LIVE UPDATES
The Federal Government has called on the judiciary to take a proactive role in strengthening the capital market through prompt and technically robust rulings that bolster investor confidence.
Vice President Kashim Shettima made this request during a two-day Judges’ Workshop hosted by the Securities and Exchange Commission in Abuja, which focused on ‘Repositioning the Nigerian Capital Market for National Economic Transformation through Effective Dispute Resolution.’
Speaking through his Economic Adviser, Tope Fasua, Shettima emphasized that protecting investors and ensuring regulatory clarity are crucial for market development.
He remarked, “The capital market is more than just a space for trading securities; it is vital for economic transformation, job creation, and industrial growth.”
He highlighted the necessity for quick, fair, and knowledgeable dispute resolution to safeguard investor interests and prevent misconduct. Chief Justice of Nigeria, Kudirat Kekere-Ekun, represented by Justice Stephen Adah, asserted that the judiciary should act as guardians of commercial justice.
SEC Director-General Emomotimi Agama noted that the workshop came in the wake of the Investment and Securities Act 2025's passage, which marks a significant reform for the market.
EFCC Chairman, Olanipekun Olukoyede, disclosed that 58 unlawful investment schemes have faced court charges, resulting in two convictions. Current cases include actions against Binance and CBEX.
