SEC Offers Partnership, As IST Seeks Strengthening, More Funding

The Securities & Exchange Commission (SEC) and the Investment & Securities Tribunal have agreed to partner for the protection of investors and sustenance of the confidence in their desire to curb market infractions as the Nigerian market grows and becomes more sophisticated.
To achieve this however, the IST says its operations need to be strengthened, if it must function effectively and better, according to Isaiah Idoko-Akor, Chairman of the IST, when he led a team to visit Dr. Abdul Zubair, the Acting Director-General of the SEC on his assumption of office
Congratulating the Dr. Abdul Zubair, Idoko-Akor expressed the confidence of the Tribunal in his ability to move the market forward, commending the SEC for all its support for the tribunal in the discharge of its duties.
“IST is serving the market, it is very important to the market and that is why we commend SEC for its support to the IST,” he said.
He urged for more support to avoid hitches in the efforts of the Tribunal discharge its mandates effectively, commending the commission on various initiatives it has rolled out, also called for increased enlightenment and sensitisation of the investing public especially as it relates to seeking redress on issues relating to the capital market.
Responding, Dr Zubair expressed readiness to partner with relevant bodies in its quest to ensure zero tolerance on infractions in Nigeria’s capital market and to ensure that perpetrators of fraudulent acts are brought to book.
He stated this when the chairman and members of Investments and Securities Tribunal, IST, visited him in his office in Abuja.
He told the IST team that the SEC has been embarking on a number of initiatives to protect the investors in the market and ensure that they reap the benefits of their investments.
“SEC has rolled out a number of initiatives and campaigns which have been yielding results. These initiatives are to ensure that investors are aware of what to do to protect their investments”,
“The e-dividend is one of such campaigns and we enjoin investors to key-in so that they can reap the benefits of their investments” he added.

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