Board of Directors
Management Team
Board of Directors
Chair
Mrs. Catherine Echeozo
CEO
Ms. Tinuade Awe
Independent Non-Executive Director
Mr. Chris Chukwu
Independent Non-Executive Director
Dr. Salamatu Suleiman
Independent Non-Executive Director
Mr. Edo- Abasi Bassey Ukpong
Non-Executive Director
Mr. Ebilate Mac-Yoroki
Non-Executive Director
Mrs. Foluke Oyeleye
CEO, NGX Regulation
Ms. Tinuade Awe
Chair
Mrs. Catherine Echeozo
Mrs. Cathy Echeozo is the Founder of Cathingens Organisation, a Social Investment and Innovation Non-Governmental Organization. She has over 33 years’ experience in the banking industry and retired as the Deputy Chief Executive Officer of GTBank in March 2017.
She serves on the Board of Guaranty Trust Holding Company Plc., and is an External Member, Investment Committee of CDC (the DFI of the UK). She previously served on the Boards of Stanbic IBTC Pensions Managers, and Nigerian Interbank Settlement System Plc. She is a fellow of the Institute of Chartered Accountants of Nigeria, and a Certified Information Systems Auditor from the Information Systems Audit and Control Association.
She obtained a Bachelor of Science, Accountancy from the University of Nigeria in 1984, and a Master in Business Administration (MBA) from the University of Maryland University College in 2003.
CEO
Ms. Tinuade Awe
Ms. Tinuade Awe is the Chief Executive Officer of NGX Regulation Limited. Prior to attaining this position, she was the Executive Director for Regulation at The Nigerian Stock Exchange (The Exchange). In that role, she was responsible for providing effective leadership to ensure that The Exchange carried out its regulatory activities in a legally compliant fashion, with transparency and integrity, due regard for the protection of investors and in a manner that mitigated systemic risk. Ms. Awe was a member of the Executive Committee of The Exchange from August 2012 to August 2020. Additionally, she served as Secretary to the Council of The Exchange from January 2011 to October 2015, Head of the Legal Department from 2010 to 2013 and General Counsel from October 2015 to December 2017.
She is a Trustee of the Investors’ Protection Fund of The Exchange. She is a member of the Boards of the Financial Reporting Council of Nigeria (FRC) and the Central Securities Clearing System Plc (CSCS) and chairs the Corporate Governance committees of both entities.
Ms. Awe has an LL. B Degree from the Obafemi Awolowo University, Ile-Ife, and LL.M Degrees from Harvard Law School and The London School of Economics and Political Science (LSE). She is admitted to both the Nigerian and New York Bars. Her interests include education, travelling, African art, and gender and development.
Independent Non-Executive Director
Mr. Chris Chukwu
Mr. Chris Chukwu is a banking and financial system consultant, and banking operation, supervisory and regulatory knowledge transfer specialist. He is a supervisory and regulatory expert, with broad and specialized banking knowledge, policy development, regulatory architecture, analysis of banking operation, information technology, risk management systems, risk-focused and consolidated supervision approaches, payment, clearing and settlement systems.
He serves on the boards of Banksys Solutions Consulting Limited, Maiburgami Company Nigeria Limited, and Chosidera Inc.(a U. S. A. Holding Company). He was a Member of Faculty, Toronto Centre, a global leader in knowledge transfer of financial supervision and regulation. He was a senior policy, supervisory and regulatory architect, under the Financial System Stability Directorate of the Central Bank of Nigeria, with emphasis on the safety, soundness and stability of the Nigerian financial system.
He authored the maiden Financial Stability Report of the Central Bank of Nigeria. He has an M.B.A. (Finance) and B.S (Accounting) from Alabama A& M University/Huntsville, Alabama. He is a Certified Public Accountant (CPA) and Commissioned United States’ Federal Reserve System Bank Examiner.
Independent Non-Executive Director
Dr. Salamatu Suleiman
Dr. Suleiman currently serves as a Non-Executive Director on the Boards of Stanbic IBTC Holdings Plc, Flour Mills of Nigeria Plc, West African Network for Peace Building and Alkali Hussaini Foundation.
She previously served as Commissioner Political Affairs, Peace and Security ECOWAS Commission. She had also served as Honorable Minister of State II Foreign Affairs and Honorable Minister of Women Affairs and Social Development, Federal Republic of Nigeria. She had worked with the Securities and Exchange Commission (SEC), where she served as the Secretary to the Commission and Director, Legal Services.
She is a member of the International Bar Association, Nigeria Bar association, LSE Alumni Association (Nigerian Branch) and the Institute of Directors (IoD). Ms. Suleiman holds an LLB (Hons) from the Ahmadu Bello University Zaria (1981) and an LLM (With Distinction in “Multinational Enterprise and the Law”) from the London School of Economics and Political Science (1987).
Independent Non-Executive Director
Mr. Edo- Abasi Bassey Ukpong
Mr. Ukpong is the founding Partner of CLP Legal (formerly Ukpong & Omotosho). He is a seasoned commercial law practitioner, well reputed in the areas of corporate finance, international business, energy and natural resources.
He is the pioneer chairman of the Competition Law Committee of the Section on Business Law, Nigeria Bar Association; and served as a member of the Technical Committee established by the Securities and Exchange Commission for the Review of Capital Market Structure and Process in 2008.
In addition to the membership of the Board of the Federal Capital Development Authority, and the National Executive Council of the Nigerian Conservation Foundation, he holds directorship in reputable companies, including RAK Unity Petroleum Plc, where he serves as Chairman, and the multi-national company, Heerema Marine Contractors Nigeria Ltd.
Mr. Ukpong holds an LL.B (Hons) from the Obafemi Awolowo University, Ile Ife (1984) and a B.L from the Nigerian Law School (1985).
Non-Executive Director
Mr. Ebilate Mac-Yoroki
Mr. Mac-Yoroki is the Managing Director/Chief Executive Officer of CityCode Trust & Investment Limited, Chairman of CityCode Mortgage Bank Limited (Licensed by the Central Bank of Nigeria and Federal Mortgage Bank of Nigeria), Chairman Karinax Nigeria Limited (a Shipping Company), and Chairman of Pavilion Developers Limited (a prominent Estate Construction/Developing Company in Nigeria).
He is an accomplished stockbroker and a fellow of the Institute of Chartered Stockbrokers (FCIS) since 1991. He is also an Associate Member of the Nigerian Institute of Management (ANIM). He is an alumni of the Harvard Business School, Boston, USA. where he completed a program on Driving Corporate Performance. He is also an alumni of Fannie Mac, Washington, USA.
Mr. Mac-Yoroki holds a degree in Accountancy from the University of Science and Technology, Port Harcourt (1984); and MBA in strategic Management (2000) from Ogun State University.
Non-Executive Director
Mrs. Foluke Oyeleye
“Mrs. Oyeleye is an experienced Business Manager with over 25 years of work experience spanning Telecoms, Financial, FMCG and Oil & Gas. She serves as a Non-Executive Director on the Boards of First Registrars and Investor Services Limited.
She currently works as a Director at Honeywell Group. Previously, she worked as the Operations Director at Telecgsm Limited and as the National Manager Retail and Service Centers in Econet (now Airtel). She is an Associate of the Chartered Institute of Stockbrokers and a member of the Institute of Directors (IoD) Nigeria and the Institute of Directors (IoD), UK.
She holds a Bachelor of Arts degree with Honours in Combined Social Sciences from St Mary’s College, University of Durham, UK (1995) and a Masters in Business Administration (MBA) from Harvard Business School, USA, (2006).
CEO, NGX Regulation
Ms. Tinuade Awe
Tinuade Awe is the Chief Executive Officer of NGX Regulation Limited, a subsidiary of the Nigerian Exchange Group Plc. She is also a Non-Executive Director of the Central Securities Clearing System Plc (CSCS).
She has an LL.B Degree from the Obafemi Awolowo University, Ile-Ife as well as LL.M Degrees from Harvard Law School and The London School of Economics and Political Science (LSE). She is admitted to both the Nigerian and New York Bars. She is an Associate Member of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), the Chartered Institute of Stockbrokers (CIS) and the Institute of Capital Market Registrars (ICMR). She is a Life Member of the Institute of Directors.
She was a member of the Senate’s Technical Advisory Committee on the Companies and Allied Matters Act (CAMA) Amendment Bill 2020. She served two terms as member of the Board of Financial Reporting Council of Nigeria (FRC). From 2017 to 2021, she served as the Chair of the FRC Board’s Corporate Governance Committee, which had Board level responsibility for overseeing the implementation of the National Code of Corporate Governance. She was also a Trustee of the Nigerian Exchange Limited’s Investors’ Protection Fund until 2021.
She was selected as one of the World Federation of Exchange’s Women Leaders for 2021. She is the recipient of The African Legal Awards 2018, General Counsel of the Year; Law Digest Africa Awards, General Counsel of the Year 2018, and Esq. Nigeria Legal Awards, General Counsel of the Year 2017. She also holds the IOSCO/PIFS-Harvard Law School Global Certificate for Regulators of Securities Markets.
Her interests include education, travelling, African art, and gender and development.
Management Team
CEO
Ms. Tinuade Awe
Head, Market Surveillance & Investigation
Abimbola Babalola (FCA, FCS, FCIB)
Head of the Broker Dealer Regulation Department
Olufemi Shobanjo
Head, Listings Regulation Department
Godstime Iwenekhai
Head, Rules and Adjudication
Toyin Adenugba
CEO, NGX Regulation
Ms. Tinuade Awe
CEO
Ms. Tinuade Awe
Ms. Tinuade Awe is the Chief Executive Officer of NGX Regulation Limited. Prior to attaining this position, she was the Executive Director for Regulation at The Nigerian Stock Exchange (The Exchange). In that role, she was responsible for providing effective leadership to ensure that The Exchange carried out its regulatory activities in a legally compliant fashion, with transparency and integrity, due regard for the protection of investors and in a manner that mitigated systemic risk. Ms. Awe was a member of the Executive Committee of The Exchange from August 2012 to August 2020. Additionally, she served as Secretary to the Council of The Exchange from January 2011 to October 2015, Head of the Legal Department from 2010 to 2013 and General Counsel from October 2015 to December 2017.
She is a Trustee of the Investors’ Protection Fund of The Exchange. She is a member of the Boards of the Financial Reporting Council of Nigeria (FRC) and the Central Securities Clearing System Plc (CSCS) and chairs the Corporate Governance committees of both entities.
Ms. Awe has an LL. B Degree from the Obafemi Awolowo University, Ile-Ife, and LL.M Degrees from Harvard Law School and The London School of Economics and Political Science (LSE). She is admitted to both the Nigerian and New York Bars. Her interests include education, travelling, African art, and gender and development.
Head, Market Surveillance & Investigation
Abimbola Babalola (FCA, FCS, FCIB)
Abimbola Babalola is a Fellow of the Institute of Chartered Accountant of Nigeria (ICAN), Fellow of Chartered Institute of Stockbrokers (CIS), Fellow, Chartered Institute of Bankers of Nigeria (CIBN), Associate, Chartered Institute of Taxation of Nigerian (CIT).
He attended Yaba College of Technology, Yaba for his college education where he bagged Higher National Diploma (HND – Upper Credit) in Computer Science and a Bachelor of Science (B.Sc) Degree with a Second Class Upper Division (2:1) in Accounting and a Master of Science (Computer Science) from University of Lagos.
Abimbola joined the Nigerian Stock Exchange in 1997 as an Executive Assistant in the Research and Information Technology Department. He pioneered the establishment and sales of Market Data at the Exchange under a project called CAPNET. He also served as the Market Control Officer, System Administrator. He actively participated in the implementation of trading systems and training of Stockbrokers on the use of the trading software. He was also actively involved in rules making and product development at The Exchange. In 2011, he became the pioneer Head, Market Surveillance and Investigations Department, a newly established Department in The Exchange to ensure protection of market’s integrity and investors
He has served meritoriously in many capacities on assigned responsibilities and initiatives at the Exchange. He was in the team that automated the trading system from traditional Call-over system. At certain periods, he has served in several Committees of The Exchange, including, The Index Committee, Product Development Committee; Secretary, Project Steering Committee of Council on Trading Platform Software Selection; and Secretary, Oral examination Panel for Stockbrokers. He once served as the subject matter expert for Equity Market Making, Market Segmentation and Securities Lending.
He successfully delivered a world class real-time Market Surveillance Software, as the Subject Matter Expert and Project Manager for the acquisition and implementation of a world class surveillance software for the Exchange pursuant to operating a fair and orderly market based on just and equitable principles. In high-spirits, and together with his team, he has pursued the investors’ protection drive of The Exchange leading to restitution of misappropriated investment proceeds for numerous investors running into Billions of Naira.
He recently led his team to seamlessly implement the newly price stratification of equity securities and pricing methodology of The Exchange; with hands-on practical training of the stock broking community and interactive engagements with all stakeholders.
He is an ardent teacher whom despite his complex task of protecting the integrity of one of the most dynamic Stock Exchanges in Africa, still finds time to contribute immensely as a facilitator in the regular financial literacy programs and external stakeholders’ engagements organized by the Exchange as a support for the development of the nation’s financial system.
He has a range of interests including education, leadership, public speaking, and lecturing. Currently, he facilitates professional development programmes for the Chartered Institute of Bankers (CIBN), Institute of Chartered Accountant of Nigeria (ICAN) and Chartered Institute of Stockbrokers (CIS).
Head of the Broker Dealer Regulation Department
Olufemi Shobanjo
Mr. Olufemi Shobanjo is the Head of the Broker Dealer Regulation Department at NGX Regulation Limited (“NGX Regulation”), a subsidiary of the Nigerian Exchange Group Plc. Prior to NGX Regulation, he was the Head of the Broker Dealer Regulation Department at The Nigerian Stock Exchange (“The Exchange”) responsible for the regulation and supervision of over 250 stock broking firms in the Nigerian capital market.
He has over seventeen (17) years professional experience spanning across corporate and commercial law, compliance and regulation, banking and financial markets. Prior to The Exchange, he worked for a couple of leading financial institutions in the UK including Anglo Irish Bank Corporation and HSBC Global Banking and Markets as part of the compliance advisory and monitoring team.
He holds a Law degree (LLB) from the University of Birmingham, UK and a Master’s degree in International Commercial Law (LLM) from Cardiff Law School (University of Wales). He has also attended several professional courses and is an alumni of the Lagos Business School having completed the Senior Management Program.
He is an Associate Member of the Chartered Institute for Securities and Investments UK, an Associate Member of the Institute of Capital Market Registrars of Nigeria and a Member of the Nigerian Bar Association.
Head, Listings Regulation Department
Godstime Iwenekhai
Mr. Godstime Iwenekhai is an experienced accounting professional with more than fifteen (15) years of working experience cutting across Audit, Investigations, Compliance, Risk Management, Project Management, Financial Reporting and Regulatory Oversight of regulatory entities. Godstime is currently the Head, Listings Regulation Department of NGX Regulation Limited (“NGXReg”). Prior to the demutualization of The Nigerian Stock Exchange (“The Exchange”), he occupied the same role at The Exchange.
He joined The Exchange in 2011 as the Head, Monitoring and Enforcement Unit of the Broker Dealer Regulation Department from KPMG Professional Services (“KPMG”) where he was a Senior Associate in the Audit & Assurance Division. Prior to his job at KPMG, he worked as an Audit Associate at Deloitte Nigeria.
Godstime is a member of the Institute of Chartered Accountants of Nigeria (ICAN), Association of Chartered Certified Accountants (ACCA), Certified Information Systems Auditor (CISA), Chartered Institute of Stockbrokers (CIS), Certified Forensic Accountant of Nigeria (CFAN), the Institute of Chartered Secretaries and Administrators (ICSAN) and the Institute of Capital Market Registrars (ICMR). He holds an MBA from the Obafemi Awolowo University, Ife-Ife; and a BSc in Quantity Surveying from the same Institution.
He was a member of the National Technical Committee that developed the Nigerian Code of Corporate Governance 2018.
