Dangote reinstalled as stock exchange president

Nigerian business mogul Aliko Dangote has been reinstalled
as president of the Nigerian Stock Exchange (NSE) after the Court of
Appeal in Lagos upheld his appeals against the cases which had led to
the nullification of his appointment in 2010. Dangote, elected
unanimously in 2009, was stripped of his position in 2010 by the Federal
High Court in Lagos following accusations he manipulated oil shares.
Last Friday, Justice Helen Ogunwumiju set aside the 2010 ruling
delivered by Justice Lambo Akanbi, paving the way for Dangote, Africa’s
richest man, to retake his position.

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