Nigeria: Zero Allocation to SEC May Cost Nigeria Over N1 Trillion - Analyst

20 February 2013

Unless the National Assembly reversed its decision on exclusion of the Securities and Exchange Commission (SEC) from the 2013 budget, the economy may lose over N1 trillion, a financial analyst has said.

The chief executive officer, Lambeth Trust & Investment Company Limited, Mr. Lambeth Adonri, speaking to Leadership exclusively, said the zero allocation to SEC by the National Assembly was impacting negatively on the effectiveness of SEC's regulatory supervision of the capital market.

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