The Nigerian Stock Exchange has announced the restructuring of its legal department and council secretariat for greater efficiency.
As part of the restructuring, the Exchange has separated its legal department from the council secretariat and appointed Mrs. Mojisola Adeola as the Council Secretary and Head of the Council Secretariat.
The council secretariat, which is currently under the legal and regulation division, will now be one of a number of departments integrated into the Office of the Chief Executive Officer, a statement by the Exchange’s Head, Corporate Communications, Mr. Olumide Orojimi, stated.
Adeola, a lawyer and chartered secretary, takes over from Ms. Tinuade Awe, who served as Council Secretary from January 2011.
According to the statement, Awe will remain at the Exchange as General Counsel and Head of the Legal and Regulation Division.
“In this role, she will focus on driving greater efficiency in the Exchange’s regulatory functions within the zero tolerance rubric, improving its relationship with other regulators, and preparing the Exchange for demutualisation,” the Exchange said.
It also said that Mrs. Irene Robinson-Ayanwale, who previously headed both the Legal Department and the Council Secretariat would retain her role as Head of the Legal Department where she would focus on protecting the Exchange from legal liability and providing first class legal support for the Exchange’s ongoing initiatives.
The statement noted that Adeola “has extensive company secretarial, legal and governance experience”, having held prior relevant positions.
Most recently, she served as Company Secretary/Legal Adviser to Acorn Petroleum Plc. She holds an LLB degree from the University of Lagos and qualified to practices as a Barrister and Solicitor of the Supreme Court of Nigeria in 2005.
The Chief Executive Officer, NSE, Mr. Oscar Onyema, was quoted as saying, “The Executive Management and Council note the significant contributions of Mrs. Irene Robinson-Ayanwale, who combined the two roles reporting to Ms. Awe prior to the appointment of Mrs. Mojisola Ruth Adeola.