from an idea into a major indigenous conglomerate with interest spanning – capital market, Finance, Media amongst others.
The NGX is breathing a sigh of relief as a result of its being led by the single most vibrant leadership at the board level since its inception
If you now add the management led by fire brain Temi Popoola and supported by heavy weight Tony Ibeziakor, you would join me in my silence.
We must understand that the NGX is operating in an opaque operating environment coupled with regulatory partiality which has given platforms like the FMDQ an upper hand hence its seeming lethargy to growth which in itself has impaired its ability to reward its shareholders and provide birth rite leadership.
However, with the strong set off from the marks, Alhaji Kwairanga and his team have sent a very strong signal that they are ready and are also able to reposition the NGX as a major and pivotal engine for economic growth
So my faceless brother, I will ask you to join me in silence as we all put in serious efforts in supporting this team as they embark on this tedious but very exciting journey.
Welldone Alhaji, you have my total support.
It’s that simple
Duke of Shomolu
