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Stockbrokers tasks National Assembly on amendment of investment laws


The Chartered Institute of Stockbrokers, CIS, has tasked the National Assembly to amend some relevant investment laws that are currently impeding efforts targeted at achieving Nigeria’s economic development.

Giving the charge during his investiture as the 10th President of the Institute at the weekend, the newly elected President of the Institute, Mr Adedapo Adekoje, expressed the readiness of the professional body to work with the Legislature on the pending amendment bills.

He pledged: “We will continue to make our inputs into matters of national importance especially in the areas of securities and investment and good governance towards a better Nigeria.

“The Federal Government needs, more than ever before to refocus on the capital market as major platform for economic development”, Adekoje added.

In his remarks at the event, the Institute’s immediate past president, Oluwaseyi Abe, advised the new President to ensure that the Chartered Institute of Securities and Investment (CISI) bill now before the National Assembly was passed as soon as possible.

Abe noted that the CISI was expected to broaden its functions and enable the Institute to continue to play leading roles amongst professional bodies in the country.

Speaking at the investiture ceremony, the Governor of Edo State, Mr. Godwin Obaseki, challenged the stockbrokers to make the value addition benefits of their profession impact on the political economy with the attendant implications for sustainable national development.

Obaseki pointed out that every professional stockbroker should operate on the premise of ‘my word is my bond’ a culture he believed Nigerian politicians should imbibe in order to ensure the transparency in public governance.