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2017 World Investor Week: SEC Nigeria holds Investors Clinic

Proshare

Monday, October 09, 2017 8.00am/Proshare WebTV

The first ever World Investor Week designed by  the International Organization of Securities Councils (IOSCO), was marked by the 115 member countries across the globe last week (October 2-8th,2017).

In Nigeria a member of IOSCO, the Securities and Exchange Commission of Nigeria organized an investor clinic session, to engage stakeholders in the market ecosystem in Lagos.

It brought together shareholders, stockbrokers, regulators, capital market correspondents and analysts.

The Director, Market Development SEC Nigeria Dr Henry Rowland who represented the Director-General said the investor clinic was designed to promote investor education and protection in the country.

Dr Rowland said during the week, SEC Nigeria organized a financial inclusion awareness programme in Abuja, where it engaged 300 market women, artisans, teachers and entrepreneurs.

He said SEC Nigeria also visited the University of Abuja, to interact with the academia and students sensitizing them on the capital market, investment rights and opportunities.

According to him "The Market women leaders committed to mobilizing their colleagues to access the Collective Investment Scheme in Nigeria".

The SEC Nigeria Director also noted that the sensitization programme created more awareness and interest in the e-dividend registration.

At the investor clinic shareholder group leaders commended SEC Nigeria on its efforts in driving capital market development in the country.

They called for caution on the total electronification of annual reports, demanded dynamic efforts from Registrars to improve the e-dividend process, asked for effective management of the unclaimed dividend issues and a review of the decision that the Chairperson of Audit Committees must be Chartered accountants.

Stakeholders in their remarks called for an integration of the generation X  and the women into the investment space, with increased products that will attract them to the capital market. 

Mr Tunde Kamali Deputy Director, International Relations, SEC Nigeria also shared with stakeholders the key focus of the 10-year Capital Market Masterplan, which is focused on Transformation imperative for the market, Driving capital raising for economic priorities, Aligning capital market to needs of the economy and Improving competitiveness. 

Key players in the capital market who attended the SEC Nigeria 2017 World Investor Week clinic include; Mr Bola Ajomale, MD NASD OTC, Mr Akin Akeredolu-Ale Vice-President, ASHON, Mr Bola Adeeko, Ag MD/CEO CSCS Plc, Dr David Ogogo, Registrar/CEO, ICMR and notable shareholder group leaders like Sir Sunny Nwosu, Mr Boniface Okezie and Chief Timothy Adesiyan.

 

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