The Federal Government of Nigeria has appointed Dr. Abdul Zubair, the acting Director General of the Securities and Exchange Commission (SEC) with immediate effect.
He was before the appointment, the Director in charge of External Relations in the Commission.
In view of the foregoing, the SEC Nigeria, wishes to assure the investing public and all stakeholders, local and international, of its commitment to ensuring the uninterrupted and orderly operation of the market and the regulation thereof.
Accordingly, the Commission is poised to continue to ensuring the stability of the Nigerian capital market and sustaining the all-time high level of investor confidence, as recent developments will not be allowed to disrupt the regulatory effectiveness and efficiency of the Commission as the statutory regulator of the capital market and by extension, the smooth running of the market.
While the Commission patiently awaits the outcome of the assignment of the Administrative Panel of Inquiry set up by the Honourable Minister of Finance, at no point will Management allow the operational independence of the Commission to be compromised. This is strictly in line with the objective and principles of securities regulations as set out by the International Organisation of Securities Commissions (IOSCO), to which Nigeria is a signatory.
No comments:
Post a Comment