Fidelity bank banner UBA banner
Dogara to capital market players: Salvage the industry for economic advancement

By Mayowa Okekale, Abuja on 07/06/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,306

Speaker of the House of Representatives, Yakubu Dogara, has charged the main players in the Nigerian capital market to come to its rescue and ensure that the investment of Nigeria are protected from fraudulent operators.

He charged the main players in the market, such as Securities and Exchange Commission (regulatory), Nigerian Stock Exchange, stock brokers, legal practitioners, trustees, issuing houses, registrars, to work together to rescue the market, with a view to making Nigeria dig deep to achieve its goal of economic diversification.

Dogara who made the plea today while delivering an address at the opening ceremony of Stakeholders Forum on the Capital Market and Nigeria's economy, at NAF Conference Centre, Abuja, remarked that it has become imperative in view of the fact that the nation is in dire need of investors to bring in their resources to diversify its sources of income.

Dogara said: “We strongly believe that the Capital Market is a major tool for wealth creation and mobilisation of funds to grow and diversify the Nigerian economy. We want to emphasise that any proposed legislation must find a way to protect ordinary Nigerians, some of whom have invested their life savings in the market, from fraudulent market players.

“Many Nigerian’s have tales of woes from the irresponsible activities of these unscrupulous stakeholders in the market. The recent regulatory sanctions to some stock brokers and market players is therefore, is a step in the right direction.”

The conference was organised by the National Assembly Joint Committee on Capital Market and Institutions.

Photo shows Speaker Dogara.

Source News Express

Posted 07/06/2016 04:43:40 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
FG rescues family of five battling mental illness...

Substandard phones cause cancer — NCC

FRSC warns motorists on collapsed bridge on Bida...

Transparency International restates support for Nigeria’s anti-graft war...

NANS leader, 7 others in Police net for...

Unauthorised entry: Navy intercepts vessel with 406 passengers...

El-Rufai visits Kaduna community rocked by earth tremor,...

Reps to probe unsolicited text messages, calls from...

Internet expert Ike Nnamani elected into NIRA Executive...

Bayelsa gets N1.24 billion bailout fund

Breaking News: Arsenal signs goalkeeper Petr Cech from...

ABBA reunites after 35 years of break-up


Latest News 2019: Igbos present shopping list to Atiku How NEMA wasted N414m rice donated by China for IDPs ― Dogara Court varies Nnamdi Kanu’s bail conditions, orders Abaribe, others to forfeit N100m Traders count losses as fire razes polythene factories in Anambra Why Anambra Assembly kicked out Speaker Rita Mmaduagwu Probe Oshiomhole now, protesters tell ICPC 2019: Buhari plans to liquidate our accounts ― PDP Akeredolu: Ondo civil servants are selfish, ungrateful Lagos PDP stalwart, 1,000 others defect to APC Bus conductors endorse Buhari for 2019 Ahead 2019 elections: PDP Ghana Chapter endorses Atiku/Obi ticket Aviation security to start carrying arms


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (420,311 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (389,633 views) Shameless Genevieve Nnaji exposes breasts in public (322,457 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (271,200 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (243,827 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (227,333 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (208,775 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (190,249 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (175,614 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (168,417 views) Lagos plane crash: Journalist releases victims’ names (164,890 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (151,817 views)


Zenith Zero Balance First Bank banner


Categories Advertorials (3) African Press Organisation (81) Art & Literature (72) Business & Economy (3,789) Business Verdict (54) Columnists (960) Complaints & Requests (94) Enterprise & Opportunities (208) Entertainment (566) Features (668) Global Business Monitor (309) International (2,677) Interview (166) Live Commentary (28) Love Matters (146) Maggie's Blog (33) News (40,530) Opinion (1,140) Pidgin (13) Politics (7,715) Religion (896) Sports (1,771) Stock Watch (35) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera