Alhaji Aliko Dangote regains the President of the Nigerian Stock Exchange (NSE) post following a court ruling.
Dangote was elected the seventeenth president of the NSE in August 2009. Announcing Dangote’s election, the then Director-General of the NSE, Prof. Ndi Okereke-Onyiuke, had said he was elected on a unanimous acclamation by the council members.
However, Dangote’s election was nullified by the Federal High Court in Lagos in March 2010 following the appliance created to the court by some shareholders of African Petroleum Plc (now Forte Oil Plc), who had sued him, Nova Finance and Securities Ltd over alleged manipulation of AP shares.
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Category: Business News in Nigeria