Nigerian exchange sacks 40 workers

ADVERTISEMENT

The Nigerian Exchange Group (NGX) has sacked some staff members days after its annual general meeting (AGM) which was held in Lagos.

According to Nairametrics, over 40 staff members of NGX Group were affected, with top shots in the organization asked to go.

The affected staff members include regulatory officers, compliance managers, audit managers, the investment team, the chief finance officer, and the general counsel of NGX, among others.

The overhaul was led by PricewaterhouseCoopers (PwC), a multinational professional services firm.


PAY ATTENTION: Follow Dockaysworld on Facebook and stand a chance to win ₦100,000 in our top fans challenge CLICK HERE to participate now and win exclusive prices, airtime and gifts!!!!!

The PwC carried out a staff audit and made recommendations to Group Managing Director/Chief Executive Officer of Nigerian Exchange Group, Mr Temi Popoola, who implemented the downsizing.

“Mr Popoola knew that he was in a position to be the next Group CEO when Oscar Onyema (former NGX Group CEO) left. So, as soon as he assumed office, he contracted PwC to overhaul NGX Group,” an affected senior staff member told Nairametrics.

“However, several times, PwC asked about job responsibilities from the Human Resources (HR) Department. In preparation for the AGM, as Holdco managers, we were in charge of organizing the AGM and we did a lot of leg work to ensure that we got enough proxy shareholders so as to secure enough percentage required to rectify Popoola as GMD.”


PAY ATTENTION: Follow Dockaysworld on Whatsapp to never miss breaking news JOIN US NOW to get news that matters at your convenience!!

Share this article



Follow Dockaysworld

ADVERTISEMENT

Recommended articles

Sanusi makes first appointment as Kano Emir

Sanusi makes first appointment as Kano Emir

Gunmen kill Nigerian soldiers in deadly ambush (Video)

Gunmen kill Nigerian soldiers in deadly ambush (Video)

Labour announces date to conclude minimum wage talks with FG

Labour announces date to conclude minimum wage talks with FG

Umo Eno’s Leadership Model worthy of emulation – Arewa Journalists Forum

Umo Eno’s Leadership Model worthy of emulation – Arewa Journalists Forum

Sanwo-Olu appoints new deputy chief of staff

Sanwo-Olu appoints new deputy chief of staff

FG speaks as Labour rejects N60K minimum wage proposal

FG speaks as Labour rejects N60K minimum wage proposal

Game of thrones: Federal court orders Emir Sanusi’s eviction from palace

Game of thrones: Federal court orders Emir Sanusi’s eviction from palace

ECOWAS Seeks Sustained Collaboration on 49th Anniversary

ECOWAS Seeks Sustained Collaboration on 49th Anniversary

Labour rejects FG’s fresh minimum wage proposal

Labour rejects FG’s fresh minimum wage proposal