Essential Ndubuisi
The Securities and Exchange Commission (SEC) has reiterated its commitment to maintaining zero tolerance to money laundering, terrorism, and proliferation of weapons financing obligations.
The Director-General of SEC, Mr. Lamido Yuguda, made this known during a post-Capital Market Committee (CMC) news conference in Abuja. He disclosed that SEC had informed Capital Market Operators (CMOs) of the new Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regulations and guidelines, mandating CMOs to comply with stringent reporting obligations in their dealings.
Yuguda also assured investors that the interests of minority shareholders would be protected in all transactions in the capital market. Additionally, SEC is working towards retaining foreign and retail investors and attracting more to the capital market.
