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Global Money Week 2022: FMAN Sensitizes YABATECH Students on Smart Investment Principles

Mar 31, 2022   •   by Proshare Research   •   Source: Proshare   •   eye-icon 183 views

ThursdayMarch 31, 2022 / 01:55 PM / by FMAN / Header Image Credit: FMAN

As part of the events to commemorate this year’s Global Money Week, the Fund Managers Association of Nigeria (FMAN) sensitized the full-time final year (HND 2) students of the School of Management and Business Studies (SMBS), comprising five departments which are Accountancy, Business Administration, Banking and Finance, Marketing and Office Technology of Yaba College of Technology (YABATECH), on the need to be smart about money, as a panacea to building a brighter future. 

The event which took place in the lecture hall of SMBS had in attendance the leadership of FMAN represented by the President, Mrs. Tope Omojokun, and the Chairman of the Technical Enlightenment Committee (TEC), Mr. Lanre Mohammed. The school's principal administrators were equally present, ably represented by the Deputy Registrar of the institution, Mr. Omopariola. 

The event had different sessions including a 20-minute presentation on the topic: The Rise of Gen Z Investors which was delivered by Mrs. Laura Fisayo-Kolawole CFA, followed by a Q and A session that afforded the students the opportunity to ask questions about investments in the capital market. The twilight of the event was a quiz session that saw the emergence of five contestants who collectively went home with prizes between N25,000 and N200,000 each. There were other freebies for the students as well. 

Commenting on the event, the President of FMAN, Mrs. Omojokun urged the students to imbibe the habits of investing and diversifying their portfolios and risks. She urged them to do diligent research before investing and stay clear from Ponzi and other illegal money doubling schemes. 

Speaking further, she said: ‘’In line with one of our mandates of promoting investment education, we have decided to come here to sensitize you all on the need to inculcate a consistent and healthy investment habit. Doing this will guarantee your future, she concluded. 

The President also thanked all the attendants, especially the students, and urged them to practice all they learnt during the interactive lecture. She ended by congratulating the prize winners. 

Ms. Omoshalewa Ogunbiyi, an HND 2 student of Accountancy, emerged as the overall winner of the quiz, carting home a total of N200,000. The elated student thanked FMAN for the initiative and promised to invest part of her prize money in her small business. She was advised to consider re-investing some of her profits in mutual funds to grow her wealth and diversify risks.  

The first, second, and third runners-up of the highly contested quiz were awarded N150,000, N100,000, and N50,000 respectively while the fourth contestant was compensated with a cash prize of N25,000.  

Currently in its tenth year, this year's Global Money Week was held from March 21 to 27, with the theme: ‘'Build your future, be smart about money.

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