NASD Plc has elected Olayimikah Bolo, as its new chairman of the board.
Bolo succeeds Kayode Falowo, who will retire at the Annual General Meeting on August 26, 2025.
The development follows recent directives from the Securities and Exchange Commission (SEC) aimed at enhancing corporate governance practices among public companies and capital market operators. Bolo, a seasoned capital market practitioner with over 28 years of experience, brings a wealth of knowledge to the role.
The Exchange said that “at the meeting of the Board of NASD Plc, which took place on the July 29, 2025, the directors unanimously elected Mrs. Olayimikah Bolo, as the chairman of the Board of NASD Plc.
“Bolo, a seasoned capital market practitioner, succeeds Mr. Kayode Falowo, who will be retiring at the Annual General Meeting of NASD Plc on August 26 2025, after which her appointment takes effect.This is in line with and in compliance with the recent directives of the SEC to all public companies and Capital Market Operators and is a further testament to NASD’s unswerving commitment to best practices in corporate governance.
“Bolo who is the chief risk officer of Chapel Hill Denham, is an accomplished and resourceful professional with over 28 years of experience in strategic risk management, compliance, risk governance (credit, market, operational risks), strategy & policy formulation, and corporate finance advisory.
“Bolo was the acting managing director/chief operations officer of FMDQ Clear Limited (a subsidiary of FMDQ OTC Securities Exchange Limited). Before then, she was the head of Risk Governance for Stanbic IBTC Holdings and had held various positions at Kakawa Discount House Limited (now FBNQuest Merchant Bank) as the head of Risk, Manager Corporate Finance and Ag. Head of Credit, and at Access Bank as the head of Trading Corporates,” a statement from the NASD’s management said.
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It noted that, “Bolo holds a Bachelor of Science (BSc.) degree in Chemical Engineering from the University of Lagos, Nigeria and an Executive Masters in Business Administration from the Lagos Business School (now Pan- Atlantic University), Nigeria. She sits as a non-executive director on the Board of NASD OTC Securities Exchange.”
