Tag: President

  • Club president gets re-elected

    Club president gets re-elected

    Dr. Akin Oladeji-Johnbrown has been re-elected as the president, Ogbomoso Recreation Club (ORC), for a second term.

    He was re-elected during the Annual General Meeting (AGM) of the club held in Ogbomoso, Oyo State, with other newly elected executives like Prof. Jide Ajao (Vice-President), Prof. Adeniran Atiba (General-Secretary), Alhaji Abdulraheed Shittu (Membership Secretary), Alhaji Oladimeji Shittu (Treasurer).

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    Others are Chief Pekun Olaleye (Social Secretary), Mr Ayokunnu Oyeleke (Financial Secretary), Mr Kayode Bankole (Consultant and Legal Adviser), Chief Balogun Okelana (Bar Secretary), Mr Isaac Ojo (Ex-Officio) and Mr Joseph Oseni Gbadamosi (Ex-Officio).

    The newly re-elected president thanked the club for allowing him to lead its affairs after a challenging period of interim management.

    He said: “It has been a journey of growth and sustained value creation, which comes with greater responsibilities. Whatever achievement made by the executive management of ORC in the last two years can be attributed to the efforts of the founding fathers and subsequent leadership.”

  • Tough reforms and a president’s worries

    Tough reforms and a president’s worries

    • By Braeyi Ekiye

    No doubt this year’s President Bola Tinubu’s Democracy Day address was engaging as well as reminiscent of Nigeria’s democratic experience from 1999 till date.

    Listening to the president’s address on television, one could see him grapple with the tough reforms of his administration and his worries of when and how Nigeria will get out of the biting economic, political and security challenges facing her.

    The president spoke from the point of first-hand knowledge of the nation’s “rites of passage to becoming a ‘true and enduring’ democratic society”, 31 years after.

    President Tinubu stated that going through this passage was hard and dangerous. He pointed out that during the faithful six years of the battle and struggle for the rebirth of democracy, Nigeria lost great heroes and heroines on the way to freedom and liberty.

    The media was not left out in his appreciation for their decisive and ‘irrepressible’ stand in ‘mounting the barricades’ against dictatorship in the country and for democracy to thrive.

    The question is: how then do we prevent the formidable walls that protected the fortress of dictatorship in the nineties in Nigeria from ever rearing its ugly head again?

    Yes, President Tinubu rightly pointed out that Nigeria exited the yoke of military rule in 1999 to become the most populous democracy on the African continent, the beacon of democratic self-determination for the black race and indeed, one of the largest democracies in the world. Truly so. But then, can Nigeria pride herself as truly a translation of ‘beacon of democratic-self-determination’ for the black race? What with the inchoate democracy still being practiced, encapsulated in startling corruption and injustice in the overall electoral administration since 1999 when the country returned again to civil democratic rule?

    It is now 25 years since, and if the truth must be told, Nigeria is worse off in the communication of democratic ethos and dividends, to wit: good governance for the welfare and security of her citizens. This lack speak volumes of the sorry state of the nation, politically, administratively, economically and financially.

    Is our electoral process foundationally well grounded and elections carried out in open and fair manner as the president posited? And has this fairness, this transparency, this openness given credence to our democratic experience since 1999?

    I beg to disagree with our revered president that: “Nigeria has established a tradition of transparent, open and fair election”, and that, this has given credence to Nigeria’s democratic bearing.

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    Yes, Nigeria has experienced peaceful transitions of government since 2003 up until now. Yet, this is not an affirmation of a democratic temperament of good and acceptable stable, peaceful and credible elections as our revered president would want us believe.

    May we be reminded of the palpable anger, frustration and protests across the country at the handling of the result of the 2023 presidential election by INEC. But for a peace-loving country and her citizens who embraced President Tinubu’s administration, hoping that the ‘Renewed Hope Agenda’ would dramatically turn around things for the better for Nigeria and Nigerians, the story would have been different.

    I, however, could not agree more with Mr. President that “democracy shines its light into the daily lives of the people who live under its nurturing wings”. However, if one may ask: For how long shall light continue to shine, and positively too, in the lives of Nigerians for citizens to live and not just exist? Is thirty one years not enough time for such a nurturing of our political seeds to bear good and edible fruits of democracy?

    Why are we still rising and falling, learning to walk as toddlers? Are we not tired of continuing with this uninspiring and unimpressive system of electing candidates into political offices through vote buying, violence, ballot box snatching and stuffing, falsification of results and in some cases, security agencies and electoral officers’ connivance with preferred political party members at the polling booths to undo the nation’s electoral process?

