Emomotimi Agama, director-general of the Securities and Exchange Commission (SEC), has charged relevant stakeholders in the capital market to collaborate with the commission to reduce the quantum of unclaimed dividends.
Agama spoke during a recent meeting with the Association of Securities Dealing Houses of Nigeria (ASHON) in Abuja.
He described the unclaimed dividends issue as a monster in the capital market which must be dealt with swiftly.
Agama said every unresolved issue bordering unclaimed dividends, time to market, and other related market issues will be addressed as soon as possible.
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He assured that every good thought that they have had will be implemented, urging them to forward a practical proposal on how they are going to deal with the current level of unclaimed dividends.
“We cannot continue to do a thing in a particular way and expect a different result. You need to strengthen the institutions under you and know who you are leaving behind to continue the Legacy,” Agama said.
Agama, therefore, pledged that the management would do everything in its power to ensure that there are no infractions in the market.
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The SEC boss said the commission would also work towards expanding the market for the benefit of society as a whole, and achieve success in the Nigerian economy.
In his remarks, Sam Onukwe, chairman of ASHON, expressed confidence that Agama and his team would contribute their exceptional depth of experience to the growth and development of the capital market and the overall growth of the Nigerian economy.
“In my lifetime, this is the first time the board of SEC is chosen from the system,” he said.
He said this is an opportunity for the team to chart a new course for the capital market.
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On June 6, the senate confirmed Agama as the director-general of the SEC.
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