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<p><span>Nigerian Exchange Limited (NGX) has said it intends to partner with the incoming administration to develop the right policies that will promote and attract listings in the capital market. This was even as it revealed that despite a total of N360 trillion moved within the Nigerian economy in 2022, only N1 trillion made its way into the capital market.</span></p>
At the heart of the crisis that has engulfed the Lagos Motor Boat Club are the suspension of Jide Coker who was vying to be a trustee of the club; the unilateral deletion of his name by one of the oldest members, Trustee Francis Awogboro; the suspension of Senator Tokunbo Ogunbanjo and the contentious roles of frontline members like Yinka Akinkugbe, Ladi Ajose-Adeogun, Demola Akinrele, Eyimofe Atake, and a host of others. In this article, LANRE ALFRED examines the grievances, involvement, or otherwise of each figure, and the way forward.
CONTINUED FROM LAST WEEK
More facts have emerged on the actual causes of the crisis engulfing the elitist Lagos Motor Boat Club, at the heart of which is the suspension of Jide Coker, a committee member, from contesting in the last election to be a Trustee. Members of the board of trustees who are called trustees are viewed as the club’s patriarchs and its symbols of order, discipline, and authority.
âWhen brothers fight to the death, a stranger inherits their estate.â
These immortal words of the globally celebrated author, late Chinua Achebe, should be printed in bold letters and placed as a signpost at the Lagos Boat Club entrance. Why? No time is more auspicious than now to sensitise some club members about the imminent danger their activities portend for the esteemed club.
It is because things are no longer at ease at the Lagos Motor Boat Club, Ikoyi, where high profile members have been polarised and are currently throwing pot-shots at one another over issues that arose from its last elections.