SEC TO UNVEIL RECAPITALISATION FRAMEWORK FOR BANKS
The Securities and Exchange Commission (SEC) has announced plans to release a framework to guide the capital market in the upcoming recapitalisation exercise by banks. Acting Director General Emomotimi Agama revealed this during a meeting with executives of the Institute of Capital Market Registrars in Abuja, emphasizing the commission's commitment to resolving outstanding issues in the market.
Agama stated that the SEC is focused on ensuring the recapitalisation process is smooth and inclusive, and stressed the importance of adopting technology to address the problem of unclaimed dividends in the capital market. He called for cooperation from registrars to provide practical steps to tackle this issue.
Bola Ajomale, acting Executive Commissioner of Operations at SEC, highlighted the necessity of technology adoption to ensure efficiency and system sanitisation. Seyi Owoturo, President of the Institute of Capital Market Registrars, pledged the registrars' continued support for the capital market's interests and congratulated the new SEC management on their appointment.
The Securities and Exchange Commission (SEC) has announced plans to release a framework to guide the capital market in the upcoming recapitalisation exercise by banks. Acting Director General Emomotimi Agama revealed this during a meeting with executives of the Institute of Capital Market Registrars in Abuja, emphasizing the commission's commitment to resolving outstanding issues in the market.
Agama stated that the SEC is focused on ensuring the recapitalisation process is smooth and inclusive, and stressed the importance of adopting technology to address the problem of unclaimed dividends in the capital market. He called for cooperation from registrars to provide practical steps to tackle this issue.
Bola Ajomale, acting Executive Commissioner of Operations at SEC, highlighted the necessity of technology adoption to ensure efficiency and system sanitisation. Seyi Owoturo, President of the Institute of Capital Market Registrars, pledged the registrars' continued support for the capital market's interests and congratulated the new SEC management on their appointment.