The Group Chairman of the Nigerian Exchange Group, Dr. Umaru Kwairanga, led a delegation to the family of late Christopher Ogunbanjo, which included billionaire businessmen Oba Otudeko and Aliko Dangote, former and current board members and management across the group, and past presidents of the Nigerian Stock Exchange.
According to The Punch, Ogunbanjo, whose business oversaw the establishment of the Nigerian Stock Exchange, passed away at the age of 99.
Dr. Kwairanga said in a statement that Chief Christopher Oladipo Ogunbanjo was more than a parent; he was also a patriarch, an elder statesman, a philanthropist, a legal eminence, and a corporate giant.
“At NGX Group, we remember him for his benevolent leadership on the NSE Council and his position as an investor who helped numerous businesses flourish by persuading them to list on the Exchange. He supported numerous corporate law initiatives that had a favourable effect on many businesses.
“It is reassuring to know that Chief Ogunbanjo’s legacy will endure and continue to inspire us for decades to come, even if his passing leaves a hole that will be felt by his family, professional colleagues, and the communities that benefited from his kindness.”
Ogunbanjo was a renowned business attorney in Nigeria. However, on Saturday, October 7, he passed away.
His family released a statement upon his departure in which they stated that “Papa was an unwavering beacon of reassurance, courage, and moral integrity for the entire family, truly embodying dedication and service to his country.”
Ogunbanjo promoted the creation of domestic accounts in Nigeria during his lifetime, and the Foreign Currency Decree 18 of 1985 later gave rise to these accounts.
Ogunbanjo became a key shareholder in several Nigerian businesses because of his familiarity with corporate law, these businesses include West African Batteries, Metal Box Toyo, Union Securities, 3M Nigeria, ABB Nigeria, Roche Nigeria, and Chemical and Allied Products Ltd.
