Late Mr. Akintola Williams Remembered for Enduring Legacies in Nigerian Capital Market

The Nigerian Exchange Group (NGX Group) has said the late Mr. Akintola Williams would be remembered for his several enduring legacies at the Nigerian capital market.

Williams, the last surviving signatory to the original Memorandum and Articles of Association of the defunct Nigerian Stock Exchange (NSE) at the founding of the NSE on September 15, 1960, died last week, aged 104 years.

The NGX Group, the holding company for the defunct NSE and its former subsidiaries, stated that Williams, known as Doyen of Accounting in Nigeria, dedicated his life to fostering a viable capital market. NSE became NGX Group in 2021 after its demutualisation, conversion to a share-based, profit-making company.

The NGX noted that as a member of the National Council of the Exchange, the late Williams’ contributions significantly fostered the expansion of the Exchange’s listing portfolio as he played a pivotal role in instituting regulations that lowered the hurdles for companies seeking to be listed on the Exchange.

Group Chief Executive Officer, Nigerian Exchange Group (NGX Group), Mr. Oscar Onyema described the death of Williams as a profound loss for the Nigerian capital market and the nation as a whole.

“Nigeria bids farewell to one of its most distinguished professionals and forward-thinking corporate leaders. His memory is forever etched in the history of Nigerian capital market as one of the greats. Pa Akintola Williams’ contributions to the capital market and organized private sector will remain enduring references, and we deeply appreciate his contributions.”