Sunday Ehigiator

The Capital Market Solicitors Association (CMSA) recently held its Annual General Meeting (AGM), marking the end of the two-year tenure of its Chairman, Mr Odiaka Vincent Iweze, thereby electing Simisola Eyisanmi as the new chairman to pilot the association’s affairs for the next two years.

Speaking to THISDAY after the AGM, Iweze highlighted the association’s major accomplishments, including its active engagement with the National Assembly during the passage of the Investment and Securities Bill, which was eventually signed into law by President Bola Tinubu in March 2025.

According to him, “We participated in the public hearing and presented a 29-page memorandum on behalf of capital market lawyers in Nigeria, outlining our reservations and proposed amendments to the bill,” he said.

“The sessions helped practitioners and stakeholders understand the key provisions of the new ISA and how it positions the growth market,” Iweze explained.

On financial performance, Iweze reported significant growth in the association’s finances over the past two years.

According to him, “When we assumed office, the association had about N20 million in its account. Today, we are leaving N44 million plus. We have 137 active members who contribute annual dues, and we also get sponsorships from law firms.  At our business summit, we raised about ₦59 million, spending only N38 million.”