The CIS is governed by a council of 27 members. The Governing Council has overall responsibility for the administration and general management of the Institute. It is empowered to do anything which in its opinion is calculated to facilitate the carrying on of the activities of the Institute. This consists of elected, appointed and ex-officio members.
The statutory composition of the council is as follows:
- The President of the Institute (who is also the Chairman of the Council)
- Two Vice-Presidents
- A representative of the Securities and Exchange Commission
- A representative of the Nigerian Stock Exchange
- Two representatives of the Banker’s Committee
- Twelve elected members of the Institute
- Two persons representing institutions of higher learning in Nigeria
- A representative each of the following Ministries:
- Education and
- Women Affairs and Youth Development
- Past Presidents of the Institute (to serve for a maximum period of three years from the expiration of their terms of office as President)
Meet The Council Members
The Governing Council of CIS is composed of distinguished and seasoned professionals including the following:
MR. OLUWOLE OLOLADE ADEOSUN, FCS
PRESIDENT/CHAIRMAN OF COUNCIL
Mr. Adeosun is the Managing Director /Chief Executive Officer of Chartwell Securities Limited and a current National Council Member of The Nigerian Stock Exchange.
He was the Group Head, (Investment Banking), and Group Head, (Corporate Banking) Intercontinental Bank Plc between 1991 and 2000. He later rose to become the Chief Executive Officer of Intercontinental Securities Limited from 2000 -2007.
Mr. Adeosun served as a Pioneer member of the Governing Council of Abuja Securities Exchange (now National Commodity Exchange) from 2005-2007.
He obtained B.Sc. (Hons.) in Business Administration from the University of Ilorin in 1986. He enrolled for the elite Lagos Business School’s Chief Executives Program (CEP15) which he completed in May 2006.
He was at the prestigious New York Institute of Finance for the flagship US Capital Markets program amongst other executive training programs.
Mr. Adeosun holds a Multiple Registration Status with the Financial Reporting Council of Nigeria and is a Fellow of the following professional bodies- CIS, ICAN, CIBN, CITN and IoD. He is also a member of the Society for Corporate Governance Nigeria, Ikoyi Club 1938 and The Lagos Country Club.
Mr. Adeosun is also a Minister of the Gospel.
MR. OLUROPO SAMUEL DADA, FCS
1ST VICE PRESIDENT
Mr. Dada is the Managing Director/CEO of Network Capital Limited.
Mr. Dada was a member of Senior Management staff of Marina International Bank Limited, that later merged with Access Bank Plc, where he was seconded to Marina Securities Limited to function as General Manager and Chief Operating Officer. He was also the Chief Executive Officer of Pyramid Securities Limited for a period of six years.
He obtained a BSc. in Business Administration from the University of Lagos in 1988 before proceeding to Leeds Beckett University (Formerly Leeds Metropolitan University) Leeds, United Kingdom for his MSC. Corporate Governance.
Mr. Dada is an accomplished stockbroker and banker. He qualified as an Authorized Dealing Clerk of The Nigerian Stock Exchange in 1995 while working as a Credit Officer with the defunct Abacus Merchant Bank Limited
He is also a Fellow Member of the Chartered Institute of Bankers of Nigeria, an Associate Member of Certified Pension Institute of Nigeria and a Member of the Society for Corporate Governance, Nigeria.
His work experience covers stock broking, issuing house activities, credit appraisal, accounting, investment advisory services, and general administration. He is an alumnus of New York Institute of Finance, New York, United States of America and Leeds Business School, Leeds, United Kingdom.
MRS. FIONA AHMED AHIMIE, FCS
2ND VICE PRESIDENT
Fiona is currently the Managing Director of FBNQuest Securities Limited.
Fiona started her career as a Stock Analyst, Financial Advisor and Accounts/ Investment Manager with Axial Ventures Limited in July 2005. She later joined FBN Capital Limited as the Head of Sales Trading and sales team mate. Later, she joined African Alliance Stockbrokers Limited as the MD/CEO in May 2015. She was appointed the Deputy Head of Sales Trading by Stanbic IBTC Stockbrokers Limited in May, 2015. Prior to this appointment, Fiona was the Senior Analyst/Deputy head of Asset Management Department of Lead Capital Plc.
