Foundation for Excellence in Business Practice, Geneva, Switzerland. Ofonagoro is also a principal shareholder, and the present Chairman of Merit Microfinance Bank Ltd. (formerly known as Amaigbo Community Bank Ltd). He has gained considerable experience investing in equities in the New York Stock Exchange since 1970, and the Nigerian Stock Exchange since 1977. In 1983, the Nigerian Stock Exchange hosted Dr. Ofonagoro to a private luncheon at the Metropolitan Club Victoria Island, Lagos, in appreciation of his role in popularizing the Capital Market through television broadcasting. Personal life Ofonagoro is married to Lolo Stephanie Nirmala Ofonagoro (née Lobo) of Mumbai, India, who holds the following traditional titles in Nigeria: Lolo Duruishimbu of Amaigbo Lolo Ugbala Duruofo II of Amaigbo Lolo Ugochinyere Igbo II of Amaigbo Lolo Eze Nwanyi Nike Lolo Ugosimba Enugwu-Uku An educationist, Mrs. Ofonagoro earned her bachelor's degree and master's degrees in early childhood education from the City University of New York, 1973 and 1975 respectively, and was in 1978, appointed Head of University of Lagos Women's Society Nursery School. A position which she held until 2003 when she retired. Earlier, she had taught at the Muslim Teacher Training College, Surulere, Lagos. She has since established a creche in Ikoyi known as Cuddles Daycare. Dr. and Mrs. Ofonagoro have four children: one daughter and three sons. Ofonagoro is a life member of the Imo State Chapter of the Nigeria Red Cross, and patron of various student unions, youth clubs and chapters of the Nigerian Union of Journalists across the country. He is also a registered trustee of Amaigbo Town Union. He is a member of the Board of Trustees of St. Mary's Joint Hospital Amaigbo, and Patron of Nze na Ozo Titleholders Society of Amaigbo. He currently resides at his country home, Duruishimbu Villa, Umuobi, Amaigbo, Imo State. Awards, honours, prizes and accolades National Festival of Arts Prize in Literature 1959 Elder Dempster Lines/ Federal Ministry of Education Students Exchange Programme to the UK 1959 African Students Foundation of Canada Scholarship 1962 - 1966 James Handerson Prize in History, Trinity College Toronto 1963 Maurice Cody Prize in History University of Toronto 1965 The Falconer Prize of Trinity College Literary and Debating Society 1965 USA/UNESCO Fellowship 1966 - 1970 AFGRAD Fellowship of the African American Institute 1966 - 1970 Faculty Fellowship of Columbia University 1966 - 1970 Honours Fellowship of the School of International Affairs, Columbia University 1968 The