    The point, therefore, must be made that, such unwholesome acts can hardly guarantee the protection of Nigeria’s hard earned democratic freedom, liberty, and that of the citizens of Nigeria.

    This is where the president’s call for the real test to up the ante in our collective drive or push for the enthronement of democratic ethos for good governance, equity and justice, and for free, fair and credible election lies. For, if these time-honoured values are ingrained in the politics of Nigeria, the age long infestation of our law courts as busy markets by our political class before and after elections would be a thing of the past. We should not pretend that Nigerians urgently want a more credible electoral process and an electoral umpire that would stand for competence, uprightness, and one that would play according to the rules; incorruptible in every sense of the word. The country has continued to bear the brunt of badly conducted elections over the years, with clear lack of preparedness on the part of INEC even with the colossal amount of funds yearly pumped into the conduct of these elections. This sad situation has gone unchecked for too long. It should, therefore, no longer be business as usual in future elections.

    The reforms the president said his administration initiated are to grow and develop a culture of sustainable socio-economic and infrastructural transformation. It is the hope of Nigerians that these reforms would also put into account the moral and ethical values in governance, equity and justice in the nation’s administration, quick response to the call for the practice of true fiscal federalism and devolution of powers, unbundling of the 1999 Constitution and drafting of a new grund norm, and not the least, addressing the excruciating pains being suffered by citizens due to the sudden down-turn of the economy of the nation on the president’s assumption of office.

    It is gratifying to note that the president himself has alluded to the biting hardship occasioned by his tough reforms. May the president’s prayer that the pains of today are a path-way required to repair and fix the economy over the long run come to pass soonest, and that: “Everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour” also come to pass expeditiously.

    In doing that, it is the hope that regional endeavours and labour are captured in these reforms, which to most minds, are not comprehensive enough to drive the process of effective growth and development, security and political, economic and financial freedom, especially of the component units of the Nigerian State.

    •Ekiye, a publisher, writes from Yenagoa, Bayelsa State.

  • President appoints Argungu PSC Chair, Sheidu NPTF boss

    President appoints Argungu PSC Chair, Sheidu NPTF boss

    President Bola Tinubu has appointed retired Deputy Inspector-General of Police (DIG) Hashimu Argungu as Chairman of the Police Service Commission (PSC).

    The President also appointed Chief Onyemuche Nnamani as the commission’s Secretary and Deputy Inspector-General of Police (DIG) Taiwo Lakanu (retd.) as a member of the commission.

    A statement yesterday in Abuja by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, reads: “President Bola Tinubu has approved the appointment of DIG Hashimu Argungu (retd.) as the Chairman of the Police Service Commission (PSC).

    “The President has also approved the appointment of Chief Onyemuche Nnamani as Secretary and DIG Taiwo Lakanu (retd.) as member of the commission.

    “The appointments are subject to confirmation by the Senate.

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    “Other members of the Police Service Commission will be appointed in due course…

    “Furthermore, the President has approved the appointment of Mr. Mohammed Sheidu as the Executive Secretary of the Nigeria Police Trust Fund (NPTF) with immediate effect.

    “The President expects absolute demonstration of integrity, diligence, and patriotic zeal in the discharge of these important functions for the overall wellbeing of the Nigeria Police and the nation.”

    These appointments are a part of President Tinubu’s efforts to reform and transform the Nigeria Police Force (NPF) into a modern, professional, and accountable institution.

  • Ex-candidate greets President 

    Ex-candidate greets President 

    Former governorship candidate in Osun State, Babatunde Loye, has hailed President Bola Tinubu on his first year in office.

     “This marks a year of leadership that has seen Nigeria navigating triumphs and challenges under President Tinubu,” Loye said.

     In a statement, Loye lauded Tinubu for his commitment to unity, development, and enhancement of Nigeria’s global standing.

     Loye noted key achievements, including infrastructure, anti-corruption, and initiatives at fostering growth.

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     “President Tinubu’s first year in office has been marked by a pursuit of policies at revitalising our economy and improving quality of life.

     “His commitment to infrastructure, healthcare, and educational advancement is commendable and provides a foundation for prosperity,” he said.

    Loye, who ran for governor of Osun in 2018, is the Balogun of Ila Orangun.

     He stressed importance of strong leadership, expressing hope Tinubu’s administration would build on its success, to address security, unemployment, and economic stability. “In these times, Nigeria requires a leader with vision, resilience, and an understanding of our diverse cultural and socio-economic landscape.

