Perturbed by thedwindling fortunes in the equities market, operators have called on the new Chief Executive Officer of the Central Securities Clearing System (CSCS) Limited, Mr. Kyari Abba Bukar, to work closely with the stakeholders in the Nigerian capital market to restore investors' confidence into the market.The Doyen of stockbrokers, Mr. Samuel Olayemi, said; 'the Exchange needs somebody to move the market forward at this challenging period of transformation of the securities market.'In his comment, the President of Association of Stockbrokers of Nigeria, Alhaji Rahseed Yussuff, said the new CEO should immediately rise up to the challenge of moving the market forward.It will be recalled that earlier, Bukar had said that he would bring his experience to bear in turning around the market, noting that his knowledge of the history of the market would make the change easier.According to him, 'I believe that any organisation that require change, certainly require fresh idea to bring the organisation back. You have heard of the new plans from the Chief Executive Officer of the NSE, Mr. Oscar Onyema and the CSCS is one of the stakeholders to transform the Exchange.'He added that as custodian of share certificates, he would ensure that buying shares on the Exchange either through public offer or secondary market was transparent.A statement signed by the Senior Manager, Corporate Affairs of the Exchange, Mr. Wole Tokede, on Friday, said Bukar emerged as most suitable candidate for the job after a thorough recruitment process involving leading human resources consulting firm and the entire Board of Directors of CSCS.Prior to joining CSCS, he was the MD/CEO of Valucard Nigeria Plc where he was instrumental in turning around the company from a nil-profit-making entity to what could aptly be termed a highly profitable entity before his exit.With proven proficiency in Information Technology systems, he spent 14 years working with Hewlett- Packard, one of the World's leading IT Companies, where he garnered valuable experience.He had worked with FSB International Bank Plc (now Fidelity Bank Plc) as Executive Director in charge of Electronic Banking, Information Technology and Operations.He holds a Bachelor of Science in Physics from the Ahmadu Bello University of Zaria and a Masters Degree in Nuclear Engineering from the Oregon State University in the United States of America.It should be recalled that his appointment followed the retirement of the Pioneer Managing Director/Chief Executive Officer of the company, Dr. Onyewuchi Asinobi, in March 2011.Meanwhile, CSCS has employed new Head of Finance and Head of Human Capital and Administration, Mr. Vincent Ukoh and Mrs. 'Bunmi Morenikeji respectively.
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