The Chartered Institute of Stockbrokers (CIS) has ushered in a new era of leadership for its Federal Capital Territory (FCT) and Northern District Society. In a recent ceremony held in Abuja, the newly elected executive members were sworn in by CIS President, Mr. Oluropo Dada.
The election, which came as the interim district executives’ six-month mandate neared its end, was described as transparent and in line with the Institute’s values. Prof Uche Uwaleke, Chairman of the Electoral Committee and President of the Association of Capital Market Academics of Nigeria, announced the results.
Sehinde Adenagbe emerged as the new chairman, with Isyaku Bala Tilde and Mustapha Akaje taking on roles as first and second vice chairmen respectively. Other key positions filled include Luka Dajwar Dalang as General Secretary, Kola Oyedokun as Assistant Secretary, and Sa’adatu Faruk as Financial Secretary.
In his address to the new executives, CIS President Dada emphasized the importance of integrity and professionalism in their roles. “We expect them to show integrity, professionalism and to continue to abide by the rules and regulations of the institute, the district and the law of the Federal Republic of Nigeria,” he stated.
Dada also highlighted the crucial role the CIS plays in Nigeria’s economic aspirations. With the government targeting a $1 trillion economy, he noted that the capital markets should contribute at least $500 billion. To achieve this, he called on the government to create an enabling environment that encourages the issuance of securities and attracts foreign investments.
The newly elected Chairman, speaking on behalf of the executive council, outlined their plans to boost the Institute’s membership and visibility. “We expect to grow the membership rapidly. We want to make sure that the issue of competence is upheld so that we know whoever is in the profession knows what he is doing,” he said.
The new leadership team has committed to transparency in their operations and pledged to avoid any infractions. They aim to make the Institute more recognized in the FCT region than ever before, suggesting a push for greater influence and engagement in Nigeria’s capital.
This changing of the guard at the CIS FCT and Northern District Society comes at a crucial time for Nigeria’s financial sector. As the country grapples with economic challenges and seeks to attract more investment, the role of professional bodies like the CIS becomes increasingly important.
The emphasis on integrity, professionalism, and transparency by both the CIS President and the new executive team reflects a broader push for higher standards in Nigeria’s financial industry. If successful, these efforts could help boost confidence in the country’s capital markets and contribute to broader economic growth.
As the new leadership team begins its tenure, all eyes will be on their ability to deliver on their promises. Their success or failure could have significant implications not just for the CIS, but for the broader financial landscape in Nigeria’s capital and northern regions.
