Chartered Institute of Stockbrokers (CIS), has signed a Memorandum of Understanding (MoU) with a leading technology and Cavidel Limited, consulting company, to automate its business processes in line with the global best practices.
By the MoU, signed attracted all the Institute’s Principal Officers, Cavidel’s activities will cover all aspects of the Institute’s operations.
Speaking at the ceremony, Mr. Olatunde Amolegbe, president and chairman of Governing Council of CIS, expressed delight that the MoU had become a necessary step towards efficiency and effectiveness of the organisation, saying it would enable Cavidel to showcase its strength in the area of automation.
“We at the Institute hope that Cavidel shall deploy its wealth of experience to do a thorough job that would align the Institute’s work with the global best practices. The MoU would enable Cavidel to showcase its competence in automation, add value and create a positive impact on the Institute’s business. The Institute would also be delighted to see additional contribution made by Cavidel, especially, those that are not stated in the MOU. There will be a Committee of the Council to supervise Cavidel’s activities and report back regularly,” Amolegbe said.
Responding, Mr Dipo Odeyemi, managing director and CEO, Cavidel, said, the company could deliver the project beyond the Institute’s expectation.
According to him, we promise to deploy our expertise and experience in delivering this project. We shall create more opportunities for the Institute to promote its services and have competitive advantage in Nigerian economy. Our goal is to make the Institute proud as a formidable organisation in the Nigerian capital market.
