NASD elects Bolo Chairman as Falowo retires

At the meeting of the Board of NASD Plc held recently, the directors unanimously elected Mrs. Olayimikah Bolo, as the Chairman of the Board of the company. 

Mrs. Bolo, a seasoned capital market practitioner, succeeded  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.

A statement from the NASD’s Management says: “ 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.”

Mrs. 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. Mrs. 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. She started her career as an analyst in the Top-Tier Local Corporates Group in Citibank Nigeria (formerly Nigeria International Bank), where she was drafted into the elite Management Trainee Corp, which identifies and promotes high-potential talents of the Bank.

She 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, the first OTC Market launched in Nigeria, and is the Chairperson of its Audit and Risk Committee (2024); she is a member of the Chartered Institute of Directors, Nigeria (CIOD), and a member and Chartered Risk Manager (CRM) of the Chartered Risk Management Institute of Nigeria (CRMI), formerly known as the Risk Management Association of Nigeria (RIMAN) where she occupied the position of the 2nd Vice President in 2015/2016. She is the Chairperson of OOF Foundation.

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