CIS seeks support for re-positioning

AS the Chartered Institute of Stockbrokers (CIS) embarks on re-positioning its processes for enhanced service delivery, the President and Chairman of Council, Mr Adedapo Adekoje has urged stockbrokers to support the move to ensure accelerated growth and development.

Adekoje whose historic investiture is scheduled for Thursday, July 26, at Munson Center, Lagos engaged the stockbroking community on the trading floor of The Nigerian Stock Exchange at the weekend, the first in the series of several interactive sessions slated for stockbrokers by the new administration of the CIS.

He appealed to the stockbrokers to ensure a high level of the ethical standard because capital market thrives on the trust of investors as they play the pivotal role in all capital market activities.

“We like to thank and appreciate all of you, members of our great Institute, for your commitment and support over the years. Without your unflinching support of the Institute’s activities and programmes, we would not have achieved the enviable milestones that have established our institute as the leading professional institute in Nigeria. However, at this time we need to contribute even more than ever before.

Our institute is in the process of transition. The onus is on us to urgently re-position our institute and our profession for emerging challenges and opportunities.

“ To achieve this, we must tap into the vast knowledge, expertise and experience of our members. I charge you to continue to support your institute with everything you have, and in turn, I can assure you that you will derive a lot of benefits ultimately.

“As you are aware, the Institute expects all of us to exhibit the highest level of ethical behaviour and standards of professional conduct in our day to day dealings with ourselves and the public at large. Please continue to be good ambassadors of CIS wherever you find yourselves. Feel free to reach the Principal Officers with your advice, suggestions and feedback. We are here to serve you.

“I thank you for reposting your confidence in the new leadership of the institute. With your support, we will expand the scope of opportunities of stockbrokers in the next 12 months, so that we can take our rightful place in the financial market and the Nigerian economy. The process of facilitating this is on already”, Adekoje said.

Prior to his address on the trading floor, Adekoje who was accompanied by the immediate past president of the Institute, Mr Oluwaseyi Abe, the first Vice President, Mr Tunde Amolegbe, second Vice President, Mr Wole Adeosun, Registrar and Chief Executive, Mr Adedeji Ajadi and a Council member, Mrs Elizabeth Ebi had earlier paid a courtesy visit to The Exchange’s Management where the two parties robbed minds on the need to move the market forward.

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The Exchange’s Head, Shared Services Division, Mr Bola Adeeko commended the Institute for its outstanding performances since existence, describing it as a partner in progress with The Nigerian Stock Exchange.

Adeeko advised the Institute to join hands with the Exchange to actualise the Demutualisation programme of The Exchange successfully.

Corroborating him, the doyen of the day, Mr Sam Ndata congratulated members of the new administration of the Institute on their election and urged the Principal Officers to work closely with stockbrokers for enhanced development of the profession.

Ndata also commended the previous administration for its achievements and promised that stockbrokers would continue to support the Institute.

He, however, advised the new administration to ensure regular dialogue with the stockbrokers as a strategic move to ensure their support for market development.

The high point of the interactive session was closing of the market by Mr Adekoje who beat the gong in a traditional style.