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About Us

Overview

Tiddo Securities Limited was incorporated as a limited liability company on 15th October, 1990, and commenced business operations in January, 1991. The company is a dealing member firm of the Nigerian Stock Exchange and is registered with the Securities and Exchange Commission (SEC) as Broker/Dealer and Issuing House/Financial Adviser. It is also licensed to operate as Broker/Dealer on the NASD OTC Market.

Tiddo Securities Limited currently has an authorised share capital of N1,200,000,000 (One Billion, Two Hundred Million Naira) made up of 2.4 Billion ordinary shares of 50k each and paid-up share capital of N1,018,160,000 (One Billion, Eighteen Million, One Hundred and Sixty Thousand Naira) made up of 2,036,320,000 (Two Billion, Thirty Six Million, Three Hundred and Twenty Thousand) ordinary shares of 50k each.

The company's shareholding structure is as follows:

30%

Corporate holdings
70%

Individual Nigerians

Vision

To be positioned always among the top ten leading Stockbroking/Investment Houses in Nigeria and to eventually become a leading (world class) Investment Services Group in the country by the year 2030.


Mission

To serve as a one stop investment services destination by offering superior wealth Management services through the deployment of modern technology, adoption of international best practices and at the same time optimising value/returns to the company’s shareholders and other stakeholders.


Core Values

Integrity - Confidentiality - Customer Service - Respect for all Stakeholders - Innovation - Professionalism


Philosophy

"Citizens of the Universe" - Anonymous

Our Experience in Primary Issues

S/No

COMPANY

ROLE

YEAR

1

Jaiz International Plc (Private Placement)

Lead Stockbroker to the Placement

2003

2

First City Monument Bank (Private Placement) 

Joint Stockbroker to the Placement

2004

3

Intercontinental Bank Plc (Initial Public offering)

Joint Stockbroker to the Offer

2004

4

First Atlantic Bank Plc (Public Offer)

Joint Stockbroker to the Offer

2005

5

Inland Bank Plc (Public Offer)

Joint Stockbroker to the Offer

2005

6

First City Monument Bank Plc (Public Offer)

Joint Stockbroker to the Offer

2005

7

Intercity Bank Plc (Public Offer)

Joint Stockbroker to the Offer

2005

8

Fidelity Bank Plc (Public Offer)

Joint Stockbroker to the Offer

2005

9

Tropical Commercial Bank Plc (Private Placement)

Joint Stockbroker and Registrar to the Placement 

2005

10

IBTC Ethical Fund

Joint Stockbroker

2005

11

Union Bank Plc (Rights Issue & Offer for Subscription)

Joint Stockbroker

2005

12

Jaiz International Plc

Joint Stockbroker to the Offer

2006

13

Niger Insurance Plc (Rights Issue)

Joint Issuing House

2006

14

WAPIC Insurance Plc (Public Offer)

Joint Stockbroker to the Offer

2006

15

Globe Reinsurance Plc (Private Placement)

Joint Issuing House & Registrar to the Placement

2006

16

Standard Alliance Insurance Plc

Financial Adviser & Lead Stockbroker to the Offer

2006

17

Eternal Oil & Gas Plc (Rights Issue)

Joint Stockbroker to the Offer

2007

18

Aso Savings & Loans Plc (Private Placement)

Registrar to the Offer

2007

19

Afribank Nigeria Plc (Public offer)

Joint Issuing House / Underwriter 

2007

20

Fidelity Bank Plc (Offer for subscription & Rights Issue)

Joint Stockbroker to the Offer

2007

21

First Inland Bank Plc

Joint Stockbroker

2007

22

Zenith Bank Plc (Public Offer)

Joint Stockbroker to the Offer

2007

23

Dangote Flour Mills Plc (Public Offer)

Joint Stockbroker to the Offer

2007

24

African Petroleum Plc

Joint Stockbroker

2008

25

Tiddo Investment Management Limited (Private Placement)

Joint Issuing House & Registrar to the Placement

2008

26

Allied Energy Resources

Joint Stockbroker to the Offer

2009

27

Eterna Oil & Gas Plc

Joint Stockbroker to the Offer

2009

28

Honeywell Flour Mills Plc

Joint Stockbroker

2008/2009

29

Amana Capital Pension

Issuing House/Financial Adviser

2008/2009

30

Acquisition of Lombard Insurance Ltd. By NEM Insurance Plc

Financial Adviser to NEM Insurance

2008/2010

31

NAHCO Bond Issue (series 1of N5 Billion Debt Issuance Programme)

Joint Stockbroker

2011

32

Niger Insurance Plc (Rights Issue)

Lead Issuing House/Financial Adviser

2012

33

NAHCO Bond Issue (series 2 of N5 Billion Debt Issuance Programme)

Joint Stockbroker

2013

34

Bauchi State Bond (Series 1 N15Billion Fixed Rate Bond)

Joint Issuing House/ Joint Stockbroker

2014

Board of Directors

Alhaji M. B. Tukur

Chairman

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Alhaji M. B. Tukur is an international businessman, administrator and property developer. He is also the chairman of other companies including MicroAccess (a top ranking hardware, internet and other IT solutions provider), Marble Court Limited and Kautal Hairu Company Limited.

moreHe also served on the Board of Lagoon Homes Savings and Loans Limited. Alhaji M. B. Tukur holds a BSc degree in Business Management (Banking and Finance).

