The Corporate Affairs Commission (CAC) and the Securities and Exchange Commission (SEC) don reaffirm their commitment to stronger collaboration aimed at improving Nigeria’s business environment, protecting investors and fighting financial fraud.
The renewed partnership was highlighted during a courtesy visit by the CAC Governing Board, led by its Chairman, Senator Ibrahim M. Ida, CON, to the Director-General of SEC, Dr. Emomotimi Agama.
During the meeting, the Registrar-General of the Corporate Affairs Commission formally introduced members of the CAC Governing Board to the SEC leadership as both agencies discussed areas of mutual cooperation.
The two regulatory bodies agreed to strengthen information sharing and deepen collaboration in key areas including investor protection, beneficial ownership transparency and corporate governance.
They also pledged to work together more closely in tackling the growing threat of Ponzi schemes and other fraudulent investment activities that continue to affect many Nigerians.
According to officials, improved cooperation between both agencies will help promote transparency, boost investor confidence and create a safer environment for businesses and investments in the country.
The meeting further underscored the commitment of CAC and SEC to support reforms that will strengthen Nigeria’s corporate regulatory framework and enhance the integrity of the nation’s financial and investment sectors.
Stakeholders believe that stronger collaboration between the two institutions will contribute significantly to sustainable economic growth and a more attractive investment climate for local and foreign investors.
