The NGX today is a street lined with muppets. Lilly livered gringos who would rather come at night and bite Oscars backside rather than face him and tell him to his face the truth that he is superintending the death of a wonderful institution.
Growing up, we were fed by NTA with Sesame Street. It was an exciting programme with wonderful characters who caught our interest.
They were muppets who were controlled with strings by others. This is exactly the bourse that operates as NGX. A market where critical stakeholders are being controlled with strings all moving towards Oscar who by himself would be controlled by a higher power.
What this means is that we lose the independence the market requires to flourish. As we begin to face the possibilities of global economic challenge, we are faced with a muppet master who is shallow and dim witted and very incompetent.
I had made a strategic mistake of announcing that I was going to call for Oscars resignation and this led to a floodgate of calls from all over.
Pressure mounted and as the saying goes ‘corruption fought back’. I got calls from mentors, heroes of democracy and even my village head called.
People close to me got calls and professional colleagues got calls and the pressure was crazy.
Eventually the article didn’t was not published, but hear lies the problem: Are the figures better today?
Is the market reformed? Are the issues raised being addressed?
Sadly the answer is NO. Its all ‘Edgar, wetin oscar do you?. He thief your wife?
Oscar no do me anything o. If I dey fear to fight Government na Oscar i go come fear again.
Make we start with this small one to bring credible change to our country. If we can sanitize the markets then we just may be able to sensitize Customs and then we enter NTA and then we enter Senate before we face the green eyed giant which is the Federal Government.
So lets concentrate on the NGX. The NGX must rid itself of muppets. It must attract professionals who will be guided by fair principles of justice and fairness.
We must rid the exchange of the muppet master who rather than push defensive cost saving initiatives but championing a complex vacuous structure simply because – ‘the banks are doing it’
Call me anything you like, this one I will not agree. The NGX is a barometer of the economy and its sickness is worsening the entire wellbeing of the economy.
We should ask why Flutterwave and other firms raising billions outside of the NGX?
Have we asked why FMDQ is taking the NGX out? The answer remains simple, they are not a muppets controlled organzation.
It’s that simple and for those of you who keep calling me at night and providing information for me to fight. I say desist!
This is not a personal fight. This is a frontal engagement to save our economy by rescuing one of the most important institutions from the hands of muppets.
So, don’t use me to fight your personal battles. Come out and let’s all join hands in ensuring transparency and in restoring integrity to our market.
Thank you
Duke of Shomolu
