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Damning!!: Only 30% of SEC Staff Perform Core Functions – IMF

Ugodre Obi-chukwu by Ugodre Obi-chukwu
11 years ago
in Uncategorized
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The International Monetary Fund (IMF) has said only 30 per cent of the 630 staff of the Securities  and Exchange Commission are performing the core regulatory and supervisory functions of the institution.

The fund pointed this out in its assessment of the level of implementation of the International Organisation of Securities Commissions (IOSCO) Principles in Nigeria. The assessment was conducted from September 4 to 19, 2012 as part of the IMF-World Bank Financial Sector Assessment Programme (FSAP). The last IOSCO assessment in Nigeria was conducted in 2002.

IMF: Only 30% of SEC Staff Perform Core Functions

 

Tags: News Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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