Ogunbanjo steps down as NGX Group board chairman

In a surprising turn of events at the annual general meeting of the NGX Group, Abimbola Ogunbanjo, the board chairman, announced his resignation, bringing an end to his tenure that was due for re-election for another year. The meeting, which had been marred by issues between shareholders and the NGX Group, saw Ogunbanjo take the stage to tender his resignation. He cited the best interest of the organization as the reason for his decision, stating that he believed stepping down was the right move. Ogunbanjo's resignation was met with a mix of shock and understanding from the attendees of the meeting, signaling a new chapter for the Nigerian Action Group PLC. The announcement of Ogunbanjo's resignation comes on the heels of a tumultuous period for the NGX Group, with some shareholders seeking a court injunction to halt the AGM due to unresolved issues. Despite the challenges faced by the organization, Ogunbanjo's departure marks a pivotal moment for the board and brings about a need for new leadership to steer the company forward. As the news of Ogunbanjo's resignation reverberates through the business community, stakeholders are left speculating on the future direction of the NGX Group and who will step up to fill the void left by the former chairman. With a reputation for strong leadership and strategic vision, Ogunbanjo leaves behind big shoes to fill, setting the stage for a new era in the company's governance. The departure of Ogunbanjo signals a turning point for the NGX Group, paving the way for a fresh perspective and renewed leadership in the organization. As the board begins the search for a new chairman, all eyes are on the company's next move and the direction it will take under new guidance. Ogunbanjo's resignation marks a significant moment in the history of the NGX Group, one that will shape the future trajectory of the organization and its operations.