Fiona graduated from Lagos State University, Nigeria with B.Sc. Accounting, Second Class Upper (2.1) in 2005 and holds an MBA in Business Administration from Lagos Business School.
Fiona is an Fellow Member of the Chartered Institute of Stockbrokers, Associate Member of Chartered Accountants of Nigeria (ACA) and Associate, Association of Accounting Technicians (AAT)
She has also attended a number of courses, local and international on behavioural, managerial and financial analysis.
JOSIAH AKEREWUSI, MBA, FCA, FCS, ACTI, ACSI (UK), AMNIM
Mr. Josiah Dimeji Akerewusi has an unyielding desire to achieve excellence in everything he does. A versatile professional with over 29 years post-graduate experience which cuts across Banking, Insurance, Auditing, Accounting, Taxation, Management and Financial Advisory Services, Financial Control as well as Securities Dealing and Assets Management.
He is an astute administrator and multiple award-winning professional, imbued with good leadership skills, humility and passion for selfless service. He is adept at creating lasting professional relationships with colleagues on the strength of honesty and integrity. Josiah is proficient in Microsoft Office Suite, Daceasy, Peachtree, QuickBooks, Symbols (Stockbroking Software), Info WARE (Stockbroking/ Asset management Software), Global Suite (Stockbroking/Asset management Software), and Sage Accounting package.
In his previous as role as an Assistant Director/ Head, Finance & Accounts, he has gained a reputation for improving the Institute’s Financial Control and quality of financial reporting, with operational efficiency and effectiveness by aligning his team work to the overall goals of the Institute.
He is currently the Registrar and Chief Executive, Chartered Institute of Stockbroker and a Doctoral student of Business Administration at Unicaf University, Cyprus.
MR. OLATUNDE MOHAMMED AMOLEGBE, FCS
IMMEDIATE PAST PRESIDENT
Mr. Amolegbe is the Immediate Past President/Chairman of the Council of the Chartered Institute of Stockbrokers.
Mr. Amolegbe is the Managing Director /Chief Executive Officer of Arthur Steven Asset Management Limited.
He has vast cognate experience in Investment Banking, Corporate Finance, Asset/Portfolio Management, Securities Trading and Investment Analysis & Research. He has worked in many reputable organisations such as IMB Securities Plc (a Subsidiary of IMB Plc), Securities Solutions Limited (a Subsidiary of FSB International Bank), FCMB Pension Managers Ltd (Formerly Legacy Pensions PFA).
Mr. Amolegbe obtained a B.Sc and MBA from the prestigious University of Ilorin, Kwara State and also has an M.Sc (Corporate Finance) from University of Liverpool, U.K. He is also an Associate of the Certified Pensions Institute.
He has previously served the Institute in capacities such as the Chairman of the Programmes and Education Committees.
He is happily married with children.
MR. ADEKOJE DAPO DAVID, FCS
Mr. Adedapo Adekoje is the Past President.
Adedapo has held various positions in leading companies including MD/Chief Executive Officer, General Manager, Consultant and Senior Marketing Manager. He is proficient in re-engineering and restructuring companies to boost sales and profitability.
He is a graduate of Hull University and East London University, both in the United Kingdom.
He is a versatile, multi-talented executive and business leader with qualitative experience in management, finance, sales, marketing and administration. He has a proven track record of career success, having put in over twenty- five years in building and leading integrated operations of high profile companies.
An investment and securities guru, Adedapo has vast experience in global capital market operations. In addition, he has built and nurtured client/business relationships throughout his career and has established a robust network of business associates all around the globe.
Experienced in all facets of sales and marketing as well as process, productivity and quality improvement, he is skilled in developing, introducing and expanding new product lines into a competitive marketplace. He also has in-depth knowledge in conceptualizing and developing business opportunities and marketing strategies to help organisations maximize growth opportunities.
Adedapo is happily married with children.
