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ETB boss addresses financial market dealers on infrastructure

By Babajide Komolafe
Managing Director/Chief Executive Equitorial Trust Bank, Mr. Ike Oraekwuotu, will address the quarterly general meeting of the Financial Markets Dealers Association (FMDA) on  “Banks and Infrastructure Development: A case for the use of Bonds”.

The bank is also hosting the quarterly general meeting, the first after the association  changed its corporate name from the Money Market Association of Nigeria.

The meeting essentially is to discuss issues affecting treasury activities in view of the current happenings in the financial system and how this has affected the treasury operations of banks, discount houses and other financial institutions in the country.

Oraekwuotu expressed his pleasure  towards the Association for nominating the bank to host what he described as strategic meeting after the name change.

He described the development as a sign of respect that the Association has for the bank and assured all participants of a thrilling time during the sessions.

The meeting, which will hold on Thursday, August 27, 2009 in Lagos, will have the management of the bank and other distinguished guests from oil and communication sectors in attendance.

The bank in a statement said that the hosting of the meeting is in line with its aspiration to identify and support the Association in deepening its role in the financial service sector and further position it to foster professionalism and develop the financial markets in Nigeria.

“Besides, the bank would like to assist the Association in achieving its objective of establishing itself as an influential self-regulatory body that is a reference point for credible economic information, committed to people and market development in Nigeria.”, the statement added.

Membership base of the Association consists of 40 institutions of banks, Discount Houses and other non-financial institutions. The Association recently facilitated the formation of ACI Nigeria, an affiliation to ACI- The Financial Markets Association, Paris.


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