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Errant market players risk arrest – SEC

By on April 27, 2016

The Securities and Exchange Commission has said it will leverage on the support of the Nigeria Police Force and other law enforcement agencies in its quest to checkmate errant players in the country’s capital market.

It, therefore, urged law enforcement agencies to collaborate with it in the mission to ensure zero tolerance for infractions and also ensure that perpetrators of fraudulent acts were brought to book appropriately.

The Director-General, SEC, Mounir Gwarzo, stated this when he led members of the management of the commission on a visit to the Inspector General of Police, Solomon Arase, in his office in Abuja on Monday.

Gwarzo solicited the support of the IGP to enhance the ongoing co-operation between the Force and the commission towards ensuring that laid down rules and procedures were adhered to in the capital market.

He appreciated the police on the work being done since the collaboration started and sought for more in the areas of specialised discipline such as forensic investigation to enhance the operations of the capital market.

In his response, Arase assured the Commission that the Nigerian Police under his leadership would do all that it could to assist SEC in ensuring that infractions in the capital market were brought to the barest minimum.

He commended the DG SEC on his desire to make the capital market free of malpractices, saying that no nation could develop with the increase in crime and corruption, adding that life and property, including tangible and intangible assets, must be protected.

 

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