Lagos, Sept. 15, 2023 – Nigerian Exchange Group and its subsidiaries on Thursday said it deeply mourned the loss of one of its founding fathers, Pa Akintola Williams, who died on Monday at the age of 104.
The group said Williams was instrumental to establishing the Nigerian Stock Exchange (NSE), now Nigerian Exchange Group, following its demutualisation in 2021.
They said as a member of the National Council of the Exchange, his contributions significantly fostered the expansion of the Exchange’s listing portfolio and he played a pivotal role in instituting regulations that lowered the hurdles for companies seeking to be listed on the Exchange.
Oscar Onyema, the Group Chief Executive, said: “this is a profound loss for the Nigerian capital market and the nation as a whole.
“Nigeria bids farewell to one of its most distinguished professionals and forward-thinking corporate leaders.
“His memory is forever etched in the history of Nigerian capital market as one of the greats. Pa Akintola Williams’ contributions to the capital market and organized private sector will remain enduring references, and we deeply appreciate his contributions.
“He was all about a strong ethical culture and upholding top-notch professionalism. The recent collaboration between NGX Regulations, a subsidiary of the NGX Group, and Institute of Chartered Accountants of Nigeria (ICAN) is a testament to the solid groundwork Pa Akintola laid in the accounting industry.
“His visionary leadership, standard of excellence and legacy will be cherished and upheld by all of us who had the privilege of witnessing his remarkable achievements.”
Akintola was the last surviving signatory to the original Memorandum and Articles of Association of the Nigerian Stock Exchange at the founding of the NSE on September 15, 1960. (GBN)
