As a prelude to the unique Conference,
the Organising Committee had earlier
held a Press Interactive Session where
the Conference Theme and sub-Themes
were explained to the Capital Market
Correspondents for strategic public
By the quality of guests, discussion of sub-themes and uniqueness of Investiture and induction Ceremonies, the Conference was one of the best in recent time. The Conference did not only address fundamental issues that can accelerate market development but paraded diverse speakers with trajectory of professional and technical achievements.
On the list of Who’s Who are the immediate past Executive Governor of Ogun State who is now the Chairman, Senate Committee on the Capital Market, Senator Ibikunle Amosun, his deputy who was a former General Manager on The Nigerian Stock Exchange, Senator Binos Yaroe, the Chairman, Capital Market Committee at the House of Representative, Honourable Babangida Ibrahim, Director, Federal Ministry of Industry, Trade and Investment, Mr Francis Alaneme, Acting Director General, Securities and Exchange Commission (SEC), Ms Mary Uduk,
former Director-General, Nigeria Stock Exchange, Ndi Okereke-Onyiuke and
The Nigerian Stock Exchange’s Chief Executive Officer, Mr Oscar Onyema among others graced the occasion.
Apart from the thought provoking sub- themes which were dissected by cream of tested speakers and discussants, one of the highlights of was investiture of Ms Uduk and the Institute’s Registrar and Chief Executive, Mr Adedeji Ajadi as Fellows. The induction ceremony was conducted for 230 new stockbrokers, including 15 professors and top executives in both private and public sectors.
Addressing the 15 new Fellows and 230 Associates at the Investiture and Induction ceremony which marked the end of the Institute’s 23rd Annual Conference at the weekend in Lagos, the President, Mr Dapo Adekoje urged them to uphold the tenets of integrity and professionalism in order to be good ambassadors of the Institute.
Adekoje explained that membership of some university dons would upscale the Institute’s research base as many of them had done several researches on the capital market. According to him, the development would enhance teaching of Capital Market Studies in the tertiary institution as envisioned by the Institute’s Governing Council.
“ For our friends joining us for the first time, the Chartered Institute of Stockbrokers was established by law, specifically Act 105 of 1992 (Laws of the Federal Republic of Nigeria) and given clear mandates to determine the standard of knowledge required to practice as a core professional in the Securities and Investment industry in Nigeria, provide the required training, and duly certify those candidates that are deemed qualified to practice. In effect, no person can carry out core professional functions in the industry without obtaining appropriate certification from CIS.
“ In recent years, and in recognition of the changing dynamics of the financial industry worldwide, the institute has made the qualification process much easier, even though every single one of our examinations remain very high and world class in standard. Unlike in the past when we had one omnibus Professional Examination programme to cover every aspect of the securities profession, the institute now has several differentiated professional areas available for candidates who choose to specialize in any.
“ So, our young entrants today can choose to focus on Fixed Income Dealing, Commodity Trading, Custodianship, Equity Dealing, or Financial Advisory Services. They also have the option of combining everything as omnibus Stockbrokers.
“ Distinguished ladies and gentlemen, this great institute, the CIS, is recognized by our counterparts worldwide. Our working agreements with the Chartered Institute for Securities & Investment, United Kingdom (CISI UK) and the Association of Certified International Investment Analysts (ACIIA) ensure that our members can practise in 35 countries in the world .”, he said.
The new Associate members pledged to promote the good image of the Institute in their private lives and professional practice. Among the newly qualified stockbrokers were Professor Taiwo Asaolu of Obafemi Awolowo University, Professor Rufus Somoye of Olabisi Onabanjo University, Professor Tahir Kabir of Bayero University Kano, Professor Ikenna Egungwu of Odeumegwu Ojukwu University and Professor Rufus Olowe of University of Lagos.