SEC Compensates Investors Who Incurred Losses

The Securities and Exchange Commission (SEC) on Wednesday said it has paid N30 million to some investors who incurred losses.

Director General of SEC, Mr Mounir Gwarzo, said the “unlucky investors” were paid from the commission’s National Investment Protection Fund. According to him, the beneficiaries were paid between N5, 000 to N200, 000.

The meeting was set up to ensure speedy dispensation of justice for aggrieved investors who may be involved in one form of litigation or the other.

After soliciting their help in protecting the nation’s investors, Mr Gwarzo gave an insight into what is being done to alleviate the sufferings of investors.

The Administrator of the National Judicial Institute, Justice Roseline Bozimo and a judge, Justice Ibrahim Mohammed, who were part of the attendants, agreed on the need to protect investors funds at all times. They pledged the support of the nation’s judiciary in making this a reality, as the pool of investment in the nation’s capital market increases.

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