Daily Trust (Abuja)

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.

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