Book Presentation: A Nation where Politicians are Richer than Investors Presents a Problem
“If Nigeria is going to get it as a nation, our capital market must be robust”, Senator Ibikunle Amosu has said during his remark at an online book presentation adding that a nation where politicians are richer than investors there is a problem.
Senator Amosu who is the Chairman of the Senate Committee on Capital market, and lead presenter for the book, made this assertion yesterday at the presentation of Financial Intermediation Operations & Practice authored by Chief Seye Adetunmbi, CEO, Value Investing Ltd, under the chairmanship of Dr. Allimi Abdulrasaq, Chairman, Forte Upstream.
According to the Senator of the Federal Republic and former governor of Ogun State, “this is the way to go” promising that the senate will always encourage initiatives like this.
The Chairman of the presentation, Dr. Abdulrasaq while praising the author’s brilliance and accomplishments disclosed that the presentation is unique as the first online book presentation in our clime though the author isn’t a first-time publisher.
Expressing his willingness to support the event, “When he called me for this assignment a few weeks ago, I was very excited at this brilliant service to humanity. The collage of pictures in the book brings back to me the memory of the capital market which I used to be part of and still a part of it. The book shows how it has it grown and tries to establish pathways to the future”, the Chairman of Forte Oil said.
The book reviewer, Bola Ajomale, CEO, NASD Plc while performing his role describes the book as a fantastic work on operational works in financial intermediation. A recollection of the era that is past and people involved or interested in the market. Though he finds the book fairly distracting once in a while, the author made up for this as he expertly transcends it from a textbook approach as displayed in the 1st two sections to recommendations while touching on the possibilities that will happen in the market.
The 14th chapter, to the Reviewer, is his favourite as it features lectures showing pathways or road maps. Summing it as an “Excellently punctuated book, a great work in academic exercise” while recommending it as a “wonderful addition to anyone’s library”, the Reviewer concludes, “In the end, this book should have a multiplier effect on employment.
Speaking on the motivation for the book, the Author explained that he felt the need for the book in 1990 when he joined the capital market. “I realised the need for a guidebook for market operators, so I started taking notes. Books like this are good and strategic for the market, makes it easy for investment bankers to do their jobs. He added that Mindscope Africa, his publishing arm, is getting better as publishing concern.
While presenting the book, the Chairman commended the publisher for seeing the need for the book. Disclosing his fascination by the beautifully packaged compendium, he particularly applauded the 15th chapter where the Author declares his hope, aspiration for the industry. He lauded the publisher’s unhidden emotional passion and quest to move Ekiti State (his home state) forward, urging all to learn from this.
“The book displays arrays of historical and empirical knowledge about the Nigeria security markets. A number of activities I participated in and I still participate. I congratulate ‘Seye and urge him to commence work on the sequel. I am delighted to present and recommend this book to practitioners, investors and students”.
Oscar Onyema, CEO of NSE says the book will fill a lot of vacuums that exist –when we talk of the capital market in Nigeria. “Very apt that such experiences are documented in a book that many generations yet unborn will yet meet and find useful”. He commended the Reviewer’s deftness and ability to review over 300 pages in less than 10 minutes.
For Lamido Yuguda, DG, SEC sees it as wonderful book, a good explanation of the things we do in the capital market. “It educates the public on what we do, a major contribution to the things we could do better as it shows lots of investment opportunities, securities that could be packaged for the publics as new assets that could be invested in. We need to do a lot more of this in terms of bringing people back to the market”, he noted.
Arunmah Oteh, Oxford faculty, former DG, SEC expresses that it’s a timely book post this unprecedented crisis that we have. According to her, it’s no longer tenable for Nigeria to depend on foster fuel. Hence, recommending the capital market as the way forward for a very vibrant for country. “I am absolutely delighted about what this book can do for us. The first line of defense is investor’s knowledge – it gives wise nuggets on this adding that the Author is “a role model worthy of emulation”.
Atedo Peteside, Chairman, ANAP Foundation, who actually wrote the foreword as against his normal trait says Seye comes across as a perfect gentleman. “I am glad I did it” he reiterated, announcing that the book which he read in-to-to is a combination of theory and history of the capital market. I commend him for having the courage and commitment to doing this”, he commented.
Also presenting the book another special guest of honour, Dr. U. J. Itsueli, President of the Old Students Association of Christ School, Ado-Ekiti, (the Author’s alma-mata) describes the book as a very appropriate and useful guide for navigating the market as a non-operator. Alluding to a quote on making investments by Warren Buffet on page 2 of the book, claimed that he expected no less from ‘Seye who is an alumnus of Christ school.
In his closing remark and submission at the Zoom book presentation, Senator Olubunmi Adetunmbi, elder brother of the Author, commended the book as a milestone book which is well received by captains of the market particularly that the book is being launched on the Author’s birthday.
Other dignitaries at the presentation include Mr. Biodun Shobanjo, Chairman, Troyka Holdings, Femi Awoyemi, CEO, Proshare and Moderator of the presentation event, Deputy Governor, Kwara State, Kayode Alabi and his Osun State counterpart, Gbenga Alabi among others.