The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has stressed the importance of accountability and transparency in strengthening investor confidence in Nigeria’s capital market.
Dr. Agama made this statement while delivering a goodwill message at a stakeholder engagement on internal control over financial reporting in the public sector.
According to Dr. Agama, proper internal control mechanisms over financial reporting are essential for market integrity and investor trust.
He noted that internal control over financial reporting is a critical part of disclosures and strengthens accountability, transparency, and integrity within the financial system.
The SEC DG emphasized that investor confidence is closely tied to how transparent and accountable financial institutions and market operators are.
He stated that when investors see that management is committed to these principles, they are more likely to invest.
Dr. Agama also spoke on the recent passage of the Investment and Securities Act (ISA) 2025, signed into law by President Bola Ahmed Tinubu on March 25.
He described it as a milestone in capital market reform, introducing key reforms aimed at fostering a more transparent and efficient market.
Dr. Agama assured that the SEC, under his leadership, is committed to professionalism and adherence to the law, driving improvements in the market. He noted that these values are already leading to improved investor sentiment and increased confidence in the system.
The SEC DG’s statement highlights the importance of accountability and transparency in promoting investor confidence in Nigeria’s capital market.
With the recent passage of the ISA 2025, the SEC is poised to further strengthen the market’s integrity and efficiency.
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