MARKET BULLETIN


13 NOVEMBER 2025							NGXREG/MRD/MB19/25/11/13  


ECL Asset Management Limited ? Appointment of Directors

The above named Trading License Holder has notified NGX Regulation Limited of the appointment of new directors and is seeking approval as follows:

Appointment:	

1.	Mr. Charles Fakrogha 		?	Managing Director/Chief Executive Officer
2.	Mrs. Busola Adegboyega		?	Non-Executive Director
3.	Mr. Adeolu Akinyemi		?	Non-Executive Director
4.	Mr. Ariyo Oyeduntan		?	Non-Executive Director
	

Profile:

Charles Fakrogha holds a Bachelor of Science degree in Chemistry from Rivers State University, Port Harcourt, Rivers State, and a Master of Business Administration (Financial Management) from Lagos State University, Lagos.

Prior to his current appointment, he held several key positions, including Managing Director at Maxfund Africa Limited, Chief Operating Officer at City-code Trust and Investment Limited, Chief Operating Officer at Foresight Securities and Investment Limited, and Dealing Clerk at TFS Securities and Investment Company Limited.

Busola Adegboyega holds a Bachelor of Science degree in Management and Accounting from Obafemi Awolowo University, Ile-Ife, Osun State.

Prior to her current appointment, she served as Chief Operating Officer at Andre Hann & Associates and as Banking Officer at Heritage Bank Limited.

Adeolu Akinyemi holds a Bachelor of Science degree in Electronic and Electrical Engineering from Obafemi Awolowo University, Ile-Ife, Osun State, a mini-Master of Business Administration (Venture in Management Programme) from Lagos Business School, and an Executive Master of Business Administration (Business Administration and Management) from the Quantic School of Business and Technology, Washington, United States of America.

He is the Managing Director/Chief Executive Officer of A2W Limited, and Co-Founder of Spinel Technologies and Bitmob Technologies. He has also served as Managing Partner at Coac