He is currently a member of the Technical Working Group of the Finance and Capital Market Thematic Area for the development of Medium Term National Development Plan (MTNDP) 2021 – 2025, MTNDP 2026-2030 and the Nigeria Agenda 2050 under the Federal Ministry of Finance, Budget and National Planning.
Godstime has attended several professional development programs on diverse areas of Auditing, Compliance, Sustainability Accounting, Good Corporate Governance and Regulatory Accounting in world leading institutions. He is an Ordained Pastor with the Redeemed Christian Church of God (RCCG) and is happily married with children.
Head, Rules and Adjudication
Toyin Adenugba
Toyin is Head, Rules and Adjudication at NGX Regulation Limited. He joined The Nigerian Stock Exchange (The NSE), now NGX in March 2013, and led the production of The NSE’s first Consolidated Rulebook (2015); and Due Diligence Book for Listing Securities (2017). He was a Member, the Nigerian Senate’s Technical Committee on the Review of the Investments and Securities Act (ISA) and the Companies and Allied Matters Act (CAMA) 2020. He represented The NSE in the Rules & Compliance Sub-Committee of the Securities and Exchange Commission (SEC)’s Capital Markets Committee (CMC); and in the Financial Services Regulation Coordinating Committee (FSRCC – SPPOW). Toyin currently represents NGX in the African Securities Exchanges Association (ASEA)’s Policy and Regulation Working Group; he was appointed as Association of Stock Exchanges of Nigeria’s representative/Observer at SEC’s Administrative Proceedings Committee sittings; and he is a Member of the National Assembly Business Environment Roundtable (NASSBER) Expert Network.
Toyin holds a Bachelor of Laws (LL.B.) degree of the University of Lagos (2001); attended the Nigerian Law School and was called to the Nigerian Bar (2003); and holds a Master of Laws (LL.M.) degree of the University of Warwick, Coventry, UK (2007). He previously practised at ACAS-Law; Siji Soetan & Co.; and AELEX (Legal Practitioners & Arbitrators). Toyin is a Member, Nigerian Bar Association, International Bar Association, and Society for Corporate Governance Nigeria (SCGN); he is an Associate, Toronto Centre; Associate, Institute of Chartered Secretaries and Administrators of Nigeria (ACIS); Associate, Institute of Capital Market Registrars (ACMR); and Fellow, Association of Enterprise Risk Management Professionals (FERP). He has also attended the US SEC’s Institute for Securities Market Growth and Development, as well as the International Organization of Securities Commissions (IOSCO) trainings. Toyin is a resource person for NGX’s X-Academy; and is a Patron of The Boys’ Brigade Nigeria’s 3rd Mainland Company.
CEO, NGX Regulation
Ms. Tinuade Awe
Tinuade Awe is the Chief Executive Officer of NGX Regulation Limited, a subsidiary of the Nigerian Exchange Group Plc. She is also a Non-Executive Director of the Central Securities Clearing System Plc (CSCS).
She has an LL.B Degree from the Obafemi Awolowo University, Ile-Ife as well as LL.M Degrees from Harvard Law School and The London School of Economics and Political Science (LSE). She is admitted to both the Nigerian and New York Bars. She is an Associate Member of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), the Chartered Institute of Stockbrokers (CIS) and the Institute of Capital Market Registrars (ICMR). She is a Life Member of the Institute of Directors.
She was a member of the Senate’s Technical Advisory Committee on the Companies and Allied Matters Act (CAMA) Amendment Bill 2020. She served two terms as member of the Board of Financial Reporting Council of Nigeria (FRC). From 2017 to 2021, she served as the Chair of the FRC Board’s Corporate Governance Committee, which had Board level responsibility for overseeing the implementation of the National Code of Corporate Governance. She was also a Trustee of the Nigerian Exchange Limited’s Investors’ Protection Fund until 2021.
She was selected as one of the World Federation of Exchange’s Women Leaders for 2021. She is the recipient of The African Legal Awards 2018, General Counsel of the Year; Law Digest Africa Awards, General Counsel of the Year 2018, and Esq. Nigeria Legal Awards, General Counsel of the Year 2017. She also holds the IOSCO/PIFS-Harvard Law School Global Certificate for Regulators of Securities Markets.
Her interests include education, travelling, African art, and gender and development.