PEARL Awards appoints Malami, Umar to board

Ambassador Shehu Malami has been appointed Patron of PEARL Awards Nigeria, just as Dr. Faruk Umar, President, and Association for Advancement of Right of Nigerian Shareholders emerged the new Chairman of the Awards Board of Governors.

The investiture ceremony was held in Lagos recently.

PEARL Awards Nigeria, reputed for rewarding companies quoted on the Nigerian Stock Exchange for operational excellence and outstanding performance.

The newly inaugurated Board, comprises top flight professionals, corporate and capital market experts including Dr. Suleyman Ndanusa, Past D-G & Past Chairman, Securities & Exchange Commission; and Mazi Sam Ohuabunwa, Past Chairman, Nigerian Economic Summit Group.
also included are Chief (Mrs) Nike Akande, Immediate Past President, LCCI; Olufemi Awoyemi, Founder/CEO, Proshare Nigeria Limited; Prince Abimbola

Olashore, Founder/CEO, Lead Advisory Group, and Mrs. Oluwatoyin Sanni, CEO, Emerging Africa Capital Group.

Other members of the Board are Mr. Wole Adetunji, Past D-G, Securities & Exchange Commission; Dr. Biodun Adedipe, Chief Consultant, Biodun Adedipe & Associates; Chief (Mrs.) Eniola Fadayomi, Past President, Institute of Directors; Mrs Lola Oyebadejo, Past President, Institute of Capital Market Registrars; Mr. Tayo Orekoya, President/CEO, PEARL Awards Nigeria and Mr. Lekan Adekoya, Board Secretary.

According to the President/CEO, PEARL Awards Nigeria, Mr. Tayo Orekoya, the reconstitution of the Board was necessary to inject freshness and newness of ideas into the Awards Project in line with global best practices.

He explained: “As an institution desirous of continually reinventing itself, there is the need to reposition the Awards for enhanced performance over and above the level of successes achieved over the years.

“The need to be dynamic in the face of reality of technological, political and economic changes in our country and globally underpins the rationale behind this initiative.”

The PEARL Awards prides itself an Awards based on verifiable facts and figures, whose criteria are measurable and verifiable, using clear-cut indices such as Turnover Growth, Returns on Equity, Share Price Appreciations, Stock Activity, Net Assets Ratio, Dividend Yield, Earnings Yield, Dividend Growth and Profit Margin Ratio to reward corporate excellence.

The Awards Project annually publishes its methodology and statistics with graphical illustrations in its journal, the Nigerian Stock Market Annual, a compendium of contemporary capital market and economic issues.

The PEARL Awards instituted in 1995 is billed to hold this year’s Awards Nite at Eko Hotel and Suites on Sunday November 25, 2018.