5 February 2013

Nigeria: Oteh Promises to Strengthen Capital Market Enforcement Mechanism

Lagos — The Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh has pledged to strengthen capital market enforcement mechanism.

Oteh said a framework that would enable it address investor complaints effectively and within a minimum time frame had been presented by the commission to the market for stakeholders' input.

She posited that investors' confidence was key to any market and indeed was not unlike trust in a relationship which, once broken, takes a long time to restore because people would like to see what was being done before returning to the market.

It was for this reason that the SEC had ramped up its investor education activities in order to grow investors' knowledge of the market in which they are invested.

She reiterated the commission's advocacy that investors explore collective investment schemes in order to minimize and diversify their risk.

Copyright © 2013 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.