Yusufu Aliyu Modibbo

Vice Chairman

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Y. A. Modibbo holds a B.Sc Degree in Agriculture (1982), Masters Degree in Banking and Finance (1988) and Business Management (1997).

moreHe is also a Fellow of the Chartered Institute of Stockbrokers (FCS). He had over 16 years of Banking experience and rose to the position of Assistant General Manager at Stanbic Bank Nigeria Limited before leaving the banking industry.
Mr Modibbo joined Tiddo Securities Limited in 2001 as Managing Director. He was a Director of the Central Securities Clearing System Limited (a subsidiary of the Nigerian Stock Exchange) from 2001 to 2007 and was a Council Member of the Chartered Institute of Stockbrokers (CIS) for three years (2005 – 2007). He is a member of the Council of Abuja Securities & Commodity Exchange Plc. He also served on the Boards of Amana Capital Pension Limited, Capital Microfinance Bank Limited and Beta Courier Services Limited. He was also a Zonal Council of the Nigerian Stock Exchange (Yola/Kano/Kaduna zone) and member of the Investments and Securities Tribunal (IST).
He later rejoined Stanbic IBTC Bank Plc and served variously as Head, Public Sector and Non-Interest Banking from April, 2012 to September, 2016. He was recently appointed the Vice Chairman of Tiddo Securities Limited.

Mr. Samaila Aleyideino

Director

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Mr. Samaila Aleyideino joined the Board after the death of his father, Chief Edward Aleyideino (Retired Senior Civil Servant). He holds a B.Sc. Degree in Mathematics/

more Management from Kings College University, London (1990) and MSc, Object Oriented Software Programming from City University, London (2002). Mr. Aleyideino is a businessman.

Alhaji Abdulhameed Usman

Director

+234


Alhaji AbdulHameed Usman holds a B.Sc. (Honours) Degree in Accountancy and Master of Business Administration (MBA).

moreHe is an Associate member of the Nigerian Institute of Management, and member, Certified Institute of Cost Management. Alhaji Usman is also a Director of many other companies including Hu-Master Nigeria Limited, Cleaning and Waste Management Limited and Hairu Investment Nigeria Limited. He is currently the President/CEO of Abu-Auwal Nigeria Limited.

Mr Kunle L. Jinadu

Director

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Mr Kunle L. Jinadu holds a B.Sc degree in Accounting. He is also a Fellow of the Institute of Chartered Accountants of

more Nigeria (FCA) and Associate member of the Chartered Institute of Stockbrokers (ACS). He has varied experience in Corporate Finance related transactions, namely Mergers & Acquisitions, Leasing, Privatization and Custodial Banking Services as well as Asset Management. He was a General Manager in charge of Corporate Finance at Stanbic Bank Nigeria Limited up to May, 2003. He also worked on attachments in a number of countries including India, South Africa and Ghana. Mr Jinadu is currently the Managing Director of First Pension Custodian Limited.

Yakubu Tsala

Director

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Yakubu Tsala joined the Board of Tiddo Securities Limited in 2012. He holds a BSC (Honours) Degree in Agriculture and MSc in Agronomy from Ahmadu Bello

more University, Zaria. Mr. Tsala started his working career with Upper Benue River Basin Development Authority from 1980 to 1986 as Officer and later Project Manager. Between 1986 and 2000, he was the General Manager of Gese-Dardirabe (Nigeria) Limited, Yola and from 2000 to 2006, he was the Executive Secretary, National Sugar Development Council, Abuja. He is a member of several professional bodies/organizations including membership of Agricultural Society of Nigeria, Soil Science Society of Nigeria and Fellow, Institute of Corporate Administration of Nigeria. He was a Recipient, African International News Magazine Achievers Merit Award in 2002 and was listed in Who is Who in Nigeria in 2003. Mr Tsala was elected a delegate to the National Constitutional Conference, Abuja (1994- 1995). He was also the Gongola State Secretary of the defunct PFN (1988). He holds the traditional title of Shetima Mubi and is also a Director in Swift Network (Nigeria) Limited. He is currently a business man and politician.