DR. KWARIANGA, UMARU, FCS
BSc. (Hons), MBA, MSc, FCIP, FIoD
He is currently, Chairman Axamansard Pensions PFA; Director Jaiz Bank Plc, Director Kano Electricity Distribution Company (Kano Disco) GMD & CEO Finmal Finance Services Limited.
Dr. Kwarianga served on the Board of Ashaka Cement Plc for over ten years, first as a Director later as Chairman of the Board; Former Director in Lafarge Africa Plc, Central Securities Clearing System Limited (CSCS) and FBN Mortgages Ltd.
He is a holder of higher degrees in Business Administration, Governance and Finance. Dr. Kwarianga has attended high level courses in Corporate Governance, the capital market and Investment in world class institutions including Harvard Business School, New York Institute of Finance, Hawthorne Business School, the University of Philadephia. He is also a Doctor of Bus. Admin (Honoris) from Igbinedion University Okada, Edo State.
Dr. Kwarianga has been involved in policy and strategy formation in both Private and Public sectors through his involvement in the Vision 2020, Presidential Advisory Committee (PAC) on the Nigerian Industrial Revolution Plan (NIRP), as well as being a former Council member of the Nigerian Stock Exchange (NSE).
He is a Member Chartered Institute for Securities & Investment (CISI), UK.
MRS. NKOLI EDOKA, FCS (MBA, MA, ANIM, ACSI
Nkoli is the Managing Director, Cowry Asset Management Limited. She has previously served as the MD/CEO of the Securities Arm of the Company.
She has worked in various capacities with Ideal Securities and Investment Limited between 2004 – 2007 as a Marketing Executive, Operations, portfolio manager and authorized Securities Dealer. She also worked at Primewealth Capital Limited in 2007 through 2012 as Head, Capital Market and Head of Business Development & Securities Trading and Afri-United Services Limited (Maritime) between 2000 – 2004 as Finance personnel.
She holds a Masters degree in Investments & Finance with pathway in Investment Banking & Capital Market from London School of Business & Finance & Masters in Business Administration and Management majoring in Finance from Lagos State University.
Nkoli has undergone many International Training/courses and currently functions as a Council Member of the Chartered Institute of Stockbrokers (CIS), National Advisory Committee Member of the Chartered Institute of Securities & Investment (CISI) UK., Fellow of the Chartered Institute of Stockbrokers, an Associate Member of the Nigerian Institute of Management (chartered) and Certified Pension Institute of Nigeria etc.
Her key area of expertise includes: General Finance, Financial Advisory, Securities Dealing and Asset Management.
MR. GARBA, KASIMU KURFI, FCS
Mr. Kurfi is the Managing Director & Chief Executive Officer of APT Securities and Funds Limited.
Mr. Garba Kurfi is equally a seasoned investment manager with over fifteen years of Capital Markets experience, he worked with NEWDEVCO Investment and Securities Limited from 1994 to 2002 and New African Merchant Bank Limited between 1992 – 1994.
Mr. Garba has a Master’s degree in Accounting from University of Lagos in 1997 and had earlier obtained his Bsc in Accounting with 2nd Class Upper Division from Bayero University in 1987.
He is a Fellow of the Chartered Institute of Stockbrokers, Institute of Chartered Accountants, and an Associate member of Certified Pension Institutes of Nigeria. He was an elected member of The Nigerian Stock Exchange from 2010 to 2014.
Kurfi served on the board of the following companies as
Chairman MTI Plc, Chairman Clayberge Limited, Chairman Mimac Resources Limited, Chairman Aegis Empowerment Initiative (Aei), Deputy Chairman Kurfi Development Trust Funds (Kdft), Director Apt Pension Funds Managers Limited, Director Apt Bureau De Change Limited, Director The Infrastructure Bank Plc.
MR. AKINYEMI ILORI GABRIEL, FCS
Mr. Akinyemi is the Managing Director of Valmon Securities Ltd; a position he has been holding since 2012.
He started his career in Prudent Merchant Bank Ltd in 1990 and moved to Options Securities Ltd in 1993 before joining Kinley Securities Ltd as the pioneer General Manager in 1997. He then moved to Valmon Securities Limited as General Manager in 2001.
