26 June 2012

Nigeria: SEC Vows Not to Spare Erring Operators

The Acting Director-General of the Securities and Exchange Commission (SEC), Mr. Ibrahim Bolaji Bello, has warned capital market operators to put their houses in order and desist from market infractions as erring operators would not go unpunished.

Bello who held a maiden meeting with the major operators in the market, also disclosed that his priority was to stabilise the nation's Capital Market and restore it on the path of growth.

He encouraged operators to forward to him their challenges and inputs on how to move the market forward, saying that his mandate from the Federal Government through the Finance Ministry is to stabilise the market and put it back on the path of growth within the shortest possible time.

This, according to him, would be done through collaboration with various stakeholders in the market and the immediate adoption of some quick-win strategies part of which he explained to the market operators over the weekend.

He appealed to the stakeholders in the market to support the quick-win strategies to be introduced soon and vowed to collaborate with them for the success of the capital market.

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