  • APC non-serving senators laud President’s commitment to separation of powers

    APC non-serving senators laud President’s commitment to separation of powers

    Erstwhile senators of the ruling All Progressives Congress (ACP), under the aegis of APC Non-Serving Senators Council, have praised President Bola Tinubu for his commitment to the principles of separation of powers, particularly his support for the independence of the judiciary and the legislature since he assumed office a year ago.

    In a statement yesterday by its Convener, Senator Basheer Lado, the council said: “Your courageous measures and decisive actions have been nothing short of transformative. The introduction of policies to attract foreign investments is a testament to your bold vision and unwavering commitment to Nigeria’s progress.”

    The council also lauded the President’s focus on infrastructure development, saying: “The strides you have made in infrastructure development are exemplary. The construction of the Lagos-Ibadan Expressway and the completion of the Second Niger Bridge are monumental achievements that will stand the test of time.”

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    Praising President Tinubu for his commitment to improving the lives of all Nigerians through initiatives that enhance food security and social welfare programmes, the council said: “Your focus on ‘stomach infrastructure’ underscores your dedication to improving the lives of all Nigerians. Your initiatives aimed at enhancing food security and social welfare programmes are a testament to your commitment to the well-being of our citizens.”

    The erstwhile APC senator also hailed the President for his impartial leadership, citing his willingness to acknowledge and correct mistakes as a reflection of his integrity and accountability.

  • President’s oil and gas initiatives

    President’s oil and gas initiatives

    • By Chukwudi Emmanuel

    It has been a year since Bola Ahmed Tinubu was inaugurated as president of the Federal Republic of Nigeria. It also marks one year since the president caused a ripple on the socio-economic life of Nigerians when in his inaugural speech, struck at the heart of the mainstay of the nation’s economy: oil and gas.

    As at May 2023 when President Tinubu assumed office, the nation’s economy was struggling due to a variety of factors which included inherited huge local and foreign debts, loss of value of the nation’s currency, lack of basic infrastructure etc. which the nation’s main resource could not provide succour.

    Despite that the previous administration was doing all it could to be in the good books of the average Nigerian by paying subsidy on refined petroleum products which were sourced mainly through importation, the Muhammadu Buhari administration knew that it could not sustain the subsidy regime but could not take the step required to check its abuse, so it kept pushing the deadline for the abrogation of subsidy.

    Worse, the nation’s four refineries were not working while the only private sector concern that indicated interest in helping out, the Dangote Group, was not conclusive about when its intervention to deliver a refinery would materialize.

    The gas sector was also not faring better as output from the Nigeria LNG dipped below 50 percent of capacity while compressed natural gas was almost non-existent.

    The removal of subsidy led to a chain of events that almost crippled the economy and the social life when it eroded people’s purchasing power, leading to high cost of transportation, food, and other essentials.

    This led to wide condemnation that has failed to wane as even former Olusegun Obasanjo only last week had to add his voice saying President Bola Tinubu’s implementation of the removal of subsidy from petroleum products though good was wrongly implemented.

    But to be fair, there have been a number of activities initiated in the sector that promise to yield positive results in the not too distant future. The first has been the attempt to bring the four refineries in the country back to life, which is ongoing.

    With the work going on at the Port Harcourt two refineries, which were shut down in March 2019, the plants are expected to commence a daily production of 210,000-barrels by July.

    This is as the government is said to have secured the services of the technical adviser of Italy’s Maire Tecnimont to handle the reviews of the refinery complex, with oil major, Eni appointed technical adviser.

    With the promise to start production, marketers are expecting to commence loading of products for sale across the country from next month.

    The Kaduna Refining and Petrochemicals Company (KRPC), on the other hand, is also expected to become operational by the end of 2024 with the production of 110,000-barrel-per-day which represents 60 percent its installed capacity.

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    With the level of work has at the plant, there are positive signs that refining would begin on the target date.

    Added to these, extensive work is also being done on the Warri Refinery to commence operation almost at the same time with others.

    Another effort of the Tinubu administration is encouraging private sector participation. Barring any last-minute change in plan, the $20bn Dangote Oil Refinery which has since commenced production, is expected to be listed on the Nigerian Stock Exchange by December 2024.

    The refinery is targeting a production capacity of 500,000 barrels by July and ultimately 650,000 barrels per day.

