The Securities and Exchange Commission (SEC) Nigeria, has restated its determination to improve investors’ confidence through various initiatives currently being implemented as part of the 10-Year Capital Market Master Plan.
Giving the assurance while receiving her award for Exemplary Leadership given by the West African Student Union Parliament (WASUP) in Abuja, the Acting Director General, Ms. Mary Uduak, said that the management would continue with the implementation of policies that would deepen the market and boost the nation’s economy.
She assured: “The Master Plan will continue to be our working document and we shall continue to implement initiatives that will promote investors’ confidence such as E-Dividend registration, Direct Cash Settlement, Dematerialization, Complaint Management Framework, Financial Literacy and Investors’ Protection Fund, among others.”
The investment expert urged investors who were yet to register for e-dividend and those that had not regularized their multiple accounts to do so.
Uduak said: “Forbearance window for shareholders with multiple accounts has now been extended to September 2018. Registrars have acknowledged that investors have started coming forward but there are still some challenges in the process.
We are working hard to address those challenges and that is why we encourage all affected investors to come forward and take advantage of the window before the new deadline”, she added
Earlier, the representative of the Chairman of the Union, Kobehi Kossa , commended the SEC boss on her efforts in trying to boost investors’ confidence in the market
He explained that the aim of the union was to promote the welfare of African students, in serving as a school for the training of political cadres and leaders, in raising the political and national consciousness of the West African people.
