Feelere that I am getting show that some members of this association are going around and calling me names
They say that I am being sponsored to do a hatchet job and that I was delisted as their member cos I am a chronic debtor
Let me address the chronic debtor part first
I am a qualified stockbroker who traded for Unex Securities and worked in Consolidated, BGL, Investment One and Aquila before i co founded Hamilton and George and now founded Barnaby&Edgar an Advisory Firm.
My CIS number is 456, if I can still remember it.
I took the qualifying exam and passed very glowingly and got a hug from market legend Ndi Okereke, who was so impressed that a Political Science graduate could get above 70% in the Exams.
Such great brokers like Dr Laolu Mudashiru, Abiye Karibi-Whyte and a host of others qualified with me at the time
I traded on the floor of the Lagos stock exchange and proved my mettle, hence my speedy rise in the profession
When I got to BGL, it dawned on me that the superstars of that legendary company never traded
Albert, Chibundu, Henry, Dr Chris, Enahoro and a host of very brilliant investment bankers never traded, and I wondered why
This was so bad that the Exchange made a rule that all CEOs must trade on Tuesdays – if I can remember
The reason for this was apparent. The significant transactions were on the streets and in the boardrooms and not on the floor.
That is where the action was, and it was only after the deals were closed that the transactions were brought to the market to be crossed or dealt
I jumped very strenuously into Sales and did all the huge transactions that I could find
I once lost a whopping N3. 2b in a transaction that could have cost me my job, but was saved by Albert Okumagba, and this showed the lion’s heart that I pursued the market with
In no time, I made ED of BGL Asset Mgt, which at that time was one of the biggest, and from there I made DMD of BGL Securities under supremely brilliant Sunday Adebola, who was my junior but earned my respect
My career trajectory since BGL has moved me further and further away from Stockbroking, my first love
It is as a result of this that my relationship with the Stockbrokers’ body also went blank
I last traded as a stockbroker at Unex Securities about 20 years ago
So you can imagine, to my surprise, when I got a letter last year telling me to pay annual dues in 24 hours or be delisted
I called the Oga there and asked – I never hear from you in 20 years, you come go calculate annual dues for all of those years, say make I pay in 24 hours
I am not a practising stockbroker; what I do is peripheral, which is advisory, so why am I paying this kind of money
So I told the man to mbok delist me, and he went ahead to delist me
Now cos I am asking very salient questions, some of them are now bandying it all over the place that I am a serial debtor
It’s that Jude name that I mentioned that is causing all these ones now
I hear he represents them on the Board, and as such, they must stand by him
To be fair to the leadership of the CIS, I have not received any official appriach from them on this matter. It’s just some potbellied members who are trying to drag me into the mud
However, the seeming silence of the CIS on this matter, which directly affects its members – 40% of Stockbroking firms have died – reveals the kind of association they are.
The issue is so germane to the survival of the market that the very forthright DG of the SEC, Dr Agama, quickly put in a call to me, mentioning that he would soon trigger a Liquidity conference to discuss the matter.
Some elements in the leadership of the NGX have also reached out, and to the best of my knowledge, the CIS remain mute, leaving their members to abuse me as if I am the source of their problems
If they want to fight, they can come o as I will use one hand to swat all of them without being distracted from my fight with Dapo, who has deployed all major news outlets to abuse me today.
When CIS members are ready, they can come and engage in combat.
These ones cannot beat me
Kai
Duke of Shomolu
Last modified: January 7, 2026
