• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

SEC has measures in place to compensate investors’ genuine losses

Emmanuel Abara Benson by Emmanuel Abara Benson
December 3, 2018
in Business News, Politics
SEC, Whistleblowing policy

Mary Uduk, Acting Managing Director, Securities and Exchange Commission

Share on FacebookShare on TwitterShare on Linkedin

Over the weekend, the Acting Director General of Nigeria’s Securities and Exchange Commission (SEC), Ms Mary Uduak, disclosed that the regulatory agency has a measure in place to compensate investors who genuinely incur losses in the capital market.

According to her, this measure is part of a wider set of strategies that have been established for the purpose of protecting investors, boosting their confidence, and ultimately expanding the capital market and the role it plays in developing the Nigerian economy.

Ms Uduak made this disclosure while addressing journalists in Uyo during the now-ended 2018 SEC Academy for Financial Journalists.

RelatedStories

CBN, forex

Private sector credit rises to N77.9 trillion in April 2025 

May 30, 2025
Easy steps to build wealth through saving money in 2024

Money supply soars to N119 trillion amid CBN’s rate pause strategy 

May 29, 2025

Giving further explanation about how the compensation process works, the SEC boss said the National Investor Protection Fund (NIPF) was created solely for this purpose. It will compensate losses incurred by investors and ultimately boost domestic retail investment.

This measure is very much like the E-dividend Mandate Management System and the Direct Cash Settlement initiative which were all put in place by SEC to ensure the protection of the investing public from unforeseen contingencies inherent in the market.

“To further boost investors’ confidence, enhance transparency and eliminate fraud in the market, the Direct Cash Settlement (DCS) initiative was introduced. DCS is an initiative that allows proceeds from sale of investors’ shares to settle directly into their account as against the system whereby the proceeds go to broker’s account before passing it to the investor. From inception, the process has been voluntary, but was made compulsory from September, 2017.’’

Speaking further, she also stated that SEC has developed and implemented the Corporate Governance Scorecard as a tool for measuring compliance to SEC’s Corporate Governance Codes, as well as ensuring that quoted companies adhere to required governance practices.

Reacting to a question about how much SEC has protected the investors of the now liquidated Skye Bank Plc, Ms Uduk said the Commission has been working in collaboration with the Central Bank of Nigeria on the matter. She also revealed that the Commission will ensure to collaborate more with the CBN in order to forestall future events that might endanger the investments of shareholders.


Follow us for Breaking News and Market Intelligence.
Tags: CBNCordros Securities LimitedMary UduakSecurities and Exchange Commission SEC
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

CBN, forex
Financial Services

Private sector credit rises to N77.9 trillion in April 2025 

May 30, 2025
Easy steps to build wealth through saving money in 2024
Economy

Money supply soars to N119 trillion amid CBN’s rate pause strategy 

May 29, 2025
CBN, forex
Financial Services

New CBN instruments target liquidity in Islamic finance 

May 27, 2025
Bank customers with CBN rise to 57 million in April 2023
Business News

Former aide admits no record of alleged $400,000 payment to ex-CBN Gov. Godwin Emefiele

May 27, 2025
CBN, forex
Legal & Regulations

SERAP sues CBN over non-disclosure of direct payments to local governments in Nigeria 

May 25, 2025
CBN, forex
Circulars

Banks face 12-month deadline as CBN unveils AI-driven anti-money laundering standards 

May 21, 2025
Next Post
Burger King

America's fast food company mulls Nigerian market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Pay-on-delivery hurting Nigeria’s e-commerce growth, stakeholders warn 
  • Digitvant MFB launches DigitvantPay: Finally, A bank you can call your own 
  • Niger Govt awards N7 billion road project with four bridges linking Mokwa to Rabba

Follow us on social media:

Recent News

e-commerce

Pay-on-delivery hurting Nigeria’s e-commerce growth, stakeholders warn 

June 10, 2025
Digitvant MFB launches DigitvantPay: Finally, A bank you can call your own 

Digitvant MFB launches DigitvantPay: Finally, A bank you can call your own 

June 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics