Uduk Named Fellow, 15 Professors, 215 Others Become Stockbrokers

The Chartered Institute of Stockbrokers (CIS), at the weekend, named the Acting Director General, Securities and Exchange Commission (SEC), Ms. Mary Uduk and Registrar/ Chief Executive of CIS, Mr. Adedeji Ajayi, Fellows while 230 newly stockbrokers, the single largest in the Institute’s history were inducted as Associate members.

Also, the Managing Director, Central Securities Clearing System Plc, Mr. Haruna Jalo-Waziri; Head of Division, Shared Services, the Nigerian Stock Exchange, Mr. Bola Adeeko, 15 university Professors, other lecturers and some top civil servants made the list of latest securities dealers in Nigeria at the investiture and induction ceremony which marked the end of the Institute’s 23rd annual conference in Lagos.

Speaking on this development, the President of CIS, Mr. Dapo Adekoje who congratulated both new the fellows and associates urged them to uphold the tenets of integrity and professionalism in order to be good ambassadors of the Institute.

He 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,” Adekoje said.