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NASD repositions for greater participation on platform


network-marketingNASD Over-The Counter (OTC), a trading platform for unquoted stocks has repositioned its activities to attract more investors’ participation in the market.

The Chief Executive Officer of NASD OTC, Bola Ajomole while speaking at the NASD OTC Analyst Call Session at the weekend, said the company has adopted strategic measures to ensure that information about the companies trading activities on the platform is made available to investors.

According to him, “one of the best ways to improve participation and deepen our market is to let investors know about the company’s they want to invest in and enhance shareholders value.”

Ajomole explained that the Analyst Call Session would be a monthly programme where management of a company would provide information about the company, which include their financial.

The Chief Executive Officer of TrustBond Mortgage Bank Plc, Adeniyi Akinlusi explained that TrustBond Mortgage Bank Plc began its success story as Intercontinental Homes Savings and Loans Plc which emerged during the recapitalisation of banks in 2005 with the acquisition of Gateway Bank by Intercontinental Bank Plc.

“The divestment from Access Bank’s shares in 2013 saw the appointment of high calibre professionals from various walks of life into the board of the bank with total commitment to the highest level of corporate governance and international best practices.

“With a present paid up capital of over N5billion, we obtained, in 2014, a national license that allows us to operate in all the states of the country. TrustBond Mortgage Bank is an organization, which continually challenges itself with a customer-centric standard of quality service delivery.”

He assured that the company was poised to reduce 21 million housing deficit in the country and to be the preferred financial service provider, offering innovative mortgage and real estate finance solutions.

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