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Emomotimi Agama, the Director General of the Securities and Exchange Commission (SEC), has emphasized the importance of investor education for the growth and development of Nigeria’s capital market.
During a meeting with the management of the Investments and Securities Tribunal (IST) in Abuja, Agama highlighted the knowledge-driven nature of the capital market. “We need to maintain continuous education in the capital market,” he stated. “The market is knowledge-based, and we are committed to ensuring that information is accessible to the investing public.”
Agama, recently confirmed as the SEC DG, also reaffirmed the commission’s dedication to working with stakeholders. “The commission will continue to partner with relevant stakeholders to create more learning opportunities. We will increase training and sensitization efforts because continuous learning is essential.”
He noted that decisions on cases by the IST contribute significantly to market confidence and overall growth. “The SEC is committed to partnering with the IST on the dispensation of justice and the growth of the capital market.”
Amos Azi, Chairman of the IST, echoed Agama’s sentiments on investor confidence, stating, “This initiative has set the pace for similar regulatory climbs worldwide. The tribunal is the cornerstone of dispute resolution in the Nigerian capital market.”
Azi also highlighted the tribunal’s impact, noting, “Established under S.274 of the ISA 2007, the Tribunal has delivered judgments on over 480 cases with a monetary value exceeding N868bn. The creation of the Tribunal boosted the international recognition of the Nigerian capital market. You will recall that the existence of the Tribunal was one of the factors considered by the International Organisation of Securities Commissions in admitting Nigeria’s SEC as an ‘Appendix A’ signatory to its multilateral memorandum of understanding in 2006.”
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