Africa’s richest man, Alhaji Aliko Dangote is set to resume as the President of the Nigerian Stock Exchange on Tuesday, January 19th following a ruling by the Lagos State Court of Appeal last Friday. The ruling upheld Dangote’s three appeals against cases that led to the nullification of his Presidency.
Reacting to his reinstatement, Alhaji Aliko Dangote told Thisday Newspapers that he was very happy with the outcome and that his person had been vindicated.
“You know the Securities and Exchange Commission (SEC) had been running the NSE like it was an agency of government. But the stock exchange is a private exchange limited by guaranty. So, I will be meeting the SEC appointees on the council of the stock exchange on Tuesday and taking over that day,” he said.
One of Dangote’s lawyers, Mrs. Folashade Sowemimo added:
“In 2010 when his election was nullified by the Federal High Court, we had said he would appeal and that Alhaji Aliko Dangote believes in the judicial system and he would eventually be vindicated.
“You can see that at the end of the day, we have been vindicated. I am happy with the judgement of the Court of Appeal. What has happened has simply reaffirmed my belief in the country’s judicial process,” she said.