NASD Elects Olayimikah Bolo As Chairman

NASD Plc has elected Olayimikah Bolo as its new  board chairman.

Bolo succeeds Kayode Falowo, who will retire at the Annual General Meeting on August 26, 2025.

The development follows recent directives from the Securities and Exchange Commission (SEC) to enhance corporate governance practices among public companies and capital market operators. Bolo, a seasoned capital market practitioner with over 28 years of experience, brings a wealth of knowledge to the role.

The Exchange said that “at the Board of NASD Plc meeting, which took place on July 29, 2025, the Directors unanimously elected Olayimikah Bolo as the chairman of the Board of NASD Plc.

“Bolo, a seasoned capital market practitioner, succeeds Kayode Falowo, who will be retiring at the Annual General Meeting of NASD Plc on August 26 2025, after which her appointment takes effect.

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A statement from the NASD’s management said, “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.

The Exchange said, “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.

“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 held various positions at Kakawa Discount House Limited (now FBNQuest Merchant Bank) as the head of risk and manager of corporate finance and acting head, Credit, and at Access Bank as the head of Trading Corporates.”

It noted that, “Bolo holds a Bachelor of Science (BSc.) degree in Chemical Engineering from the University of Lagos, Nigeria and an Executive Master’s in Business Administration from the Lagos Business School (now Pan-African University), Nigeria. She is a non-executive director on the Board of NASD OTC Securities Exchange.”