Cap­i­tal Market Solic­i­tors Elect New Exco

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THISDAY - - DASHBOARD - Ak­in­wale Ak­in­tunde

The Cap­i­tal Market Solic­i­tors As­so­ci­a­tion (CMSA), last week, elected news ex­ec­u­tives to take charge of the af­fairs of the As­so­ci­a­tion for the next two years.

In an elec­tion con­ducted dur­ing the As­so­ci­a­tion's 16th An­nual Gen­eral Meet­ing (AGM) held in Ikoyi, Mrs. Ay­otunde Owoigbe of Banwo & Igho­dalo, emerged un­op­posed as the CMSA Chair­man, while Mr. Ben­jamin Obidegwu, Man­ag­ing Part­ner of Her­mon, Bar­ris­ters and Solic­i­tors was elected as the Vice Chair­man of the As­so­ci­a­tion.

Mrs. Owoigbe and Mr. Obidegwu were the As­so­ci­a­tion's Vice Chair­man and Sec­re­tary re­spec­tively, be­fore the new elec­tion con­ducted by the Chair­man of the Board of Trustees, Chief Odu­jirin.

Other newly elected of­fi­cers are Mrs. Damilola Ade­tunji of Odu­jn­rin & Ade­fulu as Sec­re­tary,

Mr. Odi­aka Vin­cent Iweze of Pen­tagon Part­ners as As­sis­tant Sec­re­tary, Mrs. Eb­elechukwu Enedeh of Punuka At­tor­neys as Fi­nan­cial Sec­re­tary and Mr. Ta­muno Atekebo of Stream­sow­ers & Kohn as Trea­surer.

Also elected are Mrs Tolu­lope Moseli of Ed­ward Ekiyor & Co as So­cal/Wel­fare Sec­re­tary, and Mrs. Ogonna Chinedu-Eze of Udo Udoma Bello Osagie as Pub­lic Re­la­tions Of­fi­cer.

Ear­lier, dur­ing the AGM, the im­me­di­ate past Chair­man, Mrs. Yinka Edu, thanked all the im­me­di­ate past Ex­ec­u­tive Committee and mem­bers of the Board of Trustees for their un­flinch­ing sup­port for her ad­min­is­tra­tion.

Edu said the word that char­ac­terised the Nige­rian busi­ness en­vi­ron­ment and econ­omy dur­ing the pe­riod of her ten­ure, was “un­cer­tainty”, but she and her team were able to achieve so much for the As­so­ci­a­tion.

“Our econ­omy was ad­versely af­fected by ex­ter­nal shocks, in par­tic­u­lar the sys­temic ef­fect of the fall in the global price of crude oil. The un­cer­tainty built around FX avail­abil­ity, mon­e­tary poli­cies cou­pled with some tough fis­cal poli­cies in 2016 weak­ened in­vestors' con­fi­dence to­wards in­vest­ment, par­tic­u­larly in the eq­uity market. De­spite this un­cer­tainty, the year 2016 was an ex­cit­ing and event­ful year for the As­so­ci­a­tion.

“In the course of the year, we or­gan­ised a num­ber of ac­tiv­i­ties, which re­quired time- con­sum­ing com­mit­ment from the Ex­ec­u­tive Committee, and I would like to thank the Exco for their huge con­tri­bu­tion, par­tic­u­larly dur­ing the past year”, Mrs. Edu stated.

Ac­cord­ing to her, part of her ad­min­is­tra­tion’s achieve­ment in­clude pub­lish­ing of the first two edi­tions of the CMSA News­let­ter, or­gan­i­sa­tions of Sum­mits, have nom­i­na­tions of a num­ber of in­di­vid­u­als from our member firms to as­sist the SEC, NSE and FMDQ or to sit on Com­mit­tees set up by those Or­gan­i­sa­tions.

“I am very proud and hon­oured to have chaired the As­so­ci­a­tion over the last 2 years. I am proud of the progress that the As­so­ci­a­tion has con­tin­ued to make dur­ing this pe­riod and its col­lab­o­ra­tion with other in­sti­tu­tions, both lo­cally and in­ter­na­tion­ally”, she added.

L-R: Mr. Odi­aka Vin­cent Iweze, Chief Zik Obi, Mrs. Damilola Ade­tunji, Chief Oladipo Odu­jin­rin, Mrs. Ay­otunde Owoigbe, Chief Olu Ro­timi Wil­liams, Mrs. Eb­elechukwu Enedeh, Mr. Ben­jamin Obidegwu, Mrs. Ogonna Chinedu-Eze and Mr. Ta­muno Atekebo , new CMSA...

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