Fman crypto12/20/2023 CFA Society Nigeria working with FMAN and CFA Institute – represented by Iain McAra – will make this a reality. You can watch a recording of the session here.Īccording to Sade Odunaiya, CFA, the founding President of CFA Society Nigeria and current Chair of the Advocacy Committee, “We have given ourselves a 365 day challenge to increase the number of AMC compliant firms in the African region, and Nigeria in particular, to 10. This session for operators recorded 206 attendees. The agenda included a session for each of the African societies to share their unique AMC journey and status in their countries. The workshop for operators was hosted in partnership with FMAN and the organization invited their members-asset management firms-to the event. The CFA Society network worked together with the support of Iain McAra, Director, Global Industry Standards, EMEA to develop an event objective, agenda, invitation letter/email templates, social media creatives and set up a registration page on the Zoom account provided by CFA Institute. Attendees from the other African countries also contributed to the event, including representatives from the Nairobi Stock Exchange. The closed session for regulators recorded 149 attendees. CFA Society Nigeria partnered with the CFA Society ® community in the region -namely CFA Society East Africa, CFA Society Ghana and CFA Society Mauritius-to host two separate AMC-focused workshops one for regulators and one for operators.Īt the workshop for regulators, the Nigerian regulators in attendance were the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN), Nigerian Exchange Group (NGX), Federal Mortgage Bank of Nigeria (FMBN), National Pension Commission (PenCom), National Insurance Commission (NAICOM) and the Nigeria Deposit Insurance Corporation (NDIC). In a bid to reach more firms, the local society decided to host a virtual "African Regional Asset Managers Code Workshop for Regulators and Operators" in November 2021, with the assistance of the CFA Institute EMEA office. The firms that responded to this initiative were sent follow up correspondence with the AMC compliance toolkit, comprising mapping tools, guidelines, and sample policies to get them started. In 2021, this subgroup reached out to 76 Nigerian asset management firms to introduce the AMC, share the benefits of adoption, allay any concerns about cost of adoption and field questions from the firms. To further drive promotion of the AMC and GIPS standards among investment management firms, the CFA Society Nigeria Advocacy Committee created a Trustworthy Industry Subgroup. The local society recently held a Pan-African Workshop on adoption of the CFA Institute Asset Managers Code (AMC) which strengthened its partnership with the Fund Managers Association of Nigeria (FMAN) and raised the profile of the code in Nigeria. "When confronted in a robbery, members of the public should remain calm, take note of the physical appearance and distinctive features of the perpetrator, and call for the police as soon as possible," said the police.CFA Society Nigeria continues to promote the CFA Institute investment industry codes and standards in the Nigerian and African investment management space by advocating for a financial services industry where client interests come first. The police advised people against carrying large amounts of cash in public. If convicted of robbery, a person can be jailed for between two and 10 years and given at least six strokes of the cane. Police investigations against the 27-year-old man are ongoing.įirdaus and the teenager were remanded for investigations, with permission to be taken to the scene of the incident. Police later identified and arrested two men who are believed to be linked to the case – Firdaus and a 27-year-old man. He was detained with the help of two men and a woman, and was arrested by the police. The boy took out a kitchen knife, but dropped it, the police said. The victim gave chase and stopped the teen. The teenager allegedly fled with the cash while counting it. On the instructions of the stranger, the victim met up with the 16-year-old to hand over cash amounting to S$81,060. He cannot be named under the Children and Young Persons Act as he is under 18.Īccording to a police news release, the 33-year-old victim received an offer from a stranger on Telegram to trade crypto tokens for cash. The boy was given a similar charge over the alleged robbery that took place between 11am and 2pm on Nov 19, at Block 199A, Punggol Field. SINGAPORE: A man and a teenager were charged in court on Monday (Nov 20) with conspiring to rob a man who tried to use S$81,060 in cash to trade for crypto tokens.įirdaus Muhammad Abdul Aziz, a 33-year-old Singaporean, is accused of abetting a 16-year-old boy so that the boy robbed the victim of the money.
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