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Raymond Obieri, former President of the Nigerian Stock Exchange (NSE) Council, has revealed how the late Dr. Pascal Dozie prevented a major crisis in the stock market.
According to Obieri, vested interests sought to block Aliko Dangote’s bid to become NSE president, which could have plunged the Exchange into crisis.
However, Dr. Dozie insisted that Dangote be allowed to participate in the election, despite the challenges, ultimately safeguarding the Exchange from a potentially crippling crisis that would have hindered its growth and development.
Raymond Obieri made this disclosure on Tuesday during an afternoon of tributes and special closing gong ceremony in honour of Pascal Dozie who also was a former president of the NSE, in Lagos.
Aliko Dangote became the NSE’s President in 2009.
According to him, “I and Pascal shared great moments at the stock exchange, bringing revolution and reforms. He is calm in the face of challenges is next to non. He is always principle. He poccess the real quality of leadership. The ability to say much with few words.
Speaking on the challenging moment they shared at NSE, Obieri
said, “When Aliko Dangote was to be elected President of council. There was subtle move to stop that process.
He added that, but for Pascal Dozie forthrightness the election was held as scheduled and Aliko Dangote became the president of the NSE.
In his tribute, the Group Chairman NGX, Dr. Umaru Kwairanga described late Dozie as a titan of Nigeria’s financial landscape, a visionary institution builder, and a master strategist.
He said his profound contributions to the Nigerian capital market will continue to inspire generations to come.
The past group Chief Executive Officer of the NGX group, Mr. Oscar Ndubisi Oyeama, said Pascal Dozie true legacy lies not just in the institutions he built, or the reforms he championed but in the thousands of profesionnals and regulators who’s aspirations were raised by him.
Emmanuel Ikazoboh, Former Interim Administrator, NSE, who took time to explain how he was conscripted to take charge of the affairs of the Exchange, realed out how late Dr. Dozie assisted him in navigating the musky water of the exchange at that time.
He said whatever success he achieved at stabilizing was all due to the encouragement and advice from the late astute business icon and economy builders amongst others.
Speaking from a personal perspective, Mr. Uzoma Dozie offered an intimate tribute to his father: “Beyond his professional achievements, he was a man of quiet wisdom and grace. His presence commanded respect, and his influence shaped minds and institutions alike. His absence will be deeply felt.”
Mr. Temi Popoola, Group Chief Executive Officer of NGX Group, added: “Dr. Dozie was more than an industry titan, he was a mentor, a visionary, and a nation-builder. His contributions were not just pioneering but transformative. To his family, we say thank you for sharing him with the nation. May his soul rest in peace, and may we all carry forward the light he ignited.”
