Tinubu appoints Lagos mobile court coordinator to commodity exchange board

President Bola Tinubu has made a strategic appointment, naming Mrs. Arinola Ogbara-Banjoko as a Non-Executive Director to the board of the Nigeria Commodity Exchange. This move, disclosed by Special Adviser to the President on Information and Strategy, Bayo Onanuga, signifies the administration's commitment to bolstering the country's commodity trading sector.

Ogbara-Banjoko, who will represent Lagos State on the board, replaces Mrs. Bamidele Hussein. Her appointment is expected to bring valuable experience and professionalism to the exchange. The President's office has expressed expectations that she will play a key role in strengthening the exchange's operations, supporting the Federal Government's drive to deepen commodity trading, expand market access for farmers and investors, and ultimately stimulate economic growth.

This appointment fills the Lagos State slot on a board recently constituted by President Tinubu in April, which includes Dalhatu Abubakar as chairman. The Nigeria Commodity Exchange, formerly known as the Abuja Securities and Commodity Exchange, is a pivotal platform for trading agricultural and other commodities. Ogbara-Banjoko's prior role as Coordinator of the Lagos State Special Offences (Mobile) Court, where she managed the prosecution of traffic offenders and the auctioning of forfeited vehicles, suggests a background in regulatory and enforcement operations that could be beneficial to the exchange.

The inclusion of Ogbara-Banjoko underscores the administration's focus on leveraging expertise to drive key sectors of the economy. Her role will be crucial in advancing the government's agenda for agricultural development and enhancing the overall efficiency and effectiveness of the commodity market.

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The President expects the new appointee to bring her wealth of experience and professionalism to bear in strengthening the exchange’s operations and supporting the Federal Government’s drive to deepen commodity trading, expand market access for farmers and investors, and stimulate economic growth.