The Director General of the SEC revealed this during an interactive session with editors on Tuesday in Lagos State.
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The Director-General of SEC, Mr Lamido Yuguda, said this in a statement on Sunday in Lagos.
Similarly, the SEC has revealed that with over 70 per cent of its 10-year plan (2015-2025) initiatives already started, the plan has the potential to facilitate the implementation of the Nation’s economic agenda.
At an investigative hearing organised by House of Representatives Committee on Capital Market and Institutions on the issue, the minister said the suspension was in line with public service rules.
In a statement on Friday by her media aide, Oluyinka Akintunde, Adeosun said she had noticed some publications in the media on the issue, which tended towards blackmail on the issue.
The Director General of SEC, Mounir Gwarzo, said the bills were in response to the challenge thrown to the Commission by the Senate President, Dr. Abubakar Bukola Saraki, during a roundtable conference organized by the Senate last year on how to reposition the nation’s Capital Market for effectiveness
An elated Munir Gwarzo, Director General of SEC, told a press conference recently: “In this country, we have never had this kind of initiative that has reduced unclaimed dividends like we have today. Apart from the investor getting his dividends where ever he is, that investor will be able to get dividends that in the last five years he has not been able to get.”
The Chairman of the committee, Ahmed Wase, gave the ultimatum at a public hearing at the National Assembly Complex in Abuja on Wednesday
Oteh was appointed by the late President Umaru Musa Yar’Adua in 2009 but resumed in January 2010
Emeka Madubuike, the President of the Association of Stockbroking Houses of Nigeria, confirmed the development in an interview with the News Agency of Nigeria in Lagos