We are committed to passing CIS Bill — Okumagba

By PETER EGWUTU

The President, Chartered Institute of Stockbrokers (CIS) Mr. Albert Okumagba has reiterated its commitment to the passage of the institute’s bill which will further contribute to repositioning the CIS and put it on the global map of professional excellence.

He stated that the new leadership has been working very closely with the National Assembly in order to ensure the passage of the Bill that would transform the CIS into the Chartered Institute of Securities and Investment.


Okumagba who was represented by the institute’s First Vice President, Mr Oluwaseyi Abe at the interactive forum with the registered students in Lagos at the weekend said that one of the objectives of the on-going transformation of CIS was to bring all the practitioners in the Securities and Investment industry into one fold.

The interactive forum was initiated by the institute and supported by some coaching centres to create a platform where students can rub minds with the institute’s principal officers, top management staff, examiners and heads of lecture centres on the students’ complaints and suggestions as well as the institute’s position on each issue.

In his welcome address, Okumagba explained that CIS was undergoing aggressive transformation to rebrand and reposition for global competitiveness.

He urged the students to be frank, sincere and down –to- earth without any fear of victimization to ask any question as regards the institute’s certification process. “ The institute deemed it necessary at this point to organize this forum in order to create an avenue for exchange of ideas between the institute and and the students.

This I hope will give you students the opportunity to ask relevant questions, make suggestions and contributions to any of the institute’s programme” he said.

Speaking on the plan to globalise the CIS professional qualification, Okumagba said “The new leadership will pursue the passage of our bill which is at the 3rd reading stage at the National Assembly for change of its name to Chartered Institute of Securities and Investment.

In the new dispensation, the institute is poised to bring all the practitioners in the Securities and Investment industry to its fold to ensure that the minimum training and certification is maintained for the advancement of the industry in accordance with its statutory powers as it is practiced in other developed market.

“ The Registrar and Chief Executive Officer of CIS, Mr. Adedeji Ajadi advised the students to devote more time to the preparation for examinations.

According to him, the institute had embarked on some programmes aimed at enhancing seamless preparation for examinations particularly for those who are very busy with their office work and those who live outside Lagos with limited access to coaching centres.

Culled from www.vanguardngr.com