    With an average monthly consumption of one billion litres, Nigeria currently spends approximately N520bn on the importation of Premium Motor Spirit (PMS) every month, meaning that the government will cut approximately N6.2tn spent yearly to import products.

    In the gas sector, President Tinubu is set to commission the NASENI-Portland Compressed Natural Gas (CNG) Reverse Engineering Centre, at Utako for CNG which is expected to boost economic activities as the product serves as an alternative to PMS.

    These coordinated efforts would reduce the quantity of imported products through the meeting of local demands and the scarce foreign exchange for other economic uses. On the whole, while the Tinubu administration may have made some avoidable missteps in its drive towards boosting the oil and gas sector, it has shown considerable efforts in reviving the same, which might soon begin materialise.

    •Chukwudi, a public sector analyst, writes from Awka, Anambra State.

  • Iran to hold memorial ceremonies for late president Tuesday

    Iran to hold memorial ceremonies for late president Tuesday

    • Tinubu, world leaders condole with Tehran

    Memorial ceremonies for the late President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian are planned in Iran today.

    Raisi, Amir-Abdollahian and seven senior Iranian officials died in a helicopter crash on Sunday.

    The confirmation of their deaths was made by the Iranian government, following the identification of all the victims despite severe burns. The bodies have been transported to Tabriz, the capital of Iran’s East Azerbaijan province.

    Local media reported that a ceremony is being planned in the provincial capital of Tabriz in the morning, followed by a ceremony in the religious stronghold and pilgrimage city of Qom.

    The date for the funerals of the two statesmen has not yet been announced.

    Raisi is to be buried in his hometown of Mashhad.

    The helicopter crashed in dense fog on the mountains over East Azerbaijan Province while the deceased were travelling back from a meeting with the President of Azerbaijan, Ilham Aliyev.

    President Bola Tinubu and other world leaders have extended their condolences to the government and people of Iran over the passing of President Raisi and other officials.

    In a statement issued yesterday by his Special Adviser on Media and Publicity, Ajuri Ngelale, President Tinubu expressed profound grief over the “disturbing tragedy”, describing President Raisi as a leader who was “passionately committed to the development of Iran”.

    The President commiserated with the bereaved families and prayed for the “continuous peace, stability, and prosperity of the Iranian nation”.

    “President Bola Tinubu extends his condolences to the government and people of the Islamic Republic of Iran over the passing of President Raisi; Iranian foreign minister, Amir-Abdollahian and other officials in a helicopter crash.

    “President Tinubu expresses profound grief over this disturbing tragedy, and describes President Raisi as a leader who was passionately committed to the development of Iran.

    “While commiserating with the bereaved families, President Tinubu prays for the continuous peace, stability, and prosperity of the Iranian nation.”

    Also, the African Union (AU) extended its condolences over the tragic death of the Iranian President and several senior officials.

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    In a statement, Moussa Faki Mahamat, chairperson of the AU Commission, expressed his deep shock and sadness over the tragic passing of the Iranian president, the country’s foreign minister and their companions.

    Numerous Arab countries also expressed their condolences following the death of the Iranian president in the crash.

    Qatari Emir Tamim bin Hamad al-Thani, writing on X, offered his sincere condolences to the government and people of the Islamic Republic of Iran.

    Also Egypt and Jordan had expressed solidarity with Iranians.

    Jordan’s King Abdullah II said his deepest condolences go out to the brothers, leadership, government and people of the Islamic Republic of Iran on the death of brother President Raisi.

    Syrian leader Bashar al-Assad, a close ally of Iran, expressed his condolences for this painful incident and the resulting great loss.

    Lebanon, for its part, announced a three-day mourning period.

  • President okays panel on green economic drive

    President okays panel on green economic drive

    President Bola Ahmed Tinubu has approved the establishment of a committee to oversee the Green Economic Initiative, known as the Presidential Committee on Climate Action and Green Economic Solutions.

    Tinubu also approved the appointment of his Special Adviser on Media and Publicity,   Ajuri Ngelale as special envoy on Climate Action and the appointment of Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Arranger and Developer of Evergreen City, Nigeria’s first green industrial zone.

    The committee, according to a statement by Segun Imohiosen, director of Information and Public Relations, Office of the Secretary to the Government of the Federation(SGF)  will coordinate and oversee all the policies and programmes on climate action and green economic development.

    The move is to remove the constraints to coordination, foster a whole-of-government approach to climate-action programmes and provide an efficient governance architecture.

    It is also to ensure that all the relevant institutions in the sector are plugged into the President’s vision and are collectively implementing the Renewed Hope Agenda on climate action.

