NG Clearing announces new CEO pending SEC approval


SEC used N8bn of N9bn revenue to service staff — SENATENG Clearing, West Africa’s Premier Central Counterparty, has announced the appointment of Mr. Farooq Adedayo Oreagba as its new Managing Director and Chief Executive Officer, subject to approval from the Securities and Exchange Commission (SEC).

According to a statement from the clearing house, Oreagba brings a wealth of experience, having served in various executive leadership roles throughout his career.

Mr. Oscar Onyema, Chairman, Board of Directors, NG Clearing Limited, stated: “After a transparent, competitive and comprehensive search process, the Board is pleased to have found the best individual to assume leadership of this world-class organization.

Gunmen yet-to-be identified have abducted Benue State Commissioner for Information, Culture and Tourism, Matthew Abo

gathered that the incident occurred on Sunday night at about 10pm when the armed men invaded the Commissioner’s residence in Zaki-Biam, headquarters of Ukum Local Government Area of the state.

According to an eye-witness, the gunmen who invaded the area on four motorcycles, forcefully entered the commissioner’s house shooting sporadically.

The assailants ordered everyone in the house, including the Commissioner‘s wife and children to lie face down, after which they whisked him away to an unknown destination.

The Chief Press Secretary to Governor Hyacinth Alia, Sir Tersoo Kula confirmed the unfortunate incident

When contacted by our correspondent, the CPS simply said, “Unfortunately, that is the news. Commissioner for Information, culture & Tourism, Mr. Matthew Abo from Ukum LGA was kidnapped.”

Abo was one of the 17 Commissioners sworn-in as a member of the Benue State Executive Council on August 29, 2023.

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