My egbon Femi Awoyemi of Proshare is one of the most respectable people in the capital market
I have huge respect for him and always bow down to greet him
So when he called this morning on the back of my initial write-up, I took his call.
He was for dialogue, he was for compromise and negotiation and he leveraged his heavy goodwill on me
Edgar, that your write-up will scuttle everything, it will harden positions can you please stop
Femi has put me in a very tough position, to choose between my huge respect for him and the madness herein
Just as he is dropping the phone, the news of a new acting Chairman hits the airwaves.
My sources have come out with the following –
The new chairman was elected when 3 of the five Directors who will remain after the old guys resign, staged a walkout
They continued –
She is a Chairman that has emerged on the basis of a deeply flawed process
And asked me this question?
How can there be two chairmen?
And continued…
They insisted on determining the Chairman before they leave so that the Board is headed by their illegitimate and absurd election process that 3 Directors protested and walked out on
If this is all correct Mr Awoyemi, how then do we protect the instituion.
This is all so tiring and exhausting.
Why do we always find it so difficult to do the right things and follow due process?
Which one is appointing an ’employee’ as Chairman when the substantive Chairman is allegedly still in office?
All these are happening in a market, where the main currency of Trade is trust and confidence
Where lies the trust if this level of arbitrariness is the order of the day
Let me shut one eye and watch as things continue to evolve.
Truth and justice will certainly prevail in no time.
Na here we dey
Nobody should come and beat me o
Duke of Shomolu