He holds BA(Hons) Degree in English from University of Ibadan (1985), Post Graduate Diploma in Financial Management from University of Ibadan (1996) and MBA from Edo State University, now Ambrose Alli University, Ekpoma (1999).
He became an Associate of the Chartered Institute of Stockbrokers in January 1995 and was admitted as a Fellow of the same Institute in August 2010.
He attended various courses on Capital Market Operations both in Nigeria and Overseas. He attended a Course on Trading in Foreign Currencies/Indices with Henyep Investment (Europe) Ltd in London, U.K between November and December 2000. He was also at Mac Robinson College of Business, Georgia State University, Atlanta, USA where he attended a training programme in Integrated Leadership and Business Simulations June 2008.
He served the Chartered Institute of Stockbrokers as an examiner from 2008 to 2013. He also served on the Education Committee of the Institute from 2013 to 2014.
He is currently a Council Member of the Chartered Institute of Stockbrokers.
MRS. ELIZABETH NGOZI EBI, FCS
Mrs. Ebi is the GMD/CEO of Futureview Financial Services Limited.
She is the first female licensed stockbroker and first female founder of an investment banking firm in Nigeria.
She was the MD/CEO of Futureview Securities Ltd, before the holding Company was formed in 2008 to oversee the group’s wider interest in Investment Banking, Oil & Gas, and Agro-Allied sectors of the economy as well as the Commodities and Currency markets.
She had her academic foundation with a first class B.Sc. Degree in Business/Health Administration (Magna Cum Laude) from New York University and obtained an MBA (Finance and Investment) from the George Washington University, USA, in 1980.She is a graduate of the International Banking Summer School, Cambridge University, UK.
Mrs. Ebi is an expert in the structuring, documentation, securitization, marketing of capital market issues and asset & liability management.
She serves on the Board of several companies and institutions including PZ Cussons NigeriaPlc,Redeemers University of Nigeria, African Missions Global, and also as Special Trustee in Africa to the European Economic Development Council (EEDC).
Over the years, she has won several laudable awards for her contribution in the Nigerian Capital Market including her induction into the Nigeria Women Hall of Fame by the National Centre for Women Development, Abuja in 2008.
MRS. LILIAN ULEKHIA OLUBI, FCS
Lilian Olubi – Chief Executive Officer, EFG Hermes Nigeria Ltd.
Lilian is a seasoned Finance and investment professional with over twenty years of Capital Markets experience and notable demonstrated capabilities. She is the CEO of EFG Hermes Nigeria Limited, the Nigerian equities trading arm of the EFG Hermes Group, a leading global financial institution listed on both the London and Egypt Stock Exchanges.
She was the co-founder and partner with Primera Africa Finance Group where she served as Chief Executive Officer of one of the group’s subsidiary companies, Primera Africa Securities Limited before its acquisition by the EFG Hermes Group.
With significant experience dealing with all the investor segments, she began her Securities trading career at CSL (a member of the FCMB group), working in various capacities spanning Operations, Investment Management and Research before joining the Sales & Marketing team.
Prior to Primera Africa Securities, she worked at Afrinvest (West Africa) Limited as Head of its Private Client Services overseeing the marketing functions and initiatives across its branches.
She is a Chartered Stockbroker and Authorized Dealing Clerk of the Nigerian Stock Exchange, an Associate of the Chartered Institute of Securities & Investments UK, Certified Pensions Institute of Nigeria and an alumna of the Lagos Business School.
PROFESSOR TAIWO OLUFEMI ASAOLU (ACS, B.sc, PGD, Csc, MBA, M.Phil, Ph.D, FCA)
He is the first Professor of Accounting of Obafemi Awolowo University.
He was employed by OAU in 1989 as an Internal Auditor 2 and his appointment was transferred to the Department of Management and Accounting in 1993 as a Lecturer One upon his qualification as a Chartered Accountant.
He served as Head, Department of Management and Accounting and Coordinator, Executive MBA Programme for 5 years between 2008 and 2014.
He was elected to serve as the Dean, Faculty of Administration between 2014 and 2016.
He has published over 60 journal articles and textbooks covering different areas of Accounting, Management and Entrepreneurs.
