SEC, EFCC collaborate on capital market devt




In a bid to ensure that financial crimes in the capital market are reduced to the barest minimum, the Securities and Exchange Commission (SEC) has engaged staff of the Economic and Financial Crimes Commission on capital market training.

In an address during a one-day training  tagged “ Enlightenment Programme on the Capital Market and the Investigation of Capital Market Complaints” which held at EFCC, Lagos  Zonal Command, the Director, SEC, Lagos Zonal Office, Mr Steven Falomo, said the training was one of the strategies of the SEC to drive the development of the market, while also sharing knowledge with the EFCC to achieve a well-regulated market that is dynamic , fair and equitable.

Falomo stated that the special enlightenment program is aimed at intimating the officers of EFCC on the workings of the Capital Market in general and enhancing the investigative skills you might require to handle Capital Market related complaints.

According to him, “the Securities and Exchange Commission is the apex regulator of the Nigerian Capital Market. It is empowered by the Investment and Securities Act (ISA) of 2007 to regulate and develop the Capital Market. Organizing programs like today’s workshop is one of the strategies of to drive the development of the market while at the same time, sharing knowledge with a sister agency like the EFCC to achieve a well regulated market that is dynamic, fair and equitable.

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