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FG apologises for Tinubu’s NASDAQ closing bell error

The Editor by The Editor
September 22 2023
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FG apologises for Tinubu’s NASDAQ closing bell error

The Federal Government apologised on Friday for saying that President Bola Ahmed Tinubu is the first African President to ring the National Association of Securities Dealers Automatic Quotation System (NASDAQ) closing bell.

Tinubu’s spokesperson, Ajuri Ngelale, tendered an official apology on behalf of the presidency in a statement where he said the error was regretted.

President Tinubu rang the closing bell of NASDAQ on Wednesday alongside business leaders, including the Chairman of BUA Group, Abdul Samad Rabiu.

“We inadvertently referred to President Bola Tinubu as the first African leader to ring the bell at NASDAQ on Wednesday in New York, based on the information provided by a third-party event organiser,” Ngelale said.

“We have since found out that this information was/is incorrect, as a former African leader has indeed had the privilege. This error is sincerely regretted.”

It has been revealed that a former African leader had previously rung the bell at NASDAQ, debunking the earlier claim of Tinubu’s bell-ringing, which was perceived to be a historic achievement.

They argued that in 2014, President Goodluck Jonathan rang the closing bell at the New York Stock Exchange, while Femi Otedola’s daughter, DJ Cuppy, rang the NYSE bell in 2019.

Contrary to the claim, the former President of Tanzania, Kikwete, First Ladies and Health Ministers rang the closing bell of NASDAQ in 2011, as announced by NASDAQ in a notification to the public dated 2011 with the title, “President Kikwete of Tanzania, First Ladies and Health Ministers, and Global Health Leaders to Ring The NASDAQ Stock Market Closing Bell.’

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