Monday, April 23, 2018 3.00PM / Proshare
With the recent developments around the
leadership of the Apex regulator of the Nigerian Capital Market- The Securities
and Exchange Commission, Shareholder group leader Mr Okezie Boniface has called
on the Federal Government to constitute a board for the commission.
In a recent interview with Proshare WebTv Mr. Boniface
said It was unfortunate that SEC Nigeria had no board at the moment, and the
last Chairman of the Board was Mr. Peter Obi (former Anambra State Governor)
who was appointed in 2015 and spent only one month in office.
He was concerned that the current administration,
despite appointing boards for other critical parastatals and agencies, did not
give attention to that of SEC. gave a brief insight on development of Oando
issue and the SEC Nigeria.
Mr Boniface said “The government has no interest
in developing the economy and the capital market, the economy cannot develop
without the capital market and it is very unfortunate that our government
doesn’t take seriousness in developing the capital market”.
Speaking further, he asserted that the government
raises bonds and money in the capital market, but has refused to
take the capital market serious.
On the reassignment of portfolios and appointment of
Ms Mary Uduk as the Acting Director General, Okezie was of the view that SEC
Nigeria is a team work, and frowned at frequent interference in the market.
He believed that the undue interference from the
government, could undermine and destroy the capital market, which is a
barometer for the growth of an economy.
Mr Okezie also called on the government, to appoint a
substantive Director General for SEC Nigeria, to instill confidence in the
The shareholder group leader said he wanted SEC
Nigeris to return back to the days of the Suleiman Ndanusa led-board, where the
Nigerian capital market achieved remarkable transformation.
Finance Appoints Mary Uduk as Acting DG of SEC, Redeploys Dr. Abdul Zubair
2.FG appoints Dr
Abdul Zubair as Acting SEC DG
Minister of Finance Suspends SEC DG, Two Others
Registration to Continue – SEC Nigeria
5.SEC Nigeria says
it has robust rules, to attract key listings in the Nigerian capital market
Investor Week: SEC Nigeria holds Investors Clinic
7.SEC to launch
Market Development Fund, with N5ml seed capital
Proposed New Rule and Sundry Amendments to the Rules and Regulations of SEC