    The President chairs the committee that has Minister of Environment   Balarabe   Lawal as vice-chairman. Ngelale,   Lazarus Angbazo (CEO, InfraCorp); Salisu Dahiru (CEO, National Council for Climate Change); Michael Ohiani (CEO,  Infrastructure Concession Regulatory Commission); Aisha Rimi (CEO, Nigerian Investment Promotion Counci); and Aminu Umar-Sadiq (CEO, Nigeria Sovereign Investment Authority), Yusuf Maina-Bukar (CEO, National Agency for the Great Green Wall); Abdullahi Mustapha (CEO, Energy Commission of Nigeria); and Abba   Aliyu (CEO, Rural Electrification Agency) as members.

    Others are  Uzoma Nwagba (CEO, CrediCorp),   Khalil Halilu (CEO, National Agency for Science and Engineering Infrastructure); Fatima Shinkafi (CEO, Solid Minerals Development Fund); Bala Bello (deputy governor, Central Bank of Nigeria); Lolade Abiola (UN SE4ALL); Teni Majekodunmi (National Council on Climate Change) and Representative, (Federal Ministry of the  Federal Capital Territory) as members.

    The Federal Ministries of Finance; Power; Industry, Trade & Investment; Water Resources; Agriculture & Food Security; Federal Inland Revenue Service, and the Nigeria Customs Service also have representatives in the committee.

    The committee shall, among other functions, identify, develop, and implement innovative non-oil & non-gas climate action initiatives.

    It will coordinate all the activities of relevant federal institutions towards the attainment of all agreed climate action and green economic objectives and non-oil/non-gas ambitions of the government.

    It will also collaborate with all the relevant government, sub-national governments, non-government, and civil society entities towards the attainment of the climate action objectives and ambitions of the federal government.

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    In the same vein, it will collaborate with national governments and multilateral institutions towards the attainment of the climate action objectives and carbon market ambitions of the government.

    The committee will also monitor, evaluate, and guide the progress of all climate action and renewable energy projects and activities of the government.

    Other functions include: ”Track and guide the implementation of initiatives and developments conducted by the Energy Transition Working Group.

    ”Supervise the work of the Presidential Steering Committee on Project Evergreen.

    ”Prepare a half-yearly green ambitions update, covering all associated climate action achievements of the Federal Government.”

    Imohiosen said that Tinubu remained committed to achieving Nigeria’s green economy objectives on the path of a just energy transition while unlocking new investments in this critical sector.

    Ngelale explained in a separate statement that  President Tinubu’s decision to establish the Evergreen City is a significant step towards achieving industrial development that meets the demands of the present and future.

  • Marketing Edge’s suit against institute’s president for May 27

    Marketing Edge’s suit against institute’s president for May 27

    Justice Taiwo Olatokun of an Ikeja High Court has fixed May 27 for the trial of a suit filed by Marketing Edge Publications Limited against the National Institute of Marketing of Nigeria following alleged threat and harassment over one of its publications.

    The second defendant in suit number ID/10977GCMN/2024, through the company’s lawyer, Felix Akinsola, is the President of the institute, Idorenyen Enang.

    The claimant is praying the court for an order of perpetual injunction restraining the first defendant and all its officers, allies from further threat and harassment of any form either through the use of the Nigerian Police Force (NPF) or any other security agencies.

    The claimant is also seeking an order of perpetual injunction restraining the first defendant, its officers, and other persons acting for and on behalf  of the defendants from continued publication of the libelous publication or any other publication to the like effect.

    It also included an order of perpetual injunction restraining the 2nd defendant either by himself, his officers, any person acting for and on his behalf or through any office he may occupy, either now or at any time in future, from further threat and harassment of any form and from publishing and or making libelous and defamatory  statements towards the claimant and or any person, natural or non-natural associated with it.The claimant prayed the court for, among others damages in the sun of N20 million being damages for assault on its reputation, a reduction in the esteem of right thinking members of the society and damaging utterances by the defendant against the claimant,  a retraction in its entirety  of the public notice made by the Institute of Marketing of Nigeria in the Punch Newspaper of Friday November 24, 2023.The claimant also seeks a robust apology by the institute in four  national dailies stating unequivocally that the claimant is not in breach of any laws in its ordinary course of business, that the claimant is well within its right to carry on its business, that the general public, companies, corporations and individuals are free to relate and contract with the claimant without hesitation and or fear of any kind; and that the claimant is an upstanding and respected corporate body carrying on business within the ambit of its objectives.The claimant, in its 36-point statement of claim averred that it is clear that the institute has embarked on a witch hunt with a fierce determination to undermine the efforts and reputation of the claimant with the sinister intention of running down the business of the claimant through toxic and malicious publications.