He attended primary and secondary schools in Ibadan and sat for the WASCE in 1980. He attended the University of Ife in 1983 to study Accounting and graduated in 1987.
He completed his PG. D (Computer Science) in 1990, MBA in 1993, M. Phil in 2001 and Ph. D in 2004. He was promoted Senior Lecturer in 1996, Reader in 2005 and Professor of Accounting in 2008.
Prof. Asaolu is currently a Council Member of the Chartered Institute of Stockbrokers and once served as a member of the Governing Board of the Administrative Staff College of Nigeria (ASCON).
Prof. Asaolu has visited countries like USA, UK, Singapore, China, Canada, India, South Africa, Kenya, Uganda, Ethiopia, Ghana, Gambia, Senegal, UAE, etc.
He has successfully supervised more than 30 Ph. D holders and over 200 M. Sc/ M. Phil graduates. 6 of his Ph. D students are full professors today to the glory of God.
Professor Asaolu is married, has 6 children and 4 grandchildren.
MR. ONYEKA JUDE CHIEMEKA, FCS
Mr. Onyeka is the Divisional Head-“Trading Business” of the Nigerian Stock Exchange.
He obtained a Masters in International Law & Diplomacy from the University of Lagos in 2004. He also holds certificates in Senior Management Programme from the Lagos Business School, 2001, and Advanced Management Programme from the University of Oxford, Uk in 2007.
He has participated in Continuing Professional Development trainings such as Oxford Advanced Management Programme (University of Oxford SAID Business School, November 2007), Disruptive Strategy with Clayton Christensen (Harvard Business School, December, 2016), among others.
He served as a member of the Institute’s Annual Conference Committee in 2015. He is a Fellow of the Association of Investment Advisers & Portfolio Managers, an Associate of the Certified Pension Institute of Nigeria and Member, Institute of Directors of Nigeria.
DR. MOHAMMED BASHIR ALIU MOMOH, FCS
Dr. Momoh is the Managing Director, Ali Momoh & Co.
He holds a Bachelors Degree in Banking and Finance, a Post Graduate Diploma and Masters Degree in Economics from Ambrose Alli University. He also holds a Masters Degrees in Legal Studies (specializing in Administrative Law and Public Policy Studies) from Lagos State University and Masters in Corporate Governance and a Doctor of Philosophy degrees from Leeds Beckett University in the United Kingdom.
He has served as an examiner for the Institute since 2000 and a member of the Education Committee for many years. A member of Research and Technical Committee between 2012 to 2014. He is currently the Chair of the Curriculum Development Sub-Committee of the Institute.
Dr Momoh is also a Certified Public Private Partnership Specialist, and member of the Project Management Professional and Project Management Institute respectively.
He is a Fellow Member of the Institute of Chartered Accountants of Nigeria, Chartered Institute of Taxation of Nigeria, Chartered Institute of Arbitrators of Nigeria, Nigerian Institute of Training and Development.
MR. OLAOLU MARTINS, FCS
Mr. Olaolu Martins is the Managing Director/Chief Executive Officer of Nigerian International Securities Limited.
He holds a B.Sc. Degree in Business Administration from the University of Lagos. He is also a co-founder of Bukkha Hospitality Limited and a co-founder of NISL Ventures Limited.
Mr. Martins was a member of the CIS Annual Conference Committee in 2016. He was also member of the Committee for Financial Market at the Nigerian Economic Summit between 2006 and 2007.
He is a fellow of the Institute of Chartered Accountants of Nigeria and Association of Investment Advisors and Portfolio Managers (IAPM).
MR. ADEMOLA SUNDAY BABARINDE, FCS
Mr. Babarinde is the Managing Director/CEO of Reward Investments & Services Limited.
He holds an HND Accounting from the Polytechnic, Ibadan and an MBA from Enugu State University of Science & Technology, Enugu, 1999.
Mr. Babarinde has served in the Institute’s Finance, Continuing Professional Development and Annual Conference Committees.
Mr. Babarinde is an Associate member of Institute of Capital Market Registrars and a Fellow member of the Institute of Chartered Accountant of Nigeria and Chartered Institute of Taxation of Nigeria.