October 24, 2021 / 7.00AM / ASHON /Header Image Credit: NNN
Mr. Sam Onukwue recently emerged as the new Chairman of the Association of Securities Dealing Houses of Nigeria (ASHON); the election of Onukwue followed the statutory retirement of Chief Onyenwechukwu Ezeagu after five years of service.
Under the new leadership, Mr. Sehinde Adenagbe became the first Vice-Chairman and Ms. Ifeyinwa Ejezie, the former Public Relations Officer, emerged as the second Vice-Chairman.
Before being elected Chairman, Onukwue was the First Vice Chairman of ASHON. He had also served as the Assistant Financial Secretary, Financial Secretary and General Secretary.
Onukwue is a graduate of Accounting from the Yaba College of Technology, a Fellow of the Institute of Chartered Accountants of Nigeria (CFA), and the Chartered Institute of Stockbrokers (FCIS). He also holds an MBA from the University of Lagos and an M.Sc. from Leeds University, UK.
He has extensive banking and capital market experience spanning over 30 years, including service at the Central Bank of Nigeria (CBN), several other lending institutions.
He serves on the Board of many companies, top-class professional bodies and trade groups. Addressing the shareholders at the meeting, Ezeagu highlighted some of the achievements of his administration:
"Without the risk of immodesty, it is important to put on record the few things we were able to achieve. These include the promotion of visibility as a credible voice on Capital Market issues. Widening the scope of income-generating activities for members outside the NGX and NASD by promoting the Lagos Commodities and Futures Exchange (LCFE). Our representatives negotiated with the relevant parties on the Demutualization of NGX Group. Our members got a favourable share of 78% holding, the presentation of the Position of the Association during the Joint Public Hearing on the Demutualization Bill and Unclaimed Dividends at the National Assembly, meetings with Market Elders, Past and Present Chairmen of NGX Council on the way forward for the market amongst others." Said Ezeagu.
Other members of ASHON's new Governing Council include Olubunmi Ajayi, Sigma Securities Limited, Oluwadare Samuel Adejumo, Pivot Capital Limited, Olumuyiwa Adeyemi, Atlas Portfolio Limited, Kolawole Thomas Oyedokun, DSU Brokerage Services Limited, Charles Egbunonwo, Forthright Securities & Investment Limited, and Chief Ezeagu, the immediate past chairman who is now an ex-officio member.