NPF Pensions MD, Hamza Bokki, others appointed NGX Group board members
By Emma Ogbuehi
The Managing Director and Chief Executive Officer of the Nigeria Police Force Pensions Limited, Dr. Hamza Sule Wuro Bokki, has been appointed a non-executive director of the Nigerian Exchange Group Plc. (NGX Group).
This follows the announcement by the NGX Group of significant changes to the board of its subsidiaries, Nigerian Exchange Limited (NGX), NGX Regulation Limited (NGX RegCo), and NGX Real Estate Limited (NGX RelCo).
Thus, effective from September 27, 2023, NGX appointed Mr. Ahonsi Unuigbe as its new Board Chairman, succeeding Mr. Abubakar Mahmoud who has retired.
Other board members who retired alongside Mahmoud include Erelu Angela Adebayo, Mr. Kamarudeen Oladosu, Mr. Yomi Adeyemi, and Mr. Seyi Osunkeye.
In their stead, the shareholders of NGX approved the appointment of Mr. Jude Chiemeka as Executive Director, along with five Non-Executive Directors: Mrs. Lilian Olubi, Mr. Azubuike Okpalaoka, Mr. Sehinde Adenagbe, Mrs. Foluke Oyeleye and Dr. Bokki
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Similarly, NGX RegCo welcomed Dr. Salamatu Suleiman as its new Board Chairman, effective September 30, 2023, succeeding Mrs. Catherine Echeozo, who has retired. Mrs. Foluke Oyeleye also resigned from NGX RegCo’s board following her appointment as a Director at Nigerian Exchange Limited. NGX RegCo’s shareholders have also approved the appointments of Mr. Olufemi Akinsanya as Non-Executive Director and Mrs. Amina Mohammed as Independent Non-Executive Director.
Furthermore, Ms. Ngozichukwuka Edozien has been appointed as the new Board Chairman of NGX RelCo, effective October 7, 2023, succeeding Erelu Angela Adebayo, who has retired. Shareholders of NGX RelCo also approved the appointment of Mrs. Fiona Ahimie as Non-Executive Director and two Independent Non-Executive Directors, Mr. Victor Alonge and Mr. Abdullahi Suleiman.
Commenting on these appointments, Alhaji (Dr) Umaru Kwairanga, Group Chairman of NGX Group, stated, “I am delighted to announce these pivotal changes in the leadership of our subsidiaries, NGX, NGX RegCo and NGX RelCo. The appointments of Mr. Unuigbe, Dr. Suleiman and Ms. Edozien represent a defining moment in our journey. We have meticulously planned for this transition, and I have complete confidence that they will continue to uphold our tradition of excellence and steer our organizations toward even greater heights.
“Mr. Unuigbe, Dr. Suleiman and Ms. Edozien bring a wealth of experience and a profound understanding of our industry’s dynamics. Their track records in service delivery make them ideal leaders for these roles. As we embark on a new chapter, we anticipate their contributions to be instrumental in realizing NGX Group’s ambitious growth strategy. Their expertise will unlock the full potential of our organizations and, in turn, benefit our valued investors and stakeholders.”
Dr. Kwairanga also extended his sincere gratitude to Mr. Mahmoud, Mrs. Echeozo, Erelu Adebayo, and all the retired board members of the various subsidiaries for their enormous contributions and exceptional service.
He remarked, “Their dedication and invaluable expertise have been instrumental in the Group’s journey, navigating through challenging economic and political landscapes. We extend our heartfelt appreciation for their remarkable accomplishments, which have had a lasting impact on the development and resiliency of our Group.”
Dr. Bokki is the pioneer Managing Director of the NPF Pensions Limited.
In the last ten years of his stewardship at the mono-clientele Pension Fund Administrator (PFA), he has led a team that has taken the organization to enviable heights.
Today, NPF Pensions limited is not only the best police investment entity but also the toast of the pensions industry in Nigeria having achieved the incredible feat of being the best in investment performance for two consecutive years.
Not only is the NPF Pensions Limited the first and only PFA to attain the first position in investment returns in all four funds, it also has the fastest growth rate in the industry.
Under Dr. Bokki’s leadership, NPF Pensions crossed N1 trillion Assets Under Management (AUM) size and sits pretty on the fourth AUM table in the Industry despite its limitations as a mono-clientele PFA.