A multi-dimensional chartered stockbroker, Oluwole Adeosun was at the weekend sworn-in as the 12th president of Chartered Institute of Stockbrokers (CIS).
The high profile event also included the send off of the
Institute’s immediate past President, Muhammed Amolegbe and swearing-in of the
1st and 2nd Vice President, Oluropo Dada and Fiona Ihimie.
In his acceptance speech, Adeosun articulated six pillars that
will drive his tenure among others. He assured that his administration would
build on the solid foundation laid by the founding fathers of the Institute and
successive presidents.
Adeosun with over three-decade experience, in the financial
market announced six pillars that will drive his tenure as; aggressive
membership drive, strengthening the Institute’s brand positioning, advocacy,
review of the enabling Act that establishes the Institute to expand the scope
of its functions, collaboration with stakeholders In the capital market
ecosystem and members’ development.
“We shall restore the prime position of Securities and
Investment as one of the first options for Nigerian youths, as career of choice
and grow the membership base of the institute exponentially, with more
concentration on the younger population. We shall pursue aggressive membership
drive through collaboration and partnership with major educational institutions
and professional bodies, some of which have already signed MOUs with us and adopted
Securities and Investment Studies in their curriculum. We will also
aggressively drive our Diploma Courses which is an alternative entry route to
the profession.
“We shall further strengthen the brand valuation of the
Institute and our members through improvement in standards of service delivery,
examinations content, and use of technology, to be comparable to the best
anywhere in the world,” said Adeosun.
The chairman of the occasion and a renowned industrialist,
Chief Olusegun Osunkeye, lauded the Institute’s Governing Council and
Management for ensuring quality training for the members to enhance their
service delivery.
Osunkeye advocated listing of Nigerian National Petroleum
Corporation (NNPC) which has been converted to private company to enable it operate
transparently and profitably.
“This year’s Investiture comes at a critical period in the
global economy where countries, including advanced economies are under pressure
to tackle rising inflation and at the same time maintain price, stability, a double-edged
sword. The ultimate challenge is how the government, other capital market
regulators and operators can work harmoniously to encourage investors.
As a positive fallout of the Petroleum Industry Act (PIA),
recently the news broke that the Nigeria National Petroleum Corporation (NNPC),
has been converted to a private company, NNPC Limited. The announcement has
triggered the ongoing analysis of the company’s financial health, civil service
orientation of its staff and other key performance indicators that will enable
a discerning investor to purchase its shares. The new company can take
advantage of Initial Public Offering (IPO to raise capital to boost its
operations and generate tax for the government.
“The Federal Government to take a second look at the
introduction of Capital Gain Tax (CGT).which the mode of implementation is not
yet clear. The obnoxious tax increases the cost of funds to firms and also
reduces the value of capital appreciation to shareholders. The Government can
encourage startups to list on the securities market by granting tax holidays of
about three years to those companies and patronizing their products and
services,” said Osunkeye.
There were outpouring of goodwill messages from the National
Assembly, Lagos State Government, Osun State Government, Securities and
Exchange Commission (SEC), Nigerian Exchange Limited (NGX), ASHON, Chartered
Institute of Bankers (CIBN), former Director General of The Nigerian Stock
Exchange, Professor Ndi Okereke-Onyuike and a host of others.
0 comments:
Post a Comment