The Securities and Exchange Commission (SEC) has reaffirmed its commitment to investor protection and strengthening the Nigerian capital market through revamped investigative and regulatory processes.
In a New Year message, SEC Director-General Dr. Emomotimi Agama outlined the Commission’s plans to enhance efficiency in tackling market offenses, with a particular focus on insider trading. He emphasized that insider trading undermines market integrity and pledged to strengthen detection, prevention, and enforcement mechanisms in 2025.
Prioritizing Market Confidence and Transparency
Dr. Agama underscored the critical role of enforcement in restoring and maintaining confidence in the capital market. “Enforcement is the backbone of effective regulation and is essential for building trust,” he stated.
The SEC also plans to introduce measures aimed at boosting transparency, which Dr. Agama identified as vital for improving investor confidence. These initiatives will focus on ensuring greater visibility in securities transactions and enhancing overall trust in the market.
Enhancing Dispute Resolution and Commodities Market Framework
To improve fairness and efficiency, the SEC will strengthen the operations of the Investments and Securities Tribunal, facilitating timely resolution of market disputes.
Additionally, the Commission intends to prioritize reforms in the legal framework governing the commodities market. Dr. Agama highlighted the significant economic potential of Nigeria’s agrarian economy, noting that a robust commodities ecosystem could be a critical driver of economic growth.
“The SEC is committed to leveraging Nigeria’s comparative advantage in agriculture to foster development and create opportunities within the commodities market,” he stated.
Collaboration for Market Growth
As the SEC sets its vision for 2025, Dr. Agama called on stakeholders to collaborate in creating a fair, transparent, and inclusive capital market. He stressed that these initiatives aim to unlock the full potential of the Nigerian capital market, paving the way for a more prosperous economy.
“Together, we can transform the Nigerian capital market and make 2025 a defining year for our economy,” he concluded.
With these initiatives, the SEC reaffirms its role as a pivotal partner in Nigeria’s economic development and its commitment to fostering a resilient and investor-friendly market.
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