New Telegraph

SEC To Enlighten FRSC Officers On Capital Market

I n an effort to ensure that more Nigerians are educated on the activities of the capital market, thereby developing the market and attracting more investors, the Securities and Exchange Commission is set to hold an awareness programme tagged “Investor Safety” for the officers of the Federal Road Safety Corps across the federation.

The event, which is the third in the series of sensitising officers of the FRSC, is to hold on July 5, 2023 in Enugu, Lagos, Osun, Port- Harcourt and Benin, respectively. According to a statement by SEC, the officers will be exposed to knowledge on investments available in the capital market, identifying and avoiding Ponzi schemes, the roles and functions of the SEC, non-Interest finance, and complaints management framework.

“The Commission is organising the event in collaboration with the Fund Managers Association of Nigeria (FMAN) to also expose the officers to legitimate channels of investments and the Association of Dealing Houses of Nigeria (ASHON) to address issues that relate to investments and unclaimed dividends and other related matters.

“This enlightenment programme is part of our commitment to developing the capital market, appraising investors of the products available in the market as well as our functions and roles in restoring investors’ confidence,” SEC stated.

The first tranche of the programme was held on November 30, 2022, at the SEC headquarters in Abuja for the Abuja Sector Command of FRSC with over 50 officers in attendance. Participants shared experiences on their investments in the capital market pre-2008 meltdown and on Ponzi schemes.

On May 9, 2023, the second phase of the programme was organised for other officers in six formations of the Corps, which are in Adamawa, Plateau, Kaduna, Sokoto, Kwara and Bauchi States.

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