Acting Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama, has called on relevant stakeholders in the capital market to join in the Commission’s fight to reduce unclaimed dividends. He also seeks their support in containing all forms of market infractions.
Speaking during a meeting with the Association of Securities Dealing Houses of Nigeria in Abuja, Agama described unclaimed dividend as a monster in the capital market which must be tackled swiftly.
He, however, assured that every unresolved issue ranging from unclaimed dividends, which he calls the big elephant in the room, and other related market issues will be addressed in the shortest time possible. He stated: “We cannot continue to do a thing in a particular way and expect a different result. You need to strengthen the institutions under you and know who you are leaving behind to continue theIn his remarks, the Chairman of ASHON, Mr. Sam Onukwe, applauded President Bola Ahmed Tinubu for appointing Agama as the Director General and the three Executive Commissioners describing it as indeed a renewed hope for the Nigerian Capital Market and the economy.
Onukwe expressed his belief that Dr. Agama and his team will bring their outstanding wealth of experience to bear in the growth and development of the capital market and the advancement of the Nigerian economy as a whole. He said, “In my lifetime, this is the first time the board of SEC is chosen from the system”, emphasizing that it is an opportunity for the Team to chart a new course for the capital market.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Binance operations breached Nigerian law — SEC directorA Director with the Securities and Exchange Commission (SEC), Abdulkadir Abbas, detailed how Binance Holdings Ltd breached Nigerian law to
Read more »
Court adjourns suit seeking sack of BPP Director-General, AhmaduAn Abuja Federal High Court has adjourned a suit seeking the removal of the Director General of the Bureau of Public Procurement (BPP), Mr Mamman Ahmadu.
Read more »
Lagos Sports Commission Director-General pledges support for Surulere road raceThe Director-General of the Lagos State Sports Commission, Lekan Fatodu, has pledged his support for the maiden Surulere Marathon organised by private companies UB40 Sports Marketing and Starlite Sports Marketing
Read more »
SEC to stakeholders: Collaborate with us to tackle unclaimed dividends issueEmomotimi Agama, acting director-general of the Securities and Exchange Commission (SEC) has charged relevant stakeholders in the capital market to collaborate with the commission to reduce the quantum of unclaimed dividends.
Read more »
Senate confirms Agama as SEC DG, 2 other commissionersThe Senate on Thursday confirmed the nomination of Dr. Emomotimi Agama as the substantive Director-General of the Securities and Exchange Commission, SEC.
Read more »
Senate confirms DG, three other Commissioners for SECThe Nigerian Senate on Thursday confirmed the nominees of President Bola Tinubu to serve as Director General and Executive Commissioners of the Security and Exchange Commission, SEC.
Read more »