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CISIM Bill’ll Be Counterproductive If Passed Into Law – CBAN
By Ebriku John Friday
Commodity brokers under the auspices of Commodity Brokers Association of Nigeria, CBAN, has raised the alarm that the Chartered Institute of Securities and Investment Management, CISIM, bill, if passed will be counterproductive as it will negatively impact and create confusion in the financial sector which existing laws and bills already regulates activities.
This was contained in a statement signed by the President, CBAN, Hon Alrine Shehu Kajiji former Member House of Representative from Sokoto), where it described the CISIM bill as not relevant and controversial sponsors of the bill want to create and destabilize the economy.
The statement referred the National Assembly to the Chartered Institute of Commodity Brokers of Nigeria, CICBN, bill which is already in process of being signed into law that was sponsored at House of Representatives by Hon M. Abdullahi, while at the Senate by then senate leader and now President of the Senate, Senator Ahmed Lawal.
The statement reads in part, “A modification of Chartered Institute of Securities and Investment Management Bill (CISIM BILL), it will be counterproductive to the Nigerian Economy for the National Assembly to pass the said bill into law.
“Moreso, it will conflict many existing laws and Bills that have passed through lot of process of NAS, for example, the Chartered Institute of Commodity Brokers of Nigeria, sponsoredat Green chamber, Hon M. Abdullahi, while at Red chamber by then senate leader, His Excellency, Dr Ahmed Lawal, now President of the Senate.
“We want to mention that such moves to pass this bill into law will hamper the economic development and counter-productive to the financial sector.
“There is no reason to justify the bill currently CISIM Bill as sponsors of the bill claim when passed into law will bring capital market professionals under a common objective without encroaching on one another’s business, make regulation easier, and enhance global competitiveness.
“We do not see reason why a bill as this stating that ‘CIS provides that individual operators that deal in securities, including Stocks, Treasury Bills, Bonds, Commodities etc shall be trained and certified by the Institute’ on what grounds when there is already a bill at the National Assembly to that effect.”
The statement also added by appealing to the President of the Senate, Sen Ahmad Lawal, “We want the President of the Senate to closely assess and look into the prosposed CISIM bill as a way to create confusion and cause disaffection in the financial sector before it is too late because it is not in the interest of a stable and well regulated financial sector. We want NASS to wake up against the bill.”
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NDDC At 25: Cross River’s Cynthia Oloko, 19, Emerges Second Place Winner At Miss Niger Delta 2025
...Deputy Governor, APC Chairman, and Senators Celebrate Her with Generous Cash Gifts
Miss Cynthia Iyowogoga Oloko, a 19-year-old from Cross River State, has emerged as the first runner-up (second place) at the Miss Niger Delta 2025 beauty pageant. The event, held in Port Harcourt, Rivers State, was part of the 25th Anniversary celebrations of the Niger Delta Development Commission (NDDC).
Cynthia, a final-year student of Rivers State University of Science and Technology, where she studies Human Anatomy, competed alongside nine other contestants representing the nine states of the Niger Delta—Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers.
Crowned with the title “Pride of the Niger Delta”, Cynthia received a cash prize of ₦7.5 million for placing second in the pageant.
In recognition of her achievement and the pride she has brought to Cross River State, several political leaders and dignitaries extended their support. The Deputy Governor of Cross River State, Rt. Hon. Dr Peter Odey, gifted her ₦3 million, the APC State Chairman, Barr. Alphonsus Ogar Eba, Esq., JP, contributed ₦1 million, while the state’s two Senators jointly supported her with another ₦3 million—bringing her total cash reward to ₦14.5 million.
According to the organisers, all nine contestants underwent intensive training and were empowered with skills and starter kits to help them become self-reliant and impactful in their communities.
The Miss Niger Delta pageant is designed not just as a beauty contest, but as a platform to empower young women across the region. It aims to nurture leadership, entrepreneurship, and community development among participants. The initiative is rooted in the belief that empowering women is key to building stronger families, communities, and society at large.
Many past participants have gone on to become successful entrepreneurs and community leaders. The programme, sponsored by the NDDC, is part of its commitment to identifying and nurturing young talents in the region.
This year’s overall winner received a brand-new car and ₦10 million, while the second runner-up (third place) received ₦5 million. The remaining six contestants each received ₦1 million as a consolation prize.
Miss Cynthia Oloko was born in 2005 to Engr. and Mrs Cosmas Oloko Ekawu. She attended Trailblazers Academy in Gwarinpa, Abuja. Her hobbies include swimming, running, networking, and travelling. She aspires to build a career in entrepreneurship and politics, with a strong passion for leadership and community development.
Congratulations Miss Cynthia
The Chairman of Yala Local Government Area, Cross River State, Hon Dr Fred Okem has dissolved all revenue agencies operating in the Council with effect from 31st December 2024.
Hon Dr Fred Okem, Chairman Yala Local Government Area
This was contained in a release on Monday 6th January 2025 by the Chief Press Secretary, Emmanuel Unah.
The Chairman also cautioned that anyone who flouts the directive would be handed over to the security agencies for proper action in line with relevant laws.
The local government helmsman is expected to reposition the revenue agencies with the aim of boosting internally generated revenue in the council for adequate measures towards the development of Yala in line with the People First Agenda of the State government.
The Chairman of the Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Council, Ms. Grace Ike, has been named Nigeria’s Media Personality of the Year 2024. This prestigious recognition was conferred by the Editorial Board of Good Governance Today Nigeria at a grand ceremony held at the National Merit House, Abuja.
NUJ FCT Council Chairman, Comrade Grace Ike
In addition to the honour, Ms. Ike was inducted into the Good Governance Today Nigeria Hall of Fame—a testament to her exemplary contributions to leadership and professional journalism in Nigeria.
The award acknowledges Ms. Ike’s uncommon leadership qualities and her unwavering commitment to advancing journalism as a tool for national development. Her selfless service to humanity, her state and the nation has made her a beacon of hope and inspiration for many.
Speaking at the event, the organiser and the managing editor of Governance Today , mr Sylvester Abudu Omose commended Ms. Ike’s visionary leadership and her remarkable strides in reshaping the landscape of journalism in Nigeria. Her relentless dedication to using journalism to advocate for transparency, justice, and public enlightenment was described as both inspiring and transformative.
“Ms. Grace Ike’s achievements transcend the ordinary. She has redefined what it means to serve humanity through journalism. Her work exemplifies the power of the media in fostering societal progress and governance,” the board stated.
In her acceptance speech, Ms. Ike represented by one of her media aides, mr Ademola Adepoju expressed her gratitude for the recognition and attributed her success to the collective efforts of her team at NUJ FCT Council and the support of stakeholders in the journalism community. She reiterated her commitment to promoting ethical journalism and upholding the values of truth, accountability, and service to humanity.
“This award is not just a recognition of my efforts but a call to do even more. Journalism is the lifeline of democracy, and we must continue to use it to uphold justice and transparency for the betterment of our society,” Ms. Ike remarked.
The event was attended by dignitaries from the media, government and civil society, who lauded Ms. Ike’s achievements and pledged continued support for initiatives that promote good governance and ethical journalism in Nigeria.
As Ms. Grace Ike steps into the Good Governance Today Nigeria Hall of Fame, her legacy as a leader, journalist, and advocate for humanity continues to inspire a new generation of professionals committed to making a difference in their communities and the nation at large.
