By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The New Board of Nigeria’s Securities and Exchange Commission (SEC) Wednesday unveiled an 11 Point Agenda for the Nigerian Capital Market (NCM).
Suleiman Ndanusa, Chairman of the board made this unveiling in Lagos Nigeria at a Maiden Meeting with Publishers and Chief Executive Officers of media organisations in Nigeria.
Ndanusa said the Board is poised to make the Nigerian Capital Market a strong, fair, efficient and robust Market.
“We hope to build a globally competitive Market” he said.
Below is a list of the Agenda as captured by InvestAdvocate:
1. Enforcement of Market Rules must be given priority
2. Zero Tolerance for Market Infractions
3. Reduce the quantum of unclaimed dividend
4. Quick and sustained reduction of compliants
5. Aggresive investors education and compliant management
6. Functional and sustainable Whistleblowing Mechanism
7. Implementation of dematerialisation before the end of 2013
8. Operationalising the e-filling system
9. formalising of guidelines on the process of demutualisation
10. Creation of an advocacy platform
11. Approval of new rules on private equity accounts.
Ndanusa said the interaction was intended to provide an avenue for the leadership of the Commission being the Statutory Regulator of the Nigerian Capital Market, to engage the top echelon of the fourth estate of the realm on issues of mutual interest and to share perspectives on current developments and avenues to foster the growth of the Market.
Apart from that, he said the forum will also serve to further consolidate the cordial and long standing partnership which the Media and the Market have always shared.