Mr. Isaac A. Iortsor

Managing Director

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Mr. Isaac A. Iortsor holds a Bachelor of Science Degree in Economics from Ahmadu Bello University Zaria. He is also a Fellow of the Chartered Institute of

more Stockbrokers.He has over 29 years of varied work experience acquired from both public and private sector institutions. Prior to joining Tiddo Securities Limited, Mr. Iortsor worked in various organizations including First Bank of Nigeria Plc (NYSC) and the Benue State Civil Service where he rose to the position of Chief Industrial Officer in the Ministry of Commerce, Industry and Co-operatives. He was at Benue Investment & Property Company Limited from 1993 to 1997. He later worked in other financial sector organizations including Fafinc Finance & Securities Limited (Head, Capital Market Operations), Profund Securities Ltd (Head, Stockbroking & Portfolio Management) and BIC Securities Limited. He joined Tiddo Securities Limited in March, 2004 as Group Head, Southern Operations and was appointed General Manager/Chief Operating Officer of the company in 2008, Executive Director/COO in December, 2011 and Managing Director in March, 2012. Mr. Iortsor is currently a Zonal Council Member of the Nigerian Stock Exchange (Kaduna/Kano/Yola/Abuja Zone).

Management Staff

Isaac A. Iortsor

Managing Director

092920546 - ext. 103


Mr. Isaac A. Iortsor holds a Bachelor of Science Degree in Economics from Ahmadu Bello University Zaria. He is also a Fellow of the Chartered Institute of

more Stockbrokers.He has over 29 years of varied work experience acquired from both public and private sector institutions. Prior to joining Tiddo Securities Limited, Mr. Iortsor worked in various organizations including First Bank of Nigeria Plc (NYSC) and the Benue State Civil Service where he rose to the position of Chief Industrial Officer in the Ministry of Commerce, Industry and Co-operatives. He was at Benue Investment & Property Company Limited from 1993 to 1997. He later worked in other financial sector organizations including Fafinc Finance & Securities Limited (Head, Capital Market Operations), Profund Securities Ltd (Head, Stockbroking & Portfolio Management) and BIC Securities Limited. He joined Tiddo Securities Limited in March, 2004 as Group Head, Southern Operations and was appointed General Manager/Chief Operating Officer of the company in 2008, Executive Director/COO in December, 2011 and Managing Director in March, 2012. Mr. Iortsor is currently a Zonal Council Member of the Nigerian Stock Exchange (Kaduna/Kano/Yola/Abuja Zone).

Adamu S. Aboki

Group Head, Operations

092920546 - ext. 104


Mr. Adamu S. A. holds a Bachelor of Technology (B. Tech) degree from Federal University of Technology, Minna, Niger State. He is also an Associate member of the

more Certified Pension Institute (CPI). He worked with the I.T/Operations Department of Rims Securities Limited before joining Tiddo Securities Limited in January, 2002.

Terry A. Agbo

Group Head, Northern Operations & Risk Management

092920546 - ext. 106


Terry Agbo holds a Bachelor of Science (Honours) Degree in Economics (1992) and M.Sc Economics (2004) from the University of Jos, Jos, Plateau State.

more Terry Agbo holds a Bachelor of Science (Honours) Degree in Economics (1992) and M.Sc Economics (2004) from the University of Jos, Jos, Plateau State. He is also member of several professional bodies including Associate Member, Certified Pension Institute of Nigeria (ACPI) and Associate, Institute of Capital Market Registrars.
Before joining Tiddo Securities limited in 2003, Mr Agbo worked at Depot Barracks, Nigerian Army Headquarters, Zaria, Kaduna State during his National Youth Service (1992-1993). In 1994, he joined the services of Broad View Communications Limited, Lagos as Client Service Executive. His love for Banking, Finance and Investments took him to Diamond Bank Plc in 1997 and later Standard Trust Bank (1990) where he worked and rose to the position of Branch Manager before joining the Nigerian Capital Market in 2003.
Terry Agbo is an astute Portfolio Manager with diverse skills and talents.
He is currently our Group Head, Northern Operations & Risk Management.
The Management team is supported by a highly dedicated and disciplined workforce of about 30 employees

Sidi Idris

Group Head, Business Development

092920546 - ext. 105


Sidi Idris is currently the Group Head business development. He has over 13 years experience in Capital Market operations. Prior to joining Tiddo Securities Limited,

more He worked with Newdevco Investments & Securities Ltd, and was responsible for Securities trading, Client investment Advisory services and portfolio management for high net worth Individuals . He is Associate member Chartered Institute of Stockbrokers and an Authorised Dealing Clerk of the Nigerian Stock Exchange.

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