Our Reporter February 11, 2024

Chief Abimbola Ogunbanjo was a leading corporate lawyer and boardroom guru. Former Group Chairman of Nigerian Exchange Group (NGX Group) Plc, Ogunbanjo led the transformation of the Nigerian Stock Exchange (NSE) from a non-profit, member-based organisation into a public limited liability company, with its shares publicly quoted for all investors to participate in the ownership of the country’s oldest securities exchange.

The conversion of the then NSE, otherwise known as demutualisation, birthed the NGX Group as a non-operating holding group and the separation of the trading and regulatory arms of the Exchange.

A versatile corporate lawyer, Ogunbanjo led the emergent NGX Group in its formative years between 2021 and 2022. He had served as the President of the National Council of the NSE from 2017 to 2021.The late Ogunbanjo was credited with several landmark initiatives at the Exchange, including the launch of West Africa’s first Exchange Traded Derivatives market.

He was born to the family of Chief Chris Ogunbanjo, a foremost corporate lawyer, industrialist and philanthropist, who passed away late last year. Until his death, Abimbola Ogunbanjo was Managing Partner of the renowned corporate law firm of Chris Ogunbanjo LP (Solicitors), his family’s iconic law firm.