The NSE Productivity Surplus Sharing Payments (05 -08)

The Nigerian Stock Exchange

Productivity/Surplus Sharing Paid to Council Members
Year 2005 to 2008

Demand Total % of
S/N Name Institution/Status '05 (N'm) '06 (N'm) '07 (N'm) '08 (N'm) '06 - '08 (N'm) Demand
1 Apostle (Dr.) Hayford I. Alile, OFR Past Director General 2 0%
2 Alh. Mohammadu Koguna Past President 2.5 12 55 67 5%
3 Dr. Raymond Obieri Past President 4.5 15 60 35 110 8%
4 Oba Otudeko, OFR Past President 2.5 28 115 95 238 17%
5 Alh. Aliko Dangote Past President 40 40 3%
6 Erastus Akingbola Vice President 50 30 80 6%
7 Reginald Abbey Hart Vice President 30 30 2%
8 Alh. Umaru Mutallab, CON Council Member 2 0 40 40 3%
9 Alh. Aliko Mohammed, OFR Council Member 2 0 0%
10 Chief (Dr.) Bayo Kuku, CON Past President 2 0 0%
11 Mr. Pascal G. Dozie, OON Council Member 2 0 0%
12 Mr. Goodie M. Ibru, OON Past President 2 0 0%
13 Alh. Abdul Rasaq, (SAN), OFR Past President 2 0 0%
14 Chief (Dr.) Ebitimi Banigo, OFR Council Member 2 0 0%
15 Alh. Aliyu Alkali NNDC 2 10 40 50 4%
16 Mr. Oseni Elama NSITF 2 0 0%
17 Rev. Olu Odejimi Clearview Investment Co. Ltd 2 0 0%
18 Mr. Uche Ogbu Eurocomm Sec. Ltd 2 0 0%
19 Mr. Albert Okumagba BGL Sec. Ltd 2 7 7 1%
20 Mr. J. Faromoju Forthright Sec & Inv Ltd 2 7 7 1%
21 Mr. Emeka Madubuike ISS/Compass 2 7 7 1%
22 Mr. Kaduma AAA Stockbrokers Ltd 2
23 Alh. Ariyo Olusekun Capital Assets Ltd 2 10 40 5 55 4%
24 Mr. Chidi Ajaegbu Mutual Alliance Inv & Sec. 2 10 40 5 55 4%
25 Ms. Hauwa Audu Amyn Investment Ltd 2 10 40 5 55 4%
26 Mr. Godwin Obaseki Afrinvest W.A. Ltd 4 40 20 64 5%
27 Babatunde E. Sobamowo Global Assets Ltd 4 40 20 64 5%
28 Alh. Abubakar Lawal GTI Capital Ltd 4 40 20 64 5%
29 Nduka Nwonye LB Securities Ltd 4 40 20 64 5%
30 Admiral Alison Madueke Council Member 25 25 2%
31 Dr. Chukwujama Unex Capital Ltd 15 15 1%
32 Eniola Anako Phronesis Sec. Ltd 15 15 1%
33 Emmanuel Ocholi Lighthouse Asset Mgt. Ltd 15 15 1%
34 Prof. Ndi Okereke-Onyuike, OON Past Director General/CEO 4 21.8 75 50 146.8 11%
35 Mrs. Josephine Igbinosun Secretary to the Council 0 1 10 10 21 2%
36 Alh. Lance Elakama Asst. Director General 0 6 25 25 56 4%
Source: Nigerian Stock Exchange Review of Accounts (September 2010)
51.5 160.8 750 480 1,390.8
LEGENDS:
No Payment was made this year because member was not on council
Payment Total for the 3 years under review by SEC/Forensic Auditor
Amounts paid in 2005 only
Figure stated here is under our review for completeness

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