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    The claimant averred that except the court restraints the defendants, they would continue to spread these libelous and damaging publications which has occasioned grievous harm to the finance, reputation, business and the standing of the claimant,

    He  averred that despite exchange of correspondents between itself and the defendants, they still went ahead to file a petition with the Police alleging a criminal breach of its statutory powers and naming the claimants and the claimant’s Chief Executive Officer (CEO) and a number of the claimants affiliates in the said petition, the police has refused to oblige the claimant with a copy of the petition the defendants  are put on notice to produce the original at the trial.

    The claimant averred that its publishing and organisation of awards is based on a merit system that it has originally curated and cannot in any way shape or form, or be construed as a regulation and control the practice of marketing in Nigeria and has nothing to do with marketing or its institute‘s control and regulation

    It averred that though it is not a member of the defendant’s institute, its annual published list has gained renown, acceptance and general acclamation for its meritorious approach to awarding excellence to various brand icons, a reputation that has garnered it the moniker :Best Marketing Magazine”

    It further averred: “for its authoritative and well researched news reports, regular special reports and general industry news and stories across the Nigerians Integrated Marketing Communications (IMC), the National Institute of Marketing of Nigeria, under the leadership of its past President, Chief Lugard Aieniewu of blessed memory actually recognised the claimant as the best marketing magazine for two consecutive years.”

    It averred that the 2nd defendant deliberately and out of malice orchestrated  falsehood and malicious libelous publication to spite the claimant and to bring down its business, adding that having failed woefully top galvanise the  Nigerian Marketing community through value-adding services and connect positively with both registered and non-registered marketing professionals in Nigeria, has been looking for a way to bring down the claimant’s business to pave way for his own relevance.

    It submitted that the words used employed by the NIMN in its publication means and it is so understood to mean by those that received the publication that the claimant is an impostor who is deliberately deceiving the general public  and flagrantly disobeys the law , has no regard and or respect for constituted authority  and has ultimately called into question every action carried out by it.

    The claimant averred that the publication by the NIMN has undermined the years of painstaking work it  and in the same vein diminishing the spotless reputation garnered by the claimant over copious years of the proverbial sweat, blood and  tears, adding that the publication by the institute has also diminished the claimant in the estimation of right thinking members of the society, discredited it in its profession, injured its financial credit and exposed it to ridicule and contempt.

  • Stockbrokers elect president as Adeosun bows out

    Stockbrokers elect president as Adeosun bows out

    The Chartered Institute of Stockbrokers (CIS) has elected Mr. Oluropo Dada as its 13th President and Chairman of the Governing Council in line with the institute’s seamless succession policy.

    Dada’s election was announced in a statement, signed by the institute’s Registrar and Chief Executive, Mr Josiah Akerewusi, after the  annual general meeting held in Lagos. Dada, the institute’s former 1st Vice President, succeeded the erstwhile President, Mr. Oluwole Adeosun.

    Under the leadership change, the institute’s 2nd Vice President, Mrs Fiona Ahimie, also emerged the 1st Vice President.

    By the institute’s tradition, Dada shall be formally decorated with the paraphernalia of office in a high profile event called investiture at a later date.

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    Adeosun, in his message to stockbrokers, thanked all members of the institute’s working committees and staff of the secretariat for their commitment and excellent job during the review period.

    “I re-affirm that the Governing Council and Office Holders shall continue to work hard towards getting the securities and investment profession registered family in the hearts of young Nigerian scholars as their career of choice, and CIS as the model for other professional bodies to follow,” Adeosun said.

    Stockbrokers showered encomiums on the outgoing president and his team for many laudable achievements that have raised the bar, including advocacy.

    A past president of the institute, Mr Oladipo Aina said a lot had been achieved by the outgoing president.

    “I wish the outgoing president well. The new team must deliver more. Every new president and his team must move the scale up, ” Aina said.

    Dada, is an accomplished stockbroker, consummate banker, and a dealing clerk of the Nigerian Exchange (NGX).  He is a Fellow of the Chartered Institute of Stockbrokers (FCS) where he served as Second and First Vice President respectively. He is also a Fellow of the Chartered Institute of Bankers of Nigeria (FCIB).